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Other financials

Income statement

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Revenue$37.0M-22.4%
Gross profit-$26.3M-9,631%
Operating income-$98.4M-182%
Net income-$145.4M-162%
EPS (diluted)-$0.24-118%

Balance sheet

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Cash & equivalents$357.3M+827%
Total debt$591.0M
Total equity$419.1M-36.6%
Total assets$1.1B

Cash flow

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Operating cash flow-$64.7M-243%
CapEx$10.3M-76.2%
Free cash flow-$75.0M-20.6%

Valuation

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Market cap$2.05B+66.9%
Enterprise value$2.29B
P/S13.6×

Profitability

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Gross margin-7.9%-2.8pp
Operating margin-37.8%+2.0pp
Net margin-52%+24.6pp
FCF margin-259.9%+201pp

Returns & leverage

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Return on equity-6.1%-2.5pp
Debt / equity1.4×
Current ratio9.6×

Where this comes from

Reported directly by Keel Infrastructure in its filing.

Tagged under the XBRL concept us-gaap:StockRepurchasedDuringPeriodValue.

The source filing: Keel Infrastructure’s 10-K, filed March 31, 2026.

Filed
Mar 31, 2026, 4:31 PM EDT
Fiscal year
FY2026
Accession
0001213900-26-037514
Line itemNumber of sharesCommon stockAdditional paid-in capitalAccumulated deficitTotal stockholders’ equity
Issuance of replacement stock-based compensation232232
Issuance of common shares97,983,548172,794172,794
Issuance of equity warrants20,08820,088
Settlement of restricted share units2,744,0834,430(4,430)
Exercise of stock options and warrants27,783,30460,849(25,220)35,629
Settlement of share awards1,543,3201,558(1,558)
Repurchase and cancellation of common shares(7,807,141)(12,823)2,869(9,954)
Balance as of December 31, 2025601,579,9991,064,572108,284(612,481)560,375

ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

FAQ

What is Keel Infrastructure's share buybacks?
Keel Infrastructure (KEEL) reported share buybacks of $2.49M in Q4 2025.
What does share buybacks mean?
Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.

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