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Keel Infrastructure KEEL Total Cost of Revenue

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Segments

By product

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Depreciation And Amortization$27.69M+50.1%
Energy Service$21.11M+32.0%
Infrastructure Expenses$13.94M+223%
Electrical Components And Salaries$547K-37.6%

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$2.31B+87.6%
Enterprise value$2.54B
P/S15.3×

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:CostOfRevenue.

The source filing: Keel Infrastructure’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-054166
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Revenues36,99247,651
Cost of revenues(63,297)(47,375)
Gross (loss) profit(26,305)276
Operating expenses
General and administrative expenses(26,837)(17,618)
Change in fair value of digital assets(41,449)(23,033)
Realized (loss) gain on sale of digital assets(1,810)4,977
(Loss) gain on disposition of property, plant and equipment and deposits(1)557

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's total cost of revenue?
Keel Infrastructure (KEEL) reported total cost of revenue of $63.3M in Q1 2026.
How has Keel Infrastructure's total cost of revenue changed year-over-year?
Keel Infrastructure's total cost of revenue increased by 33.6% year-over-year, from $47.38M to $63.3M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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