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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$2.31B+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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
Loss from discontinued operations(17,779)(17,180)
Net loss(145,353)(55,553)
Loss per common share
Basic and diluted loss per share from continuing operations(0.21)(0.08)
Basic and diluted loss per share from discontinued operations(0.03)(0.03)
Basic and diluted loss per share(0.24)(0.11)
Weighted average number of common shares outstanding
Basic and diluted602,578,453500,163,441

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's shares (diluted)?
Keel Infrastructure (KEEL) reported shares (diluted) of $602.58M in Q1 2026.
How has Keel Infrastructure's shares (diluted) changed year-over-year?
Keel Infrastructure's shares (diluted) increased by 20.5% year-over-year, from $500.16M to $602.58M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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