Keel Infrastructure Corp. (KEEL) income statement
NASDAQ · Technology · Information Technology Services · 274 employees · CEO Benjamin J. Gagnon
- Price
- $2.08 -9.96%
- Market cap
- $1.26B
- Enterprise value
- $1.58B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-05 EPS est. -$0.09
Keel Infrastructure Corp. (KEEL) reported revenue of $30.4M for Q2 '26 (-60.9% year on year), operating income of -$141M (-462.6% of revenue) and net income of -$65M. Over the last four quarters revenue was $152M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.6M | $46.2M | $50.3M | $41.5M | $44.9M | $56.2M | $66.8M | $77.8M | $69.2M | $15.4M | $37M | $30.4M | |
| Cost of revenue | $43.5M | $44.5M | $61M | $52.8M | $56.6M | $54.8M | $67.4M | $83.3M | $72.1M | $25.4M | $63.3M | $117M | |
| Gross profit | -$8.87M | $1.76M | -$10.7M | -$11.3M | -$11.8M | $1.39M | -$542K | -$5.48M | -$2.88M | -$10M | -$26.3M | -$86.8M | |
| Sales & marketing | $73K | $131K | $116K | $165K | $332K | $108K | $118K | $1.09M | $313K | -$1.52M | $686K | $0 | |
| General & administrative | $8.3M | $13.3M | $13.1M | $8.68M | $27.3M | $17.9M | $20.1M | $16M | $16.7M | $25.5M | $26.2M | $31.3M | |
| Other operating expenses | $1.4M | $1.09M | -$170K | $3.45M | $4.5M | -$270K | $11.6M | $17M | $9.04M | $14.7M | $0 | $22.7M | |
| Operating expenses | $9.77M | $14.5M | $13M | $12.3M | $32.1M | $17.8M | $31.8M | $34.1M | $26.1M | $38.7M | $26.8M | $54M | |
| Operating income | -$18.6M | -$12.7M | -$23.7M | -$23.6M | -$43.9M | -$16.4M | -$32.4M | -$39.6M | -$29M | -$48.7M | -$53.1M | -$141M | |
| Interest income | $477K | $0 | $680K | $2.04M | $2.47M | $839K | $947K | $468K | $585K | $4.29M | $3.72M | $2.89M | |
| Interest expense | $815K | $8.46M | $378K | $349K | $442K | $557K | $643K | $2.19M | $1.88M | $3.91M | $5.22M | $2.11M | |
| Other non-operating income (gains on investments, FX ...) | -$3.35M | $36.6M | -$11.8M | $968K | -$7.68M | $270K | -$2.76M | -$4.29M | $17.8M | -$10.7M | $0 | -$79M | |
| Total non-operating income | $2.53M | -$45M | $11.4M | -$1.32M | $7.24M | $21.8M | $2.11M | $2.14M | -$19.6M | -$43.4M | -$74.4M | $76.8M | |
| Income before tax | -$16.1M | -$57.8M | -$12.3M | -$24.9M | -$36.7M | $5.46M | -$30.2M | -$37.5M | -$48.6M | -$92.1M | -$128M | -$63.9M | |
| Income tax | $401K | -$378K | -$6.29M | $1.7M | -$2K | -$9.71M | $5.63M | -$8.64M | -$2.35M | $5.46M | -$3K | $17K | |
| Net income | -$16.5M | -$57.4M | -$5.98M | -$26.6M | -$36.6M | $15.2M | -$35.9M | -$28.8M | -$80.8M | -$139M | -$145M | -$65M | |
| EPS (basic) | -$0.07 | -$0.18 | -$0.02 | -$0.07 | -$0.08 | $0.03 | -$0.07 | -$0.05 | -$0.14 | -$0.26 | -$0.24 | -$0.11 | |
| EPS (diluted) | -$0.07 | -$0.18 | -$0.02 | -$0.07 | -$0.08 | $0.03 | -$0.07 | -$0.05 | -$0.14 | -$0.26 | -$0.24 | -$0.11 | |
| Shares (basic, weighted) | 274M | 334M | 339M | 401M | 449M | 479M | 500M | 556M | 557M | 552M | 603M | 605M | |
| Shares (diluted, weighted) | 274M | 334M | 339M | 401M | 449M | 479M | 500M | 556M | 557M | 552M | 603M | 605M | |
| Depreciation & amortization | $21.8M | $21.8M | $39M | $48.6M | $28.8M | $24.6M | $29.7M | $37M | $33.5M | $22.5M | $27.7M | $84.1M | |
| EBITDA | $6.48M | -$27.5M | $27.1M | $24M | -$7.38M | $7.93M | $89K | $1.68M | -$13.2M | -$15.5M | -$25.4M | $22.3M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.97M | $33.8M | $32.4M | $34.7M | $169M | $142M | $146M | $193M | $229M | |
| Cost of revenue | $1.4M | $22.9M | $21M | $31.8M | $58.4M | $132M | $168M | $225M | $248M | |
| Gross profit | $7.58M | $10.9M | $11.4M | $2.87M | $111M | $10.5M | -$21.5M | -$32.4M | -$18.9M | |
| Sales & marketing | $0 | $272K | $110K | $38K | $174K | $333K | $491K | $721K | $0 | |
| General & administrative | $0 | $8.54M | $9.87M | $8.21M | $43.1M | $51.2M | $38.8M | $72.7M | $78.3M | |
| Other operating expenses | $0 | $20.1M | $56K | $1.35M | $4.24M | $243M | $11.3M | $1.82M | $52.4M | |
| Operating expenses | $177K | $28.9M | $10M | $9.6M | $47.5M | $295M | $50.6M | $75.2M | $131M | |
| Operating income | $7.4M | -$18M | $1.4M | -$6.73M | $63.6M | -$284M | -$72.1M | -$108M | -$150M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $456K | $1.42M | $6.04M | $6.29M | |
| Interest expense | $0 | $63K | $3.27M | $6.1M | $3.42M | $14.2M | $4.08M | $1.74M | $8.62M | |
| Other non-operating income (gains on investments, FX ...) | $260K | $116K | -$1.39M | $3.28M | $17.6M | -$105M | $30.1M | -$40.9M | -$52.4M | |
| Total non-operating income | -$264K | -$179K | -$1.88M | -$9.39M | -$21M | $91M | -$37.2M | $39.2M | -$58.8M | |
| Income before tax | $7.14M | -$18.2M | -$484K | -$16.1M | $42.6M | -$193M | -$109M | -$68.4M | -$208M | |
| Income tax | $2.05M | $59K | -$2.59M | $172K | $20.5M | -$17.4M | -$401K | -$14.3M | $101K | |
| Net income | $5.08M | -$9.36M | $2.9M | -$16.3M | $22.1M | -$176M | -$109M | -$54.1M | -$285M | |
| EPS (basic) | $0.09 | -$0.16 | $0.04 | -$0.19 | $0.14 | -$0.85 | -$0.42 | -$0.13 | -$0.52 | |
| EPS (diluted) | $0.09 | -$0.16 | $0.04 | -$0.19 | $0.13 | -$0.85 | -$0.42 | -$0.13 | -$0.52 | |
| Shares (basic, weighted) | 57M | 56.9M | 67M | 84.9M | 158M | 208M | 262M | 415M | 552M | |
| Shares (diluted, weighted) | 57M | 56.9M | 71.1M | 84.9M | 169M | 208M | 262M | 415M | 552M | |
| Depreciation & amortization | $1.15M | $12.5M | $6.84M | $11.5M | $24.5M | $72.4M | $84.8M | $141M | $123M | |
| EBITDA | $8.29M | -$5.57M | $9.63M | $1.47M | $70.5M | -$106M | -$17.4M | $74.4M | $25.4M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31
Data as of 2026-11-02