PerpEquitiesEquity
KEEL perpetual futures
Keel Infrastructure Corp. tracked across crypto venues with normalized contract specs.
Price chart
4.99▲ 0.97%
4.964.985.005.02
01:37 PM02:18 PM03:00 PM03:41 PM04:22 PM
24/7 perp mark · BingX (KEEL-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$176k
Open interest
$729
Best liquidity
$95k
BingX
Tightest spread
+20.1 bps
BingX
Highest volume
$176k
BingX
Settlement mix
USDT · 1/1
Best Liquidity
KEELTightest Spread
KEELHighest Volume
KEELCompany data
Company fundamentals
Market cap
$2.9B
Updated 3h ago
Revenue
$199.4M
Trailing 12 months
Net income
$-394.0M
Trailing 12 months
Free cash flow
$-335.5M
Trailing 12 months
Profit margin
-197.6%
P/E
-7.0
P/S
14.6
Revenue estimate
$119.5M
Next fiscal year
Revenue growth
-48%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$229.3M
Net margin-124.1%
Free cash flow$-326.9M
Net debt$110.3M
PeriodRevenueGrowthNet incomeFCF
2020$34.7M+7%$-16.3M$2.7M
2021$169.5M+388%$22.1M$-230.4M
2022$142.4M-16%$-175.6M$-158.7M
2023$146.4M+3%$-108.9M$-177.0M
2024$192.9M+32%$-54.1M$-480.4M
2025$229.3M+19%$-284.5M$-326.9M
PeriodGross marginOperating marginNet marginROEROA
2020+8.3%-19.4%-46.9%-105.5%-31.5%
2021+65.6%+37.5%+13.1%+6.2%+4.1%
2022+7.4%-199.4%-123.3%-68.8%-51.2%
2023-14.7%-49.3%-74.4%-37.0%-28.8%
2024-16.8%-55.8%-28.0%-8.9%-8.1%
2025-8.2%-65.2%-124.1%-50.8%-21.9%
PeriodCashDebtNet debtCurrent ratio
2020$5.9M$28.4M$22.4M0.32
2021$125.6M$84.7M$-40.9M1.74
2022$30.8M$65.0M$34.2M1.02
2023$84.0M$19.9M$-64.2M1.88
2024$59.5M$23.4M$-36.1M5.89
2025$573.5M$683.8M$110.3M5.58
PeriodMarket capEnterprise valueP/SP/E
2020$161.3M$183.8M4.6-10.0
2021$796.1M$755.3M4.736.1
2022$91.4M$125.6M0.6-0.5
2023$763.1M$698.9M5.2-6.9
2024$617.9M$581.7M3.2-11.5
2025$1.3B$1.4B5.7-4.5
PeriodRevenueGrowthNet incomeFCF
Q2 2024$41.5M+17%$-26.6M$-66.5M
Q3 2024$44.9M+30%$-36.6M$-124.9M
Q4 2024$56.2M+21%$15.2M$-229.3M
Q1 2025$66.8M+33%$-35.9M$-66.4M
Q2 2025$77.8M+87%$-28.8M$-93.5M
Q3 2025$69.2M+54%$-80.8M$-69.2M
Q4 2025$15.4M-73%$-139.1M$-97.8M
Q1 2026$37.0M-45%$-145.4M$-75.0M
PeriodGross marginOperating marginNet marginROEROA
Q2 2024-27.1%-56.7%-64.0%-5.6%-5.0%
Q3 2024-26.3%-97.9%-81.7%-7.2%-6.2%
Q4 2024+2.5%-29.2%+27.0%+2.5%+2.3%
Q1 2025-0.8%-48.4%-53.7%-5.4%-4.6%
Q2 2025-7.0%-50.9%-37.1%-4.4%-3.5%
Q3 2025-4.2%-41.8%-116.6%-13.2%-10.1%
Q4 2025-65.0%-316.3%-904.0%-24.8%-10.7%
Q1 2026-71.1%-143.7%-392.9%-34.7%-13.6%
PeriodCashDebtNet debtCurrent ratio
Q2 2024$138.6M$15.9M$-122.8M5.11
Q3 2024$72.9M$24.0M$-49.0M3.70
Q4 2024$59.5M$23.4M$-36.1M5.89
Q1 2025$38.5M$25.7M$-12.9M2.64
Q2 2025$85.4M$74.9M$-10.5M3.11
Q3 2025$87.0M$73.7M$-13.3M3.20
Q4 2025$573.5M$683.8M$110.3M5.58
Q1 2026$357.3M$591.0M$233.7M9.60
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$1.1B$952.6M25.9-10.1
Q3 2024$946.8M$897.8M21.1-6.5
Q4 2024$714.2M$678.1M12.712.1
Q1 2025$394.2M$381.4M5.9-2.7
Q2 2025$467.0M$456.5M6.0-4.0
Q3 2025$1.6B$1.6B22.7-5.0
Q4 2025$1.3B$1.4B84.3-2.3
Q1 2026$1.2B$1.4B31.8-2.0
Refreshed 3h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$119.5M-48%5 analysts
FY 2027$131.8M-42%6 analysts
FY 2028$312.7M+36%1 analysts
Q2 2026$33.2M-57%6 analysts
Q3 2026$27.6M-60%5 analysts
Q4 2026$21.1M+37%2 analysts
Events
Earnings · dividends · splits2026-08-11EarningsRevenue est. $33.2M
2026-05-11EarningsRevenue est. $34.6M
2026-03-26EarningsRevenue est. $63.3M
2025-11-13EarningsRevenue est. $61.8M
2025-08-12EarningsRevenue est. $81.0M
2025-05-14EarningsRevenue est. $75.8M