3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $229M | -$285M | -8.2% | -65.2% | -$327M | $669M | $631M |
| 2024 | $133M | -$28M | -11.9% | -21.0% | -$429M | $2M | $60M |
| 2023 | $120M | -$56M | -19.7% | -41.5% | -$155M | $4M | $84M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $37M | -$145M | -71.1% | -266.0% | -$75M | $577M | $398M |
| Mar '25 | $48M | -$56M | 0.6% | -73.1% | -$62M | — | $39M |
How the market has priced KEEL against its own fundamentals since 2026-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 2 years, Keel Infrastructure Corp.'s revenue has grown 38.0% per year. These are computed facts, not advice.
As of FY2025, Keel Infrastructure Corp. reported $669M of total debt against $631M of cash; operating income covered interest expense -17.3×.
In FY2025, gross margin was -8.2%, operating margin -65.2%, and net margin -124.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.