Keel Infrastructure Corp. (KEEL)
Keel Infrastructure Corp. brought in $147.8M of revenue over the twelve months to September 30, 2026. It posted a net loss of $457.8M. In fiscal 2025 capital spending exceeded operating cash flow by $326.9M. At September 30, 2026 it held $869.2M in cash against $1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Keel Infrastructure Corp.
- Net worth
- Keel Infrastructure Corp. has a market value (market cap) of $1.2B at the latest share price, and shareholders' equity of $273.6M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $229.3M (+18.9% year on year), with a net loss of $284.5M. Over the 12 months to September 30, 2026: revenue $147.8M, net loss $457.8M.
- Cash flow
- In fiscal 2025 operations used $226.6M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Keel Infrastructure Corp.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Keel Infrastructure Corp. does
Keel Infrastructure Corp. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker KEEL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $229.3M | -$284.5M | -$0.52 | -$326.9M |
| 2024 | $192.9M | -$28.4M | -$0.07 | -$428.6M |
| 2023 | $146.4M | -$55.5M | -$0.21 | -$155.3M |
| 2022 | $142.4M | -$175.6M | -$0.43 | -$275.6M |
| 2021 | $169.5M | $20.5M | $0.05 | n/a |
| 2021 | $34.7M | $172K | -$0.07 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where KEEL ranks in Finance
Latest SEC filings
What Keel Infrastructure Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 59% to $27.6M versus the same quarter last year; diluted EPS -$0.10 versus -$0.07.
- November 5, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 50% to $30.4M versus the same quarter last year; diluted EPS -$0.11 versus -$0.01.
- August 10, 2026
- July 29, 2026Passive stake (5% or more) SCHEDULE 13G
- July 6, 2026
- June 16, 2026Auditor change 8-K
- June 10, 2026
- June 5, 2026Other event 8-K
Insider trades
What the people running Keel Infrastructure Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $525.7K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 21, 2026 | Gagnon BenjaminChief Executive Officer, Director | Bought | 38,888 | $129.5K |
| August 20, 2026 | Wilson Liam DanielChief Operating Officer | Bought | 30,769 | $100K |
| August 17, 2026 | Wilson Liam DanielChief Operating Officer | Bought | 26,472 | $100.1K |
| August 13, 2026 | Gagnon BenjaminChief Executive Officer, Director | Bought | 58,888 | $196.1K |
| July 10, 2026 | Silverstein Rachel RoseEVP, General Counsel, Corp Sec | Exercised options | 18,370 | - |
| July 10, 2026 | Silverstein Rachel RoseEVP, General Counsel, Corp Sec | Shares withheld for tax | 6,837 | $31.9K |
| July 10, 2026 | Ammann Marc-AndrePrincipal Accounting Officer | Exercised options | 28,480 | - |
| July 10, 2026 | Ammann Marc-AndrePrincipal Accounting Officer | Shares withheld for tax | 15,183 | $70.9K |
Who owns KEEL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Jane Street Group, LLC13G, passive with 2 related filers | 5.1% | May 18, 2026 |
Largest institutional holders
Insiders
4 insiders reported holding 1,513,822 shares in total, about $2.8M at the last price.
| Holder | Shares |
|---|---|
| Gagnon BenjaminChief Executive Officer, Director | 1,386,624 |
| Wilson Liam DanielChief Operating Officer | 100,978 |
| Ammann Marc-AndrePrincipal Accounting Officer | 13,297 |
| Silverstein Rachel RoseEVP, General Counsel, Corp Sec | 12,923 |
Questions about KEEL
What does Keel Infrastructure Corp. do?
Keel Infrastructure Corp. is a company in the Finance sector, listed on NASDAQ as KEEL. Its shares trade on NASDAQ under the ticker KEEL.
What is Keel Infrastructure Corp.'s net worth?
Keel Infrastructure Corp. has a market value (market cap) of $1.2B at the latest share price, and shareholders' equity of $273.6M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Keel Infrastructure Corp. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $457.8M on revenue of $147.8M.
How much revenue does Keel Infrastructure Corp. make?
Over the twelve months to September 30, 2026 Keel Infrastructure Corp. reported revenue of $147.8M.
When did Keel Infrastructure Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 6, 2026.
When is Keel Infrastructure Corp.'s next earnings report?
Keel Infrastructure Corp.'s next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Keel Infrastructure Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.