Symbols / KEEL Stock $3.29 +1.54% Keel Infrastructure Corp.

Technology • Information Technology Services • United States • NGM
KEEL (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Information Technology Services
CEO
Exch · Country NGM · United States
Market Cap 1.98B
Enterprise Value 2.09B
Income -208.51M
Sales 229.28M
FCF (ttm) -133.66M
Book/sh 0.93
Cash/sh 0.95
Employees
Insider 10d
IPO Aug 16, 2019
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E -34.63
PEG
P/S 8.65
P/B 3.53
P/C
EV/EBITDA 85.82
EV/Sales 9.13
Quick Ratio 3.93
Current Ratio 5.58
Debt/Eq 122.02
LT Debt/Eq
EPS (ttm) -0.38
EPS next Y -0.10
EPS Growth
Revenue Growth 39.70%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-05-11
Earnings (prior) 2026-03-31
ROA -6.20%
ROE -35.60%
ROIC
Gross Margin -8.24%
Oper. Margin -70.57%
Profit Margin -124.11%
Shs Outstand 602.85M
Shs Float 576.58M
Insider Own 4.60%
Instit Own 39.55%
Short Float 11.73%
Short Ratio 2.04
Short Interest 69.47M
52W High 6.60
vs 52W High -50.15%
52W Low 0.70
vs 52W Low 370.00%
Beta 3.72
Impl. Vol. 1.42%
Rel Volume 1.19
Avg Volume 33.76M
Volume 40.31M
Target (mean) $4.81
Tgt Median $5.00
Tgt Low $3.00
Tgt High $7.00
# Analysts 7
Recom None
Prev Close $3.24
Price $3.29
Change 1.54%
About

Keel Infrastructure Corp. operates digital and energy infrastructure with focus on high-performance computing (HPC) and artificial intelligence (AI) workloads in North America, Canada, and the United States. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for cryptocurrency mining. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.29
Low
$3.00
High
$7.00
Mean
$4.81

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Cantor Fitzgerald Overweight → Overweight $3
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
229.28
+72.03%
133.27
+10.69%
120.40
-15.47%
142.43
Operating Revenue
229.28
+72.03%
133.27
+10.69%
120.40
-15.47%
142.43
Cost Of Revenue
248.18
+66.36%
149.19
+3.50%
144.14
+9.27%
131.91
Reconciled Cost Of Revenue
248.18
+66.36%
149.19
+3.50%
144.14
+9.27%
131.91
Gross Profit
-18.90
-18.80%
-15.91
+32.98%
-23.74
-325.73%
10.52
Operating Expense
78.34
+26.51%
61.92
+82.85%
33.87
-41.87%
58.26
Selling General And Administration
78.34
+22.31%
64.05
+89.12%
33.87
-34.25%
51.51
Selling And Marketing Expense
1.75
+150.36%
0.70
+52.85%
0.46
+36.94%
0.33
General And Administrative Expense
76.59
+20.90%
63.35
+89.61%
33.41
-34.71%
51.17
Salaries And Wages
43.00
+33.04%
32.32
+47.08%
21.98
-26.84%
30.04
Other Gand A
23.33
-4.49%
24.43
+229.45%
7.42
-36.96%
11.76
Other Operating Expenses
5.90
-12.55%
6.75
Total Expenses
326.52
+54.67%
211.11
+18.60%
178.01
-6.39%
190.17
Operating Income
-97.24
-24.93%
-77.84
-35.11%
-57.61
-20.68%
-47.74
Total Operating Income As Reported
-149.60
-434.02%
-28.01
+43.97%
-50.00
+82.40%
-284.02
EBITDA
-74.01
-157.30%
129.16
+174.21%
47.10
+144.26%
-106.42
Normalized EBITDA
-21.34
-124.15%
88.36
+154.25%
34.75
+41.80%
24.51
Reconciled Depreciation
122.63
-9.45%
135.42
+60.60%
84.32
+16.44%
72.42
EBIT
-196.64
-3037.24%
-6.27
+83.16%
-37.22
+79.19%
-178.84
Total Unusual Items
-52.67
-229.12%
40.79
+230.39%
12.35
+109.43%
-130.92
Total Unusual Items Excluding Goodwill
-52.67
-229.12%
40.79
+230.39%
12.35
+109.43%
-130.92
Special Income Charges
-1.83
-107.71%
23.81
+84.72%
12.89
+105.30%
-243.03
Other Special Charges
-12.84
Impairment Of Capital Assets
12.25
-86.84%
93.11
Restructuring And Mergern Acquisition
150.81
Write Off
28.44
+683.96%
3.63
-35.26%
5.60
+358.73%
-2.17
Net Income
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Pretax Income
-208.41
-2871.81%
-7.01
+82.51%
-40.09
+79.24%
-193.06
Net Non Operating Interest Income Expense
-8.92
-280.26%
4.95
+307.68%
-2.38
+83.44%
-14.39
Interest Expense Non Operating
11.77
+1480.00%
0.74
-74.00%
2.87
-79.85%
14.22
Net Interest Income
-8.92
-280.26%
4.95
+307.68%
-2.38
+83.44%
-14.39
Interest Expense
11.77
+1480.00%
0.74
-74.00%
2.87
-79.85%
14.22
Interest Income Non Operating
6.29
+4.16%
6.04
+325.14%
1.42
+211.40%
0.46
Interest Income
6.29
+4.16%
6.04
+325.14%
1.42
+211.40%
0.46
Other Income Expense
-102.25
-253.05%
66.81
+235.63%
19.91
+115.20%
-130.92
Other Non Operating Income Expenses
-49.58
-290.57%
26.02
+244.20%
7.56
+248.94%
2.17
Gain On Sale Of Security
-50.84
-399.31%
16.98
+3233.76%
-0.54
-100.48%
112.11
Tax Provision
0.10
-70.81%
0.35
+324.68%
-0.15
+99.12%
-17.41
Tax Rate For Calcs
0.00
-100.00%
0.00
+3804.22%
0.00
-95.78%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
6.12
+12800.25%
0.05
+100.40%
-11.91
Net Income Including Noncontrolling Interests
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Net Income From Continuing Operation Net Minority Interest
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Net Income From Continuing And Discontinued Operation
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Net Income Continuous Operations
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Normalized Income
-155.84
-270.76%
-42.03
+19.53%
-52.23
+7.77%
-56.63
Net Income Common Stockholders
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Diluted EPS
-0.52
-642.86%
-0.07
+66.67%
-0.21
+81.74%
-1.15
Basic EPS
-0.52
-642.86%
-0.07
+66.67%
-0.21
+81.74%
-1.15
Basic Average Shares
551.68
+33.04%
414.67
+58.13%
262.24
+26.15%
207.87
Diluted Average Shares
551.68
+33.04%
414.67
+58.13%
262.24
+26.15%
207.87
Diluted NI Availto Com Stockholders
-208.51
-2733.46%
-7.36
+81.57%
-39.93
+77.26%
-175.64
Gain On Sale Of PPE
26.61
-3.02%
27.44
+384.91%
5.66
+103.72%
-152.09
Insurance And Claims
10.26
+55.45%
6.60
+64.20%
4.02
-57.10%
9.37
Other Taxes
0.00
+100.00%
-2.12
0.00
Total Other Finance Cost
3.44
+902.33%
0.34
-63.43%
0.94
+49.13%
0.63
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,296.34
+95.49%
663.13
+75.10%
378.73
+10.38%
343.10
Current Assets
826.47
+286.68%
213.74
+64.43%
129.98
+88.14%
69.09
Cash Cash Equivalents And Short Term Investments
573.46
+863.12%
59.54
-29.15%
84.04
+172.77%
30.81
Cash And Cash Equivalents
573.46
+863.12%
59.54
-29.15%
84.04
+172.77%
30.81
Cash Financial
573.46
+863.12%
59.54
-29.15%
84.04
+172.77%
30.81
Other Short Term Investments
87.30
+173.92%
31.87
+587.59%
4.63
Receivables
26.77
+383.20%
5.54
+150.95%
2.21
-86.83%
16.77
Accounts Receivable
5.47
+334.55%
1.26
+76.33%
0.71
+1.85%
0.70
Gross Accounts Receivable
5.47
+334.55%
1.26
+64.58%
0.77
+3.66%
0.74
Allowance For Doubtful Accounts Receivable
-0.05
+7.84%
-0.05
-37.84%
-0.04
Other Receivables
1.41
+19.37%
1.18
+70.83%
0.69
+537.96%
0.11
Taxes Receivable
19.90
+540.84%
3.10
+285.71%
0.81
-94.96%
15.96
Inventory
8.68
+663.06%
1.14
+61.28%
0.70
+19.90%
0.59
Raw Materials
5.80
0.00
Prepaid Assets
6.32
-56.60%
14.55
+127.66%
6.39
-50.52%
12.92
Restricted Cash
5.56
-83.07%
32.83
+1462.40%
2.10
-2.19%
2.15
Assets Held For Sale Current
28.66
+204.32%
9.42
+578.60%
1.39
+13.77%
1.22
Hedging Assets Current
2.29
-33.09%
3.42
+166.82%
1.28
0.00
Other Current Assets
174.73
+100.15%
87.30
+173.92%
31.87
+587.59%
4.63
Total Non Current Assets
469.88
+4.56%
449.40
+80.67%
248.74
-9.22%
274.01
Net PPE
391.73
+30.19%
300.89
+25.30%
240.14
-10.40%
268.02
Gross PPE
581.50
+24.99%
465.23
-0.31%
466.66
+12.03%
416.55
Accumulated Depreciation
-189.77
-15.48%
-164.34
+27.45%
-226.52
-52.51%
-148.53
Properties
0.00
0.00
0.00
-100.00%
9.00
Land And Improvements
63.89
+1167.87%
5.04
-12.21%
5.74
+30.69%
4.39
Buildings And Improvements
15.69
Machinery Furniture Equipment
115.67
+6494.41%
1.75
-2.88%
1.81
+34.08%
1.35
Construction In Progress
20.16
-49.66%
40.06
+0.62%
39.81
+23.53%
32.23
Other Properties
367.24
+2.32%
358.93
+1.16%
354.81
+14.97%
308.61
Leases
14.54
-75.55%
59.45
-7.82%
64.49
+5.77%
60.97
Goodwill And Other Intangible Assets
2.98
-35.66%
4.64
+25.30%
3.70
+11112.12%
0.03
Goodwill
0.00
0.00
Other Intangible Assets
4.04
+9.16%
3.70
+11112.12%
0.03
Investments And Advances
1.25
0.00
Non Current Accounts Receivable
2.08
Non Current Deferred Assets
1.67
0.00
0.00
0.00
Non Current Deferred Taxes Assets
0.00
0.00
0.00
Non Current Prepaid Assets
9.55
-49.01%
18.73
+282.15%
4.90
+26.58%
3.87
Other Non Current Assets
57.50
-54.05%
125.14
Total Liabilities Net Minority Interest
735.97
+1315.71%
51.99
-38.08%
83.96
-4.26%
87.70
Current Liabilities
148.11
+426.06%
28.16
-59.29%
69.15
+2.58%
67.41
Payables And Accrued Expenses
46.44
+80.07%
25.79
+18.05%
21.85
+6.37%
20.54
Payables
46.44
+80.07%
25.79
+18.05%
21.85
+6.37%
20.54
Accounts Payable
16.27
+97.68%
8.23
-9.32%
9.08
-29.62%
12.90
Other Payable
30.17
+71.81%
17.56
+50.58%
11.66
+52.56%
7.64
Current Accrued Expenses
3.74
-67.96%
11.66
+52.56%
7.64
Total Tax Payable
0.00
-100.00%
1.11
0.00
Current Debt And Capital Lease Obligation
98.75
+4318.21%
2.23
-67.51%
6.88
-85.27%
46.70
Current Debt
97.02
+66353.42%
0.15
-96.37%
4.02
-90.66%
43.05
Other Current Borrowings
97.02
+66353.42%
0.15
-96.37%
4.02
-90.66%
43.05
Current Capital Lease Obligation
1.73
-17.42%
2.09
-26.88%
2.86
-21.70%
3.65
Other Current Liabilities
2.92
+2182.81%
0.13
-99.68%
40.43
+23820.71%
0.17
Total Non Current Liabilities Net Minority Interest
587.86
+2366.77%
23.83
+60.92%
14.81
-27.00%
20.29
Long Term Debt And Capital Lease Obligation
585.03
+2662.19%
21.18
+63.01%
12.99
-29.03%
18.31
Long Term Debt
572.45
+39931.26%
1.43
4.09
Long Term Capital Lease Obligation
12.58
-36.28%
19.75
+52.00%
12.99
-8.60%
14.21
Long Term Provisions
2.11
+15.97%
1.82
-8.24%
1.98
Non Current Deferred Liabilities
0.07
+0.00%
0.07
0.00
0.00
Non Current Deferred Taxes Liabilities
0.07
+0.00%
0.07
0.00
0.00
Other Non Current Liabilities
2.76
+6.77%
2.59
Stockholders Equity
560.38
-8.31%
611.15
+107.34%
294.76
+15.41%
255.40
Common Stock Equity
560.38
-8.31%
611.15
+107.34%
294.76
+15.41%
255.40
Capital Stock
1,064.57
+27.07%
837.76
+56.59%
535.01
+32.12%
404.93
Common Stock
1,064.57
+27.07%
837.76
+56.59%
535.01
+32.12%
404.93
Share Issued
601.58
+25.50%
479.33
+43.45%
334.15
+49.04%
224.20
Ordinary Shares Number
601.58
+25.50%
479.33
+43.45%
334.15
+49.04%
224.20
Additional Paid In Capital
108.28
+6.87%
101.32
+78.94%
56.62
+18.82%
47.65
Retained Earnings
-612.48
-86.77%
-327.94
-9.38%
-299.81
-52.04%
-197.19
Gains Losses Not Affecting Retained Earnings
22.70
+671.68%
2.94
0.00
Other Equity Adjustments
65.51
Total Equity Gross Minority Interest
560.38
-8.31%
611.15
+107.34%
294.76
+15.41%
255.40
Total Capitalization
1,132.82
+84.93%
612.58
+107.82%
294.76
+13.59%
259.49
Working Capital
678.35
+265.53%
185.58
+205.08%
60.83
+3531.64%
1.68
Invested Capital
1,229.84
+100.72%
612.72
+105.07%
298.78
-1.24%
302.55
Total Debt
683.78
+2820.26%
23.41
+17.83%
19.87
-69.43%
65.01
Net Debt
96.01
16.34
Capital Lease Obligations
14.31
-34.48%
21.84
+37.79%
15.85
-11.27%
17.86
Net Tangible Assets
557.39
-8.10%
606.51
+108.38%
291.06
+13.98%
255.37
Tangible Book Value
557.39
-8.10%
606.51
+108.38%
291.06
+13.98%
255.37
Available For Sale Securities
1.25
Financial Assets
5.20
0.00
Fixed Assets Revaluation Reserve
22.70
+671.68%
2.94
0.00
Investmentin Financial Assets
1.25
0.00
Line Of Credit
0.00
0.00
Other Inventories
2.87
+152.51%
1.14
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-226.59
-59.90%
-141.71
-32.58%
-106.89
+12.69%
-122.42
Cash Flow From Continuing Operating Activities
-226.59
-59.90%
-141.71
-32.58%
-106.89
+12.69%
-122.42
Net Income From Continuing Operations
-284.54
-903.15%
-28.36
+48.90%
-55.51
+68.40%
-175.64
Depreciation Amortization Depletion
122.63
-9.45%
135.42
+60.60%
84.32
+16.44%
72.42
Depreciation
121.92
-9.55%
134.79
+60.13%
84.17
Amortization Cash Flow
0.71
+12.32%
0.63
+327.70%
0.15
Depreciation And Amortization
122.63
-9.45%
135.42
+60.60%
84.32
+16.44%
72.42
Amortization Of Intangibles
0.71
+12.32%
0.63
+327.70%
0.15
Other Non Cash Items
-203.24
+1.29%
-205.90
-37.32%
-149.94
+39.46%
-247.68
Stock Based Compensation
14.98
+18.16%
12.68
+16.18%
10.91
-49.90%
21.79
Asset Impairment Charge
101.84
+2707.14%
3.63
-71.17%
12.59
-86.48%
93.11
Deferred Tax
0.41
+123.94%
-1.70
-112.27%
13.82
+142.70%
-32.37
Deferred Income Tax
0.41
+123.94%
-1.70
-112.27%
13.82
+142.70%
-32.37
Operating Gains Losses
-33.68
-20.70%
-27.90
-356.26%
-6.12
-104.02%
152.09
Gain Loss On Investment Securities
-28.22
-3.71%
-27.21
-252.77%
-7.71
-105.11%
150.81
Unrealized Gain Loss On Investment Securities
50.52
+294.20%
-26.02
-244.20%
-7.56
-248.94%
-2.17
Net Foreign Currency Exchange Gain Loss
1.48
-81.11%
7.84
Gain Loss On Sale Of PPE
0.34
-81.10%
1.78
+39.23%
1.28
Change In Working Capital
1.11
+114.85%
-7.48
-374.46%
2.73
+168.50%
-3.98
Change In Receivables
-1.50
-175.78%
-0.55
-4092.31%
-0.01
-103.03%
0.43
Changes In Account Receivables
-1.50
-175.78%
-0.55
-4092.31%
-0.01
-103.03%
0.43
Change In Inventory
-4.99
-949.47%
-0.47
-305.98%
-0.12
Change In Prepaid Assets
-0.02
-100.35%
5.47
+1201.67%
0.42
+123.40%
0.19
Change In Payables And Accrued Expense
-2.45
+84.67%
-16.00
-4145.36%
-0.38
-1078.13%
-0.03
Change In Payable
-2.45
+84.67%
-16.00
-4145.36%
-0.38
-1078.13%
-0.03
Change In Account Payable
-2.05
+87.06%
-15.83
-2869.42%
-0.53
-667.02%
0.09
Change In Other Current Assets
9.99
+326.47%
2.34
+112.14%
1.10
+124.19%
-4.56
Change In Other Current Liabilities
0.08
-95.16%
1.74
+1.70%
1.71
Investing Cash Flow
103.74
+158.16%
-178.39
-351.37%
70.97
+1837.37%
3.66
Cash Flow From Continuing Investing Activities
103.74
+158.16%
-178.39
-351.37%
70.97
+1837.37%
3.66
Net PPE Purchase And Sale
-85.90
+74.31%
-334.39
-390.36%
-68.19
+63.03%
-184.48
Purchase Of PPE
-120.46
+64.56%
-339.85
-376.62%
-71.31
+63.43%
-194.98
Sale Of PPE
34.56
+533.06%
5.46
+75.51%
3.11
-70.37%
10.50
Capital Expenditure
-120.46
+64.56%
-339.85
-376.62%
-71.31
+63.43%
-194.98
Net Investment Purchase And Sale
15.38
-89.05%
140.49
-0.75%
141.55
-24.76%
188.14
Purchase Of Investment
-189.67
-421.98%
-36.34
-0.20%
-36.26
+81.31%
-193.97
Sale Of Investment
205.05
+15.97%
176.82
-0.56%
177.82
-53.46%
382.11
Net Business Purchase And Sale
14.95
0.00
0.00
0.00
Purchase Of Business
-48.08
0.00
0.00
0.00
Net Other Investing Changes
159.30
+926.42%
15.52
+748.29%
-2.39
Financing Cash Flow
694.28
+134.87%
295.61
+231.94%
89.05
+270.90%
24.01
Cash Flow From Continuing Financing Activities
694.28
+134.87%
295.61
+231.94%
89.05
+270.90%
24.01
Net Issuance Payments Of Debt
664.86
+18961.39%
-3.52
+89.32%
-33.00
-9.66%
-30.10
Issuance Of Debt
666.47
+39219.71%
1.70
0.00
-100.00%
107.20
Repayment Of Debt
-1.60
+69.25%
-5.22
+84.18%
-33.00
+75.96%
-137.30
Long Term Debt Issuance
666.47
+39219.71%
1.70
0.00
-100.00%
67.20
Long Term Debt Payments
-1.60
+69.25%
-5.22
+84.18%
-33.00
+11.52%
-37.30
Net Long Term Debt Issuance
664.86
+18961.39%
-3.52
+89.32%
-33.00
-210.37%
29.90
Short Term Debt Issuance
0.00
-100.00%
40.00
Short Term Debt Payments
0.00
+100.00%
-100.00
Net Short Term Debt Issuance
0.00
+100.00%
-60.00
Net Common Stock Issuance
62.79
-78.31%
289.53
+165.45%
109.07
+101.67%
54.09
Common Stock Payments
-9.95
0.00
0.00
Repurchase Of Capital Stock
-9.95
0.00
0.00
Proceeds From Stock Option Exercised
35.71
+302.02%
8.88
-31.58%
12.98
+61723.81%
0.02
Net Other Financing Charges
-69.09
-9776.47%
0.71
Changes In Cash
571.43
+2433.50%
-24.49
-146.09%
53.13
+156.08%
-94.75
Effect Of Exchange Rate Changes
-0.01
+0.00%
-0.01
-144.44%
0.02
-58.14%
0.04
Beginning Cash Position
59.54
-29.15%
84.04
+172.08%
30.89
-75.41%
125.59
End Cash Position
630.96
+959.69%
59.54
-29.15%
84.04
+172.08%
30.89
Free Cash Flow
-347.06
+27.93%
-481.56
-170.25%
-178.19
+43.86%
-317.40
Change In Income Tax Payable
-0.41
-128.09%
-0.18
-214.10%
0.16
+223.81%
-0.13
Change In Tax Payable
-0.41
-128.09%
-0.18
-214.10%
0.16
+223.81%
-0.13
Common Stock Issuance
72.75
-74.87%
289.53
+165.45%
109.07
+101.67%
54.09
Interest Paid CFO
-1.26
+27.56%
-1.74
+87.52%
-13.92
Interest Received CFO
4.63
-18.11%
5.65
+216.12%
1.79
Issuance Of Capital Stock
72.75
-74.87%
289.53
+165.45%
109.07
+101.67%
54.09
Sale Of Business
63.04
0.00
0.00
SEC Filings

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