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Keel Infrastructure Corp. logo

Keel Infrastructure Corp.

KEEL

NASDAQTechnologyInformation Technology Services

Open in GoAI

Previous close

$3.32

−$0.05 · -1.48%

Aug 21, 4:00 PM ET

KEEL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

21

Expensive

Momentum

57

Neutral

Sentiment

55

Mixed

Risk resilience

19

Extreme Risk

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Company profile

Company website

Keel Infrastructure Corp. operates as a digital infrastructure and energy company that develops and owns data centers and energy infrastructure for computing workloads, including AI in North America. The company was founded in 2017 and is headquartered in New York, New York.

Industry
Information Technology Services
Sector
Technology
Headquarters
US
CEO
Benjamin Gagnon
Listed since
Aug 16, 2019
Employees
274

Market position

Day range

Current $3.32

52-week range

Current $3.32

Open
$3.51
Previous close
$3.37
Volume
48.39M
1.15× average
Average volume
42.26M
Average daily volume
Market cap
2B USD
Beta
4.11
Market reference 1
50-day average
$2.2042
+50.62% above average
200-day average
$2.3635
+40.47% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.41B USD
P/E (TTM)
-4.43×
P/B (TTM)
6.11×
P/S (TTM)
13.18×
EV / EBITDA
57.66×
Earnings yield
-21.95%
Free cash flow yield
-25.21%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-82.83%
Operating margin
-178.58%
Net margin
-282.92%
Return on equity
-50.78%
Return on assets
-21.95%
Return on invested capital
-12.00%

Financial health

Debt / equity
3.16×
Current ratio
5.58×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends92%-14%-120%-226%Gross margin, FY2021: 65.56%Gross margin, FY2022: 7.38%Gross margin, FY2023: -14.69%Gross margin, FY2024: -16.78%Gross margin, FY2025: -8.25%Operating margin, FY2021: 37.55%Operating margin, FY2022: -199.41%Operating margin, FY2023: -49.28%Operating margin, FY2024: -55.77%Operating margin, FY2025: -65.25%Net margin, FY2021: 13.06%Net margin, FY2022: -123.32%Net margin, FY2023: -74.42%Net margin, FY2024: -28.03%Net margin, FY2025: -124.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 65.56%. Gross margin FY2022 7.38%. Gross margin FY2023 -14.69%. Gross margin FY2024 -16.78%. Gross margin FY2025 -8.25%. Operating margin FY2021 37.55%. Operating margin FY2022 -199.41%. Operating margin FY2023 -49.28%. Operating margin FY2024 -55.77%. Operating margin FY2025 -65.25%. Net margin FY2021 13.06%. Net margin FY2022 -123.32%. Net margin FY2023 -74.42%. Net margin FY2024 -28.03%. Net margin FY2025 -124.11%.

Income trends

Revenue

229.28M USD+18.87%

Operating income

−149.6M USD-39.08%

Net income

−284.54M USD-426.32%
Income trends across reported periods280.66M USD75.13M USD−130.4M USD−335.93M USDRevenue, FY2021: 169.49M USDRevenue, FY2022: 142.43M USDRevenue, FY2023: 146.37M USDRevenue, FY2024: 192.88M USDRevenue, FY2025: 229.28M USDOperating income, FY2021: 63.64M USDOperating income, FY2022: −284.02M USDOperating income, FY2023: −72.13M USDOperating income, FY2024: −107.56M USDOperating income, FY2025: −149.6M USDNet income, FY2021: 22.13M USDNet income, FY2022: −175.64M USDNet income, FY2023: −108.92M USDNet income, FY2024: −54.06M USDNet income, FY2025: −284.54M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 169.49M USD. Revenue FY2022 142.43M USD. Revenue FY2023 146.37M USD. Revenue FY2024 192.88M USD. Revenue FY2025 229.28M USD. Operating income FY2021 63.64M USD. Operating income FY2022 −284.02M USD. Operating income FY2023 −72.13M USD. Operating income FY2024 −107.56M USD. Operating income FY2025 −149.6M USD. Net income FY2021 22.13M USD. Net income FY2022 −175.64M USD. Net income FY2023 −108.92M USD. Net income FY2024 −54.06M USD. Net income FY2025 −284.54M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue229.28M USD192.88M USD146.37M USD142.43M USD169.49M USD
Cost of goods sold248.18M USD225.24M USD167.87M USD131.91M USD58.37M USD
Gross profit−18.9M USD−32.36M USD−21.5M USD10.52M USD111.12M USD
Selling, general, and administrative78.34M USD73.38M USD39.29M USD51.51M USD43.24M USD
Operating expenses130.7M USD75.2M USD50.63M USD294.54M USD47.48M USD
Interest income6.29M USD6.04M USD1.42M USD456K USD—
Interest expense8.62M USD1.74M USD4.08M USD14.22M USD3.42M USD
Depreciation and amortization121.64M USD140.97M USD84.79M USD72.42M USD24.48M USD
Operating income−149.6M USD−107.56M USD−72.13M USD−284.02M USD63.64M USD
Net income−284.54M USD−54.06M USD−108.92M USD−175.64M USD22.13M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$5.60

68.67% upside
Past 12 months12-month forecastHigh $8.00Average $5.60Low $3.00

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ETFs holding KEEL

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
50.93M
Weight
0.06%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
30.4M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
23.69M
Weight
0.02%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
22M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
13.98M
Weight
0.02%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
13.76M
Weight
0.09%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
13.16M
Weight
0.07%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
CoinShares Bitcoin Mining ETF logoCoinShares Bitcoin Mining ETFWGMI
Market value
13.1M
Weight
5.66%
AUM
240.4M USD
Expense ratio
0.75%
Price / 1D
$45.73-2.54%

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