KEELKeel Infrastructure Corp.
Finance Services
- Revenue
- $229M
- 72% YoY
- Operating margin
- -65.2%
- 210% YoY
- EBITDA
- −$27M
- 125% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $310M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear7% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | — | $120M | $133M | $229M | 72% |
| Operating income | — | — | −$50M | −$28M | −$150M | 434% |
| Net income | — | — | −$56M | −$28M | −$285M | 903% |
| Operating cash flow | — | — | −$107M | −$142M | −$227M | 60% |
| Capex | — | — | $48M | $287M | $100M | 65% |
| Stock-based comp | — | — | $11M | $13M | $15M | 18% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.