Keel Infrastructure Corp. (KEEL)KEELKeel Infrastructure Corp.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	575.646M	575.646M	826.465M	374.710M	278.261M	224.264M	213.709M	189.047M	237.289M
Cash & Cash Equivalents	357.277M	357.277M	573.462M	86.952M	85.439M	38.546M	59.542M	72.913M	138.619M
Short-Term Investments	0.00	0.00	0.00	171.278M	59.029M	94.112M	87.298M	72.629M	56.748M
Cash & Short-Term Investments	357.277M	357.277M	573.462M	258.230M	144.468M	132.658M	146.840M	145.542M	195.367M
Accounts Receivable	5.357M	5.357M	5.471M	12.965M	19.500M	32.858M	8.968M	13.309M	18.812M
Inventory	10.410M	10.410M	8.676M	6.979M	7.112M	4.886M	1.179M	1.175M	1.076M
Total Assets	1.067B	1.067B	1.296B	801.279M	827.950M	777.003M	667.616M	586.625M	535.934M
Property, Plant & Equipment	361.270M	361.270M	371.563M	381.725M	501.426M	535.426M	423.399M	373.372M	281.386M
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	3.025M	3.025M	2.983M	2.739M	3.449M	3.582M	4.039M	4.208M	4.378M
Long-Term Investments	0.00	0.00	1.250M	869K	872K	0.00	0.00	0.00	0.00
Total Current Liabilities	59.944M	59.944M	148.112M	117.052M	89.470M	85.031M	36.270M	51.092M	46.434M
Accounts Payable	0.00	0.00	0.00	36.176M	35.709M	44.087M	21.915M	31.690M	20.908M
Short-Term Debt	6.035M	6.035M	98.747M	607K	581K	520K	146K	0.00	164K
Total Liabilities	647.576M	647.576M	735.969M	189.923M	165.464M	112.294M	59.621M	74.601M	62.057M
Long-Term Debt	584.935M	584.935M	585.031M	50.843M	50.999M	1.915M	1.430M	1.530M	1.487M
Total Debt	590.970M	590.970M	683.778M	73.684M	74.909M	25.688M	23.415M	23.955M	15.867M
Net Debt (Cash)	233.693M	233.693M	110.316M	-13.268M	-10.530M	-12.858M	-36.127M	-48.958M	-122.752M
Total Shareholders' Equity	419.135M	419.135M	560.375M	611.356M	662.486M	664.709M	607.995M	512.024M	473.877M
Common Stock	1.066B	1.066B	1.065B	969.438M	947.329M	942.150M	852.286M	796.751M	727.055M
Retained Earnings	-757.834M	-757.834M	-612.481M	-459.114M	-383.992M	-366.892M	-334.507M	-351.823M	-315.739M
Current Ratio	9.60	9.60	5.58	3.20	3.11	2.64	5.89	3.70	5.11
Debt to Equity Ratio	1.41	1.41	1.22	0.12	0.11	0.04	0.04	0.05	0.03

Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	826.465M	213.709M	129.984M	69.088M	287.127M	9.168M	6.550M	3.295M
Cash & Cash Equivalents	573.462M	59.542M	84.038M	30.809M	125.595M	5.947M	2.159M	552K
Short-Term Investments	0.00	87.298M	0.00	4.635M	66.031M	0.00	0.00	0.00
Cash & Short-Term Investments	573.462M	146.840M	84.038M	35.444M	191.626M	5.947M	2.159M	552K
Accounts Receivable	5.471M	8.968M	714K	16.767M	1.038M	1.400M	3.691M	1.257M
Inventory	8.676M	1.179M	705K	588K	548K	169K	135K	124K
Total Assets	1.296B	667.616M	378.725M	343.098M	542.587M	51.704M	52.856M	26.233M
Property, Plant & Equipment	371.563M	423.399M	200.327M	268.022M	146.247M	41.217M	44.134M	20.862M
Goodwill	0.00	0.00	0.00	0.00	16.955M	0.00	0.00	0.00
Intangible Assets	2.983M	4.039M	3.700M	33K	1.681M	377K	675K	1.013M
Long-Term Investments	1.250M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	148.112M	36.270M	69.154M	67.413M	164.753M	28.477M	4.009M	4.656M
Accounts Payable	0.00	21.915M	9.077M	12.897M	14.480M	2.059M	2.287M	1.908M
Short-Term Debt	98.747M	146K	4.022M	43.054M	70.259M	17.171M	874K	1.025M
Total Liabilities	735.969M	59.621M	83.963M	87.700M	183.580M	36.257M	24.768M	5.581M
Long-Term Debt	585.031M	1.430M	0.00	4.093M	910K	174K	14.849M	693K
Total Debt	683.778M	23.415M	19.872M	65.011M	84.742M	28.368M	22.186M	1.718M
Net Debt (Cash)	110.316M	-36.127M	-64.166M	34.202M	-40.853M	22.421M	20.027M	1.166M
Total Shareholders' Equity	560.375M	607.995M	294.762M	255.398M	359.007M	15.447M	28.088M	15.443M
Common Stock	1.065B	852.286M	535.009M	404.934M	354.707M	32.004M	30.475M	162K
Retained Earnings	-612.481M	-334.507M	-299.810M	-197.189M	-21.545M	-22.145M	-5.856M	-8.755M
Current Ratio	5.58	5.89	1.88	1.02	1.74	0.32	1.63	0.71
Debt to Equity Ratio	1.22	0.04	0.07	0.25	0.24	1.84	0.79	0.11

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Keel Infrastructure Corp.

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.

New York, NY

274 employees

www.keelinfra.com

Technology / Software - Services

Sector: Technology
Industry: Software - Services
CEO: Benjamin Gagnon

View full financials