KEEL
Neutral signal
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Supports a bullish reading. Open-market purchases outweigh sales
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Financial indicators Unavailable or mixed. Current ratio 5.58 · operating margin -65% — readings disagree
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. Weekly bias is flat
ACHAT TOTAL: 97 776 titres (~325 594,08 $ US)
- Insiders
- Gagnon Benjamin
- Total bought
-
$325,594
Avg buy (VWAP, 90d window) $3.39 vs last close $3.80 (+12.1%)
- Total sold
-
—
Avg sell (VWAP, 90d window) —
- Last activity
- 2026-08-21
- Liquidity
- Liquid $127,815,637/day · 20d vol
- Last synced
-
2026-09-25 21:10:36
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-08-21 | Gagnon Benjamin | Buy | 38,888 | $3.33 | $129,497 | Form 4 |
| 2026-08-20 | WILSON LIAM DANIEL | Buy | 30,769 | $3.25 | $99,999 | Form 4 |
| 2026-08-17 | WILSON LIAM DANIEL | Buy | 26,472 | $3.78 | $100,064 | Form 4 |
| 2026-08-13 | Gagnon Benjamin | Buy | 58,888 | $3.33 | $196,097 | Form 4 |
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Market snapshot
Signal
Neutral signalScored 2026-09-20
KEEL presents a deeply distressed financial profile with persistent operating losses, negative cash flow generation, and a deteriorating capital structure that severely undermines any bullish catalyst.
The first sentence of the analysis written for KEEL on 2026-09-20 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | -8.2% | -16.8% | -14.7% | 7.4% | 65.6% | |
| Ebit Margin | -42.4% | -34.5% | -69.8% | -125.6% | 27.2% | |
| Ebitda Margin | 10.6% | 38.5% | -11.9% | -74.7% | 41.6% | |
| Operating Profit Margin | -65.2% | -55.8% | -49.3% | -199.4% | 37.5% | |
| Pretax Profit Margin | -90.9% | -35.4% | -74.7% | -135.5% | 25.2% | |
| Continuous Operations Profit Margin | -90.9% | -28.0% | -74.4% | -123.3% | 13.1% | |
| Net Profit Margin | -124.1% | -28.0% | -74.4% | -123.3% | 13.1% | |
| Bottom Line Profit Margin | -124.1% | -28.0% | -74.4% | -123.3% | 13.1% | |
| Current Ratio | 5.580 | 5.892 | 1.880 | 1.025 | 1.743 | |
| Quick Ratio | 5.521 | 5.860 | 1.869 | 1.016 | 1.739 | |
| Solvency Ratio | -0.221 | 1.458 | -0.287 | -1.177 | 0.254 | |
| Cash Ratio | 3.872 | 1.642 | 1.215 | 0.457 | 0.762 | |
| Price To Earnings Ratio | -4.519 | -11.462 | -6.929 | -0.518 | 36.071 | |
| Price To Earnings Growth Ratio | -0.015 | 0.166 | 0.137 | 0.001 | -0.208 | |
| Forward Price To Earnings Growth Ratio | -0.015 | 0.166 | 0.137 | 0.001 | -0.208 | |
| Price To Earnings Diluted Ratio | -4.519 | -11.462 | -6.929 | -0.518 | 38.846 | |
| Price To Earnings Diluted Growth Ratio | -0.015 | 0.166 | 0.137 | 0.001 | -0.231 | |
| Price To Book Ratio | 2.314 | 1.016 | 2.589 | 0.358 | 2.218 | |
| Price To Sales Ratio | 5.654 | 3.203 | 5.214 | 0.642 | 4.697 | |
| Price To Free Cash Flow Ratio | -3.966 | -1.286 | -4.311 | -0.576 | -3.455 | |
| Price To Operating Cash Flow Ratio | -5.721 | -4.396 | -7.219 | 2.522 | -21.419 | |
| Debt To Assets Ratio | 0.527 | 0.035 | 0.052 | 0.189 | 0.156 | |
| Debt To Equity Ratio | 1.220 | 0.039 | 0.067 | 0.255 | 0.236 | |
| Debt To Capital Ratio | 0.550 | 0.037 | 0.063 | 0.203 | 0.191 | |
| Long Term Debt To Capital Ratio | 0.505 | 0.002 | 0.000 | 0.016 | 0.003 | |
| Financial Leverage Ratio | 2.313 | 1.098 | 1.285 | 1.343 | 1.511 | |
| Working Capital Turnover Ratio | 0.536 | 1.619 | 4.683 | 2.296 | 3.289 | |
| Operating Cash Flow Ratio | -1.530 | -3.875 | -1.529 | 0.538 | -0.226 | |
| Operating Cash Flow Sales Ratio | -0.988 | -0.729 | -0.722 | 0.255 | -0.219 | |
| Free Cash Flow Operating Cash Flow Ratio | 1.443 | 3.418 | 1.675 | -4.379 | 6.199 | |
| Debt Service Coverage Ratio | 0.230 | 47.050 | -2.100 | -1.554 | 0.679 | |
| Interest Coverage Ratio | -17.349 | -61.889 | -17.683 | -19.972 | 18.608 | |
| Short Term Operating Cash Flow Coverage Ratio | -2.335 | -962.753 | -26.283 | 0.842 | -0.529 | |
| Operating Cash Flow Coverage Ratio | -0.331 | -6.003 | -5.320 | 0.558 | -0.439 | |
| Capital Expenditure Coverage Ratio | -2.259 | -0.414 | -1.483 | 0.186 | -0.192 | |
| Dividend Paid And Capex Coverage Ratio | -2.259 | -0.414 | -1.483 | 0.186 | -0.192 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 57.661 | 7.824 | -40.138 | -1.181 | 10.708 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | -8.2% | ▲8.5% | ▼-14.9% |
| Ebit Margin | -42.4% | ▼-7.9% | ▲6.6% |
| Ebitda Margin | 10.6% | ▼-27.9% | ▲9.8% |
| Operating Profit Margin | -65.2% | ▼-9.5% | ▲1.2% |
| Pretax Profit Margin | -90.9% | ▼-55.5% | ▼-28.6% |
| Continuous Operations Profit Margin | -90.9% | ▼-62.9% | ▼-30.2% |
| Net Profit Margin | -124.1% | ▼-96.1% | ▼-56.7% |
| Bottom Line Profit Margin | -124.1% | ▼-96.1% | ▼-56.7% |
| Current Ratio | 5.580 | ▼-0.312 | ▲2.356 |
| Quick Ratio | 5.521 | ▼-0.338 | ▲2.320 |
| Solvency Ratio | -0.221 | ▼-1.679 | ▼-0.227 |
| Cash Ratio | 3.872 | ▲2.230 | ▲2.282 |
| Price To Earnings Ratio | -4.519 | ▲6.942 | ▼-7.048 |
| Price To Earnings Growth Ratio | -0.015 | ▼-0.181 | ▼-0.031 |
| Forward Price To Earnings Growth Ratio | -0.015 | ▼-0.181 | ▼-0.031 |
| Price To Earnings Diluted Ratio | -4.519 | ▲6.942 | ▼-7.603 |
| Price To Earnings Diluted Growth Ratio | -0.015 | ▼-0.181 | ▼-0.027 |
| Price To Book Ratio | 2.313 | ▲1.297 | ▲0.615 |
| Price To Sales Ratio | 5.654 | ▲2.451 | ▲1.772 |
| Price To Free Cash Flow Ratio | -3.966 | ▼-2.680 | ▼-1.247 |
| Price To Operating Cash Flow Ratio | -5.721 | ▼-1.326 | ▲1.525 |
| Debt To Assets Ratio | 0.527 | ▲0.492 | ▲0.335 |
| Debt To Equity Ratio | 1.220 | ▲1.182 | ▲0.857 |
| Debt To Capital Ratio | 0.550 | ▲0.512 | ▲0.341 |
| Long Term Debt To Capital Ratio | 0.505 | ▲0.503 | ▲0.400 |
| Financial Leverage Ratio | 2.313 | ▲1.215 | ▲0.803 |
| Working Capital Turnover Ratio | 0.536 | ▼-1.083 | ▼-1.949 |
| Operating Cash Flow Ratio | -1.530 | ▲2.346 | ▼-0.205 |
| Operating Cash Flow Sales Ratio | -0.988 | ▼-0.260 | ▼-0.507 |
| Free Cash Flow Operating Cash Flow Ratio | 1.443 | ▼-1.975 | ▼-0.229 |
| Debt Service Coverage Ratio | 0.230 | ▼-46.820 | ▼-8.631 |
| Interest Coverage Ratio | -17.349 | ▲44.540 | ▲2.308 |
| Short Term Operating Cash Flow Coverage Ratio | -2.336 | ▲960.418 | ▲195.876 |
| Operating Cash Flow Coverage Ratio | -0.331 | ▲5.672 | ▲1.976 |
| Capital Expenditure Coverage Ratio | -2.259 | ▼-1.846 | ▼-1.427 |
| Dividend Paid And Capex Coverage Ratio | -2.259 | ▼-1.846 | ▼-1.427 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 57.661 | ▲49.837 | ▲50.686 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $1.30B | $617.9M | $763.1M | $91.4M | $796.1M | |
| Enterprise value | $1.41B | $581.7M | $698.9M | $125.6M | $755.3M | |
| EV / Sales | 6.14x | 3.02x | 4.78x | 0.88x | 4.46x | |
| EV / Op. cash flow | -6.21x | -4.14x | -6.61x | 3.46x | -20.32x | |
| EV / Free cash flow | -4.30x | -1.21x | -3.95x | -0.79x | -3.28x | |
| EV / EBITDA | 57.66x | 7.82x | -40.14x | -1.18x | 10.71x | |
| Net debt / EBITDA | 4.52x | -0.49x | 3.69x | -0.32x | -0.58x | |
| Current ratio | 5.58x | 5.89x | 1.88x | 1.02x | 1.74x | |
| Income quality | 0.80x | 2.60x | 0.97x | -0.15x | -1.68x | |
| Graham number | — | — | — | — | $3 | |
| Graham net-net | -$0 | $0 | $0 | -$0 | $0 | |
| Tax burden | 136.5% | 79.1% | 99.6% | 91.0% | 51.9% | |
| Interest burden | 214.3% | 102.6% | 107.0% | 108.0% | 92.6% | |
| Working capital | $678.4M | $177.4M | $60.8M | $1.7M | $122.4M | |
| Invested capital | $1.05B | $604.9M | $264.9M | $269.7M | $287.3M | |
| Return on assets | -21.9% | -8.1% | -28.8% | -51.2% | 4.1% | |
| Operating ROA | -15.2% | -20.6% | -20.0% | -64.1% | 21.4% | |
| Return on tangible assets | -22.0% | -8.1% | -29.0% | -51.2% | 4.2% | |
| Return on equity | -50.8% | -8.9% | -37.0% | -68.8% | 6.2% | |
| Return on invested capital | -12.0% | -13.4% | -22.7% | -80.2% | 7.3% | |
| Return on capital employed | -13.0% | -17.0% | -23.3% | -103.0% | 16.8% | |
| Earnings yield | -21.9% | -8.8% | -14.3% | -192.1% | 2.8% | |
| Free cash flow yield | -25.2% | -77.8% | -23.2% | -173.6% | -28.9% | |
| Capex / Op. cash flow | -44.3% | -241.8% | -67.5% | 537.9% | -519.9% | |
| Capex / Depreciation | 81.8% | 241.1% | 84.1% | 269.2% | 789.6% | |
| Capex / Sales | 43.7% | 176.2% | 48.7% | 136.9% | 114.0% | |
| SG&A / Sales | 34.2% | 38.0% | 26.8% | 36.2% | 25.5% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 6.5% | 7.2% | 7.5% | 15.3% | 13.3% | |
| Intangibles / Total assets | 0.2% | 0.6% | 1.0% | 0.0% | 3.4% | |
| Days sales outstanding | 9d | 17d | 2d | 43d | 2d | |
| Days payables outstanding | 24d | 36d | 20d | 36d | 91d | |
| Operating cycle | 21d | 19d | 3d | 45d | 6d | |
| Cash conversion cycle | -2d | -17d | -16d | 9d | -85d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▲+109.8%EV / Sales ▲+103.4%EV / EBITDA ▲+637.0%EV / Op. cash flow ▼-2.070Earnings yield ▼-0.132
Profitability
Return on equity ▼-0.419Return on assets ▼-0.139Return on invested capital ▲+0.014Return on capital employed ▲+0.040Operating ROA ▲+0.053Income quality ▼-1.804Tax burden ▲+0.574
Efficiency
Days sales outstanding ▼-8.261Days payables outstanding ▼-11.583Operating cycle ▲+2.588Cash conversion cycle ▲+14.171Capex / Sales ▼-1.325R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.312Net debt / EBITDA ▲+5.008Working capital ▲+500914000.000Invested capital ▲+448022000.000Intangibles / Total assets ▼-0.004
Change over 5 years
Valuation
Market cap ▲+62.8%EV / Sales ▲+37.7%EV / EBITDA ▲+438.5%EV / Op. cash flow ▲+14.112Earnings yield ▼-0.247
Profitability
Return on equity ▼-0.569Return on assets ▼-0.260Return on invested capital ▼-0.193Return on capital employed ▼-0.299Operating ROA ▼-0.367Income quality ▲+2.476Tax burden ▲+0.846
Efficiency
Days sales outstanding ▲+6.474Days payables outstanding ▼-66.615Operating cycle ▲+15.807Cash conversion cycle ▲+82.423Capex / Sales ▼-0.703R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+3.837Net debt / EBITDA ▲+5.101Working capital ▲+555979000.000Invested capital ▲+765642000.000Intangibles / Total assets ▼-0.032
Employee count
Peer market caps
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent news
- 2026-08-20 Keel Infrastructure Supports Governor Shapiro''s GRID Standards for Responsible Data Center Development Panther Creek and Sharon permitting continue to proceed on schedule and are unaffected by Executive Order 2026-05 Panther Creek and Sharon permitting continue to proceed on schedule and are unaffected by Executive Order 2026-05
- 2026-08-19 Financial Comparison: Exzeo Group (NYSE:XZO) and Keel Infrastructure (NASDAQ:KEEL) Keel Infrastructure (NASDAQ: KEEL - Get Free Report) and Exzeo Group (NYSE: XZO - Get Free Report) are both technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, dividends, profitability, valuation, earnings, risk and institutional ownership. Analyst Recommendations This is a breakdown of current
- 2026-08-11 KEEL Q2 Earnings Call Highlights 2027 Power and Leasing Push KEEL is pressing 2027 power availability to deepen lease talks at Moses Lake, Sharon and Panther Creek as permits and expansion plans advance.
- 2026-08-11 Keel Infrastructure: Beware Delta-Of-Ruin Profile Keel Infrastructure is rated Avoid/Hold due to a high-risk capital structure and regulatory headwinds threatening long-term viability. KEEL''s strategy to withhold 2027 capacity aims to extract premium lease rates but exposes the company to liquidity burn and refinancing risks. Regulatory crackdowns on behind-the-meter load defection, especially FERC/PJM tariffs, could compress margins and disrupt the company''s yield-on-cost assumptions.
- 2026-08-10 Why Keel Infrastructure Stock Dived by Over 12% Today Its pivot into advanced data center operations is going slowly. It was first announced in 2025.
- 2026-08-10 Keel Infrastructure Q2 Earnings Miss Estimates as Bitcoin Wind-Down Continues Keel Infrastructure Corp. (NASDAQ:KEEL) shares are trading lower after the company reported weaker-than-expected second quarter results.
- 2026-08-10 Keel Infrastructure Corp. (KEEL) Q2 2026 Earnings Call Transcript Keel Infrastructure Corp. (KEEL) Q2 2026 Earnings Call Transcript
- 2026-08-05 KEEL Gears Up to Report Q2 Earnings: Here''s What Investors Should Know Keel Infrastructure''s Q2 revenues are expected to plunge 55.1% y/y as its HPC and AI data-center pivot pressures mining sales and raises operating costs.
- 2026-07-31 Missed Out On Nebius? This Former Crypto Miner Might Be Your Second Chance. Keel has a 2.2-gigawatt pipeline and intends to secure three hyperscaler leases by the end of the year. Its multi-year plan is poised to produce high revenue growth in 2027 and beyond.
- 2026-07-27 Keel Infrastructure Schedules Second Quarter 2026 Conference Call on August 10, 2026 NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) -- Keel Infrastructure Corp. (Nasdaq: KEEL; TSX: KEEL) (“Keel Infrastructure” or “Keel”), a North American digital infrastructure and energy company, will report its second quarter 2026 financial results on Monday, August 10 before the market opens. Management will host a conference call on the same day at 8:00 am Eastern.