Keel Infrastructure Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $229.3M | $133.3M | $120.4M | $142.4M | $169.5M | $34.7M |
| Cost of Revenue | $248.2M | $149.2M | $144.1M | $131.9M | $58.4M | $31.8M |
| Gross Profit | $-18.9M | $-15.9M | $-23.7M | $10.5M | $111.1M | $2.9M |
| Gross Margin | -8.2% | -11.9% | -19.7% | 7.4% | 65.6% | 8.3% |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $78.3M | $61.9M | $33.9M | — | — | — |
| Operating Income | $-149.6M | $-28.0M | $-50.0M | $-284.0M | $63.6M | $-6.7M |
| Operating Margin | -65.2% | -21.0% | -41.5% | -199.4% | 37.5% | -19.4% |
| Interest Expense | — | $358.0K | $214.0K | $93.0K | $19.0K | — |
| Pretax Income | $-208.4M | $-7.0M | $-40.1M | $-193.1M | $42.6M | $-16.1M |
| Income Tax Expense | $101.0K | $346.0K | $-154.0K | $-17.4M | $20.5M | $172.0K |
| Net Income | $-284.5M | $-28.4M | $-55.5M | $-175.6M | $20.5M | $172.0K |
| Net Margin | -124.1% | -21.3% | -46.1% | -123.3% | 12.1% | 0.5% |
| EPS (Basic) | $-0.52 | $-0.07 | $-0.21 | $-0.85 | $0.14 | $-0.19 |
| EPS (Diluted) | $-0.52 | $-0.07 | $-0.21 | $-0.85 | $0.13 | $-0.19 |
| Shares Outstanding (Basic) | 551.7M | 414.7M | 262.2M | 224.2M | 194.8M | — |
| Shares Outstanding (Diluted) | 551.7M | 414.7M | 262.2M | 224.2M | 194.8M | — |
| Dividends Per Share | — | — | — | — | — | — |