Keel Infrastructure Corp. reported results
SEC 8-KRead source ↗
Keel Infrastructure Corp. is a US-listed company in the diversified financial services industry. Its financial year ends in December.
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders2 buying, 0 selling4 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
- Funds272 adding, 0 cuttingOf 36 active managers that changed their stake, 36 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 164% in the quarter to 2026-06-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Keel Infrastructure Corp.'s latest figures clears our strength thresholds.
Things to watch
- Volatile shares. Over the past year the shares showed annualised volatility of 104% and a beta of 4.3 against the S&P 500.
- Heavily shorted. 19.0% of the shares available to trade are sold short (3.8 days of average volume to cover).
- Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.
Latest results
- Earnings per share
- -$0.19 against an average estimate of -$0.07: missed by 163.5%
- Share reaction
- -15.2% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate -$0.12
Price chart
- 1 day+14.0%
- 1 week-4.2%
- 1 month-40.5%
- This year-19.6%
- 1 year-47.6%
- 5 years-70.1%
- S&P 500 this year+11.2%
Loading chart…
Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 10, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
- Leadership
Keel Infrastructure Corp. announced a director or officer change; made a public disclosure
SEC 8-KRead source ↗
No model value for Keel Infrastructure Corp. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.
Valuation models
We value Keel Infrastructure Corp. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 12.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.59 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Keel Infrastructure Corp. with asset managers, brokers and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, before the open. Analysts expect revenue of $20m and EPS of −$0.12 (range −$0.17 to −$0.06) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.52 | — | $106m | −54% |
| Next | −$0.40 | +23% | $85m | −20% |
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +78.2% on 90 days ago. In the last 30 days, 0 analysts raised Keel Infrastructure Corp.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.29 | −$0.15 |
| 60 days ago | −$0.51 | −$0.24 |
| 30 days ago | −$0.51 | −$0.24 |
| 7 days ago | −$0.51 | −$0.31 |
| Now | −$0.52 | −$0.40 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$0.07 | −$0.19 | −163.5% |
| Mar 2026 | −$0.04 | −$0.09 | −152.0% |
| Dec 2025 | −$0.02 | −$0.11 | −464.0% |
| Sept 2025 | −$0.02 | −$0.15 | −600.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 19.0% of tradable shares
- Days to cover
- 3.83 at average volume
- Short interest, 1 month
- +5% to October 15, 2026
- Held by institutions
- 67% of shares
- Held by insiders
- 4.6% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| KEEL | +166% | −91% | +561% | −49% | +58% | −20% |
| Industry peers (median) | −4% | −80% | −44% | −44% | −18% | −34% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| KEEL | 67% | 17% | 67% | 42% | 42% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| KEEL | −52% | −93% | −55% | −59% | −65% | −72% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since August 16, 2019: 96% from November 9, 2021 to December 27, 2022. Getting back needed a 2234% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $1.71 – $6.66
- From 52-week high
- −71.6%
- vs 50-day average
- −39.9%
- vs 200-day average
- −45.1%
- Volatility (1 year)
- 104%
- Beta vs S&P 500
- 4.28
Share price after results
- Next day
- 1 up, 1 down typical move ±8.8%
- After a week
- 1 up, 1 down typical move ±4.0%
- After a month
- 1 up, 1 down typical move ±18.3%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 10, 2026 | −15.2% | −0.3% | −2.8% | −4.4% |
| May 11, 2026 | +2.5% | +0.1% | +5.3% | +32.2% |
Fundamentals
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Cryptocurrency Mining | $206M | 89.9% | ▲ 60.9% |
| Energy Sales | $14M | 6.1% | — |
| Electrical Services | $4.6M | 2.0% | ▼ 9.9% |
| Cryptocurrency Hosting | $4.5M | 2.0% | — |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $116M | 50.8% | ▲ 605.4% |
| Canada | $113M | 49.2% | ▼ 3.3% |
From Keel Infrastructure Corp.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $2.2B
- Institutions reporting
- 281
- Shares held vs prior quarter
- ▲ 1962564.7%
- Positions opened / closed
- 272 / 0
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $252M | 44.0M | 11.5% | New |
| Situational Awareness LP | $152M | 26.5M | 6.9% | New |
| Monarch Alternative Capital LP | $151M | 26.3M | 6.9% | New |
| Jane Street Group, LLC | $133M | 23.2M | 6.1% | New |
| Geode Capital Management, LLC | $113M | 15.6M | 5.2% | New |
| Vanguard Capital Management LLC | $79.5M | 13.9M | 3.6% | New |
| Vanguard Portfolio Management LLC | $75.2M | 13.1M | 3.4% | New |
| Morgan Stanley | $72.8M | 12.7M | 3.3% | New |
| Invesco Ltd. | $66.8M | 11.6M | 3.1% | New |
| T. Rowe Price Investment Management, Inc. | $62.2M | 10.8M | 2.8% | New |
| UBS Group AG | $55.2M | 9.6M | 2.5% | New |
| Hudson Bay Capital Management LP | $44.2M | 7.7M | 2.0% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Keel Infrastructure Corp.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $525,657 4 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $525,657 net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Gagnon Benjamin Chief Executive Officer | August 21, 2026 | Buy | 38,888 | $3.33 | $129,497 |
| Wilson Liam Daniel Chief Operating Officer | August 20, 2026 | Buy | 30,769 | $3.25 | $99,999 |
| Wilson Liam Daniel Chief Operating Officer | August 17, 2026 | Buy | 26,472 | $3.78 | $100,064 |
| Gagnon Benjamin Chief Executive Officer | August 13, 2026 | Buy | 58,888 | $3.33 | $196,097 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
- August 10, 2026
- May 11, 2026
Recent SEC filings
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Keel Infrastructure Corp. in brief
- What does Keel Infrastructure Corp. do?
- Keel Infrastructure Corp. is a US-listed company in the diversified financial services industry. Its financial year ends in December.
- What is Keel Infrastructure Corp.'s stock ticker?
- Keel Infrastructure Corp. trades under the ticker KEEL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Keel Infrastructure Corp.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Situational Awareness LP and Monarch Alternative Capital LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Keel Infrastructure Corp. stock?
- Over the last 12 months, Keel Infrastructure Corp.'s directors and officers reported 4 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
- When is Keel Infrastructure Corp.'s next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Keel Infrastructure Corp. announces its own schedule.
Follow research on Keel Infrastructure Corp.
New research on the companies we cover arrives in the weekly email. Free, one email a week.