Stock Ratings / Financials / KEEL / financials

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Keel Infrastructure Corp. (KEEL) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: How profitable is Keel Infrastructure Corp. (KEEL)?

In FY 2025 (10-K), KEEL converted $229.3M of revenue into a 52% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

$2.31 -4.94% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Keel Infrastructure Corp. (KEEL) carries a Roarable Rating of E (Strong Sell) with 33/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $1.43B

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INTERACTIVE SCENARIO DECK:

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RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

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Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-11.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for KEEL)Realized 20D OHLCV Swing Band: ±12.5%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How KEEL Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $120.4M

FY24

Rev $133.3M

FY25

Rev $229.3M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$229.3M	52%	-65.2%	-$284.5M	-$226.6M	-10.4%
FY 2024	$133.3M	52%	-21%	-$28.4M	-$141.7M	-3.6%
FY 2023	$120.4M	52%	-41.5%	-$55.5M	-$106.9M	-10.4%

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring KEEL)

✓Walkthrough of KEEL's RQD Radar, SEC cash-conversion gap & downside invalidation levels
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KEEL // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -23.76%▼ DESCENDING CHANNEL

2026-10-30O $2.17H $2.31L $2.02C $2.31VOL 33.74M

RES: $3.68SUP: $0.16SMA50: $3.17SMA200: $3.44

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

KEEL Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 KEEL Butterfly Map → + Track KEEL →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +72.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on KEEL today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for KEEL. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for KEEL today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (KEEL)

Financials Rank #1055 of 1096 ⚔️ SECZ vs KEEL Full Matrix →

1. Head-to-Head Financials Peer Comparison (KEEL vs. SECZ, ATLC, PWP, TRIN)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Keel Infrastructure Corp. (KEEL) ranks #1055 by composite RQD confidence (33/100, grade E) and #501 by equity capitalization ($1.43B). Within this direct 5-issuer industry benchmark cohort, ATLC leads on earnings valuation at 12.3x trailing P/E, while PWP leads on capital efficiency and profitability with 55.7% ROIC and — gross margin. ATLC currently holds the highest overall quantitative score in the immediate peer group at 68/100 (C+) compared with KEEL at 33/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
KEEL ACTIVE Keel Infrastructure Corp.	E	33/100	—	—	-10.4%	-4.94%	$1.43B	Benchmark Subject
SECZ Securitize Corp.	D	50/100	—	—	—	+1.20%	$1.38B	/secz-vs-keel →
ATLC Atlanticus Holdings Corporation	C+	68/100	12.3x	—	19.8%	+7.10%	$1.49B	/atlc-vs-keel →
PWP Perella Weinberg Partners (Class A)	C+	67/100	28.4x	—	55.7%	+8.19%	$1.36B	/pwp-vs-keel →
TRIN Trinity Capital Inc.	D-	40/100	—	—	—	+0.88%	$1.63B	/trin-vs-keel →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001812477

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Keel Infrastructure Corp. (KEEL) reported GAAP revenue of $229.3M (+72.0% vs. FY2024 revenue of $133.3M , and +90.4% cumulative change since FY2023) , GAAP net income of -$284.5M, operating cash flow of -$226.6M, and free cash flow of -$226.6M (-59.9% YoY). On the balance sheet, KEEL closed FY2025 with $1.30B in total assets against $572.4M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$229.3M	-$284.5M	-$226.6M	-$226.6M	$1.30B	$572.4M
FY2024 (FY)	2024-12-31	$133.3M	-$28.4M	-$141.7M	-$141.7M	$663.1M	$1.4M
FY2023 (FY)	2023-12-31	$120.4M	-$55.5M	-$106.9M	-$106.9M	—	—

3. KEEL Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is KEEL stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Keel Infrastructure Corp. (NASDAQ: KEEL) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 33/100 at a spot price of $2.31 (-4.94% 1D, market cap $1.43B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 5/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 3/20. Across 1096 tracked Financials issuers, KEEL ranks #1055 in composite RQD confidence.

How does KEEL compare to SECZ and ATLC in the Financials sector?

Within the Financials sector (Finance: Consumer Services), KEEL carries a Roarable E (33/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -10.4%. By comparison, SECZ (Securitize Corp.) holds a D grade (50/100 RQD, P/E N/A, ROIC —, cap $1.38B) and ATLC (Atlanticus Holdings Corporation) posts a C+ grade (68/100 RQD, P/E 12.3x, ROIC 19.8%, cap $1.49B). Among the 5-stock peer group, ATLC leads on earnings multiple (12.3x) while PWP leads on capital efficiency (55.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for KEEL?

Per KEEL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001812477), Keel Infrastructure Corp. generated $229.3M in revenue (+72.0% YoY), -$284.5M in net income, and -$226.6M in free cash flow against $1.30B in total assets and $572.4M in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is KEEL trading relative to its 50-day, 200-day, and 52-week technical levels?

KEEL last traded at $2.31 (-4.94% on volume of 20,446,633 shares), positioning the stock -27.13% below its 50-day simple moving average ($3.17) and -32.85% below its 200-day simple moving average ($3.44). Across its 52-week range of $1.68 to $7.37, KEEL sits at the 11.1% percentile with a 14-day RSI of 29.5 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($2.02 to $2.60).