Keel Infrastructure (KEEL) Cost of Revenue (2020 - 2026)

Keel Infrastructure (KEEL) has reported Cost of Revenue for 7 consecutive years, with $63.3 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue changed N/A year-over-year to $63.3 million; the TTM figure through Mar 2026 stood at $284.9 million (changed N/A YoY), while the FY2025 annual figure was $248.2 million, up 66.36% from the prior year.
• Cost of Revenue slipped to $63.3 million in Q1 2026 per KEEL's latest filing, from $66.5 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $83.0 million in Q2 2025 and bottomed at $23.3 million in Q1 2022.
• Historically, Cost of Revenue has averaged $48.8 million across 5 years, with a median of $44.0 million in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 155.39% — and 2024, when it sank 33.11%.
• Keel Infrastructure's Cost of Revenue stood at $39.1 million in 2022, then gained by 13.71% to $44.5 million in 2023, then increased by 23.14% to $54.8 million in 2024, then increased by 21.4% to $66.5 million in 2025, then slipped by 4.81% to $63.3 million in 2026.
• Business Quant data shows KEEL's Cost of Revenue at $63.3 million in Q1 2026, $66.5 million in Q4 2025, and $72.1 million in Q3 2025.