Keel Infrastructure (KEEL) Operating Expenses (2020 - 2026)

Keel Infrastructure's (KEEL) quarterly Operating Expenses came in at $26.8 million in Q1 2026, down 79.75% on a QoQ basis from $132.5 million in Q4 2025.

Keel Infrastructure (KEEL) Operating Expenses (2020 - 2026) Analysis & Trends

Keel Infrastructure (KEEL) has 7 years of Operating Expenses data on file, last reported at $26.8 million in Q1 2026.

  • On a quarterly basis, Operating Expenses changed N/A year-over-year to $26.8 million in Q1 2026; TTM through Mar 2026 was $120.9 million, a N/A change from a year earlier, with the FY2025 full-year figure at $78.3 million, up 25.02% from the prior year.
  • Operating Expenses for Q1 2026 stood at $26.8 million, down from $132.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for KEEL reached as high as $132.5 million in Q4 2025 and fell as low as -$25.3 million in Q3 2024.
  • Historically, Operating Expenses has averaged $4.0 million across 5 years, with a median of -$8.8 million in 2023.
  • Across the five-year window, Operating Expenses sank 211.97% in 2023 and surged 834.63% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $12.0 million in 2022, then sank by 211.97% to -$13.4 million in 2023, then tumbled by 34.59% to -$18.0 million in 2024, then jumped by 834.63% to $132.5 million in 2025, then plunged by 79.75% to $26.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $26.8 million in Q1 2026, $132.5 million in Q4 2025, and -$17.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn 7.29 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn 15.54 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn -27.00 Mn
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn 528.00 Mn
5 Cgi 41.25 Bn 40.60 Bn - 29.83 Mn
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn 605.00 Mn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn 791.00 Mn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn 2.23 Bn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn 1.59 Bn
10 Keel Infrastructure 2.90 Bn 2.53 Bn -26.31 Mn 26.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 26.84 Mn
Dec 31, 2025 132.54 Mn
Sep 30, 2025 -17.04 Mn
Jun 30, 2025 -21.40 Mn
Dec 31, 2024 -18.04 Mn
Sep 30, 2024 -25.31 Mn
Jun 30, 2024 -11.91 Mn
Mar 31, 2024 -13.17 Mn
Dec 31, 2023 -13.41 Mn
Sep 30, 2023 -8.37 Mn
Jun 30, 2023 -9.16 Mn
Mar 31, 2023 -8.36 Mn
Dec 31, 2022 11.97 Mn
Sep 30, 2022 10.30 Mn
Jun 30, 2022 15.39 Mn
Mar 31, 2022 13.84 Mn
Dec 31, 2021 18.93 Mn
Sep 30, 2021 10.88 Mn
Jun 30, 2021 15.53 Mn
Mar 31, 2021 2.82 Mn