Keel Infrastructure (KEEL) Operating Expenses (2020 - 2026)
Keel Infrastructure's Operating Expenses came in at $31.31 million for Q2 2026, up 61.5% from $19.38 million a year earlier and up 16.7% from the prior quarter.
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Analysis
Keel Infrastructure (KEEL) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Keel Infrastructure reported Operating Expenses of $173.49 million; for FY2025, it came in at $78.34 million, up 26.5% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 56.9% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $61.93 million in FY2024 (+82.8%), $33.87 million in FY2023, $2.8 million in FY2022 (-100.0%) and $169.39 billion in FY2021.
- The five-year range for quarterly Operating Expenses is -$25.23 million (Q3 2024) to $132.5 million (Q4 2025).
- Business Quant data shows KEEL's Operating Expenses at $26.84 million (Q1 2026), $132.5 million (Q4 2025) and -$17.16 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.49 Bn | 7.72 Bn | - | 7.26 Bn |
| 2 | Block | 46.34 Bn | 17.64 Bn | 3.17 Bn | 2.72 Bn |
| 3 | Coinbase Global | 44.39 Bn | 1.20 Bn | - | 1.33 Bn |
| 4 | Corpay | 26.40 Bn | 16.28 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.40 Bn | 22.08 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.86 Bn | 652.84 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Guidewire Software | 14.45 Bn | 11.02 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Bitmine Immersion Technologies | 11.93 Bn | 9.31 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Chime Financial | 11.25 Bn | 7.04 Bn | 594.87 Mn | 573.55 Mn |
| 10 | Keel Infrastructure | 1.43 Bn | 1.43 Bn | -86.75 Mn | 31.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.31 Mn |
| Mar 31, 2026 | 26.84 Mn |
| Dec 31, 2025 | 132.50 Mn |
| Sep 30, 2025 | -17.16 Mn |
| Jun 30, 2025 | 19.38 Mn |
| Mar 31, 2025 | 17.62 Mn |
| Dec 31, 2024 | -18.04 Mn |
| Sep 30, 2024 | -25.23 Mn |
| Jun 30, 2024 | -11.91 Mn |
| Mar 31, 2024 | -13.20 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 |
API Access
Keel Infrastructure Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=KEEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "KEEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=KEEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();