Keel Infrastructure annual free cash flow
2022
2023
2024
2025
Keel Infrastructure Free Cash Flow (FCF) History (KEEL)
Keel Infrastructure reported −$326.9M in free cash flow for fiscal 2025, an increase of $100.6M from the previous fiscal year, with a free cash flow margin of −142.58%.
View full Keel Infrastructure company overviewKeel Infrastructure free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$326.9M | $100.6M | — | −142.58% |
| 2024 | 2024-12-31 | −$427.5M | −$273.3M | — | −221.63% |
| 2023 | 2023-12-31 | −$154.1M | $121.4M | — | −105.32% |
| 2022 | 2022-12-31 | −$275.6M | — | — | −193.47% |
Keel Infrastructure quarterly free cash flow
Q1.25
Q2.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$96.0M | — | — | −315.53% |
| Q1 2026 | 2026-03-31 | −$75.0M | — | — | −202.78% |
| Q2 2025 | 2025-06-30 | −$93.6M | — | — | −153.69% |
| Q1 2025 | 2025-03-31 | −$62.2M | — | — | −130.49% |
Keel Infrastructure free cash flow growth trends
Keel Infrastructure's latest reported quarter, Q2 2026, generated −$96.0M in free cash flow.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Keel Infrastructure filings at SEC.gov ↗