Keel Infrastructure annual operating expenses
2020
2021
2022
2023
2024
2025
Keel Infrastructure Operating Expenses Growth & History (KEEL)
Keel Infrastructure's operating expenses was $130.7M for fiscal 2025.
View full Keel Infrastructure company overviewKeel Infrastructure annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $130.7M | $55.5M | +73.79% |
| 2024 | 2024-12-31 | $75.2M | $24.6M | +48.55% |
| 2023 | 2023-12-31 | $50.6M | $47.8M | +1706.17% |
| 2022 | 2022-12-31 | $2.8M | $2.1M | +273.24% |
| 2021 | 2021-12-31 | $751,000 | $227,000 | +43.32% |
| 2020 | 2020-12-31 | $524,000 | — | — |
Keel Infrastructure quarterly operating expenses
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $54.0M | $34.6M | +178.69% |
| Q1 2026 | 2026-03-31 | $72.1M | $37.0M | +105.27% |
| Q4 2025 | 2025-12-31 | $24.1M | — | — |
| Q3 2025 | 2025-09-30 | $17.0M | — | — |
| Q2 2025 | 2025-06-30 | $19.4M | — | — |
| Q1 2025 | 2025-03-31 | $35.1M | — | — |
Keel Infrastructure operating expenses trends
Over the last five fiscal years, Keel Infrastructure's operating expenses increased from $524,000 to $130.7M, a change of $130.2M. The latest reported quarter, Q2 2026, shows $54.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Keel Infrastructure source filings ↗