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Nov 6, 2025·SEC
Kingsway Financial Services Inc.(KFS)Earnings, Financials & Key Ratios
KFS•NYSE
$10.62
$304M mkt cap·Price updated May 6, 2026
AboutKingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois.Show more
- Revenue$135M+20.0%
- EBITDA-$2M-89.9%
- Net Income-$12M-28.5%
- EPS (Diluted)-0.43-26.5%
- Gross Margin62.63%-37.4%
- EBITDA Margin-1.78%-58.3%
- Operating Margin-1.78%+75.8%
- Net Margin-8.83%-7.1%
- ROE-69.56%-61.0%
- ROIC-4.46%+51.7%
KFS Key Insights
Kingsway Financial Services Inc. (KFS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 14.5%
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 20 (bottom 20%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 18.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
KFS Price & Volume
Kingsway Financial Services Inc. (KFS) stock price & volume — 10-year historical chart
Loading chart...
KFS Growth Metrics
Kingsway Financial Services Inc. (KFS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.61%
5 Years14.5%
3 Years5.58%
TTM21.46%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-28.53%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-27.9%
Return on Capital
10 Years0.27%
5 Years2.48%
3 Years1.45%
Last Year-1.15%
KFS Recent Earnings
Kingsway Financial Services Inc. (KFS) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
Mar 12, 2026EPS
$0.07
Revenue
$39M
Q4 2025
Nov 6, 2025EPS
$0.10
Revenue
$38M
Q3 2025
Aug 7, 2025EPS
$0.13
Revenue
$31M
Q2 2025
May 8, 2025EPS
$0.13
Revenue
$28M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.07 | $39M |
| Q4 2025 | Nov 6, 2025 | $0.10 | $38M |
| Q3 2025 | Aug 7, 2025 | $0.13 | $31M |
| Q2 2025 | May 8, 2025 | $0.13 | $28M |
Based on last 12 quarters of dataView full earnings history →
KFS Peer Comparison
Kingsway Financial Services Inc. (KFS) competitors in Auto Service, Repair and Aftermarket — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HIHO | 3.57M | 0.81 | 33.61 | 17.26% | -8.71% | -8.95% | 0.13 | |
 KINS | 257.8M | 16.45 | 11.11 | 7.6% | 15.68% | 35.79% | 0.17 | |
 HRTG | 887.78M | 28.72 | 14.29 | 11.08% | 17.72% | 41.44% | 0.49 | |
 ERIE | 9.86B | 213.56 | 20.11 | 7.17% | 13.2% | 25.03% | ||
 KMPR | 1.92B | 32.74 | 14.30 | 3.62% | 0.83% | 1.43% | 0.38 | |
 PLMR | 2.94B | 110.75 | 15.45 | 58.16% | 22.56% | 22.79% | 0.01 | |
 NODK | 266.12M | 12.90 | -100% | 0.87% | 1.05% | |||
 ACGL | 33.74B | 94.70 | 8.15 | 14.27% | 22.07% | 19.02% | 0.11 |
Compare KFS vs Peers
Kingsway Financial Services Inc. (KFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KFS Income Statement
Kingsway Financial Services Inc. (KFS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 193.18M | 43.61M | 68.25M | 68.6M | 81.41M | 114.69M | 107.66M | 112.53M | 135M |
| Revenue Growth % | 9.38% | -77.43% | 56.5% | 0.51% | 18.68% | 40.88% | -6.13% | 4.53% | 19.96% |
| Cost of Goods Sold | 7.69M | 7.37M | 0 | 0 | 0 | 0 | 0 | 0 | 50.44M |
| COGS % of Revenue | 3.98% | 16.9% | - | - | - | - | - | - | 37.37% |
| Gross Profit | 185.49M▲ 0% | 36.24M▼ 80.5% | 68.25M▲ 88.3% | 68.6M▲ 0.5% | 81.41M▲ 18.7% | 114.69M▲ 40.9% | 107.66M▼ 6.1% | 112.53M▲ 4.5% | 84.55M▼ 24.9% |
| Gross Margin % | 96.02% | 83.1% | 100% | 100% | 100% | 100% | 100% | 100% | 62.63% |
| Gross Profit Growth % | 8.36% | -80.46% | 88.33% | 0.51% | 18.68% | 40.88% | -6.13% | 4.53% | -24.86% |
| Operating Expenses | 203.56M | -70.19M | 69.66M | 73.82M | 88.04M | 79.73M | 84M | 120.79M | 86.95M |
| OpEx % of Revenue | 105.37% | -160.95% | 102.06% | 107.61% | 108.14% | 69.52% | 78.03% | 107.34% | 64.41% |
| Selling, General & Admin | 46.27M | 29.37M | 35.76M | 37.7M | 45.24M | 43.52M | 41.8M | 44.92M | 61.22M |
| SG&A % of Revenue | 23.95% | 67.34% | 52.4% | 54.96% | 55.58% | 37.95% | 38.83% | 39.92% | 45.35% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 0% | 0% | - | - | - | - | - | - | - |
| Other Operating Expenses | 157.29M | -99.92M | 33.9M | 36.12M | 42.8M | 36.21M | 42.2M | 75.86M | 25.73M |
| Operating Income | -11.65M▲ 0% | -16.21M▼ 39.1% | -1.41M▲ 91.3% | -5.22M▼ 270.5% | -6.63M▼ 27.0% | 34.96M▲ 627.3% | 23.65M▼ 32.3% | -8.26M▼ 134.9% | -2.4M▲ 71.0% |
| Operating Margin % | -6.03% | -37.17% | -2.06% | -7.61% | -8.14% | 30.48% | 21.97% | -7.34% | -1.78% |
| Operating Income Growth % | -70.22% | -39.06% | 91.31% | -270.55% | -26.99% | 627.25% | -32.34% | -134.92% | 70.97% |
| EBITDA | 52.12M | 58.68M | -1.41M | -5.22M | -1.56M | 41.41M | 29.87M | -1.26M | -2.4M |
| EBITDA Margin % | 26.98% | 134.56% | -2.06% | -7.61% | -1.92% | 36.1% | 27.75% | -1.12% | -1.78% |
| EBITDA Growth % | 11.88% | 12.58% | -102.4% | -270.55% | 70.06% | 2749.14% | -27.86% | -104.23% | -89.87% |
| D&A (Non-Cash Add-back) | 63.78M | 74.89M | 0 | 0 | 5.07M | 6.45M | 6.22M | 7M | 0 |
| EBIT | -15.45M | -19.5M | 0 | 0 | -469K | 43.05M | 29.9M | -3.47M | 0 |
| Net Interest Income | -12.61M | -13.58M | -15.06M | -13.67M | -6.16M | -8.09M | -6.25M | -4.79M | 0 |
| Interest Income | 0 | 595K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 11.24M | 12.26M | 15.06M | 13.67M | 6.16M | 8.09M | 6.25M | 4.79M | -5.45M |
| Other Income/Expense | -2.97M | -19.66M | -1.72M | 914K | 0 | 0 | 0 | 0 | -11.61M |
| Pretax Income | -29.42M▲ 0% | -20.36M▲ 30.8% | -3.13M▲ 84.6% | -4.31M▼ 37.5% | -6.63M▼ 53.9% | 34.96M▲ 627.3% | 23.65M▼ 32.3% | -8.26M▼ 134.9% | -14M▼ 69.5% |
| Pretax Margin % | -15.23% | -46.69% | -4.59% | -6.28% | -8.14% | 30.48% | 21.97% | -7.34% | -10.37% |
| Income Tax | -17.76M | 358K | -363K | 1.11M | -3.92M | 4.83M | -1.9M | -147K | -2.09M |
| Effective Tax Rate % | 60.38% | -1.76% | 11.59% | -25.89% | 59.06% | 13.8% | -8.03% | 1.78% | 14.9% |
| Net Income | -15.47M▲ 0% | -26.59M▼ 71.9% | -5.89M▲ 77.9% | -6.72M▼ 14.3% | -342K▲ 94.9% | 24.72M▲ 7328.7% | 23.56M▼ 4.7% | -9.27M▼ 139.4% | -11.92M▼ 28.5% |
| Net Margin % | -8.01% | -60.96% | -8.62% | -9.8% | -0.42% | 21.56% | 21.88% | -8.24% | -8.83% |
| Net Income Growth % | -2026.4% | -71.87% | 77.86% | -14.25% | 94.91% | 7328.66% | -4.7% | -139.36% | -28.53% |
| Net Income (Continuing) | 4.17M | -19.77M | -2.77M | -5.42M | -2.71M | 30.13M | 25.55M | -8.11M | -11.92M |
| Discontinued Operations | -1.72M | -7.14M | -1.54M | 6K | 4.57M | -15.07M | -1.54M | -182K | 0 |
| Minority Interest | 5.17M | 5.63M | 13.08M | 14.16M | 13.98M | 437K | -3.1M | 1.64M | 792K |
| EPS (Diluted) | -0.72▲ 0% | -1.22▼ 69.4% | -0.13▲ 89.3% | -0.35▼ 169.2% | -0.04▲ 89.4% | 1.05▲ 2930.2% | 0.89▼ 15.2% | -0.34▼ 138.2% | -0.43▼ 26.5% |
| EPS Growth % | -3700% | -69.44% | 89.34% | -169.23% | 89.4% | 2930.19% | -15.24% | -138.2% | -26.47% |
| EPS (Basic) | -0.75 | -1.22 | -0.13 | -0.35 | -0.04 | 1.72 | 0.91 | -0.34 | -0.43 |
| Diluted Shares Outstanding | 21.55M | 21.73M | 21.86M | 22.18M | 22.54M | 25.3M | 26.45M | 27.19M | 27.86M |
| Basic Shares Outstanding | 20.55M | 21.73M | 21.86M | 22.18M | 22.54M | 22.96M | 25.71M | 27.19M | 27.86M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
KFS Balance Sheet
Kingsway Financial Services Inc. (KFS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 72.29M | 27.73M | 31.05M | 0 | 33.35M | 74.63M | 0 | 0 | 22.15M |
| Cash & Short-Term Investments | 44.44M | 32.07M | 13.63M | 35.25M | 12.8M | 64.33M | 15.18M | 13.63M | 8.31M |
| Cash Only | 44.29M | 31.91M | 13.48M | 14.37M | 10.08M | 64.17M | 9.1M | 5.49M | 8.31M |
| Short-Term Investments | 151K | 152K | 155K | 20.87M | 157K | 157K | 6.08M | 8.14M | 0 |
| Accounts Receivable | 27.86M | 12.96M | 17.41M | 20.25M | 10.69M | 14.02M | 12.11M | 10.94M | 13.84M |
| Days Sales Outstanding | 52.63 | 108.45 | 93.12 | 107.75 | 47.92 | 44.63 | 41.05 | 35.47 | 37.42 |
| Inventory | 21.27M | 27.45M | 43.79M | 0 | 39.2M | 88.88M | 0 | 0 | 0 |
| Days Inventory Outstanding | 1.01K | 1.36K | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | -43.79M | -55.5M | -29.33M | -92.61M | -27.29M | -24.57M | 0 |
| Total Non-Current Assets | 306.29M | 309.18M | 330.64M | 0 | 386.83M | 80.28M | 0 | 0 | 137.99M |
| Property, Plant & Equipment | 108.23M | 103.14M | 102.39M | 97.97M | 110.83M | 1.68M | 2.74M | 3.96M | 13.37M |
| Fixed Asset Turnover | 1.78x | 0.42x | 0.67x | 0.70x | 0.73x | 68.11x | 39.35x | 28.44x | 10.10x |
| Goodwill | 80.11M | 73.93M | 82.1M | 121.13M | 110.25M | 45.5M | 50.36M | 56.52M | 69.13M |
| Intangible Assets | 87.61M | 83.82M | 86.42M | 84.13M | 108.23M | 33.1M | 35.67M | 40.05M | 52.27M |
| Long-Term Investments | 103.08M | 37.56M | 59.73M | 58.61M | 0 | 56.73M | 41.88M | 41.34M | 0 |
| Other Non-Current Assets | -103.08M | -17.8M | -29.02M | -361.85M | 28.97M | -60.91M | -130.64M | -141.87M | 0 |
| Total Assets | 484.6M▲ 0% | 357.34M▼ 26.3% | 399.62M▲ 11.8% | 452.47M▲ 13.2% | 475.63M▲ 5.1% | 285.65M▼ 39.9% | 197.72M▼ 30.8% | 186.62M▼ 5.6% | 231.5M▲ 24.1% |
| Asset Turnover | 0.40x | 0.12x | 0.17x | 0.15x | 0.17x | 0.40x | 0.54x | 0.60x | 0.58x |
| Asset Growth % | -3.28% | -26.26% | 11.83% | 13.23% | 5.12% | -39.94% | -30.78% | -5.61% | 24.05% |
| Total Current Liabilities | 2.64M | 2.4M | 31.77M | 0 | 28.85M | 2.16M | 0 | 0 | 28K |
| Accounts Payable | 27.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | 1.32K | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 438K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 41.11M | 47.13M | 29.02M | 0 | 28.55M | 4.18M | 0 | 0 | 0 |
| Other Current Liabilities | -10.36M | -16.95M | -17.44M | -46.81M | -26.27M | -31.2M | 0 | 0 | 28K |
| Current Ratio | 27.34x | 11.55x | 0.98x | - | 1.16x | 34.52x | - | - | 790.93x |
| Quick Ratio | 19.30x | 0.12x | -0.40x | - | -0.20x | -6.60x | - | - | 790.93x |
| Cash Conversion Cycle | -259.9 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 432.65M | 348.18M | 347.32M | 0 | 460.88M | 261.8M | 0 | 0 | 197.06M |
| Long-Term Debt | 260.67M | 253.26M | 194.63M | 268.29M | 94.1M | 102.09M | 44.42M | 57.54M | 0 |
| Capital Lease Obligations | 0 | 0 | 3.53M | 3.21M | 2.48M | 1.22M | 1.2M | 2.68M | 0 |
| Deferred Tax Liabilities | 30.33M | 28.53M | 29.02M | 27.55M | 28.55M | 4.18M | 5.04M | 4.37M | 0 |
| Other Non-Current Liabilities | 171.98M | 94.93M | 92.66M | -387M | 246.24M | 72.39M | -134.65M | -147.7M | 197.06M |
| Total Liabilities | 435.29M | 332.55M | 378.85M | 433.81M | 460.88M | 263.53M | 173.11M | 168.31M | 197.09M |
| Total Debt | 243.49M | 236.49M | 262.06M | 271.5M | 96.58M | 103.31M | 45.61M | 60.22M | 0 |
| Net Debt | 199.21M | 204.57M | 248.58M | 257.13M | 86.5M | 39.14M | 36.52M | 54.73M | -8.31M |
| Debt / Equity | 4.94x | 9.54x | 12.62x | 14.55x | 6.55x | 4.67x | 1.85x | 3.29x | - |
| Debt / EBITDA | 4.67x | 4.03x | - | - | - | 2.50x | 1.53x | - | - |
| Net Debt / EBITDA | 3.82x | 3.49x | - | - | - | 0.95x | 1.22x | - | - |
| Interest Coverage | -1.04x | -1.32x | -0.09x | -0.38x | -1.08x | 4.32x | 3.78x | -1.72x | - |
| Total Equity | 49.31M▲ 0% | 24.79M▼ 49.7% | 20.77M▼ 16.2% | 18.66M▼ 10.2% | 14.75M▼ 20.9% | 22.12M▲ 49.9% | 24.61M▲ 11.3% | 18.3M▼ 25.6% | 15.96M▼ 12.8% |
| Equity Growth % | -22.05% | -49.72% | -16.21% | -10.16% | -20.95% | 49.93% | 11.26% | -25.63% | -12.79% |
| Book Value per Share | 2.29 | 1.14 | 0.95 | 0.84 | 0.65 | 0.87 | 0.93 | 0.67 | 0.57 |
| Total Shareholders' Equity | 44.14M | 19.16M | 7.69M | 4.51M | 773K | 21.68M | 27.71M | 16.66M | 15.17M |
| Common Stock | 0 | 470K | 0 | 0 | 0 | 0 | 0 | 0 | 296K |
| Retained Earnings | -313.49M | -381.2M | -388.08M | -394.81M | -395.15M | -370.43M | -346.87M | -361.45M | -373.37M |
| Treasury Stock | 0 | 0 | -492K | -492K | -492K | -492K | -3.7M | -6.2M | 0 |
| Accumulated OCI | -3.85M | 40.51M | 35.35M | 38.06M | 30.78M | 26.61M | -1.54M | -718K | -60K |
| Minority Interest | 5.17M | 5.63M | 13.08M | 14.16M | 13.98M | 437K | -3.1M | 1.64M | 792K |
KFS Cash Flow Statement
Kingsway Financial Services Inc. (KFS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -18.98M | -10.14M | -759K | 1.67M | -5.91M | -14.57M | -26.19M | 1.07M | -3K |
| Operating CF Margin % | -9.82% | -23.26% | -1.11% | 2.44% | -7.26% | -12.71% | -24.32% | 0.95% | -0% |
| Operating CF Growth % | -21.73% | 46.55% | 92.52% | 320.29% | -453.35% | -146.68% | -79.68% | 104.07% | -100.28% |
| Net Income | -11.13M | -29.4M | -4.31M | -6.73M | -4.92M | 27.87M | 24.01M | -9.09M | -10.25M |
| Depreciation & Amortization | 5.57M | 6.71M | 6.92M | 6.73M | 5.07M | 6.45M | 6.22M | 7M | 9.22M |
| Stock-Based Compensation | 1.19M | -1.66M | 1.23M | 1.35M | 0 | 4.05M | 1.64M | 0 | 1.72M |
| Deferred Taxes | -18.39M | -226K | -785K | -1M | 0 | 1.41M | -1.92M | 0 | -4.07M |
| Other Non-Cash Items | 573K | 12.28M | -6.05M | -5.21M | -7.15M | -59.23M | -31.79M | 4.46M | 3.38M |
| Working Capital Changes | 3.21M | 2.16M | 2.25M | 6.53M | 1.09M | 4.88M | -24.34M | -1.3M | 0 |
| Change in Receivables | 2.17M | 997K | -3.93M | 1.37M | -716K | -136K | 3.67M | 1.11M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 24.56M | 20.05M | -6.47M | 4.01M | -8.6M | 100.94M | 6.46M | -16.85M | -29.61M |
| Capital Expenditures | 4.55M | 0 | -212K | -213K | -830K | 26.46M | -205K | -709K | -1.62M |
| CapEx % of Revenue | 2.35% | - | 0.31% | 0.31% | 1.02% | 23.07% | 0.19% | 0.63% | 1.2% |
| Acquisitions | -8.33M | 5.04M | -3.45M | 2.23M | -12.64M | 23.93M | 1.19M | -18.92M | -29.18M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.02M | 8.84M | 0 | 0 | 365K | 55M | -14.49M | 0 | 1.19M |
| Cash from Financing | 2.23M | -4.09M | 1.31M | 13.6M | -540K | -37.93M | -39.96M | 11.44M | 32.75M |
| Debt Issued (Net) | 1.88M | -4.39M | 1.4M | 13.93M | -8.15M | 1.04M | -43.91M | 13.02M | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | -83K | 1000K | -396K | -1000K | 1000K | 0 |
| Dividends Paid | 0 | -780K | 0 | 0 | 0 | 0 | 0 | -13K | -1.02M |
| Share Repurchases | 0 | -376K | 0 | -83K | 0 | -396K | -3.2M | -2.5M | -345K |
| Other Financing | 345K | 302K | -89K | -243K | 5.86M | -38.58M | 7.15M | -7.31M | 33.77M |
| Net Change in Cash | 7.81M▲ 0% | 5.82M▼ 25.6% | -5.92M▼ 201.8% | 19.28M▲ 425.9% | -17.6M▼ 191.3% | 47.33M▲ 368.9% | -59.73M▼ 226.2% | -4.36M▲ 92.7% | 3.13M▲ 171.9% |
| Free Cash Flow | -14.43M▲ 0% | -10.14M▲ 29.7% | -971K▲ 90.4% | 1.46M▲ 250.3% | -6.74M▼ 561.8% | 11.89M▲ 276.4% | -26.39M▼ 322.0% | 358K▲ 101.4% | -1.62M▼ 552.8% |
| FCF Margin % | -7.47% | -23.26% | -1.42% | 2.13% | -8.28% | 10.36% | -24.51% | 0.32% | -1.2% |
| FCF Growth % | 11.12% | 29.7% | 90.43% | 250.26% | -561.82% | 276.42% | -322.02% | 101.36% | -552.79% |
| FCF per Share | -0.67 | -0.47 | -0.04 | 0.07 | -0.30 | 0.47 | -1.00 | 0.01 | -0.06 |
| FCF Conversion (FCF/Net Income) | 1.23x | 0.38x | 0.13x | -0.25x | 17.27x | -0.59x | -1.11x | -0.12x | 0.00x |
| Interest Paid | 12.13M | 11.37M | 8.48M | 7.82M | 0 | 1.43M | 24.58M | 0 | 0 |
| Taxes Paid | 37K | 381K | 138K | 81K | 0 | 501K | 1.89M | 0 | 0 |
KFS Key Ratios
Kingsway Financial Services Inc. (KFS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 1.42% | -27.48% | -71.76% | -25.84% | -34.11% | -2.05% | 134.09% | 100.83% | -43.21% | -69.56% |
| Return on Invested Capital (ROIC) | -3.44% | -3.43% | -5.09% | -0.42% | -1.44% | -2.64% | 32.27% | 28.99% | -9.24% | -4.46% |
| Gross Margin | 96.92% | 96.02% | 83.1% | 100% | 100% | 100% | 100% | 100% | 100% | 62.63% |
| Net Margin | 0.45% | -8.01% | -60.96% | -8.62% | -9.8% | -0.42% | 21.56% | 21.88% | -8.24% | -8.83% |
| Debt / Equity | 3.69x | 4.94x | 9.54x | 12.62x | 14.55x | 6.55x | 4.67x | 1.85x | 3.29x | - |
| Interest Coverage | -0.93x | -1.04x | -1.32x | -0.09x | -0.38x | -1.08x | 4.32x | 3.78x | -1.72x | - |
| FCF Conversion | -19.41x | 1.23x | 0.38x | 0.13x | -0.25x | 17.27x | -0.59x | -1.11x | -0.12x | 0.00x |
| Revenue Growth | 11.25% | 9.38% | -77.43% | 56.5% | 0.51% | 18.68% | 40.88% | -6.13% | 4.53% | 19.96% |
KFS SEC Filings & Documents
Kingsway Financial Services Inc. (KFS) SEC filings — annual & quarterly reports (10-K, 10-Q)
KFS Frequently Asked Questions
Kingsway Financial Services Inc. (KFS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Kingsway Financial Services Inc. (KFS) reported $135.0M in revenue for fiscal year 2025. This represents a 56% increase from $86.6M in 1996.
Kingsway Financial Services Inc. (KFS) grew revenue by 20.0% over the past year. This is strong growth.
Kingsway Financial Services Inc. (KFS) reported a net loss of $11.9M for fiscal year 2025.
Dividend & Returns
Yes, Kingsway Financial Services Inc. (KFS) pays a dividend with a yield of 0.35%. This makes it attractive for income-focused investors.
Kingsway Financial Services Inc. (KFS) has a return on equity (ROE) of -69.6%. Negative ROE indicates the company is unprofitable.
Kingsway Financial Services Inc. (KFS) had negative free cash flow of $1.8M in fiscal year 2025, likely due to heavy capital investments.
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