Kingsway Financial Services Inc. (KFS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -8K | -10K | 1.47M | 337K | -1.8M | -124.16K | 368K | 551.3K | 249K | -16.78M | -844.09K | -1.67M | -6.69M | -23.15M | 2.96M | 2.38M | 3.84M | 2.14M | 3.46M | -9.64M |
| Operating CF Margin % | -0.02% | -0.03% | 3.89% | 1.07% | -6.27% | -0.41% | 1.36% | 2.03% | 0.93% | -63.46% | -3.22% | -5.89% | -24.7% | -128.07% | 11.67% | 9.84% | 16.69% | 13.48% | 15.26% | -41.34% |
| Operating CF Growth % | 99.56% | 91.95% | 298.91% | -38.87% | -822.09% | 99.26% | 143.6% | 133.1% | 103.72% | 27.54% | -128.55% | -169.98% | -274.12% | -1183.94% | -14.64% | 124.69% | 305.51% | 68.99% | 143.26% | -491.71% |
| Net Income | -2.47M | -1.58M | -2.46M | -3.17M | -3.09M | -1.62M | -4.88M | -2.53M | -2.08M | 60K | -1.15M | -1.55M | 27.73M | 4.27M | 40.01M | -3.45M | -4.15M | 1.44M | -226K | -684K |
| Depreciation & Amortization | 2.47M | 2.84M | 2.69M | 1.86M | 1.83M | 2.16M | 1.6M | 1.7M | 1.54M | 1.75M | 1.49M | 1.48M | 1.49M | 0 | 1.42M | 1.52M | 1.51M | 2.26M | 3.23M | 1.59M |
| Stock-Based Compensation | 0 | 330K | 600K | 340K | 421K | 0 | 862K | 0 | 320K | 686K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 643K | 548K | 700K |
| Deferred Taxes | 0 | -1.35M | 0 | -223K | -348K | 0 | -88K | 0 | -69K | -2.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 152K | 1.64M | 0 |
| Other Non-Cash Items | 374K | 152K | -825K | -184.64K | 236K | 891.35K | 8.19M | 1.29M | 861K | 1M | -532.8K | -984.65K | -31.2M | -22.14M | -44.2M | 3.08M | 3.14M | -913K | -1.02M | 1.19M |
| Working Capital Changes | -382K | -396K | 1.46M | 1.71M | -841K | -1.55M | -5.31M | 91.64K | -322K | -18.14M | -655.29K | -612.78K | -4.72M | -5.28M | 5.72M | 1.24M | 3.34M | -1.45M | -707K | -12.44M |
| Change in Receivables | -2.59M | 827K | 1.38M | 442.35K | -1.43M | 322.43K | 249K | 621.35K | -109K | 334.97K | 1.41M | 1.43M | 462K | -984.84K | 1.49M | 1.41M | -1.46M | -429K | 221K | -265K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -994K | 281K | -16.22M | -10.49M | -3.18M | -156.83K | -17.34M | 1.09M | -166K | -10.37M | 1.59M | 8.93M | 6.25M | 63.82M | 35.15M | -1.99M | -187K | -11.26M | -9.2M | -1.63M |
| Capital Expenditures | -390K | -906K | -658K | -179K | -63K | -109.85K | -396K | -243.91K | -190K | -122.81K | -66.29K | -9.05K | -5K | 0 | 0 | -64.29K | -112K | -141K | -183K | -278K |
| CapEx % of Revenue | 0.99% | 2.32% | 1.74% | 0.57% | 0.22% | 0.36% | 1.46% | 0.9% | 0.71% | 0.46% | 0.25% | 0.03% | 0.02% | 128.07% | 11.67% | 0.27% | 0.49% | 0.89% | 0.81% | 1.19% |
| Acquisitions | -840K | 267K | -15.92M | -10.11M | -3.52M | 21.34M | 7.23M | 6.95K | 124K | -10.54M | -2.63M | 0 | 0 | 11.47M | 34.58M | 334 | -83K | -7.23M | 3.89M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 27K | 142K | 366K | -2.32M | -3.17M | -21.07M | -22.32M | 0 | 0 | 146 | -7 | -11.04K | 0 | 41.09M | 176.29K | 0 | 0 | -2.27M | 0 | -1.35M |
| Cash from Financing | -220K | -829K | 12.12M | 15.65M | 5.8M | -1.64M | 14.19M | -3.63M | 2.35M | 16.16M | 4.77M | -3.38M | -57.12M | -25.56M | -3.08M | -3.91M | -3.82M | 2.74M | -2.62M | 10.87M |
| Debt Issued (Net) | 108K | -357K | 12.76M | -1.74M | 735K | -888.87K | 11.2M | -67.68K | 2.55M | 13.77M | -1.27M | -1.79M | -59.7M | -1.58M | -1.12M | -2.21M | -1.97M | 3.04M | -2.29M | -2.11M |
| Equity Issued (Net) | 0 | 0 | 0 | 18.03M | 5.66M | -94.64K | -1.55M | -883.25K | -64K | -2.54M | 6.98M | -1.4M | 6.29M | 522.62K | 39.29K | 0 | 0 | 0 | 0 | -285K |
| Dividends Paid | -328K | -350K | -285K | -223K | -166K | -12.73K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -6.3K | -345K | 41.24K | -1.55M | -883.25K | -64K | 1.63M | -3.16M | -1.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -285K |
| Other Financing | 0 | -122K | -351K | -406.49K | -420K | -645.57K | 4.54M | -2.68M | -130K | 4.92M | -942.54K | -190.74K | -3.71M | -24.51M | -1.99M | -1.71M | -1.85M | -291K | -328K | 13.27M |
| Net Change in Cash | -1.22M | -558K | -2.63M | 5.5M | 824K | -2M | -2.82M | -2.06M | 2.52M | -11.79M | 5.51M | 4.03M | -57.48M | 15.43M | 35.61M | -3.54M | -164K | -6.38M | -8.35M | -398K |
| Free Cash Flow | -398K | -916K | 810K | 158K | -1.86M | -234K | 218K | 307.39K | 59K | -16.9M | -910.38K | -1.67M | -6.69M | 0 | 0 | 2.32M | 3.73M | 2M | 3.28M | -9.92M |
| FCF Margin % | -1.01% | -2.35% | 2.15% | 0.5% | -6.49% | -0.77% | 0.8% | 1.13% | 0.22% | -63.92% | -3.47% | -5.92% | -24.72% | - | - | 9.57% | 16.21% | 12.59% | 14.45% | -42.53% |
| FCF Growth % | 78.61% | -291.45% | 271.56% | -48.6% | -3254.24% | 98.62% | 123.95% | 118.36% | 100.88% | - | - | -172.31% | -279.49% | -100% | -100% | 123.35% | 277.83% | 66.67% | 137.24% | -485.42% |
| FCF per Share | -0.01 | -0.03 | 0.03 | 0.01 | -0.07 | -0.01 | 0.01 | 0.01 | 0.00 | -0.62 | -0.03 | -0.07 | -0.25 | - | - | 0.10 | 0.16 | 0.09 | 0.14 | -0.44 |
| FCF Conversion (FCF/Net Income) | 0.00x | 0.01x | -0.60x | -0.10x | 0.56x | 0.08x | -0.13x | -0.23x | -0.10x | 9.23x | 0.82x | 1.16x | -0.24x | 4.85x | 0.08x | -0.89x | -1.45x | 3.01x | -3.44x | 14.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |