Kingsway Financial Services Inc. (KFS) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 39.37M | 39.01M | 37.71M | 31.46M | 28.66M | 30.23M | 27.14M | 27.13M | 26.64M | 26.44M | 26.25M | 28.27M | 27.08M | 18.08M | 25.33M | 24.2M | 23.01M | 15.84M | 22.7M | 23.32M |
| Revenue Growth % | 37.39% | 29.01% | 38.97% | 15.94% | 7.57% | 14.36% | 3.37% | -4% | -1.62% | 46.24% | 3.62% | 16.82% | 17.68% | 14.1% | 11.59% | 3.76% | 4.39% | -25.44% | 34.29% | 57.19% |
| Cost of Goods Sold | 26.27M | 0 | 0 | 0 | 0 | 0 | 6.82M | 0 | 16.61M | 0 | 0 | 0 | 0 | 18.67M | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | 66.72% | - | - | - | - | - | 25.12% | - | 62.34% | - | - | - | - | 103.29% | - | - | - | - | - | - |
| Gross Profit | 13.11M | 39.01M | 37.71M | 31.46M | 28.66M | 30.23M | 20.32M | 27.13M | 10.03M | 26.44M | 26.25M | 28.27M | 27.08M | -595K | 25.33M | 24.2M | 23.01M | 15.84M | 22.7M | 23.32M |
| Gross Margin % | 33.28% | 100% | 100% | 100% | 100% | 100% | 74.88% | 100% | 37.66% | 100% | 100% | 100% | 100% | -3.29% | 100% | 100% | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | -54.27% | 29.01% | 85.59% | 15.94% | 185.67% | 14.36% | -22.6% | -4% | -62.95% | 4543.36% | 3.62% | 16.82% | 17.68% | -103.76% | 11.59% | 3.76% | 4.39% | -25.44% | 43.66% | 60.01% |
| Operating Expenses | 13.85M | 41.9M | 38.58M | 34.75M | 32.01M | 32.06M | 20.99M | 29.38M | 10.32M | 28.75M | 26.46M | 27.87M | 27.08M | 78.18M | 29.63M | 22.67M | 23.77M | 17.8M | 22.82M | 22.54M |
| OpEx % of Revenue | 35.16% | 107.41% | 102.29% | 110.48% | 111.71% | 106.04% | 77.35% | 108.29% | 38.74% | 108.76% | 100.79% | 98.61% | 100% | 432.46% | 116.96% | 93.68% | 103.29% | 112.37% | 100.5% | 96.66% |
| Selling, General & Admin | 0 | 17.15M | 16.7M | 14.07M | 12.8M | 11.82M | 11.87M | 11.03M | 10.36M | 11.79M | 10.22M | 9.77M | 10.2M | 8.54M | 9.72M | 10.53M | 10.91M | 8.35M | 11.68M | 12.13M |
| SG&A % of Revenue | - | 43.97% | 44.3% | 44.73% | 44.66% | 39.11% | 43.73% | 40.66% | 38.87% | 44.6% | 38.93% | 34.57% | 37.66% | 47.27% | 38.37% | 43.53% | 47.39% | 52.7% | 51.44% | 52.01% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -35K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -740K | -2.89M | -865K | -3.3M | -3.36M | -1.82M | -672K | -2.25M | -288K | -2.32M | -208K | 393K | 0 | -11.32M | -4.3M | 1.53M | -758K | -1.96M | -114K | 778K |
| Operating Margin % | -1.88% | -7.41% | -2.29% | -10.48% | -11.71% | -6.04% | -2.48% | -8.29% | -1.08% | -8.76% | -0.79% | 1.39% | - | -62.62% | -16.96% | 6.32% | -3.29% | -12.37% | -0.5% | 3.34% |
| Operating Income Growth % | 77.95% | -58.41% | -28.72% | -46.55% | -1065.28% | 21.23% | -223.08% | -672.26% | - | 79.53% | 95.16% | -74.28% | 100% | -477.6% | -3668.42% | 96.4% | -192.21% | 29.29% | 78.53% | 3012% |
| EBITDA | 1.73M | -54K | 1.81M | -1.43M | -1.53M | 331K | 925K | -545K | 1.25M | -563K | -208K | 393K | 32.9M | -11.79M | -4.3M | 1.53M | -758K | -1.96M | -114K | 778K |
| EBITDA Margin % | 4.4% | -0.14% | 4.8% | -4.53% | -5.34% | 1.09% | 3.41% | -2.01% | 4.7% | -2.13% | -0.79% | 1.39% | 121.47% | -65.21% | -16.96% | 6.32% | -3.29% | -12.37% | -0.5% | 3.34% |
| EBITDA Growth % | 213.2% | -116.31% | 95.78% | -161.47% | -222.2% | 158.79% | 544.71% | -238.68% | -96.19% | 95.22% | 95.16% | -74.28% | 4439.71% | -501.43% | -3668.42% | 96.4% | -192.21% | 29.29% | -110.01% | -54.05% |
| D&A (Non-Cash Add-back) | 2.47M | 2.84M | 2.68M | 1.87M | 1.83M | 2.16M | 1.6M | 1.7M | 1.54M | 1.75M | 0 | 0 | 1.49M | -467K | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | -904K | -1.44M | 1.14M | -2.03M | -2.13M | -515K | -982K | -1.09M | -288K | -1.19M | 0 | 0 | 31.4M | -7.73M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Interest Income | -976K | -1.08M | -1.5M | -1.26M | -1.23M | -1.31M | -1.17M | -1.16M | -1.15M | -1.13M | -1.06M | 0 | -2.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 435K | 369K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.41M | 1.45M | 1.5M | 1.26M | 1.23M | 1.31M | 1.17M | 1.16M | 1.15M | 1.13M | 1.06M | 0 | 2.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.57M | 0 | 504K | 0 | 0 | 0 | -1.48M | 0 | -1.74M | 0 | -487K | -1.96M | 28.43M | 5.71M | 49.3M | -4.66M | -2.82M | 5.63M | 2.34M | 2.22M |
| Pretax Income | -2.31M | -2.89M | -361K | -3.3M | -3.36M | -1.82M | -2.15M | -2.25M | -2.03M | -2.32M | -695K | -1.56M | 28.43M | -5.61M | 45M | -3.13M | -3.58M | 3.67M | 2.23M | 3M |
| Pretax Margin % | -5.88% | -7.41% | -0.96% | -10.48% | -11.71% | -6.04% | -7.94% | -8.29% | -7.62% | -8.76% | -2.65% | -5.53% | 104.99% | -31.01% | 177.64% | -12.94% | -15.54% | 23.14% | 9.82% | 12.87% |
| Income Tax | -47K | -1.31M | 2.05M | -131K | -264K | -356K | 21K | 104K | 84K | -2.71M | 102K | 213K | 699K | -834K | 6.06M | 19K | 422K | 2.22M | 2.46M | 3.26M |
| Effective Tax Rate % | 2.03% | 45.21% | -567.87% | 3.97% | 7.87% | 19.51% | -0.97% | -4.62% | -4.14% | 116.92% | -14.68% | -13.62% | 2.46% | 14.88% | 13.47% | -0.61% | -11.8% | 60.64% | 110.13% | 108.53% |
| Net Income | -2.47M | -1.74M | -2.46M | -3.32M | -3.22M | -1.62M | -2.8M | -2.36M | -2.48M | -1.82M | -1.03M | -1.44M | 27.84M | -4.77M | 38.34M | -2.67M | -2.65M | 710K | -1.01M | -684K |
| Net Margin % | -6.28% | -4.46% | -6.51% | -10.54% | -11.23% | -5.36% | -10.33% | -8.71% | -9.33% | -6.87% | -3.91% | -5.09% | 102.81% | -26.4% | 151.34% | -11.03% | -11.53% | 4.48% | -4.44% | -2.93% |
| Net Income Growth % | 23.16% | -7.34% | 12.35% | -40.37% | -29.46% | 10.73% | -173.1% | -64.1% | -108.93% | 61.92% | -102.68% | 46.03% | 1149.45% | -772.11% | 3903.57% | -290.06% | -514.53% | 124.95% | 18.45% | 55.26% |
| Net Income (Continuing) | -2.27M | -1.58M | -2.41M | -3.17M | -3.09M | -1.47M | -2.18M | -2.35M | -2.12M | 392K | -797K | -1.78M | 27.73M | -1.66M | 38.94M | -3.15M | -4M | 1.44M | -226K | -256K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | -1K | -135K | 167K | -213K | -1000K | 122K | 110K | 107K | -1000K | -1000K | 786K | 1000K | 0 | 0 | 0 |
| Minority Interest | 3.2M | 2.99M | 2.92M | 1.92M | 1.76M | 1.64M | 1.49M | -3.44M | -2.95M | -3.1M | -3.45M | -3.37M | -3.13M | 437K | 14.5M | 13.69M | 13.63M | 13.98M | 13.52M | 14.67M |
| EPS (Diluted) | -0.10 | -0.07 | -0.10 | -0.13 | -0.13 | -0.07 | -0.10 | -0.09 | -0.08 | 0.01 | -0.04 | -0.06 | 1.05 | -0.21 | 1.49 | -0.10 | -0.11 | 0.06 | -0.04 | -0.03 |
| EPS Growth % | 24.92% | -9.71% | 0% | -50.29% | -55.13% | - | -155.75% | -52.02% | -107.98% | 103% | -102.62% | 43.1% | 1054.55% | -430.71% | 3463.43% | -226.8% | -481.94% | 148.85% | 20.32% | 55.52% |
| EPS (Basic) | -0.10 | -0.07 | -0.10 | -0.13 | -0.13 | -0.07 | -0.10 | -0.09 | -0.08 | 0.01 | -0.04 | -0.06 | 1.15 | -0.21 | 1.49 | -0.10 | -0.11 | 0.06 | -0.05 | -0.03 |
| Diluted Shares Outstanding | 28.63M | 27.86M | 28.51M | 27.2M | 27.1M | 27.14M | 27.2M | 27.31M | 27.11M | 27.1M | 26.24M | 25.3M | 26.42M | 23.19M | 25.72M | 22.88M | 22.88M | 22.73M | 22.73M | 22.37M |
| Basic Shares Outstanding | 28.63M | 27.86M | 28.51M | 27.2M | 27.1M | 27.14M | 27.2M | 27.31M | 27.11M | 27.1M | 26.24M | 25.3M | 24.06M | 23.19M | 25.68M | 22.88M | 22.8M | 22.73M | 21.88M | 22.37M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |