Kingsway Financial Services Inc. (KFS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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KFS Revenue Growth
Revenue Breakdown (FY 2025)
KFS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
KFS Revenue Analysis (2014–2025)
As of May 8, 2026, Kingsway Financial Services Inc. (KFS) generated trailing twelve-month (TTM) revenue of $147.1 million, reflecting explosive growth of +35.9% year-over-year. The most recent quarter (Q1 2026) recorded $39.0 million in revenue, down 0.1% sequentially.
Looking at the longer-term picture, KFS's 5-year compound annual growth rate (CAGR) stands at +14.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $193.2 million in 2017.
Revenue diversification analysis shows KFS's business is primarily driven by Service Fees (100%). With over half of revenue concentrated in Service Fees, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including HIHO (-19.7% YoY), KINS (+28.4% YoY), and HRTG (+2.2% YoY), KFS has outperformed the peer group in terms of revenue growth. Compare KFS vs HIHO →
KFS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KFSCurrent | $147M | +35.9% | +14.8% | -4.5% | |
 HIHO | $7M | -19.7% | -10.0% | -7.2% | |
 KINS | $199M | +28.4% | +8.7% | 25.6% | |
 HRTG | $847M | +2.2% | +7.4% | 30.6% | |
 ERIE | $4.1B | +10.8% | +9.9% | 17.7% | |
 KMPR | $4.8B | +0.5% | -1.5% | 3.3% |
KFS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $136.7M | +21.5% | $136.7M | 100.0% | $-6,126,000 | -4.5% |
| 2024 | $112.5M | +4.5% | $112.5M | 100.0% | $-8,260,000 | -7.3% |
| 2023 | $107.7M | -6.1% | $107.7M | 100.0% | $23.7M | 22.0% |
| 2022 | $114.7M | +40.9% | $114.7M | 100.0% | $35.0M | 30.5% |
| 2021 | $81.4M | +18.7% | $81.4M | 100.0% | $-6,630,000 | -8.1% |
| 2020 | $68.6M | +0.5% | $68.6M | 100.0% | $-5,221,000 | -7.6% |
| 2019 | $68.3M | +56.5% | $68.3M | 100.0% | $-1,409,000 | -2.1% |
| 2018 | $43.6M | -77.4% | $36.2M | 83.1% | $-16,208,000 | -37.2% |
| 2017 | $193.2M | +9.4% | $185.5M | 96.0% | $-11,655,000 | -6.0% |
| 2016 | $176.6M | +11.3% | $171.2M | 96.9% | $-6,847,000 | -3.9% |
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Start ComparisonKFS — Frequently Asked Questions
Quick answers to the most common questions about buying KFS stock.
Is KFS's revenue growth accelerating or slowing?
KFS revenue is accelerating at +35.9% year-over-year, exceeding the 5-year CAGR of +14.8%. TTM revenue reached $147M. Growth momentum has increased versus prior periods.
What is KFS's long-term revenue growth rate?
Kingsway Financial Services Inc.'s 5-year revenue CAGR of +14.8% reflects the sustained expansion pattern. Current YoY growth of +35.9% is above this long-term average.
How is KFS's revenue distributed by segment?
KFS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.