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Kingsway Financial Services Inc.(KFS)Earnings, Financials & Key Ratios
KFS•NYSE
$10.23
Price updated Jun 20, 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$137M+21.5%
- EBITDA-$5M-278.4%
- Net Income-$11M-15.7%
- EPS (Diluted)-0.43-26.5%
- Gross Margin100%
- EBITDA Margin-3.5%-211.4%
- Operating Margin-10.24%-39.5%
- Net Margin-7.85%+4.7%
- ROE-40.71%+5.8%
KFS Price & Volume
Kingsway Financial Services Inc. (KFS) stock price & volume — 10-year historical chart
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Acquisition Driven Growth Faces Persistent Margin Deficits
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Strained
Cash Flow:Burning
Primary Risk:Persistent Operating Margin Deficit
Key Thesis Takeaways
- Kingsway Financial Services utilizes a Search Xcelerator model to drive top-line expansion, evidenced by a 37.4% year-over-year revenue growth rate in 2026Q1.
- However, the company struggles to achieve operational break-even, as evidenced by a -1.9% operating margin and a persistent $376.2 million negative retained earnings balance.
- Investors should monitor whether the company can scale its niche service subsidiaries sufficiently to overcome the high overhead costs inherent in its public holding company structure.
Verdict Logic
the company's inability to generate consistent positive net income, combined with a -7.4% ROE as of 2026Q1, suggests that the current acquisition-led model lacks the necessary operational efficiency to justify its current valuation.
KFS Growth Metrics
Kingsway Financial Services Inc. (KFS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.48%
5 Years14.79%
3 Years6.03%
TTM30.39%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM0.18%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-4.58%
Return on Capital
10 Years-0.29%
5 Years1.37%
3 Years-0.4%
Last Year-6.7%
KFS Recent Earnings
Kingsway Financial Services Inc. (KFS) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.10
—
Rev
$39M
—
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.07
—
Rev
$39M
—
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.10
—
Rev
$38M
—
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.13
—
Rev
$31M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.10 | $39M |
| Q2 2026 | Mar 12, 2026 | $0.07 | $39M |
| Q4 2025 | Nov 6, 2025 | $0.10 | $38M |
| Q3 2025 | Aug 7, 2025 | $0.13 | $31M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Kingsway Financial Services Inc. (KFS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $10.23 | $296.12M | -23.79 | 21.5% | -7.85% | -40.71% | 0.36% | |
| $0.83 | $3.82M | 34.49 | 17.26% | -8.71% | -8.53% | — | |
| $20.27 | $293.61M | 7.04 | 28.39% | 14.91% | 0.11% | — | |
| $27.20 | $825.52M | 4.30 | 3.71% | 25.99% | 43.68% | — | |
| $256.37 | $11.84B | 24.14 | 7.17% | 13.2% | 25.03% | — | |
| $29.50 | $1.74B | 12.88 | 3.62% | 0.89% | 1.53% | — |
Compare KFS vs Peers
Kingsway Financial Services Inc. (KFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KFS SEC Filings & Documents
Kingsway Financial Services Inc. (KFS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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KFS Frequently Asked Questions
Kingsway Financial Services Inc. (KFS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Kingsway Financial Services Inc.'s revenue?
Kingsway Financial Services Inc. (KFS) reported $147.5M in revenue for fiscal year 2025. This represents a 70% increase from $86.6M in 1996.
How fast is Kingsway Financial Services Inc. growing?
Kingsway Financial Services Inc. (KFS) grew revenue by 21.5% over the past year. This is strong growth.
Is KFS profitable?
Kingsway Financial Services Inc. (KFS) reported a net loss of $10.0M for fiscal year 2025.
Dividend & Returns
Does KFS pay dividends?
Yes, Kingsway Financial Services Inc. (KFS) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.
What is KFS's return on equity?
Kingsway Financial Services Inc. (KFS) has a return on equity (ROE) of -40.7%. Negative ROE indicates the company is unprofitable.
What is Kingsway Financial Services Inc.'s free cash flow?
Kingsway Financial Services Inc. (KFS) had negative free cash flow of $0.3M in fiscal year 2025, likely due to heavy capital investments.