Company research
KINGSWAY Corp
CIK 1072627Updated Sep 24, 2026
SecurityKWY · NYSE · equity
Historical securities (1)
KFSYF · NASDAQ · warrant · closed Sep 15, 2023Name history
KINGSWAY FINANCIAL SERVICES INC · through May 11, 2026
KWY price & chart
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Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
4 filing
4 filing
SCHEDULE 13G/A - filed by Capricorn Fund Managers Ltd regarding KINGSWAY Corp
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 231,499,000Source | 186,616,000Source | 197,717,000Source | 285,650,000Source |
| Property, Plant and Equipment, NetUSD | 6,354,000Source | 1,567,000Source | 1,850,000Source | 773,000Source |
| GoodwillUSD | 69,130,000Source | 56,524,000Source | 50,358,000Source | 45,498,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 52,265,000Source | 40,049,000Source | 35,670,000Source | 33,099,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 8,306,000Source | 5,493,000Source | 9,098,000Source | 64,168,000Source |
| Inventory, NetUSD | 1,762,000Source | 700,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 7,014,000Source | 2,390,000Source | 886,000Source | 911,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 197,087,000Source | 168,314,000Source | 173,106,000Source | 263,529,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 296,000Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 394,848,000Source | 376,784,000Source | 379,813,000Source | 359,985,000Source |
| Retained Earnings (Accumulated Deficit)USD | -373,370,000Source | -361,453,000Source | -346,868,000Source | -370,427,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -60,000Source | -718,000Source | -1,540,000Source | 26,605,000Source |
| Stockholders' Equity Attributable to ParentUSD | 15,169,000Source | 8,413,000Source | 27,709,000Source | 15,671,000Source |
| Liabilities and EquityUSD | 231,499,000Source | 186,616,000Source | 197,717,000Source | 285,650,000Source |
| Deferred Income Tax Liabilities, NetUSD | 3,225,000Source | 4,371,000Source | 5,041,000Source | 4,176,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,201,000Source | 1,639,000Source | -3,098,000Source | 437,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 3,225,000Source | 4,371,000Source | 5,041,000Source | 4,176,000Source |
| Dividends PayableUSD | 327,000Source | 166,000Source | — | — |
| Long-term DebtUSD | 70,712,000Source | 57,537,000Source | 44,416,000Source | 102,092,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 792,000Source | — | — | — |
| Short-term InvestmentsUSD | 178,000Source | 169,000Source | 161,000Source | 157,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -10,252,000Source | -8,295,000Source | 24,012,000Source | 15,065,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,721,000Source | 1,785,000Source | 1,639,000Source | 4,052,000Source |
| Deferred Income Tax Expense (Benefit)USD | -4,073,000Source | -537,000Source | -1,924,000Source | 1,406,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,000Source | 1,067,000Source | -26,186,000Source | -14,574,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 29,181,000Source | 20,054,000Source | 13,633,000Source | 13,689,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -29,611,000Source | -16,846,000Source | 6,457,000Source | 100,940,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 46,000Source | -270,000Source | -39,000Source | -258,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 122,000Source | 2,314,000Source | 450,000Source | 396,000Source |
| Payments for Repurchase of Common StockUSD | 345,000Source | 2,504,000Source | 3,204,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 32,749,000Source | 11,444,000Source | -39,963,000Source | -37,932,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,135,000Source | -4,362,000Source | -59,734,000Source | 49,891,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 16,271,000Source | 13,136,000Source | 17,498,000Source | 77,232,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,251,000Source | 4,659,000Source | 24,581,000Source | 1,427,000Source |
| Income Taxes Paid, NetUSD | 237,000Source | -112,000Source | 1,894,000Source | 501,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 8,169,000Source | 6,304,000Source | 5,909,000Source | 6,133,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | -3,000Source | 3,383,000Source | 0Source |
| DepreciationUSD | — | — | 300,000Source | 300,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 9,225,000Source | 6,997,000Source | 6,220,000Source | 6,449,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | 0Source | -620,000Source | -1,988,000Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | 0Source | 438,000Source | 450,000Source | -2,262,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | 0Source | 342,000Source | 37,917,000Source |
| Dividends PayableUSD | 327,000Source | 166,000Source | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | — | -3,000Source | 3,397,000Source | -26,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | -3,000Source | 3,397,000Source | -26,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | 0Source | 229,000Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | -198,000Source | -68,000Source | -4,908,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | 0Source | -1,366,000Source | 16,730,000Source |
| Gain (Loss) on InvestmentsUSD | 714,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | -160,000Source | 31,616,000Source | 0Source |
| General and Administrative ExpenseUSD | 61,224,000Source | 44,925,000Source | 41,805,000Source | 43,519,000Source |
| GoodwillUSD | 69,130,000Source | 56,524,000Source | 50,358,000Source | 45,498,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 706,000Source | 2,848,000Source | — | — |
| Goodwill, Impairment LossUSD | 700,000Source | 732,000Source | 0Source | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 700,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -10,252,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -10,252,000Source | -8,113,000Source | 25,550,000Source | 30,132,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -12,805,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -12,805,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -1,000Source | -162,000Source | -44,000Source | 293,000Source |
| Income Tax Expense (Benefit)USD | -3,752,000Source | -147,000Source | -1,899,000Source | 4,825,000Source |
| Investment Income, InterestUSD | 1,402,000Source | 1,305,000Source | 1,018,000Source | 556,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 479,000Source | — | — | -1,471,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -11,917,000Source | -9,451,000Source | 23,485,000Source | 24,416,000Source |
| Operating Costs and ExpensesUSD | — | — | 27,211,000Source | 18,673,000Source |
| Operating ExpensesUSD | 137,394,000Source | 107,220,000Source | 102,290,000Source | 96,853,000Source |
| Other Nonoperating Income (Expense)USD | 377,000Source | 550,000Source | -1,542,000Source | -206,000Source |
| Other Operating Income (Expense), NetUSD | -11,606,000Source | -10,422,000Source | 22,697,000Source | 38,530,000Source |
| Payments for Repurchase of WarrantsUSD | — | 0Source | 4,031,000Source | — |
| Proceeds from Issuance of Common StockUSD | 15,602,000Source | — | — | — |
| Realized Investment Gains (Losses)USD | 97,000Source | 1,557,000Source | 761,000Source | 1,209,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | -49,000Source | -1,643,000Source | 17,070,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 134,996,000Source | 109,382,000Source | 103,244,000Source | 93,280,000Source |
| Operating Income (Loss)USD | -2,398,000Source | 2,162,000Source | 954,000Source | -3,573,000Source |
| Other Nonoperating Income (Expense)USD | 377,000Source | 550,000Source | -1,542,000Source | -206,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -14,004,000Source | -8,260,000Source | 23,651,000Source | 34,957,000Source |
| Income Tax Expense (Benefit)USD | -3,752,000Source | -147,000Source | -1,899,000Source | 4,825,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 479,000Source | — | — | -1,471,000Source |
| Earnings Per Share, BasicUSD per share | -0.43Source | -0.35Source | 0.91Source | 1.06Source |
| Earnings Per Share, DilutedUSD per share | -0.43Source | -0.35Source | 0.89Source | 0.98Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 27,862,000Source | 27,192,000Source | 25,713,000Source | 22,961,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 27,862,000Source | 27,192,000Source | 26,448,000Source | 25,304,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 8,169,000Source | 6,304,000Source | 5,909,000Source | 6,133,000Source |
| Business Combination, Acquisition Related CostsUSD | 1,400,000Source | 500,000Source | 700,000Source | 1,100,000Source |
| Current Income Tax Expense (Benefit)USD | 321,000Source | 390,000Source | 25,000Source | 3,419,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | -3,000Source | 3,383,000Source | 0Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | 0Source | 438,000Source | 450,000Source | -2,262,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | 0Source | 229,000Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | -198,000Source | -68,000Source | -4,908,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | 0Source | -1,366,000Source | 16,730,000Source |
| Gain (Loss) on InvestmentsUSD | 714,000Source | — | — | — |
| General and Administrative ExpenseUSD | 61,224,000Source | 44,925,000Source | 41,805,000Source | 43,519,000Source |
| Goodwill, Impairment LossUSD | 700,000Source | 732,000Source | 0Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -10,252,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -13,744,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -10,252,000Source | -8,113,000Source | 25,550,000Source | 30,132,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.43Source | -0.34Source | 0.97Source | 1.36Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.43Source | -0.34Source | 0.95Source | 1.25Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -12,805,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -12,805,000Source |
| Interest ExpenseUSD | — | — | 6,250,000Source | 8,092,000Source |
| Interest Expense, DebtUSD | 5,449,000Source | 4,790,000Source | 6,250,000Source | 8,092,000Source |
| Interest Income, OtherUSD | 323,000Source | 387,000Source | 839,000Source | 612,000Source |
| Investment Income, InterestUSD | 1,402,000Source | 1,305,000Source | 1,018,000Source | 556,000Source |
| Investment Income, NetUSD | 1,627,000Source | 1,432,000Source | 1,804,000Source | 2,305,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | 562,000Source | 977,000Source | 453,000Source | -1,471,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -11,917,000Source | -9,451,000Source | 23,485,000Source | 24,416,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -11,917,000Source | -9,269,000Source | 25,023,000Source | 31,297,000Source |
| Net Investment IncomeUSD | 1,627,000Source | 1,432,000Source | 1,804,000Source | 2,305,000Source |
| Operating Costs and ExpensesUSD | — | — | 27,211,000Source | 18,673,000Source |
| Operating ExpensesUSD | 137,394,000Source | 107,220,000Source | 102,290,000Source | 96,853,000Source |
| Other Operating Income (Expense), NetUSD | -11,606,000Source | -10,422,000Source | 22,697,000Source | 38,530,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 1,186,000Source | 179,000Source | 74,000Source | 306,000Source |
| Realized Investment Gains (Losses)USD | 97,000Source | 1,557,000Source | 761,000Source | 1,209,000Source |