KINGSWAY FINANCIAL SERVICES INCKFSEarnings & Financial Report
Kingsway Financial Services Inc. is a specialty financial holding firm that primarily offers property and casualty insurance products, including personal auto, commercial liability and property coverage. It operates mainly across North American markets, catering to individual consumers, small business owners and niche commercial client segments.
KFS Q4 FY2025 Key Financial Metrics
Revenue
$38.6M
Gross Profit
N/A
Operating Profit
$307.0K
Net Profit
$-1.6M
Gross Margin
N/A
Operating Margin
0.8%
Net Margin
-4.1%
YoY Growth
30.1%
EPS
$-0.07
KINGSWAY FINANCIAL SERVICES INC Q4 FY2025 Financial Summary
KINGSWAY FINANCIAL SERVICES INC reported revenue of $38.6M (up 30.1% YoY) for Q4 FY2025, with a net profit of $-1.6M (down 7.8% YoY) (-4.1% margin).
Key Financial Metrics
| Total Revenue | $38.6M |
|---|---|
| Net Profit | $-1.6M |
| Gross Margin | N/A |
| Operating Margin | 0.8% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
KINGSWAY FINANCIAL SERVICES INC Q4 FY2025 revenue of $38.6M breaks down across 6 segments, led by Other at $14.8M (38.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $14.8M | 38.4% |
| Roundhouse Electric Equipment Co Inc | $9.7M | 25.2% |
| MLC Plumbing LLC | $5.7M | 14.8% |
| Systems Products International Incspi | $3.8M | 9.7% |
| Advanced Plumbing And Drain | $2.9M | 7.5% |
| Southside Plumbing | $1.7M | 4.4% |
KINGSWAY FINANCIAL SERVICES INC Revenue by Segment — Quarterly Trend
KINGSWAY FINANCIAL SERVICES INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Roundhouse Electric Equipment Co Inc) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | $14.8M | — | — | $12.1M |
| Roundhouse Electric Equipment Co Inc | $9.7M | — | — | — |
| MLC Plumbing LLC | $5.7M | — | — | — |
| Systems Products International Incspi | $3.8M | — | — | — |
| Advanced Plumbing And Drain | $2.9M | — | — | — |
KINGSWAY FINANCIAL SERVICES INC Annual Revenue by Year
KINGSWAY FINANCIAL SERVICES INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $135.0M).
KINGSWAY FINANCIAL SERVICES INC Quarterly Revenue & Net Profit History
KINGSWAY FINANCIAL SERVICES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $38.6M | +30.1% | $-1.6M | -4.1% |
| Q3 FY2025 | $37.2M | +37.0% | $-2.4M | -6.5% |
| Q2 FY2025 | $30.9M | +16.9% | $-3.2M | -10.2% |
| Q1 FY2025 | $28.3M | +8.4% | $-3.1M | -10.9% |
| Q4 FY2024 | $29.6M | +14.6% | $-1.5M | -5.0% |
| Q3 FY2024 | $27.1M | +9.5% | $-2.3M | -8.5% |
| Q2 FY2024 | $26.4M | +1.0% | $-2.2M | -8.3% |
| Q1 FY2024 | $26.2M | -0.9% | $-2.3M | -8.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.2M | $26.4M | $27.1M | $29.6M | $28.3M | $30.9M | $37.2M | $38.6M |
| YoY Growth | -0.9% | 1.0% | 9.5% | 14.6% | 8.4% | 16.9% | 37.0% | 30.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $198.0M | $192.3M | $191.1M | $186.6M | $192.1M | $207.7M | $235.1M | $231.5M |
| Liabilities | $177.3M | $175.1M | $171.4M | $168.3M | $170.7M | $172.1M | $199.3M | $197.1M |
| Equity | $23.6M | $20.7M | $9.9M | $8.4M | $5.5M | $17.4M | $16.6M | $15.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $249000 | $557000 | $368000 | $1.1M | $-1.8M | $337000 | $1.5M | $-3000 |