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Side-by-side financial comparison of KINGSWAY FINANCIAL SERVICES INC (KFS) and MOGU Inc. (MOGU). Click either name above to swap in a different company.

KINGSWAY FINANCIAL SERVICES INC is the larger business by last-quarter revenue ($38.6M vs $19.5M, roughly 2.0× MOGU Inc.). KINGSWAY FINANCIAL SERVICES INC runs the higher net margin — -4.1% vs -44.3%, a 40.2% gap on every dollar of revenue. On growth, KINGSWAY FINANCIAL SERVICES INC posted the faster year-over-year revenue change (30.1% vs -12.4%).

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.

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

KFS vs MOGU — Head-to-Head

Bigger by revenue
KFS
KFS
2.0× larger
KFS
$38.6M
$19.5M
MOGU
Growing faster (revenue YoY)
KFS
KFS
+42.4% gap
KFS
30.1%
-12.4%
MOGU
Higher net margin
KFS
KFS
40.2% more per $
KFS
-4.1%
-44.3%
MOGU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KFS
KFS
MOGU
MOGU
Revenue
$38.6M
$19.5M
Net Profit
$-1.6M
$-8.6M
Gross Margin
0.0%
Operating Margin
0.8%
-71.6%
Net Margin
-4.1%
-44.3%
Revenue YoY
30.1%
-12.4%
Net Profit YoY
-7.8%
-5.0%
EPS (diluted)
$-0.07
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KFS
KFS
MOGU
MOGU
Q4 25
$38.6M
Q3 25
$37.2M
Q2 25
$30.9M
Q1 25
$28.3M
$19.5M
Q4 24
$29.6M
Q3 24
$27.1M
Q2 24
$26.4M
Q1 24
$26.2M
$22.2M
Net Profit
KFS
KFS
MOGU
MOGU
Q4 25
$-1.6M
Q3 25
$-2.4M
Q2 25
$-3.2M
Q1 25
$-3.1M
$-8.6M
Q4 24
$-1.5M
Q3 24
$-2.3M
Q2 24
$-2.2M
Q1 24
$-2.3M
$-8.2M
Gross Margin
KFS
KFS
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Operating Margin
KFS
KFS
MOGU
MOGU
Q4 25
0.8%
Q3 25
-2.3%
Q2 25
-3.6%
Q1 25
-2.5%
-71.6%
Q4 24
6.5%
Q3 24
-2.5%
Q2 24
0.5%
Q1 24
2.9%
-49.4%
Net Margin
KFS
KFS
MOGU
MOGU
Q4 25
-4.1%
Q3 25
-6.5%
Q2 25
-10.2%
Q1 25
-10.9%
-44.3%
Q4 24
-5.0%
Q3 24
-8.5%
Q2 24
-8.3%
Q1 24
-8.9%
-37.0%
EPS (diluted)
KFS
KFS
MOGU
MOGU
Q4 25
$-0.07
Q3 25
$-0.10
Q2 25
$-0.13
Q1 25
$-0.13
$0.00
Q4 24
$-0.08
Q3 24
$-0.10
Q2 24
$-0.08
Q1 24
$-0.09
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KFS
KFS
MOGU
MOGU
Cash + ST InvestmentsLiquidity on hand
$8.5M
$52.3M
Total DebtLower is stronger
$70.7M
Stockholders' EquityBook value
$15.2M
$70.1M
Total Assets
$231.5M
$118.3M
Debt / EquityLower = less leverage
4.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KFS
KFS
MOGU
MOGU
Q4 25
$8.5M
Q3 25
$9.5M
Q2 25
$12.3M
Q1 25
$6.5M
$52.3M
Q4 24
$5.7M
Q3 24
$6.7M
Q2 24
$9.8M
Q1 24
$12.3M
$58.2M
Total Debt
KFS
KFS
MOGU
MOGU
Q4 25
$70.7M
Q3 25
$70.7M
Q2 25
$58.3M
Q1 25
$59.5M
Q4 24
$57.5M
Q3 24
$58.5M
Q2 24
$47.3M
Q1 24
$47.1M
Stockholders' Equity
KFS
KFS
MOGU
MOGU
Q4 25
$15.2M
Q3 25
$16.6M
Q2 25
$17.4M
Q1 25
$5.5M
$70.1M
Q4 24
$8.4M
Q3 24
$9.9M
Q2 24
$20.7M
Q1 24
$23.6M
$81.5M
Total Assets
KFS
KFS
MOGU
MOGU
Q4 25
$231.5M
Q3 25
$235.1M
Q2 25
$207.7M
Q1 25
$192.1M
$118.3M
Q4 24
$186.6M
Q3 24
$191.1M
Q2 24
$192.3M
Q1 24
$198.0M
$130.0M
Debt / Equity
KFS
KFS
MOGU
MOGU
Q4 25
4.66×
Q3 25
4.25×
Q2 25
3.34×
Q1 25
10.91×
Q4 24
6.84×
Q3 24
5.88×
Q2 24
2.29×
Q1 24
2.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KFS
KFS
MOGU
MOGU
Operating Cash FlowLast quarter
$-3.0K
$-9.4M
Free Cash FlowOCF − Capex
$-10.7M
FCF MarginFCF / Revenue
-55.2%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KFS
KFS
MOGU
MOGU
Q4 25
$-3.0K
Q3 25
$1.5M
Q2 25
$337.0K
Q1 25
$-1.8M
$-9.4M
Q4 24
$1.1M
Q3 24
$368.0K
Q2 24
$557.0K
Q1 24
$249.0K
$-5.6M
Free Cash Flow
KFS
KFS
MOGU
MOGU
Q4 25
Q3 25
$1.3M
Q2 25
Q1 25
$-10.7M
Q4 24
Q3 24
Q2 24
Q1 24
$-18.6M
FCF Margin
KFS
KFS
MOGU
MOGU
Q4 25
Q3 25
3.4%
Q2 25
Q1 25
-55.2%
Q4 24
Q3 24
Q2 24
Q1 24
-84.0%
Capex Intensity
KFS
KFS
MOGU
MOGU
Q4 25
Q3 25
0.5%
Q2 25
Q1 25
7.1%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
58.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KFS
KFS

Other$14.8M38%
Roundhouse Electric Equipment Co Inc$9.7M25%
MLC Plumbing LLC$5.7M15%
Systems Products International Incspi$3.8M10%
Advanced Plumbing And Drain$2.9M8%
Southside Plumbing$1.7M4%

MOGU
MOGU

Segment breakdown not available.

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