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Side-by-side financial comparison of KINGSWAY FINANCIAL SERVICES INC (KFS) and Veritone, Inc. (VERI). 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 $26.6M, roughly 1.4× Veritone, Inc.). KINGSWAY FINANCIAL SERVICES INC runs the higher net margin — -4.1% vs -109.8%, a 105.7% gap on every dollar of revenue. On growth, KINGSWAY FINANCIAL SERVICES INC posted the faster year-over-year revenue change (30.1% vs 21.1%). Over the past eight quarters, Veritone, Inc.'s revenue compounded faster (39.0% CAGR vs 21.4%).

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.

Veritone, Inc. is an American artificial intelligence technology company based in Irvine, California founded in 2014. It serves a variety of industries including media, professional sports teams, federal government agencies, energy utilities, and state and local police departments.

KFS vs VERI — Head-to-Head

Bigger by revenue
KFS
KFS
1.4× larger
KFS
$38.6M
$26.6M
VERI
Growing faster (revenue YoY)
KFS
KFS
+9.0% gap
KFS
30.1%
21.1%
VERI
Higher net margin
KFS
KFS
105.7% more per $
KFS
-4.1%
-109.8%
VERI
Faster 2-yr revenue CAGR
VERI
VERI
Annualised
VERI
39.0%
21.4%
KFS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KFS
KFS
VERI
VERI
Revenue
$38.6M
$26.6M
Net Profit
$-1.6M
$-29.2M
Gross Margin
Operating Margin
0.8%
-68.2%
Net Margin
-4.1%
-109.8%
Revenue YoY
30.1%
21.1%
Net Profit YoY
-7.8%
-34.5%
EPS (diluted)
$-0.07

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
VERI
VERI
Q4 25
$38.6M
Q3 25
$37.2M
$26.6M
Q2 25
$30.9M
$23.2M
Q1 25
$28.3M
$22.5M
Q4 24
$29.6M
$22.4M
Q3 24
$27.1M
$22.0M
Q2 24
$26.4M
$24.1M
Q1 24
$26.2M
$24.2M
Net Profit
KFS
KFS
VERI
VERI
Q4 25
$-1.6M
Q3 25
$-2.4M
$-29.2M
Q2 25
$-3.2M
$-26.5M
Q1 25
$-3.1M
$-19.9M
Q4 24
$-1.5M
$31.8M
Q3 24
$-2.3M
$-21.7M
Q2 24
$-2.2M
$-22.2M
Q1 24
$-2.3M
$-25.2M
Gross Margin
KFS
KFS
VERI
VERI
Q4 25
Q3 25
Q2 25
72.6%
Q1 25
Q4 24
Q3 24
71.2%
Q2 24
72.6%
Q1 24
70.8%
Operating Margin
KFS
KFS
VERI
VERI
Q4 25
0.8%
Q3 25
-2.3%
-68.2%
Q2 25
-3.6%
-82.0%
Q1 25
-2.5%
-96.3%
Q4 24
6.5%
-93.8%
Q3 24
-2.5%
-102.3%
Q2 24
0.5%
-84.4%
Q1 24
2.9%
-100.9%
Net Margin
KFS
KFS
VERI
VERI
Q4 25
-4.1%
Q3 25
-6.5%
-109.8%
Q2 25
-10.2%
-114.2%
Q1 25
-10.9%
-88.5%
Q4 24
-5.0%
141.7%
Q3 24
-8.5%
-98.9%
Q2 24
-8.3%
-92.4%
Q1 24
-8.9%
-104.3%
EPS (diluted)
KFS
KFS
VERI
VERI
Q4 25
$-0.07
Q3 25
$-0.10
Q2 25
$-0.13
$-0.53
Q1 25
$-0.13
$-0.41
Q4 24
$-0.08
$0.85
Q3 24
$-0.10
$-0.57
Q2 24
$-0.08
$-0.59
Q1 24
$-0.09
$-0.67

Balance Sheet & Financial Strength

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

Metric
KFS
KFS
VERI
VERI
Cash + ST InvestmentsLiquidity on hand
$8.5M
$36.2M
Total DebtLower is stronger
$70.7M
$35.4M
Stockholders' EquityBook value
$15.2M
$15.5M
Total Assets
$231.5M
$198.6M
Debt / EquityLower = less leverage
4.66×
2.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KFS
KFS
VERI
VERI
Q4 25
$8.5M
Q3 25
$9.5M
$36.2M
Q2 25
$12.3M
$13.6M
Q1 25
$6.5M
$16.1M
Q4 24
$5.7M
$16.9M
Q3 24
$6.7M
$11.4M
Q2 24
$9.8M
$46.0M
Q1 24
$12.3M
$90.7M
Total Debt
KFS
KFS
VERI
VERI
Q4 25
$70.7M
Q3 25
$70.7M
$35.4M
Q2 25
$58.3M
$37.3M
Q1 25
$59.5M
$39.2M
Q4 24
$57.5M
$41.2M
Q3 24
$58.5M
$73.6M
Q2 24
$47.3M
$75.6M
Q1 24
$47.1M
$77.5M
Stockholders' Equity
KFS
KFS
VERI
VERI
Q4 25
$15.2M
Q3 25
$16.6M
$15.5M
Q2 25
$17.4M
$3.5M
Q1 25
$5.5M
$14.8M
Q4 24
$8.4M
$13.5M
Q3 24
$9.9M
$-25.2M
Q2 24
$20.7M
$-5.7M
Q1 24
$23.6M
$14.9M
Total Assets
KFS
KFS
VERI
VERI
Q4 25
$231.5M
Q3 25
$235.1M
$198.6M
Q2 25
$207.7M
$188.1M
Q1 25
$192.1M
$199.6M
Q4 24
$186.6M
$198.1M
Q3 24
$191.1M
$336.4M
Q2 24
$192.3M
$321.8M
Q1 24
$198.0M
$359.6M
Debt / Equity
KFS
KFS
VERI
VERI
Q4 25
4.66×
Q3 25
4.25×
2.28×
Q2 25
3.34×
10.71×
Q1 25
10.91×
2.66×
Q4 24
6.84×
3.06×
Q3 24
5.88×
Q2 24
2.29×
Q1 24
2.00×
5.21×

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
VERI
VERI
Operating Cash FlowLast quarter
$-3.0K
$-15.9M
Free Cash FlowOCF − Capex
$-17.1M
FCF MarginFCF / Revenue
-64.2%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KFS
KFS
VERI
VERI
Q4 25
$-3.0K
Q3 25
$1.5M
$-15.9M
Q2 25
$337.0K
$-8.2M
Q1 25
$-1.8M
$-17.0M
Q4 24
$1.1M
$-500.0K
Q3 24
$368.0K
$3.6M
Q2 24
$557.0K
$-42.7M
Q1 24
$249.0K
$14.9M
Free Cash Flow
KFS
KFS
VERI
VERI
Q4 25
Q3 25
$1.3M
$-17.1M
Q2 25
$-9.2M
Q1 25
$-18.4M
Q4 24
$-1.7M
Q3 24
$1.9M
Q2 24
$-44.1M
Q1 24
$13.1M
FCF Margin
KFS
KFS
VERI
VERI
Q4 25
Q3 25
3.4%
-64.2%
Q2 25
-39.6%
Q1 25
-81.9%
Q4 24
-7.4%
Q3 24
8.6%
Q2 24
-183.4%
Q1 24
54.2%
Capex Intensity
KFS
KFS
VERI
VERI
Q4 25
Q3 25
0.5%
4.6%
Q2 25
4.1%
Q1 25
6.0%
Q4 24
5.2%
Q3 24
0.0%
7.7%
Q2 24
5.9%
Q1 24
7.6%
Cash Conversion
KFS
KFS
VERI
VERI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.02×
Q3 24
Q2 24
Q1 24

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%

VERI
VERI

Software Products And Services$20.9M78%
Other$2.3M9%
Public Sector$2.0M7%
Representation Services$1.5M6%

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