Kingsway Financial Services
Acquires and operates recurring-revenue service businesses through KSX and warranty units.
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Profile
Kingsway Financial Services is a Chicago holding company listed on the NYSE. It runs two segments: Kingsway Search Xcelerator, which acquires and operates service businesses, and Extended Warranty, which administers vehicle, HVAC, generator, lighting and refrigeration warranty products.
Kingsway Financial Services is a Delaware holding company headquartered in Chicago with operating subsidiaries in the United States. Its strategy is built around the search-fund model, using operator-led acquisitions to add asset-light services businesses with recurring revenue. The Kingsway Search Xcelerator segment includes finance and human-resources consulting, executive staffing, healthcare staffing, outsourced cardiac telemetry, property-management software, IT managed services, electric-motor service and repair, and skilled-trades plumbing businesses.
The Extended Warranty segment markets and administers vehicle service agreements through credit unions and dealers and offers warranty and maintenance support products for HVAC, standby generator, commercial lighting and refrigeration equipment. The company depends on disciplined acquisition sourcing, the ability of portfolio operators to run acquired businesses, warranty distribution relationships, claims experience and service demand across its mixed operating-company base.
Company facts
Categories
Key statistics
Year to date −13.3% · Average volume (30d) 58.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 7, 2026Q1 FY26 | — | −$0.10 | — | — | $39.4M | — | +10.28% |
| Mar 12, 2026Q4 FY25 | — | −$0.07 | — | — | $39.0M | — | −5.29% |
| Nov 6, 2025Q3 FY25 | — | −$0.10 | — | — | $37.7M | — | −10.82% |
| Aug 7, 2025Q2 FY25 | — | −$0.13 | — | — | $30.9M | — | −2.73% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $28.7M | $31.5M | $37.7M | $39.0M | $39.4M | $39.4M | |
| Gross profit | $28.7M | $31.5M | $37.7M | $39.0M | $13.1M | $17.1M | |
| Operating income | −$3.4M | −$3.3M | −$865.0K | −$2.9M | −$740.0K | −$109.0K | |
| Net income | −$3.2M | −$3.3M | −$2.5M | −$1.7M | −$2.5M | −$941.0K | |
| Diluted EPS | −$0.13 | −$0.13 | −$0.10 | −$0.07 | −$0.10 | −$0.03 | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 33.3% | 43.4% | |
| Operating margin | -11.7% | -10.5% | -2.3% | -7.4% | -1.9% | -0.3% |
Fiscal years (4-quarter sums)FY21 $83.9M · FY22 $90.6M · FY23 $108.0M · FY24 $111.1M · FY25 $136.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $7.4M · Total debt $22.8M · Total assets $227.8M · Shareholders' equity $12.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 28.63M · Float 20.80M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Stilwell Value LLC | 3.36M | 11.75% | 13F | May 6, 2026 |
| Adam J. Patinkin | 3.02M | 10.30% of class | 13D | May 20, 2026 |
| 1272562 Ontario Inc | 2.39M | 8.24% of class | 13D | Dec 18, 2025 |
| Gregory Paul Hannon · director | 1.99M | 6.94% | Form 4 | Dec 19, 2025 |
| Oakmont Capital Inc · 10 percent owner | 1.99M | 6.94% | Form 4 | Dec 19, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 30, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +229 | $10.93 |
| Apr 30, 2026 | Kent A. Hansen | officer: CFO & EVP | +143 | $10.93 |
| Apr 15, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +211 | $11.85 |
| Mar 30, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +244 | $10.22 |
| Mar 30, 2026 | Kent A. Hansen | officer: CFO & EVP | +153 | $10.22 |
Peers
Not reported.