Kingsway
Acquirer and operator of decentralized service businesses and vehicle-service-contract platforms.
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Profile
Combines a search-fund acquisition platform with vehicle-service-contract administration. Revenue comes from independently run service businesses and warranty fees recognized over the expected work of each contract, tying results to operator execution and distributor channels.
Operates a decentralized holding company of service businesses through Kingsway Search Xcelerator and Extended Warranty. KSX combines outsourced finance and accounting, managed IT, healthcare staffing and cardiac monitoring, resort software, electric-motor repair, and plumbing brands. It acquires smaller companies through an operator-in-residence model, places the operator in the chief executive role, and supports subsidiaries through the Kingsway Business System.
Extends vehicle service agreements through credit-union and dealer channels, collecting cash at contract sale while recognizing service-fee revenue over expected administration and claims work. Operations are primarily U.S.-based, with a portfolio managed separately at the subsidiary level. Results depend on acquisitions and capable operators, distributor relationships and vehicle sales, claims pricing and restricted trusts, skilled labor, and decentralized IT infrastructure.
Company facts
Key statistics
Year to date −11.5% · Average volume (30d) 65.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | −$0.03 | — | — | $39.4M | — | +12.78% |
| May 7, 2026Q1 FY26 | — | −$0.10 | — | — | $39.0M | — | +10.28% |
Financial highlights
| 5 quarters | — | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $31.5M | $37.6M | $39.0M | $39.0M | $39.4M | |
| Gross profit | — | $13.5M | $16.8M | $17.9M | $17.3M | $17.1M | |
| Operating income | — | −$3.3M | −$4.5M | −$1.3M | −$1.9M | −$2.5M | |
| Net income | — | −$3.3M | −$2.5M | −$1.7M | −$2.5M | −$617.0K | |
| Diluted EPS | — | −$0.13 | −$0.10 | −$0.07 | −$0.10 | −$0.03 | |
| Gross margin | — | 42.9% | 44.6% | 45.9% | 44.5% | 43.4% | |
| Operating margin | — | -10.5% | -11.9% | -3.4% | -4.8% | -6.4% |
Balance sheet, Jun 30, 2026Cash & short-term investments $46.1M · Total debt $68.4M · Total assets $227.8M · Shareholders' equity $29.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 28.95M · Float 21.08M
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 |
|---|---|---|---|---|
| John Taylor Maloney Fitzgerald · director, officer: President and CEO | 1.43M | 4.93% | Form 4 | Aug 18, 2026 |
| Joshua Horowitz · director | 381.1K | 1.32% | Form 4 | Aug 20, 2026 |
| Joseph Stilwell · director, 10 percent owner: | 330.7K | 1.14% | Form 4 | Aug 17, 2026 |
| Kent A. Hansen · officer: CFO & EVP | 136.2K | 0.47% | Form 4 | Aug 18, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Joshua Horowitz | director | +769 | $9.89 |
| Aug 19, 2026 | Joshua Horowitz | director | +7,034 | $9.84 |
| Aug 18, 2026 | Joshua Horowitz | director | +1,300 | $9.75 |
| Aug 17, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +254 | $9.87 |
| Aug 17, 2026 | Kent A. Hansen | officer: CFO & EVP | +158 | $9.87 |
Peers
- Assurant
Vehicle service contracts contest dealer and credit-union channels.
- AMN
Travel and per-diem nurse staffing for acute-care facilities.
- CBIZ
Outsourced accounting and fractional CFO services for businesses.
- ePlus
Managed IT, cybersecurity and equipment sales for business clients.
