---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-008042"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T15:06:17.748048+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kingsway FY2024 revenue +5.9% to $109.4M; net loss of $8.3M; acquires Bud's Plumbing

## Summary
- Revenue grew 5.9% to $109.4M; net loss $8.3M vs prior year net income of $24.0M (incl $31.6M debt extinguishment gain).
- Adjusted consolidated EBITDA rose to $10.6M from $9.1M; KSX segment adjusted EBITDA +14.9% to $6.6M.
- Acquired Bud’s Plumbing for $5M cash plus $1.25M seller note; adds $6M annual revenue and $0.8M annual EBITDA, immediately accretive.
- Repurchased 355,750 shares for $2.8M, exhausting buyback program; issued 240,000 shares of new Class C Preferred for $6M in Feb 2025.

## SEC filing metadata
- accession: 0001437749-25-008042
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000143774925008042/0001437749-25-008042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774925008042/kfs20240927_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-008042
- JSON: https://secwatch.observer/filing/0001437749-25-008042.json
- Plain text: https://secwatch.observer/filing/0001437749-25-008042.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.