---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015491"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:02:49.849440+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kingsway Q1 revenue rises 8.4% to $28.3M, net loss widens to $3.1M; two KSX acquisitions closed

## Summary
- Revenue $28.3M (+8.4% YoY); net loss $3.1M vs $2.3M loss prior year.
- KSX segment revenue +23.3% to $11.7M; KSX adj. EBITDA +23.2% to $1.9M.
- Extended Warranty revenue flat at $16.7M; adj. EBITDA fell to $0.8M from $1.4M.
- Acquired Bud's Plumbing for $5.0M (adds $6M rev, $0.8M EBITDA) and SPI bought ViewPoint software firm.
- Total net debt $53.1M as of March 31, 2025, up from $52.0M at year-end.

## SEC filing metadata
- accession: 0001437749-25-015491
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000143774925015491/0001437749-25-015491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774925015491/kfs20250122_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015491
- JSON: https://secwatch.observer/filing/0001437749-25-015491.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015491.txt

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