---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-033603"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:20:36.112324+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kingsway Q3 revenue up 37% to $37.2M; KSX segment becomes majority of revenue for first time

## Summary
- Consolidated revenue $37.2M (+37% YoY); net loss $2.4M vs $2.3M in prior-year quarter.
- KSX revenue surged 104% to $19.0M; Extended Warranty revenue up 2% to $18.2M.
- Adjusted EBITDA $2.1M (down $0.9M YoY) as Extended Warranty margin compressed due to growth costs.
- Acquired Roundhouse Electric ($22.4M), Advanced Plumbing ($3.5M + earn-out), Southside Plumbing (80% for $5.625M) in Q3.
- KSX run-rate adjusted EBITDA $15.5–16.5M; Extended Warranty run-rate adjusted EBITDA $5.0–6.0M.

## SEC filing metadata
- accession: 0001437749-25-033603
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000143774925033603/0001437749-25-033603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774925033603/kfs20250825_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-033603
- JSON: https://secwatch.observer/filing/0001437749-25-033603.json
- Plain text: https://secwatch.observer/filing/0001437749-25-033603.txt

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