earnings
confidence high
sentiment neutral
materiality 0.75
Kingsway Q4 revenue up 30% to $38.6M; KSX revenue surges 63.6%; net loss $1.6M
KINGSWAY FINANCIAL SERVICES INC
- Q4 consolidated revenue $38.6M (+30% YoY); full-year revenue $135.0M (+23.4%).
- Q4 net loss $1.6M vs $1.5M; full-year net loss $10.3M vs $8.3M.
- Q4 adjusted EBITDA $2.7M (KSX $2.5M, Ext. Warranty $0.8M); full-year adj. EBITDA $7.8M.
- KSX segment revenue $64.2M (+58.5% FY); Extended Warranty cash sales up 11% in Q4.
- Targets 3-5 acquisitions in 2026; acquired Ledgers in Jan 2026 adding ~$0.4M adj. EBITDA.