---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-007967"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T12:53:08.409746+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kingsway Q4 revenue up 30% to $38.6M; KSX revenue surges 63.6%; net loss $1.6M

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-007967
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2026-03-12T23:59:59+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/1072627/000143774926007967/0001437749-26-007967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774926007967/kfs20251030_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-007967
- JSON: https://secwatch.observer/filing/0001437749-26-007967.json
- Plain text: https://secwatch.observer/filing/0001437749-26-007967.txt

## Key facts
- Earnings Releases
  KINGSWAY FINANCIAL SERVICES INC reported for the three and twelve months ended December 31, 2025 results: revenue $38.6 million, net income Consolidated net loss was $1.6 million.
  - Period: for the three and twelve months ended December 31, 2025
  - Revenue: $38.6 million
  - Net income: Consolidated net loss was $1.6 million
  - Result: reported results
  source text: --- EX-99.1 2 ex_879805.htm EXHIBIT 99.1 ex_879805.htm Exhibit 99.1 KINGSWAY REPORTS FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS -- Q4 2025 Revenue Growth of 30% to $38.6 Million -- -- Q4 2025 KSX Revenue Growth of 64% to $20.3 Million -- -- Q4 2025 Extended Warranty Revenue Growth of 6% to $18.3 Million; Extended Warranty Cash Sales up 11% -- --
  evidence_url: https://www.sec.gov/Archives/edgar/data/1072627/000143774926007967/0001437749-26-007967-index.htm

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