---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-015595"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:23:05.336420+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kingsway Q1 revenue up 37% to $39M; adjusted EBITDA $2.4M; reiterates 3-5 acquisitions for 2026

## Summary
- Consolidated revenue grew 37% YoY to $39.0M; KSX revenue surged 81% to $21.1M.
- Consolidated adjusted EBITDA rose to $2.4M vs $1.4M; KSX adjusted EBITDA up 82% to $3.5M.
- Net loss narrowed to $2.2M from $3.1M; total net debt $63.9M as of March 31.
- Portfolio LTM EBITDA estimated at $22M-$23M; target of 3-5 acquisitions in 2026 reiterated.
- Board elected Adam Patinkin Chairman, approved proposed name change to Kingsway Corporation and ticker to KWY.

## SEC filing metadata
- accession: 0001437749-26-015595
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1072627/000143774926015595/0001437749-26-015595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/kfs20260316_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-015595
- JSON: https://secwatch.observer/filing/0001437749-26-015595.json
- Plain text: https://secwatch.observer/filing/0001437749-26-015595.txt

## Source-grounded claims
- claim_id: 158a5cdad669ab1a594532e27a3032a4494c3610
  claim: KINGSWAY FINANCIAL SERVICES INC reported three months ended March 31, 2026 results: revenue $39.0 million. Guidance reaffirmed.
  evidence_excerpt: 99.1 ex_933530.htm Exhibit 99.1 KINGSWAY REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS -- Q1 2026 Ahead of Budget for both KSX and Extended Warranty-- -- Revenue Growth of 37% to $39.0 Million -- -- KSX Revenue Growth of 81% to $21.1 Million -- -- Extended Warranty Revenue Growth of 7% to $17.9 Million -- -- Reiterates Target of Three to Five Acquisitions in 2026 -- --
  evidence_url: https://www.sec.gov/Archives/edgar/data/1072627/000143774926015595/0001437749-26-015595-index.htm

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