Kingstone Financials
This page shows Kingstone (KINS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Internally generated cash is funding balance-sheet expansion even as borrowing shrinks and financing costs collapse from prior loss years.
Cash earnings outran accounting earnings in the latest year: operating cash flow of$75.9M and free cash flow of$73.1M both sat well above net income, so the rebound was not just an accrual-driven profit story. Yet reported cash fell to$12.2M because investing outflows reached$92.9M , which means the company was recycling that cash into asset growth instead of needing lenders to fund it.
The recovery also became less debt-dependent: over the last two reported years, long-term debt fell from
Scale and resilience improved together as revenue reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Kingstone's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Kingstone's revenue surged 38.5% year-over-year to $214.9M, reflecting rapid business expansion. This strong growth earns a score of 70/100.
Kingstone carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Kingstone converts 34.0% of revenue into free cash flow ($73.1M). This strong cash generation earns a score of 90/100.
Kingstone's ROE of 33.2% shows moderate profitability relative to equity, earning a score of 58/100. This is up from 27.5% the prior year.
Kingstone passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Kingstone generates $1.86 in operating cash flow ($75.9M OCF vs $40.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Kingstone generated $214.9M in revenue in fiscal year 2025. This represents an increase of 38.5% from the prior year.
Kingstone reported $40.8M in net income in fiscal year 2025. This represents an increase of 122.1% from the prior year.
Kingstone earned $2.88 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.6% from the prior year.
Cash & Balance Sheet
Kingstone generated $73.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 31.4% from the prior year.
Kingstone held $12.2M in cash against $3.1M in long-term debt as of fiscal year 2025.
Kingstone paid $0.10 per share in dividends in fiscal year 2025.
Kingstone had 14M shares outstanding in fiscal year 2025. This represents an increase of 11.4% from the prior year.
Margins & Returns
Kingstone's net profit margin was 19.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.1 percentage points from the prior year.
Kingstone's ROE was 33.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.7 percentage points from the prior year.
Capital Allocation
Kingstone invested $2.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.1% from the prior year.
KINS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.8M+5.9% | $56.4M+1.4% | $55.7M+6.4% | $52.3M+3.6% | $50.5M+19.9% | $42.1M+3.3% | $40.8M+11.7% | $36.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $70K+2.6% | $68K-6.2% | $73K-5.8% | $77K-66.1% | $227K-63.9% | $629K-30.1% | $901K-9.0% | $990K |
| Income Tax | -$1.6M-143.1% | $3.7M+30.4% | $2.8M-2.8% | $2.9M+248.7% | $836K-32.6% | $1.2M-41.1% | $2.1M+74.7% | $1.2M |
| Net Income | -$5.8M-139.4% | $14.8M+35.8% | $10.9M-3.4% | $11.3M+189.8% | $3.9M-28.6% | $5.4M-22.1% | $7.0M+54.6% | $4.5M |
| EPS (Diluted) | $-0.40 | N/A | $0.74-5.1% | $0.78+188.9% | $0.27 | N/A | $0.55+48.6% | $0.37 |
KINS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $465.3M+2.6% | $453.4M+5.8% | $428.6M+8.9% | $393.4M+2.1% | $385.4M+2.8% | $374.9M+8.0% | $347.0M+8.5% | $319.8M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $11.4M-6.8% | $12.2M-54.5% | $26.8M-20.6% | $33.7M-10.1% | $37.5M+30.8% | $28.7M-15.1% | $33.8M+177.4% | $12.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $350.8M+6.1% | $330.7M+3.0% | $320.9M+7.5% | $298.5M-1.5% | $303.2M-1.6% | $308.2M+7.3% | $287.3M+3.0% | $279.0M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $2.8M-10.7% | $3.1M-9.5% | $3.5M-8.6% | $3.8M-7.8% | $4.1M-4.6% | $4.3M-73.7% | $16.4M-34.9% | $25.3M |
| Total Equity | $114.5M-6.7% | $122.7M+14.0% | $107.7M+13.5% | $94.9M+15.4% | $82.2M+23.2% | $66.7M+11.8% | $59.7M+46.2% | $40.8M |
| Retained Earnings | $28.1M-18.9% | $34.6M+68.4% | $20.5M+97.9% | $10.4M+1288.6% | -$873K+81.6% | -$4.8M+53.3% | -$10.2M+40.6% | -$17.2M |
KINS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.7M-61.8% | $22.8M-12.1% | $25.9M+179.6% | $9.3M-48.1% | $17.9M-22.3% | $23.0M+5.7% | $21.7M+205.5% | $7.1M |
| Capital Expenditures | $836K+17.0% | $715K+9.5% | $652K+13.1% | $577K-33.2% | $863K+44.3% | $598K-14.6% | $700K+40.8% | $498K |
| Free Cash Flow | $7.9M-64.3% | $22.1M-12.6% | $25.3M+190.6% | $8.7M-48.8% | $17.0M-24.1% | $22.4M+6.4% | $21.0M+217.9% | $6.6M |
| Investing Cash Flow | -$8.2M+77.5% | -$36.5M-14.6% | -$31.9M-151.4% | -$12.7M-7.0% | -$11.8M+54.5% | -$26.0M-6712.6% | $394K-80.1% | $2.0M |
| Financing Cash Flow | -$1.3M-48.5% | -$898K+12.1% | -$1.0M-167.7% | -$382K-113.6% | $2.8M+237.9% | -$2.0M-271.1% | -$549K-356.8% | -$120K |
| Dividends Paid | $722K+2.1% | $707K | N/A | N/A | $0 | $0 | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KINS Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -9.7%-35.9pp | 26.2%+6.6pp | 19.5%-2.0pp | 21.5%+13.8pp | 7.7%-5.2pp | 12.9%-4.2pp | 17.1%+4.7pp | 12.4% |
| Return on Equity | -5.1%-17.1pp | 12.0%+1.9pp | 10.1%-1.8pp | 11.9%+7.1pp | 4.7%-3.4pp | 8.2%-3.5pp | 11.7%+0.6pp | 11.1% |
| Return on Assets | -1.3%-4.5pp | 3.3%+0.7pp | 2.5%-0.3pp | 2.9%+1.9pp | 1.0%-0.4pp | 1.5%-0.6pp | 2.0%+0.6pp | 1.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.020.0 | 0.030.0 | 0.030.0 | 0.04-0.0 | 0.05-0.0 | 0.06-0.2 | 0.28-0.3 | 0.62 |
| FCF Margin | 13.2%-26.0pp | 39.1%-6.3pp | 45.4%+28.8pp | 16.6%-17.0pp | 33.7%-19.5pp | 53.2%+1.6pp | 51.6%+33.5pp | 18.1% |
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Frequently Asked Questions
What is Kingstone's annual revenue?
Kingstone (KINS) reported $214.9M in total revenue for fiscal year 2025. This represents a 38.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kingstone's revenue growing?
Kingstone (KINS) revenue grew by 38.5% year-over-year, from $155.1M to $214.9M in fiscal year 2025.
Is Kingstone profitable?
Yes, Kingstone (KINS) reported a net income of $40.8M in fiscal year 2025, with a net profit margin of 19.0%.
How much debt does Kingstone have?
As of fiscal year 2025, Kingstone (KINS) had $12.2M in cash and equivalents against $3.1M in long-term debt.
What is Kingstone's net profit margin?
Kingstone (KINS) had a net profit margin of 19.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Kingstone pay dividends?
Yes, Kingstone (KINS) paid $0.10 per share in dividends during fiscal year 2025.
What is Kingstone's return on equity (ROE)?
Kingstone (KINS) has a return on equity of 33.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kingstone's free cash flow?
Kingstone (KINS) generated $73.1M in free cash flow during fiscal year 2025. This represents a 31.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kingstone's operating cash flow?
Kingstone (KINS) generated $75.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Kingstone's total assets?
Kingstone (KINS) had $453.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Kingstone's capital expenditures?
Kingstone (KINS) invested $2.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Kingstone's debt-to-equity ratio?
Kingstone (KINS) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kingstone's return on assets (ROA)?
Kingstone (KINS) had a return on assets of 9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kingstone's Piotroski F-Score?
Kingstone (KINS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kingstone's earnings high quality?
Kingstone (KINS) has an earnings quality ratio of 1.86x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Kingstone?
Kingstone (KINS) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.