What is Kingsway Corporation's earnings per share (EPS)?

Kingsway Corporation (KWY) reported diluted earnings per share of -$0.43 for fiscal year 2025. This represents a -22.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Kingsway Corporation (KWY) Financials

KWY

Trailing 12 months to June 30, 2026

Revenue $154.1M +32.8% YoY

Net Income $4.1M +336.2% YoY

EPS (Diluted) -$0.30 +30.2% YoY

Operating Cash Flow $2.7M +321.2% YoY

Market Cap $278.3M as of Oct 21, 2026

Price / Sales 1.8x on $154.1M revenue, trailing 12 months to June 30, 2026

Price / Earnings 67.3x on $4.1M net income, trailing 12 months to June 30, 2026

Price / Book 21.7x on $12.8M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KWY SEC filings page.

Kingsway Corporation (KWY) reported $154.1M in revenue over the twelve months to Jun 30, 2026, up 32.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI KWY FY2025 2026-10-03

Revenue is expanding, but rising overhead and a leveraged balance sheet prevent that growth from becoming dependable operating profit.

Revenue reached $135.0M in FY2025 while operating margin moved to -1.8% from 2.0%, showing growth did not translate into operating improvement. That reversal coincided with SG&A rising to $61.2M from $44.9M, pointing to expansion being absorbed by overhead rather than fixed-cost leverage.

Balance-sheet leverage remains material: liabilities were $197.1M against equity of $15.2M, producing a debt-to-equity ratio of 3.9x. A current ratio of 0.9x also indicates current liabilities slightly exceed current assets, leaving limited short-term cushion in the reported structure.

Cash conversion is weak but not sharply disconnected from earnings: FY2025 operating cash flow was nearly zero at -$3K alongside a net loss of $10K. Compared with $1.1M of operating cash flow in FY2024, the latest result suggests the business is not turning near-breakeven accounting results into meaningful internal cash generation.

Financial Health Signals

Financial Health Score 26/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Kingsway Corporation'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.

Profitability

Kingsway Corporation has an operating margin of -1.8%, meaning the company loses $2 on every $100 of revenue. This results in a profitability score of 30/100. This is down from 2.0% the prior year.

Growth

Kingsway Corporation's revenue surged 23.4% year-over-year to $135.0M, reflecting rapid business expansion. This strong growth earns a score of 74/100.

Leverage

Kingsway Corporation has elevated debt relative to equity (D/E of 3.89), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.

Liquidity

Kingsway Corporation's current ratio of 0.92 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Not available for Kingsway Corporation, and counted as zero in the overall score.

Returns

Kingsway Corporation posts a -0.1% return on equity (ROE), meaning it loses less than $1 for every $100 of shareholders' equity. This results in a returns score of 29/100. This is unchanged from the prior year.

Altman Z-Score Distress

-0.90

Kingsway Corporation scores -0.90, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($278.3M) relative to total liabilities ($197.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/7

Kingsway Corporation passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Kingsway Corporation reported a net loss of $10K while operations used $3K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Kingsway Corporation reported an operating loss of $2.4M against $5.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$39.4M

YoY+27.6%

QoQ+1.2%

5Y CAGR+12.3%

10Y CAGR-0.4%

Kingsway Corporation generated $39.4M in revenue in Q2 2026. This represents an increase of 27.6% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

EBITDA

$2.4M

YoY+224.5%

QoQ-19.3%

5Y CAGR+0.1%

Kingsway Corporation's EBITDA was $2.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 224.5% from the same quarter a year earlier. Against the prior quarter it is down 19.3%.

Net Income

$157K

YoY+105.0%

QoQ+106.9%

Kingsway Corporation reported $157K in net income in Q2 2026. This represents an increase of 105.0% from the same quarter a year earlier. Against the prior quarter it is up 106.9%.

EPS (Diluted)

-$0.03

YoY+76.9%

QoQ+70.0%

Kingsway Corporation earned -$0.03 per diluted share (EPS) in Q2 2026. This represents an increase of 76.9% from the same quarter a year earlier. Against the prior quarter it is up 70.0%.

Cash & Balance Sheet

Free Cash Flow

$754K

YoY+175.2%

QoQ+289.4%

Kingsway Corporation generated $754K in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 175.2% from the same quarter a year earlier. Against the prior quarter it is up 289.4%.

Cash & Debt

$7.4M

YoY-39.0%

QoQ+1.3%

5Y CAGR-15.5%

10Y CAGR-15.5%

Kingsway Corporation held $7.4M in cash against $44.5M in long-term debt as of Q2 2026.

Shares Outstanding

29M

YoY+0.2%

QoQ-0.1%

5Y CAGR+3.8%

Kingsway Corporation had 29M shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

43.4%

YoY+1.3pp

QoQ-1.1pp

Kingsway Corporation's gross margin was 43.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Operating Margin

-0.3%

YoY+3.4pp

QoQ-1.5pp

5Y change-3.8pp

Kingsway Corporation's operating margin was -0.3% in Q2 2026, reflecting core business profitability. This is up 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.5 percentage points.

Net Margin

0.4%

YoY+10.6pp

QoQ+6.2pp

5Y change+1.6pp

10Y change+1.9pp

Kingsway Corporation's net profit margin was 0.4% in Q2 2026, showing the share of revenue converted to profit. This is up 10.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.2 percentage points.

Return on Equity

1.2%

YoY+19.4pp

QoQ+18.5pp

Kingsway Corporation's ROE was 1.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 19.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.5 percentage points.

Capital Allocation

Share Buybacks

Kingsway Corporation repurchased no shares in Q2 2026.

Capital Expenditures

$450K

YoY+614.3%

QoQ+15.4%

Kingsway Corporation invested $450K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 614.3% from the same quarter a year earlier. Against the prior quarter it is up 15.4%.

R&D Spending

Not reported for Q2 2026.

KWY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KWY quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$154.1M	$135.0M+23.4%	$109.4M+5.9%	$103.2M+10.7%	$93.3M+19.0%	$78.4M+28.6%	$61.0M+1.7%	$59.9M+15.1%	$52.1M+16.8%	$44.6M-74.8%	$176.6M+10.4%	$160.0M+1.1%	$158.2M-8.2%	$172.3M+7.9%	$159.6M-30.2%	$228.5M
SG&A Expenses	$67.9M	$61.2M+36.3%	$44.9M+7.5%	$41.8M-3.9%	$43.5M-3.8%	$45.2M+7.5%	$42.1M+16.1%	$36.3M+22.0%	$29.7M+8.9%	$27.3M-34.4%	$41.6M-0.3%	$41.8M+0.4%	$41.6M-47.9%	$79.8M+8.1%	$73.9M-5.2%	$77.9M
Operating Income	-$182K	-$2.4M-210.9%	$2.2M+126.6%	$954K+126.7%	-$3.6M-653.8%	-$474K+90.9%	-$5.2M-270.5%	-$1.4M+38.6%	-$2.3M-133.8%	$6.8M+195.9%	-$7.1M-298.3%	-$1.8M-218.6%	$1.5M+111.1%	-$13.5M+45.1%	-$24.6M	N/A
EBITDA	N/A	$6.8M-25.5%	$9.2M+27.7%	$7.2M+149.4%	$2.9M-37.4%	$4.6M+204.8%	$1.5M-72.6%	$5.5M+24.7%	$4.4M-63.7%	$12.2M+383.7%	-$4.3M-6227.1%	$70K-97.9%	$3.3M+134.0%	-$9.7M+55.4%	-$21.6M	N/A
Interest Expense	$5.7M	$5.4M+13.8%	$4.8M-23.4%	$6.3M-22.8%	$8.1M+31.3%	$6.2M-20.2%	$7.7M-14.1%	$9.0M+21.4%	$7.4M+16.7%	$6.3M+41.2%	$4.5M-14.8%	$5.3M-6.5%	$5.6M-22.3%	$7.3M-4.9%	$7.6M+2.1%	$7.5M
Income Tax	-$3.2M	-$3.8M-2452.4%	-$147K+92.3%	-$1.9M-139.4%	$4.8M+223.2%	-$3.9M-251.2%	-$1.1M-207.2%	-$363K-215.2%	$315K+101.9%	-$16.7M-71.7%	-$9.7M-10551.6%	$93K+107.6%	-$1.2M-1722.4%	-$67K-102.2%	$3.0M+1885.2%	-$169K
Net Income	$4.1M	-$10K-23.6%	-$8K-134.5%	$24K-99.8%	$15.1M+709.9%	$1.9M+123.9%	-$7.8M-12.8%	-$6.9M+77.5%	-$30.7M-81.3%	-$16.9M-3345.6%	$522K-58.9%	$1.3M+109.9%	-$12.8M+65.2%	-$36.9M+29.2%	-$52.1M-158.6%	-$20.1M
EPS (Basic)	N/A	-$0.43-22.9%	-$0.35-138.5%	$0.91-14.2%	$1.06+2750.0%	-$0.04+88.6%	-$0.35-9.4%	-$0.32+77.3%	-$1.41-78.5%	-$0.79-8000.0%	$0.01-75.0%	$0.04+105.3%	-$0.75+71.3%	-$2.61+35.6%	-$4.05-93.8%	-$2.09
EPS (Diluted)	-$0.30	-$0.43-22.9%	-$0.35-139.3%	$0.89	$0.98+2550.0%	-$0.04+88.6%	-$0.35-9.4%	-$0.32+77.3%	-$1.41-78.5%	-$0.79	$0.01	$0.04	-$0.75+71.3%	-$2.61+35.6%	-$4.05-93.8%	-$2.09
Diluted Shares (Avg)	N/A	28M+2.5%	27M+2.8%	26M	25M+12.3%	23M+1.6%	22M+1.4%	22M+0.6%	22M+0.8%	22M	20M	20M	17M+23.3%	14M+7.3%	13M+0.5%	13M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$39.4M+27.6%	$39.0M+37.4%	$38.6M+30.1%	$37.2M+37.0%	$30.9M+16.9%	$28.3M+8.4%	$29.6M+14.6%	$27.1M+9.5%
Gross Profit	$17.1M+31.6%	$17.3M+42.7%	N/A	N/A	$13.0M	$12.2M	N/A	N/A
SG&A Expenses	$16.8M+20.5%	$16.5M+29.9%	$17.3M+48.4%	$17.2M+45.0%	$14.0M+26.7%	$12.7M+22.9%	$11.7M+2.2%	$11.9M+15.0%
Operating Income	-$109K+90.3%	$485K+167.9%	$307K-84.2%	-$865K-28.7%	-$1.1M-993.7%	-$714K-193.1%	$1.9M+661.2%	-$672K-223.1%
EBITDA	$2.4M+224.5%	$3.0M+165.9%	$3.2M-23.9%	$1.8M+97.4%	$735K-58.8%	$1.1M-51.8%	$4.1M+112.6%	$925K-29.7%
Interest Expense	$1.4M+9.2%	$1.4M+14.7%	$1.4M+10.6%	$1.5M+28.3%	$1.3M+8.9%	$1.2M+7.4%	$1.3M+15.8%	$1.2M+10.6%
Income Tax	$185K+241.2%	-$47K+82.2%	-$1.3M-267.1%	-$2.0M-9861.9%	-$131K-226.0%	-$264K-414.3%	-$356K+86.9%	$21K+120.6%
Net Income	$157K+105.0%	-$2.3M+26.6%	$8.7M+27.0%	-$2.4M-4.3%	-$3.2M-44.8%	-$3.1M-32.8%	$6.8M+126.8%	-$2.3M-242.4%
EPS (Basic)	-$0.03+76.9%	-$0.10+23.1%	-$0.070.0%	-$0.100.0%	-$0.13-62.5%	-$0.13-44.4%	-$0.07+22.2%	-$0.10-150.0%
EPS (Diluted)	-$0.03+76.9%	-$0.10+23.1%	-$0.070.0%	-$0.100.0%	-$0.13-62.5%	-$0.13-44.4%	-$0.07+12.5%	-$0.10-150.0%
Diluted Shares (Avg)	29M+5.2%	29M+5.6%	N/A	29M+4.8%	27M-0.4%	27M0.0%	N/A	27M+3.7%

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses.

KWY Balance Sheet

KWY quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$231.5M+24.1%	$186.6M-5.6%	$197.7M-30.8%	$285.6M-39.9%	$475.6M+5.1%	$452.5M+13.2%	$399.6M+5.7%	$378.2M-25.4%	$506.7M+1.1%	$501.0M+107.9%	$241.0M-20.1%	$301.7M-7.1%	$324.6M-12.9%	$372.8M-0.3%	$374.1M
Current Assets	$76.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$8.3M+51.2%	$5.5M-39.6%	$9.1M-85.8%	$64.2M+536.3%	$10.1M-29.8%	$14.4M+6.6%	$13.5M-7.8%	$14.6M+171.9%	$5.4M-85.3%	$36.5M-29.5%	$51.7M-27.4%	$71.2M-26.9%	$97.5M+20.7%	$80.8M-5.5%	$85.5M
Short-Term Investments	$178K+5.3%	$169K+5.0%	$161K+2.5%	$157K0.0%	$157K0.0%	$157K+1.3%	$155K+2.0%	$152K+0.7%	$151K-62.3%	$401K+0.3%	$400K0.0%	$400K-20.2%	$501K-14.4%	$585K-97.1%	$20.3M
Inventory	$1.8M+146.8%	$714K	N/A	N/A	N/A	N/A	N/A	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	$9.5M+31.4%	$7.2M+119.7%	$3.3M-12.9%	$3.8M-26.4%	$5.1M	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$69.1M+22.3%	$56.5M+12.2%	$50.4M+10.7%	$45.5M-7.6%	$49.3M-59.3%	$121.1M+47.5%	$82.1M+10.0%	$74.7M-7.6%	$80.8M+13.8%	$71.1M+605.1%	$10.1M0.0%	$10.1M-4.8%	$10.6M+25.7%	$8.4M+1551.2%	$510K
Total Liabilities	$197.1M+17.1%	$168.3M-2.8%	$173.1M-34.3%	$263.5M-42.8%	$460.9M+6.2%	$433.8M+14.5%	$378.9M+8.8%	$348.2M-22.8%	$450.8M+3.0%	$437.8M+129.3%	$190.9M-24.7%	$253.5M-11.9%	$287.7M-6.4%	$307.4M+19.3%	$257.7M
Current Liabilities	$83.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Non-Current Liabilities	$113.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$59.0M+2.5%	$57.5M+29.5%	$44.4M-56.5%	$102.1M+8.5%	$94.1M-64.9%	$268.3M+3.8%	$258.5M+2.1%	$253.3M+3.7%	$244.1M+4.5%	$233.7M+485.7%	$39.9M-26.5%	$54.3M-5.9%	$57.7M-5.7%	$61.2M+591.5%	$8.8M
Total Equity	$15.2M+80.3%	$8.4M-69.6%	$27.7M+76.8%	$15.7M+373.8%	-$5.7M-186.5%	-$2.0M-328.6%	$874K-93.0%	$12.5M-69.9%	$41.4M-26.1%	$56.0M+33.5%	$42.0M+12.0%	$37.5M+5.6%	$35.5M-45.5%	$65.1M-47.3%	$123.4M
Retained Earnings	-$373.4M-3.3%	-$361.5M-4.2%	-$346.9M+6.4%	-$370.4M+6.3%	-$395.1M-0.1%	-$394.8M-1.7%	-$388.1M-1.5%	-$382.2M-22.9%	-$311.0M-4.5%	-$297.7M-0.2%	-$297.2M+1.3%	-$301.0M-0.7%	-$298.9M-14.1%	-$262.1M-30.2%	-$201.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$227.8M+9.7%	$232.2M+20.9%	$231.5M+24.1%	$235.1M+23.0%	$207.7M+8.0%	$192.1M-3.0%	$186.6M-5.6%	$191.1M-3.5%
Current Assets	$79.2M	$78.1M	$76.5M	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$7.4M-39.0%	$7.3M+14.1%	$8.3M+51.2%	$9.3M+42.8%	$12.1M+25.9%	$6.4M-47.4%	$5.5M-39.6%	$6.5M-67.8%
Short-Term Investments	$179K+3.5%	$178K+4.1%	$178K+5.3%	$174K+4.8%	$173K+4.8%	$171K+4.9%	$169K+5.0%	$166K+3.8%
Inventory	N/A	N/A	$1.8M+146.8%	N/A	N/A	N/A	$714K	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$65.4M+13.6%	$69.8M+21.6%	$69.1M+22.3%	$69.5M+22.2%	$57.5M+13.3%	$57.4M+13.8%	$56.5M+12.2%	$56.9M0.0%
Total Liabilities	$195.5M+13.6%	$199.6M+17.0%	$197.1M+17.1%	$199.3M+16.3%	$172.1M-1.7%	$170.7M-3.8%	$168.3M-2.8%	$171.4M+0.9%
Current Liabilities	$90.7M	$85.0M	$83.6M	N/A	N/A	N/A	N/A	N/A
Non-Current Liabilities	$104.8M	$114.6M	$113.5M	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$44.5M-23.7%	$55.3M-7.0%	$59.0M+2.5%	$70.7M+21.0%	$58.3M+23.4%	$59.5M+26.4%	$57.5M+29.5%	$58.5M+42.8%
Total Equity	$12.8M-26.5%	$13.2M+141.2%	$15.2M+80.3%	$16.6M+67.5%	$17.4M-15.6%	$5.5M-76.9%	$8.4M-69.6%	$9.9M-68.5%
Retained Earnings	-$377.1M-2.3%	-$376.2M-3.1%	-$373.4M-3.3%	-$371.3M-3.2%	-$368.5M-4.8%	-$364.9M-4.4%	-$361.5M-4.2%	-$359.7M-4.2%

Not reported in any period shown, so not listed: Accounts Receivable.

KWY Cash Flow Statement

KWY quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.7M	-$3K-100.3%	$1.1M+104.1%	-$26.2M-79.7%	-$14.6M-146.7%	-$5.9M-453.3%	$1.7M+120.3%	$759K+107.5%	-$10.1M+29.6%	-$14.4M+7.6%	-$15.6M+52.5%	-$32.8M-100.8%	-$16.3M+60.9%	-$41.8M+10.5%	-$46.7M+38.6%	-$76.1M
Depreciation & Amortization	N/A	$9.2M+31.8%	$7.0M+12.5%	$6.2M-3.6%	$6.4M+27.3%	$5.1M-24.7%	$6.7M-2.7%	$6.9M+3.1%	$6.7M+24.5%	$5.4M+93.9%	$2.8M+50.7%	$1.8M+3.2%	$1.8M-53.4%	$3.8M+29.9%	$3.0M+30.1%	$2.3M
Stock-Based Compensation	N/A	$1.7M-3.6%	$1.8M+8.9%	$1.6M-59.6%	$4.1M+12.6%	$3.6M+166.3%	$1.4M+9.8%	$1.2M+174.1%	-$1.7M-240.1%	$1.2M+16.8%	$1.0M+26.6%	$802K-35.3%	$1.2M+281.2%	$325K-8.2%	$354K+1056.8%	-$37K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$830K+289.7%	$213K	N/A	N/A	N/A	$645K+217.7%	$203K-95.6%	-$4.7M+313.5%	$1.1M+562.4%	$170K-87.4%	$1.3M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$6.7M-561.8%	$1.5M	N/A	N/A	N/A	-$16.2M+50.8%	-$33.0M-57.2%	-$21.0M+51.1%	-$42.9M+8.4%	-$46.9M+39.5%	-$77.5M
Investing Cash Flow	-$12.6M	-$29.6M-75.8%	-$16.8M-360.9%	$6.5M-93.6%	$100.9M+1274.0%	-$8.6M-314.5%	$4.0M+162.0%	-$6.5M-132.3%	$20.0M-0.3%	$20.1M+329.2%	-$8.8M-133.5%	$26.2M+256.8%	-$16.7M-127.8%	$60.0M	N/A	N/A
Financing Cash Flow	$5.6M	$32.7M+186.2%	$11.4M+128.6%	-$40.0M-5.4%	-$37.9M-6924.4%	-$540K-104.0%	$13.6M+940.0%	$1.3M+132.0%	-$4.1M-288.3%	$2.2M-76.2%	$9.1M+170.7%	-$12.9M-290.6%	$6.8M+1650.8%	-$437K+88.9%	-$3.9M+50.3%	-$7.9M
Dividends Paid	N/A	N/A	N/A	$0	$0	$0	$0-100.0%	$1.0M+64.4%	$620K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$345K-86.2%	$2.5M-21.8%	$3.2M	$0	N/A	N/A	N/A	N/A	$0-100.0%	$125K	$0	$0	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.2M+257.3%	-$8K+99.6%	-$10K+90.7%	$1.5M+298.9%	$337K-39.5%	-$1.8M-822.1%	-$107K+88.5%	$368K+144.1%
Depreciation & Amortization	$2.5M+34.0%	$2.5M+35.4%	$2.8M+31.6%	$2.7M+68.5%	$1.9M+12.3%	$1.8M+18.6%	$2.2M+22.9%	$1.6M+4.8%
Stock-Based Compensation	$1.3M+333.3%	$320K-24.0%	N/A	$600K-33.3%	$300K0.0%	$421K+31.6%	N/A	$900K
Capital Expenditures	$450K+614.3%	$390K+519.0%	N/A	$188K	-$63K	$63K	N/A	N/A
Free Cash Flow	$754K+175.2%	-$398K+78.6%	N/A	$1.3M	$274K	-$1.9M	N/A	N/A
Investing Cash Flow	$4.3M+141.1%	-$994K+68.8%	$281K+164.4%	-$16.2M+6.5%	-$10.5M-1057.5%	-$3.2M-1816.9%	-$436K+95.7%	-$17.3M-1203.8%
Financing Cash Flow	-$5.5M-135.3%	-$220K-103.8%	-$829K+43.2%	$12.1M-14.6%	$15.7M+529.6%	$5.8M+146.6%	-$1.5M-160.5%	$14.2M+196.4%
Share Buybacks	$0	$0-100.0%	$0	$0-100.0%	$0-100.0%	$345K+439.1%	$0-100.0%	$1.6M+106.4%

Not reported in any period shown, so not listed: Dividends Paid.

KWY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KWY quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	-1.8%-3.8pp	2.0%+1.1pp	0.9%+4.8pp	-3.8%-3.2pp	-0.6%+8.0pp	-8.6%-6.2pp	-2.4%+2.0pp	-4.4%-19.6pp	15.2%+19.2pp	-4.0%-2.9pp	-1.1%-2.1pp	0.9%+8.8pp	-7.8%+7.6pp	-15.4%	N/A
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%-16.1pp	16.2%+13.8pp	2.4%+15.2pp	-12.8%-1.3pp	-11.5%+47.5pp	-59.0%-21.0pp	-38.0%-38.3pp	0.3%-0.5pp	0.8%+8.9pp	-8.1%+13.3pp	-21.4%+11.2pp	-32.6%-23.8pp	-8.8%
Return on Equity	-0.1%0.0pp	-0.1%-0.2pp	0.1%-96.0pp	96.1%	N/A	N/A	-790.0%-543.5pp	-246.5%-205.6pp	-41.0%-41.9pp	0.9%-2.1pp	3.0%+37.2pp	-34.2%+69.7pp	-103.9%-23.9pp	-80.0%-63.7pp	-16.3%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%-5.3pp	5.3%+4.9pp	0.4%+2.1pp	-1.7%0.0pp	-1.7%+6.4pp	-8.1%-4.8pp	-3.3%-3.4pp	0.1%-0.4pp	0.5%+4.8pp	-4.3%+7.1pp	-11.3%+2.6pp	-14.0%-8.6pp	-5.4%
Current Ratio	0.92	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.89-2.9x	6.84+5.2x	1.60-4.9x	6.51	N/A	N/A	295.80+275.5x	20.32+14.4x	5.90+1.7x	4.17+3.2x	0.95-0.5x	1.45-0.2x	1.63+0.7x	0.94+0.9x	0.07
Asset Turnover	0.580.0x	0.59+0.1x	0.52+0.2x	0.33+0.2x	0.160.0x	0.130.0x	0.150.0x	0.140.0x	0.09-0.3x	0.35-0.3x	0.66+0.1x	0.520.0x	0.53+0.1x	0.43-0.2x	0.61
FCF Margin	N/A	N/A	N/A	N/A	-8.6%-11.0pp	2.4%	N/A	N/A	N/A	-9.2%+11.4pp	-20.6%-7.4pp	-13.3%+11.6pp	-24.9%+4.5pp	-29.4%+4.5pp	-33.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	43.4%+1.3pp	44.5%+1.6pp	N/A	N/A	42.1%	42.9%	N/A	N/A
Operating Margin	-0.3%+3.4pp	1.2%+3.8pp	0.8%-5.8pp	-2.3%+0.1pp	-3.6%-4.1pp	-2.5%-5.5pp	6.6%+5.6pp	-2.5%-1.6pp
Net Margin	0.4%+10.6pp	-5.8%+5.1pp	22.5%-0.5pp	-6.5%+2.0pp	-10.2%-2.0pp	-10.9%-2.0pp	23.0%+121.5pp	-8.5%-5.8pp
Return on Equity	1.2%+19.4pp	-17.3%+39.4pp	57.1%-24.0pp	-14.5%+8.8pp	-18.1%-7.6pp	-56.7%-46.8pp	81.0%+173.0pp	-23.3%-21.1pp
Return on Assets	0.1%+1.6pp	-1.0%+0.6pp	3.7%+0.1pp	-1.0%+0.2pp	-1.5%-0.4pp	-1.6%-0.4pp	3.6%+16.5pp	-1.2%-0.9pp
Current Ratio	0.87	0.92	0.92	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.47+0.1x	4.21-6.7x	3.89-2.9x	4.25-1.6x	3.34+1.1x	10.91+8.9x	6.84+5.2x	5.88+4.6x
Asset Turnover	0.170.0x	0.170.0x	0.170.0x	0.160.0x	0.150.0x	0.150.0x	0.160.0x	0.140.0x
FCF Margin	1.9%+1.0pp	-1.0%+5.5pp	N/A	3.4%	0.9%	-6.6%	N/A	N/A

Note: The current ratio is below 1.0 (0.92), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where Kingsway Corporation Ranks

Frequently Asked Questions

What is Kingsway Corporation's annual revenue?

Kingsway Corporation (KWY) reported $135.0M in total revenue for fiscal year 2025. This represents a 23.4% 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 Kingsway Corporation's revenue growing?

Kingsway Corporation (KWY) revenue grew by 23.4% year-over-year, from $109.4M to $135.0M in fiscal year 2025.

Is Kingsway Corporation profitable?

No, Kingsway Corporation (KWY) reported a net income of -$10K in fiscal year 2025, with a net profit margin of 0.0%.

What is Kingsway Corporation's EBITDA?

Kingsway Corporation (KWY) had EBITDA of $6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Kingsway Corporation have?

As of fiscal year 2025, Kingsway Corporation (KWY) had $8.3M in cash and equivalents against $59.0M in long-term debt.

What is Kingsway Corporation's operating margin?

Kingsway Corporation (KWY) had an operating margin of -1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Kingsway Corporation's net profit margin?

Kingsway Corporation (KWY) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Kingsway Corporation's return on equity (ROE)?

Kingsway Corporation (KWY) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Kingsway Corporation's operating cash flow?

Kingsway Corporation (KWY) recorded an outflow of $3K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Kingsway Corporation's total assets?

Kingsway Corporation (KWY) had $231.5M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Kingsway Corporation buy back shares?

Yes, Kingsway Corporation (KWY) spent $345K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Kingsway Corporation have outstanding?

Kingsway Corporation (KWY) had 29M shares outstanding as of fiscal year 2025.

What is Kingsway Corporation's current ratio?

Kingsway Corporation (KWY) had a current ratio of 0.92 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Kingsway Corporation's debt-to-equity ratio?

Kingsway Corporation (KWY) had a debt-to-equity ratio of 3.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kingsway Corporation's return on assets (ROA)?

Kingsway Corporation (KWY) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Kingsway Corporation's P/E ratio?

Kingsway Corporation (KWY) trades at 67.3x earnings, its market capitalization divided by net income of $4.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $278.3M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Kingsway Corporation's price-to-sales ratio?

Kingsway Corporation (KWY) trades at 1.8x sales, its market capitalization divided by revenue of $154.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $278.3M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Kingsway Corporation's Altman Z-Score?

Kingsway Corporation (KWY) has an Altman Z-Score of -0.90, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Kingsway Corporation's Piotroski F-Score?

Kingsway Corporation (KWY) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Kingsway Corporation's earnings high quality?

Kingsway Corporation (KWY) reported a net loss of $10K while operations used $3K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

Can Kingsway Corporation cover its interest payments?

Kingsway Corporation (KWY) reported an operating loss of $2.4M against $5.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Kingsway Corporation?

Kingsway Corporation (KWY) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.