What is KINGSWAY CORP's earnings per share (EPS)?

KINGSWAY CORP (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 CORP (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 $289.3M as of Sep 3, 2026

Price / Sales 1.9x on $154.1M revenue, trailing 12 months to June 30, 2026

Price / Earnings 70.0x on $4.1M net income, trailing 12 months to June 30, 2026

Price / Book 22.6x 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 Sep 3, 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 CORP (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 2026-08-29

Revenue expansion is being absorbed by rising overhead, while investment depends on financing rather than internally generated operating cash.

The FY2022 accounting profit of $15.1M coexisted with operating cash flow of -$14.6M, while FY2024's near-zero loss produced $1.1M of operating cash flow. That pattern means reported earnings have not been a dependable proxy for cash generation across periods.

FY2025 revenue expanded to $135.0M, but the operating margin was -1.8%, showing that growth did not translate into operating profit. Selling, general and administrative expense reached $61.2M, making overhead the clearest visible pressure point.

The balance sheet remains obligation-heavy: a 0.9x current ratio places current assets below current liabilities, while debt-to-equity was 3.9x. Investment outflows reached $29.6M in FY2025 while operating cash flow was essentially zero, and financing supplied $32.7M, linking capital deployment to external funding rather than retained 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 CORP'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 CORP 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 CORP'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 CORP 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 CORP'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 CORP, and counted as zero in the overall score.

Returns

KINGSWAY CORP 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 30/100. This is unchanged from the prior year.

Altman Z-Score Distress

-0.86

KINGSWAY CORP scores -0.86, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($289.3M) 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 CORP 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 CORP 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 CORP 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 CORP 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 CORP'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 CORP 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 CORP 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 CORP 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 CORP 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 CORP 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 CORP'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 CAGR-3.8pp

KINGSWAY CORP'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 CAGR+1.6pp

10Y CAGR+1.9pp

KINGSWAY CORP'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 CORP'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 CORP repurchased no shares in Q2 2026.

Capital Expenditures

$450K

YoY+614.3%

QoQ+15.4%

KINGSWAY CORP 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 CORP Ranks

Frequently Asked Questions

What is KINGSWAY CORP's annual revenue?

KINGSWAY CORP (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 CORP's revenue growing?

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

Is KINGSWAY CORP profitable?

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

What is KINGSWAY CORP's EBITDA?

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

How much debt does KINGSWAY CORP have?

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

What is KINGSWAY CORP's operating margin?

KINGSWAY CORP (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 CORP's net profit margin?

KINGSWAY CORP (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 CORP's return on equity (ROE)?

KINGSWAY CORP (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 CORP's operating cash flow?

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

What are KINGSWAY CORP's total assets?

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

Does KINGSWAY CORP buy back shares?

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

How many shares does KINGSWAY CORP have outstanding?

KINGSWAY CORP (KWY) had 29M shares outstanding as of fiscal year 2025.

What is KINGSWAY CORP's current ratio?

KINGSWAY CORP (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 CORP's debt-to-equity ratio?

KINGSWAY CORP (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 CORP's return on assets (ROA)?

KINGSWAY CORP (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 CORP's P/E ratio?

KINGSWAY CORP (KWY) trades at 70.0x earnings, its market capitalization divided by net income of $4.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $289.3M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is KINGSWAY CORP's price-to-sales ratio?

KINGSWAY CORP (KWY) trades at 1.9x sales, its market capitalization divided by revenue of $154.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $289.3M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is KINGSWAY CORP's Altman Z-Score?

KINGSWAY CORP (KWY) has an Altman Z-Score of -0.86, 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 CORP's Piotroski F-Score?

KINGSWAY CORP (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 CORP's earnings high quality?

KINGSWAY CORP (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 CORP cover its interest payments?

KINGSWAY CORP (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 CORP?

KINGSWAY CORP (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.