Kingsway Finl Stock Price, News & Analysis

Kingsway Financial Services (NYSE:KFS), a public company utilizing the Search Fund model, reported Q2 2025 financial results with consolidated revenue growth of 16.9% to $30.9 million. The company's KSX segment showed strong performance with 42.1% revenue growth to $13.3 million, while Extended Warranty revenue increased 3.1% to $17.6 million.

The company reported a net loss of $3.2 million and reduced total net debt to $46.2 million. In June 2025, KFS completed a $15.7 million private placement at $11.75 per share. The company also announced three strategic acquisitions: Roundhouse Electric ($22.4M), Advanced Plumbing and Drain (up to $5.0M), and The HR Team, collectively adding approximately $23 million in annual revenue and $5.1 million in adjusted EBITDA.

Kingsway Financial Services (NYSE:KFS) announced that its subsidiary Ravix Group has completed the acquisition of The HR Team, a Maryland-based human resources services firm. The acquisition, which closed on August 1, 2025, represents Kingsway Search Xcelerator's 11th acquisition and brings an unaudited pro-forma annual adjusted EBITDA of $0.2 million.

The strategic acquisition enhances Ravix's Office of the CFO platform with expanded HR services capabilities, including HR compliance, organizational development, and outsourced HR support. The deal was funded through cash on hand and a seller note, with The HR Team's founder Eileen Levitt transitioning to an Executive Advisor role.

Kingsway Financial Services (NYSE:KFS) has announced the acquisition of AAA Flexible Pipe Cleaning Corp (Advanced Plumbing and Drain) for $3.5 million, with a potential earn-out of up to $1.5 million. The Cleveland-based plumbing services company, founded in 1926, represents Kingsway Search Xcelerator's 10th acquisition and the second business under the Kingsway Skilled Trades platform.

The transaction includes $3.0 million cash at closing, a $0.5 million seller note due in 2030, and the potential earn-out payable in 2027-2028. Advanced Plumbing and Drain generates unaudited pro-forma annual revenue of $7.0 million and adjusted EBITDA of $0.7 million, with 90% of revenues being recurring or reoccurring. The company's customer base is split between 65% commercial and 35% residential services.

Kingsway Financial Services (NYSE:KFS), the only publicly-traded US company utilizing the Search Fund model for business acquisitions, has scheduled its Q2 2025 financial results announcement for August 7, 2025, after market close.

The company will host a conference call at 5:00 PM Eastern Time on the same day to discuss the results. Investors can access the call through toll-free and international dial-in numbers, with a replay option available afterward. A live webcast of the presentation will also be accessible online.

Kingsway Financial Services (KFS) has announced its acquisition of Roundhouse Electric & Equipment Co. for $22.4 million. The Odessa, Texas-based company provides industrial-scale electric motor maintenance, repair, testing, and sales solutions, primarily serving midstream natural gas pipeline operators and utilities across the Permian Basin.

Roundhouse demonstrates strong financial performance with trailing 12-month unaudited revenue of $16.0 million and adjusted EBITDA of $4.2 million. The company has more than 200 active customers with approximately 90% recurring or reoccurring revenue. The transaction was funded with $10.4 million in cash and $11.0 million from a senior credit facility.

Miles Mamon, Kingsway's Operator-in-Residence, will assume the CEO role, while current Vice President Lee Hudson will remain as President. The acquisition represents KFS's ninth addition to its Search Xcelerator platform.

Kingsway Financial Services (NYSE:KFS), a unique publicly-traded company utilizing the Search Fund model, has announced the closing of a $15.7 million private placement (PIPE) of 1,336,264 common shares at $11.75 per share.

The company has upgraded its acquisition guidance through its Kingsway Search Xcelerator (KSX) program from 2-3 acquisitions per year to 3-5 acquisitions per year. The PIPE funding, combined with operating cash flow and non-dilutive capital sources, will support Kingsway's multi-year growth strategy. The placement was conducted with select institutional investors and was non-brokered.

Kingsway Financial Services (NYSE:KFS) has announced an upcoming Investor Day event at the New York Stock Exchange on Monday, May 19, 2025. The event will feature a fireside chat between Kingsway CEO JT Fitzgerald and Tom Joyce, former President, CEO, and Director of Danaher Corporation. Joyce, who had a 31-year career at Danaher, currently serves on the boards of MedStar Health, Roper Technologies, and the Charter School Growth Fund.

The discussion will explore Danaher Corporation's evolution, the development of the Danaher Business System (DBS), and Joyce's contributions to Kingsway through the KSX Advisory Board. The event begins at 9:30 am ET and will be available both in-person (RSVP required) and via live stream on the company's website.

Kingsway Financial Services (NYSE:KFS) reported its Q1 2025 financial results, showing mixed performance. Consolidated revenue increased 8.4% to $28.3 million, driven by strong growth in its Kingsway Search Xcelerator (KSX) segment, which saw a 23.3% revenue increase to $11.7 million. Extended Warranty revenue remained flat at $16.7 million. The company reported a net loss of $3.1 million, wider than the $2.3 million loss in Q1 2024. Adjusted consolidated EBITDA decreased to $1.4 million from $2.1 million year-over-year. Notable acquisitions include Bud's Plumbing for $5.0 million and ViewPoint, a cloud-native timeshare software firm. The company's total net debt stood at $53.1 million as of March 31, 2025. Management expressed optimism about the Extended Warranty segment's recovery and highlighted a robust KSX deal pipeline.

Kingsway Financial Services (NYSE: KFS), the only publicly-traded US company using the Search Fund model for business acquisitions, has scheduled its Q1 2025 financial results announcement for Thursday, May 8, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time on the same day to discuss the results. Investors can join via toll-free number (877-545-0523; Code: 131755) or international line (973-528-0016; Code: 131755). A live webcast and replay will be available for those unable to attend the live call.