Kingsway Finl (KFS) Stock News

Kingsway (NYSE:KFS) announced on January 7, 2026 that its subsidiary Ravix Group closed the acquisition of Ledgers, Inc. on January 5, 2026. Ledgers provides outsourced accounting to small businesses and nonprofits and produced an unaudited pro-forma adjusted EBITDA of $0.4 million for the 12 months ended September 30, 2025.

The deal expands Ravix's geographic footprint into the Midwest, further diversifies customer end-markets, and is funded with a mix of cash on hand, debt financing, and a seller note; Ravix supplied 100% of required equity capital, with no additional parent funding needed.

Kingsway Financial Services (NYSE:KFS) reported Q3 2025 consolidated revenue of $37.2 million, up 37.0% year-over-year, driven by KSX revenue of $19.0 million (+104.2%) and Extended Warranty revenue of $18.2 million (+2.0%). Consolidated net loss was $2.4 million for the quarter.

Twelve-month run-rate adjusted EBITDA for owned businesses was $20.5M–$22.5M; KSX run-rate adjusted EBITDA rose to $15.5M–$16.5M versus $9.0M–$10.0M a year ago. Extended Warranty cash sales increased 14.2%. Total net debt was $61.4 million as of September 30, 2025. Recent acquisitions include Roundhouse for $22.4M and multiple skilled-trades targets.

Kingsway Financial Services (NYSE:KFS) will report financial results for the three months ended September 30, 2025 after market close on Thursday, November 6, 2025. A conference call and live webcast are scheduled for 5:00 p.m. ET on November 6, 2025, with domestic and international dial-in numbers and a replay available via webcast and phone using passcode 53169.

Investors can join the live webcast at the provided URL and access the replay via the same webcast link or replay phone numbers.

Kingsway Financial Services (NYSE:KFS) announced on October 21, 2025 that Colter Hanson joined as an Operator-in-Residence in the Kingsway Search Xcelerator segment (KSX).

Hanson will search for an acquisition focused on Testing, Inspection, and Certification (TIC) companies in the Midwest, operating from Minneapolis, MN. His background includes work as an Engagement Manager at McKinsey & Company, a mechanical engineering degree from the United States Naval Academy, service as a nuclear submarine officer, Pentagon operations support, and an MBA from Harvard Business School.

Kingsway Financial Services (NYSE:KFS) has announced the acquisition of Southside Plumbing, a leading commercial and residential plumbing services provider in Omaha, Nebraska, for a maximum purchase price of $6.75 million. The deal includes $4.0 million cash at close, a $0.5 million seller note, and a potential earn-out of up to $1.125 million.

Southside Plumbing generates $4.0 million in pro-forma annual revenue and $0.9 million in pro-forma adjusted EBITDA. The company's customer base is 70% commercial and 30% residential, with approximately 70% of trailing 12-month revenues being recurring or reoccurring. The business has shown strong growth of about 20% per year in its service and repair segment.

To support growth, Kingsway Skilled Trades has secured a new credit facility with Newburyport Bank, featuring a fixed-rate commercial term loan at 7.5% with a 7-year amortization schedule, plus access to revolving and equipment credit lines.

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.