Kingsway Financial Services (NYSE:KWY) Issues Earnings Results

Posted by George Bondi on Aug 7th, 2026

Kingsway Financial Services (NYSE:KWY – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, FiscalAI reports. The company had revenue of $39.44 million during the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.

Here are the key takeaways from Kingsway Financial Services’ conference call:

Record operating performance: Q2 revenue rose 27.6% year over year to $39.4 million, consolidated adjusted EBITDA increased to $5.2 million from $1.7 million, and Portfolio EBITDA reached a record $7.2 million.
KSX delivered strong growth: Kingsway Search Xcelerator adjusted EBITDA reached a quarterly record $4.3 million, more than tripling over the past eight quarters, supported by broad portfolio performance, customer wins, and retention.
Acquisition activity and outlook remain favorable: Image Solutions acquired Romeo Computer Company for $2.4 million, adding approximately $2.5 million of revenue and $0.5 million of adjusted EBITDA, while Kingsway reaffirmed its targets of three to five acquisitions and double-digit organic growth in 2026.
Several businesses remain in transition: DDI is absorbing sales investments ahead of expected customer wins, Southside recorded a low six-figure write-down, and three subsidiaries representing less than 10% of Portfolio EBITDA breached loan covenants; waivers have been obtained or are being pursued.
Portfolio performance was mixed: Roundhouse and Kingsway Skilled Trades posted flat sequential EBITDA largely due to timing and legacy project issues, while SNS may be stabilizing under new leadership after a prolonged nurse-staffing downturn.

Kingsway Financial Services Stock Performance

KWY stock traded up $0.92 during midday trading on Friday, hitting $10.00. The company’s stock had a trading volume of 16,816 shares, compared to its average volume of 77,109. The stock has a market cap of $289.50 million, a price-to-earnings ratio of -25.00 and a beta of 0.24. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.56. The stock’s 50-day moving average price is $9.88 and its 200 day moving average price is $11.39. Kingsway Financial Services has a 1 year low of $8.41 and a 1 year high of $16.51.

Insider Buying and Selling at Kingsway Financial Services

In other Kingsway Financial Services news, CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the transaction, the chief executive officer directly owned 29,100 shares in the company, valued at $294,783. The trade was a 14.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joshua Horowitz purchased 3,800 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $9.91 per share, for a total transaction of $37,658.00. Following the acquisition, the director directly owned 372,000 shares in the company, valued at $3,686,520. This trade represents a 1.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 5,507 shares of company stock valued at $54,628. Insiders own 41.41% of the company’s stock.

Institutional Investors Weigh In On Kingsway Financial Services

Several hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Kingsway Financial Services by 66.2% in the second quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock valued at $27,000 after acquiring an additional 800 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Kingsway Financial Services by 220.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock worth $52,000 after buying an additional 2,622 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Kingsway Financial Services by 143.7% in the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after buying an additional 2,442 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Kingsway Financial Services by 17.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock valued at $94,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock valued at $103,000 after acquiring an additional 3,300 shares during the period. 72.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Kingsway Financial Services

Kingsway Financial Services Company Profile

(Get Free Report)

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.