KINGSWAY Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $135.0M | $109.4M | $103.2M | $93.3M | $78.4M |
| Operating expenses | $137.4M | $107.2M | $102.3M | $96.9M | $78.9M |
| Operating income | -$2.4M | $2.2M | $954,000 | -$3.6M | -$474,000 |
| Interest expense | — | — | $6.2M | $8.1M | $6.2M |
| Pretax income | -$14.0M | -$8.3M | $23.7M | $35.0M | -$6.6M |
| Income tax expense | -$3.8M | -$147,000 | -$1.9M | $4.8M | -$3.9M |
| Net income | -$10.3M | -$8.3M | $24.0M | $15.1M | $1.9M |
| Balance Sheet | |||||
| Cash and equivalents | $8.3M | $5.5M | $9.1M | $64.2M | $10.1M |
| Total assets | $231.5M | $186.6M | $197.7M | $285.6M | $475.6M |
| Total liabilities | $197.1M | $168.3M | $173.1M | $263.5M | $460.9M |
| Total debt | $72.8M | $59.6M | $46.3M | $125.3M | $124.1M |
| Stockholders' equity | $15.2M | $8.4M | $27.7M | $15.7M | -$5.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$3,000 | $1.1M | -$26.2M | -$14.6M | -$5.9M |
| Depreciation and amortization | $9.2M | $7.0M | $6.2M | $6.4M | $5.1M |
| Stock-based compensation | $1.7M | $1.8M | $1.6M | $4.1M | $3.6M |
| Capital expenditure | — | — | — | — | $830,000 |
| Free cash flow | — | — | — | — | -$6.7M |
| Dividends paid | $0 | $0 | $0 | — | — |
| Share repurchases | $345,000 | $2.5M | $3.2M | $0 | — |
| Impairments | $700,000 | $732,000 | $0 | $0 | $0 |
Shares outstanding 28.9M · Free float 45.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.