)
Kingsway Financial Services (KFS) investor relations material
Kingsway Financial Services Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue grew 37% year-over-year to $37.2 million, with KSX segment revenue up 104% to $19.0 million and representing the majority of total revenue for the first time.
Net loss attributable to common shareholders was $2.8 million for Q3 2025, slightly higher than the prior year, with nine-month net loss at $9.8 million.
Four acquisitions completed in Q3 2025, including Roundhouse, Southside Plumbing, and others, expanding the skilled trades and industrial services portfolio.
Strong organic growth and business momentum across the portfolio, with several subsidiaries exiting their investment J-curves.
KSX segment completed six acquisitions year-to-date, exceeding the annual target.
Financial highlights
Q3 2025 consolidated revenue was $37.2 million, up from $27.1 million in the prior year; nine-month revenue reached $96.4 million.
Adjusted consolidated EBITDA was $2.1 million, down from $3.0 million year-over-year.
KSX segment revenue reached $19.0 million, up from $9.3 million year-over-year; adjusted EBITDA $2.7 million, up from $1.4 million.
Extended Warranty segment revenue increased 2% to $18.2 million; adjusted EBITDA was $0.8 million, down from $2.1 million.
Cash and cash equivalents plus restricted cash totaled $16.8 million at September 30, 2025.
Outlook and guidance
Management expects continued organic growth, with high single-digit organic growth targeted for all acquired businesses.
Full quarter benefit from recent acquisitions anticipated in Q4, with a robust pipeline of acquisition opportunities.
Focus remains on asset-light, recurring revenue models and disciplined capital deployment.
Next Kingsway Financial Services earnings date
Next Kingsway Financial Services earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)