10-Q quarterly report · filed Nov 6, 2025

KINGSWAY FINANCIAL SERVICES INC (KFS) Q3 2025 10-Q Quarterly Report

Short answer

KINGSWAY FINANCIAL SERVICES INC (KFS) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $37M (up 37.0% year over year) with net income of −$2M.

Q3 2025 key financials · XBRL

Revenue
$37M
+37.0% YoY · +20.2% QoQ
Net income
−$2M
−4.3% YoY · +23.8% QoQ
Operating margin
-2.3%
EPS (diluted)
−$0.10
+0.0% YoY · +23.1% QoQ

Source: XBRL data from the KINGSWAY FINANCIAL SERVICES INC (KFS) Q3 2025 10-Q on SEC EDGAR. USD.

KINGSWAY FINANCIAL SERVICES INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • KSX revenue $19.0M vs $9.3M YoY, operating income $2.2M vs $1.1M
  • Extended Warranty revenue $18.2M vs $17.8M, operating income $0.4M vs $1.7M
  • Best performer Roundhouse: $4.9M revenue and $1.2M operating income
  • Worst performer Geminus and PWI: $0.7M operating loss, driven by higher claims, commissions, and G&A
  • Headwinds: inflation, interest-rate changes, tariffs, higher claims, and financially distressed Ravix customers

Risk Factors

  • No material changes to risk factors previously disclosed in the 2024 Annual Report
  • Carried-forward risks remain the most significant disclosed risks
  • No new regulatory, legal, or compliance risk identified
  • No new operational, competitive, or market risk identified
  • No new liquidity, debt, currency, or concentration risk identified

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other KINGSWAY FINANCIAL SERVICES INC quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.