Kingsway Corporation

Kingsway Corporation

KWY
Kingsway CorporationUS flagNew York Stock Exchange
8.99
USD
-0.31
- -
260.23MMarket Cap
Kingsway Corporation
KWY
(New York Stock Exchange)

Recent

price

8.99

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
12.66
15.49
12.14
12.2
9.06
8.05
8.83
2.16
2.48
2.89
2.9
3.61
4.99
4.19
4.14
4.91
5.23
Revenue per Share
-12.69
-1.54
-3.96
-2.61
-0.75
0.04
0.01
-0.79
-1.41
-0.32
-0.35
-0.04
1.06
0.91
-0.35
-0.43
-0.4
Basic EPS, GAAP
-10.36
-5.92
-3.56
-3.04
-0.94
-1.67
-0.81
-0.67
-0.47
-0.04
0.07
-0.3
-0.63
-1.03
0.01
-0.06
-0.01
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.04
0.04
Dividend per Share
-13.9
7.28
-19.93
-21.18
-17.94
-15.08
-14.88
-14.43
-17.59
-17.75
-17.8
-17.53
-16.13
-13.49
-13.28
-13.39
-13.37
Book Value per Share
7.86
5.87
0.49
-1.6
0.91
0.96
-5.16
-5.08
-6.15
-7.07
-8.71
-3.19
-2.72
-2.39
-3.18
-3.71
-3.71
Tangible Book Value per Share
13
13
13
14
17
20
20
22
22
22
22
23
23
26
27
28
28
Basic Weighted Avg Shares
165
203
160
172
158
159
177
46
54
63
64
81
115
108
113
137
147
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1.27
Operating Margin (%)
9
2
3
4
2
2
3
5
7
7
7
5
6
6
7
9
10
Depreciation Expense
-165
-20
-52
-37
-13
1
1
-16
-30
-6
-7
- -
25
24
-9
-11
-10
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.8
- -
- -
- -
- -
Effective Tax Rate (%)
-100.24
-9.94
-32.62
-21.41
-8.13
0.7
0.45
-33.77
-55.76
-9.31
-10.45
-0.42
21.56
21.88
-8.24
-7.85
-6.79
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-7
Working Capital
78
47
48
43
41
40
234
261
253
262
272
97
103
46
60
78
55
LT Debt
145
116
65
37
48
50
63
56
30
21
19
15
22
25
18
34
33
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-15.35
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
17
LT Borrowings
71
71
55
LT Finance Leases
7
7
- -
Preferred Equity and Hybrid Capital
16
16
16
Shares Outstanding
29
29
29
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
78
Cash, Cash Equivalents & STI
17
16
44
Accounts Receivable, Net
15
14
16
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
85
Payables & Accruals
- -
- -
21
ST Debt
- -
- -
17
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3%
20.53%
88.02%
Free Cash Flow
-145.09%
-203.72%
-552.79%
Net Income, GAAP
-960.82%
-1,510.38%
15.74%
Sales/Revenue/Turnover
5.99%
17.45%
21.5%
Total Cash Common Dividend
13.73%
-9.13%
-2.41%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27
27
28
30
113
2025
28
31
38
39
137
2026
39
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
-0.09
-0.1
- -
-0.35
2025
-0.13
-0.13
-0.1
- -
-0.43
2026
-0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
0.01
0.01
0.01
- -
0.04
2026
0.01
- -
- -
- -
- -
Business
Kingsway Corporation (ticker: KWY) is a publicly traded U.S. holding company that acquires, owns, and operates a diversified portfolio of asset‑light, service‑oriented businesses using the Search Fund model; it focuses on companies that generate recurring revenues, exhibit growth potential, and maintain profitability. The company operates primarily through a decentralized management structure, deploying experienced operators and management teams to oversee its portfolio of B2B and B2C service firms across multiple industries. Kingsway typically targets small‑ to mid‑size service businesses in sectors such as financial services, insurance‑related operations, specialty finance, business services, and select consumer‑facing verticals, emphasizing stable cash flows and long‑term value creation on a per‑share basis. The corporation is headquartered in Chicago, Illinois, and holds a tax‑advantaged corporate structure designed to enhance shareholder returns while maintaining flexibility in capital allocation. Kingsway’s core business activities include portfolio company identification and acquisition; operational management and oversight of portfolio service businesses; capital allocation and strategic reinvestment into existing and newly acquired entities; and corporate‑level strategic planning, governance, and investor relations. The company provides centralized support functions such as treasury management, risk oversight, financial reporting, and corporate development, while allowing individual operating businesses significant autonomy in day‑to‑day operations and customer relationships. Its services are oriented toward institutional investors, financial intermediaries, and portfolio company stakeholders, with a focus on long‑term wealth preservation and compounding returns. Geographically, Kingsway Corporation is incorporated and headquartered in the United States, with its listed securities traded on a major U.S. exchange, while its underlying portfolio companies may operate across multiple U.S. states and, in selected cases, international markets depending on acquisition strategy. Recent major changes include the company’s formal name change from Kingsway Financial Services to Kingsway Corporation, reflecting its evolution into a broader, Search‑Fund‑oriented holding company; the name change and a corresponding ticker symbol update to KWY became effective on May 19, 2026, following shareholder approval with approximately 99.7% support. The corporation has reported a 37.4% year‑over‑year increase in consolidated revenue for the first quarter of 2026, driven by both organic growth within its portfolio and the integration of recently acquired businesses. Kingsway has also emphasized its decentralized management model and operator‑led growth strategy, reinforcing its positioning as the only publicly traded U.S. entity applying the Search Fund methodology at scale to build and operate a portfolio of service‑heavy, recurring‑revenue businesses. The company continues to pursue disciplined acquisitions, strategic capital reinvestment, and portfolio optimization initiatives aimed at enhancing asset quality, profitability, and shareholder value over the long term.

Company News

APIChatGPT
  • Zacks Initiates Coverage of Kingsway With Neutral Recommendation

  • Kingsway to Present at the Planet MicroCap Las Vegas 2026 Investor Conference Powered by MicroCapClub

  • Kingsway Announces Name Change To Kingsway Corporation And Stock Ticker Change To KWY