Kingsway Corporation (KWY) Income Statement
KWY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKWY revenue and net income
Where KWY's revenue goes
2025Each bar shows an amount and its share of revenue. KWY kept −7.8% of revenue as net income.
KWY profit margins
KWY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.5% | +6.0% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KWY quarterly EPS vs estimates
Next report: November 5, 2026.
KWY income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $136.7M | $112.5M | $107.7M | $114.7M |
| Cost of revenue | $76.2M | — | — | — |
| Gross profit | $60.6M | — | — | — |
| Sales, general & admin | $61.2M | $44.9M | $41.8M | $43.5M |
| Total operating expenses | $74.6M | $120.8M | $84.0M | $79.7M |
| Operating income | −$14.0M | — | — | — |
| Interest income | $1.4M | $1.4M | $1.1M | $715,000 |
| Interest expense | $5.4M | $4.8M | $6.2M | $8.1M |
| Income before taxes | −$14.0M | −$8.3M | $23.7M | $35.0M |
| Income taxes | −$3.8M | — | — | — |
| Net income | −$10.7M | −$9.3M | $23.6M | $24.7M |
| EBITDA | $670,000 | $3.5M | $36.1M | $49.5M |
| EPS (diluted) | −$0.43 | −$0.35 | $0.88 | $1.44 |
| Gross margin | 44.3% | — | — | — |
| Operating margin | −10.2% | — | — | — |
| Net margin | −7.8% | −8.2% | 21.9% | 21.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Revenue | $39.4M | $39.0M | $39.0M | $37.6M | $31.5M | $28.3M |
| Cost of revenue | $22.3M | $21.6M | $21.1M | $20.8M | $18.0M | $16.2M |
| Gross profit | $17.1M | $17.3M | $17.9M | $16.8M | $13.5M | $12.2M |
| Sales, general & admin | $16.8M | $16.5M | $17.1M | $17.2M | $14.1M | $12.7M |
| Total operating expenses | $19.7M | $19.2M | $13.7M | $21.2M | $16.8M | $30.8M |
| Operating income | −$2.5M | −$1.9M | −$1.3M | −$4.5M | −$3.3M | −$2.5M |
| Interest income | $2.7M | $726,000 | $369,000 | $367,000 | $361,000 | $310,000 |
| Interest expense | $1.4M | $1.4M | $1.4M | $1.5M | $1.3M | $1.2M |
| Income before taxes | $342,000 | −$2.3M | −$2.9M | −$4.5M | −$3.3M | −$3.4M |
| Income taxes | $185,000 | −$47,000 | −$1.3M | −$2.0M | −$131,000 | — |
| Net income | −$617,000 | −$2.5M | −$1.7M | −$2.5M | −$3.3M | −$3.2M |
| EBITDA | $4.3M | $1.6M | $1.4M | −$265,000 | −$160,000 | — |
| EPS (diluted) | −$0.03 | −$0.10 | −$0.07 | −$0.10 | −$0.13 | −$0.13 |
| Gross margin | 43.4% | 44.5% | 45.9% | 44.6% | 42.9% | 42.9% |
| Operating margin | −6.4% | −4.8% | −3.4% | −11.9% | −10.5% | −8.7% |
| Net margin | −1.6% | −6.3% | −4.5% | −6.5% | −10.5% | −11.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KWY's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KWY financial results
In fiscal year 2025 (ended December 31, 2025), Kingsway reported revenue of $136.7 million, up 21.5% from the year before. It had a net loss of $10.7 million, a net profit margin of −7.8%. Diluted earnings per share came to −$0.43.
See the KWY stock overview for the latest quote and news, or the KWY chart for price history and technical indicators.
KWY income statement FAQ
What is Kingsway's annual revenue?
Kingsway reported total revenue of $136.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 21.5% from $112.5 million the previous year.
Is Kingsway profitable?
No. Kingsway reported a net loss of $10.7 million in fiscal 2025, a net profit margin of −7.8%; its operating margin was −10.2%.
What is Kingsway's gross margin?
Kingsway's gross margin was 44.3% in fiscal 2025: for every $100 of revenue, Kingsway kept $44 after the direct cost of its products and services.
What are Kingsway's earnings per share?
Kingsway earned $-0.43 per diluted share in fiscal 2025, compared with $-0.35 a year earlier.
When will Kingsway report its next earnings?
Kingsway is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Kingsway's fiscal year end?
Kingsway's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.