Kingsway Corporation
KWY · Price history
Price at last available close
$9.66
+$0.47 (+5.11%) 1M
2026-10-28
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Company & revenue
About Kingsway Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Kingsway Financial Services, Inc. functions as a holding company, primarily delivering financial services. The firm organizes its activities into two principal segments: Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty division encompasses well-regarded enterprises in the automotive and HVAC sectors, consistently expanding its network of high-caliber operating companies through internal growth and judicious mergers and acquisitions.
How they make money
Kingsway Corporation operates as a holding company that acquires and builds businesses using a Search Fund model. It generates revenue through its subsidiaries in the business services and extended warranty industries, focusing on asset-light companies with recurring revenue streams.
Products & services
The company provides extended warranty services and various B2B and B2C business services through its decentralized operating subsidiaries.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
13
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
25
Poor
Financial Strength
34
Management
0
Growth Quality
58
Risk / Durability
0
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
30
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
33/100
Building Historical Record
Model Score 33/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Elevated debt risk
- •M&A headline · Aug 6, 2026
- •Valuation is a weaker part of the current profile
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for KWY
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can KWY maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can KWY fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is KWY's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for KWY to reach sustainable profitability?
- •What future growth or profitability would be needed to justify KWY's current valuation?
Essential Investment Snapshot
Wall Street Score
13
Opportunity Score
30
Market Cap
$279.5M
P/E Ratio
-32.8
EPS
$-0.30
52-Week High
$15.29
52-Week Low
$8.41
Beta
0.25
Shares Outstanding
27.9M
Total Revenue
$155.0M
Total Debt
$68.4M
Dividend
No current dividend
Liquidation Value / Share
$1.16
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for KWY
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Aug 6, 2026
Kingsway Announces Acquisition of Romeo Computer Company, Inc. by Image Solutions — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
AccesswireCommunity Sentiment
0 active · 0 total callsNo personal call yet on KWY.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Decentralized management model.
- +Tax-advantaged corporate structure.
Potential downside factors
- −Debt risk (elevated): Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Dependence on subsidiary management and operational performance.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
13
Oct 1, 2026
Change
Unchanged
Current Score
13
Oct 23, 2026
Category Changes
KWY score was unchanged.
Projected Score
Projected Score
10
Projected Change
-2.7 points
Preliminary comparable-period financial changes suggest decline of approximately 2.7 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$9.66
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 |
|---|---|---|
| Revenue | $155.0M | $136.7M |
| Cost of Revenue | $85.9M | $76.2M |
| Gross Profit | $69.1M | $60.6M |
| Research & Development | $0.00 | $0.00 |
| SG&A Expenses | $67.7M | $61.2M |
| Operating Expenses | $73.8M | $74.6M |
| EBITDA | $7.0M | $670K |
| Operating Income | -$10.2M | -$14.0M |
| Interest Expense | $5.7M | $5.4M |
| Income Before Tax | -$9.3M | -$14.0M |
| Income Tax Expense | -$3.2M | -$3.8M |
| Net Income | -$7.3M | -$10.7M |
| Basic EPS | $-0.30 | $-0.43 |
| Basic Shares | 28.62M | 27.86M |
| Diluted Shares | 28.62M | 27.86M |
Earnings Summary
Revenue
$39.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.03
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+11.8%
Cash Change
-39.0%
Margin Change
+9.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 25.4%. EPS declined 76.9%. Cash declined 39.0%. Total debt increased 11.8%. Net income margin improved by 9.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Head to Head Survey: Kingsway Financial Services (NYSE:KWY) & Neostellar Capital (NASDAQ:NSLR)
Kingsway to Present at Sidoti Small-Cap Virtual Conference on Wednesday, September 23 at 10:00 AM ET
Kingsway Stock Gains Post Q2 Earnings, EBITDA Hits Record High
Kingsway Financial Services Q2 Earnings Call Highlights
Rumor Mill · KWY
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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