KFS

Company Overview — What Does KINGSWAY FINANCIAL SERVICES INC Do?

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois. KINGSWAY FINANCIAL SERVICES INC (KFS) is classified as a micro-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO John T. Fitzgerald and employs approximately 280 people, headquartered in TORONTO, Illinois. With a market capitalization of $299M, KFS is one of the notable companies in the Financials sector.

KINGSWAY FINANCIAL SERVICES INC (KFS) Stock Rating — Reduce (April 2026)

As of April 2026, KINGSWAY FINANCIAL SERVICES INC receives a Reduce rating with a composite score of 35.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.KFS ranks #3,471 out of 4,446 stocks in our coverage universe. Within the Financials sector, KINGSWAY FINANCIAL SERVICES INC ranks #784 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

KFS Stock Price and 52-Week Range

KINGSWAY FINANCIAL SERVICES INC (KFS) currently trades at $11.36. The stock lost $0.17 (1.5%) in the most recent trading session. The 52-week high for KFS is $16.80, which means the stock is currently trading -32.4% from its annual peak. The 52-week low is $7.28, putting the stock 56.0% above its annual trough. Recent trading volume was 61K shares, suggesting relatively thin trading activity.

Is KFS Overvalued or Undervalued? — Valuation Analysis

KINGSWAY FINANCIAL SERVICES INC (KFS) carries a value factor score of 34/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 18.34x, versus the sector average of 1.22x. The price-to-sales ratio is 2.58x, compared to 0.90x for the average Financials stock.

At current multiples, KINGSWAY FINANCIAL SERVICES INC trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

KINGSWAY FINANCIAL SERVICES INC Profitability — ROE, Margins, and Quality Score

KINGSWAY FINANCIAL SERVICES INC (KFS) earns a quality factor score of 14/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -63.2%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -4.7% versus the sector average of 1.2%.

On a margin basis, KINGSWAY FINANCIAL SERVICES INC reports gross margins of 74.0%. The operating margin is -2.7% (sector: 21.8%). Net profit margin stands at -9.0%, versus 17.7% for the average Financials stock. Revenue growth is running at 40.6% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

KFS Debt, Balance Sheet, and Financial Health

KINGSWAY FINANCIAL SERVICES INC has a debt-to-equity ratio of 407.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.17x, suggesting adequate working capital coverage. Total debt on the balance sheet is $71M. Cash and equivalents stand at $9M.

KFS has a beta of 0.63, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for KINGSWAY FINANCIAL SERVICES INC is 62/100, reflecting average volatility within the normal range for its sector.

KINGSWAY FINANCIAL SERVICES INC Revenue and Earnings History — Quarterly Trend

In TTM 2026, KINGSWAY FINANCIAL SERVICES INC reported revenue of $124M and earnings per share (EPS) of $-0.43. Net income for the quarter was $-11M. Gross margin was 74.0%. Operating income came in at $-3M.

In FY 2025, KINGSWAY FINANCIAL SERVICES INC reported revenue of $135M and earnings per share (EPS) of $-0.43. Net income for the quarter was $-10M. Revenue grew 23.4% year-over-year compared to FY 2024. Operating income came in at $-2M.

In Q3 2025, KINGSWAY FINANCIAL SERVICES INC reported revenue of $37M and earnings per share (EPS) of $-0.10. Net income for the quarter was $-2M. Revenue grew 37.0% year-over-year compared to Q3 2024. Operating income came in at $-865,000.

In Q2 2025, KINGSWAY FINANCIAL SERVICES INC reported revenue of $31M and earnings per share (EPS) of $-0.13. Net income for the quarter was $-3M. Revenue grew 16.9% year-over-year compared to Q2 2024. Operating income came in at $-1M.

Over the past 8 quarters, KINGSWAY FINANCIAL SERVICES INC has demonstrated a growth trajectory, with revenue expanding from $26M to $124M. Investors analyzing KFS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

KFS Dividend Yield and Income Analysis

KINGSWAY FINANCIAL SERVICES INC (KFS) does not currently pay a dividend. This is common among smaller companies in the Insurance industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

KFS Momentum and Technical Analysis Profile

KINGSWAY FINANCIAL SERVICES INC (KFS) has a momentum factor score of 46/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 66/100 reflects moderate short selling activity.

KFS vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, KINGSWAY FINANCIAL SERVICES INC (KFS) ranks #784 out of 891 stocks based on the Blank Capital composite score. This places KFS in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing KFS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full KFS vs S&P 500 (SPY) comparison to assess how KINGSWAY FINANCIAL SERVICES INC stacks up against the broader market across all factor dimensions.

KFS Next Earnings Date

No upcoming earnings date has been announced for KINGSWAY FINANCIAL SERVICES INC (KFS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy KFS? — Investment Thesis Summary

The quantitative profile for KINGSWAY FINANCIAL SERVICES INC suggests caution. The quality score of 14/100 flags below-average profitability. The value score of 34/100 indicates premium valuation. Low volatility (stability score 62/100) reduces downside risk.

In summary, KINGSWAY FINANCIAL SERVICES INC (KFS) earns a Reduce rating with a composite score of 35.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on KFS stock.

Related Resources for KFS Investors

Explore more research and tools: KFS vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare KFS head-to-head with peers: KFS vs WTM, KFS vs OPY, KFS vs ACT.