Kingsway Corporation (KWY)

From the record

Kingsway Corporation's filings since 2017 show 18 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2020-04-21); a warning not to rely on past financial statements (8-K item 4.02, the latest 2019-06-19); an auditor change (8-K item 4.01, 4 times, the latest 2020-03-12); a late-report notice (Form NT 10-K or NT 10-Q, 7 times, the latest 2020-05-15) (its current reports).

From the record

Kingsway Corporation's 10 filed years say what it did: revenue went from $177 million in fiscal 2016 to $135 million in fiscal 2025, down 2.9% a year; it rose in 8 of 9 years; the deepest fall was 75% from fiscal 2016 to fiscal 2017; net income was positive in 4 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Kingsway Corporation's diluted share count grew about 3.3% a year, and dividends and buybacks returned about 100% of its net income over 3 years (its filed statements). Its officers and directors filed 14 sales and 54 purchases of their own stock on the open market in the year to 2026-11-03, buying about $264 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Kingsway Corporation lost about 59 cents for every dollar of shareholders' money. Leverage: it owed about 92 cents per dollar of assets, and net share issuance: its share count grew 2.5% over the year (the filed statements).

From the record

Kingsway Corporation's standing among 60 graded names in its industry family: revenue of $135 million in fiscal 2025 ranks in the bottom 11% by size; a net margin of -7.6% ranks in the bottom 9%; revenue growth of 13.1% a year over the last 3 filed years ranks in the top 46% (its annual reports).

From the record

Kingsway Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Fitzgerald, John Taylor Maloney (President and CEO, as filed), filing under that title since 2018-09-07, 8.2 years (top 37% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 10.6 years (top 19%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (top 35%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Kingsway Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $8 million against debt of $71 million leaves -27% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is 0% of revenue (bottom 18%) (its annual report).

From the record

Kingsway Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 13.1% a year over the last three filed years against -2.9% over all 10, speeding up (top 8% of its family); the newest year grew 23.4% (top 17%); capital spending grew 26.4% a year (top 9%) (its annual reports). Kingsway Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Kingsway Corporation's newest year against its own record: revenue of $135 million in fiscal 2025 came in 14% above the $118 million its prior three years' pace pointed to (top 12% of its family); net income of $10 million against a prior three-year average of $10 million (bottom 6%); a net margin of -7.6% against 10.6% before (bottom 6%) (its annual reports).