Kingsway Financial Services Inc (KFS) — SEC Filings
Kingsway Financial Services Inc (KFS) — 27 SEC filings. Latest: 10-Q (Nov 6, 2025). Includes 15 8-K, 6 10-Q, 2 DEF 14A.
View Kingsway Financial Services Inc on SEC EDGAR
Overview
Kingsway Financial Services Inc (KFS) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 6, 2025: Kingsway Financial Services Inc. (KFS) reported a significant increase in total assets to $235.133 million as of September 30, 2025, up from $186.616 million at December 31, 2024, driven by acquisitions and growth in service fee receivables. The company experienced a net loss of $2.411 million for t
Sentiment Summary
Across 27 filings, the sentiment breakdown is: 3 bearish, 22 neutral, 2 mixed. The dominant filing sentiment for Kingsway Financial Services Inc is neutral.
Filing Type Overview
Kingsway Financial Services Inc (KFS) has filed 6 10-Q, 1 S-1, 15 8-K, 2 DEF 14A, 2 10-K, 1 SC 13G/A with the SEC between Jan 2024 to Nov 2025.
Filings by Year
Recent SEC Filings (27)
Risk Profile
Risk Assessment: Of KFS's 25 recent filings, 2 were flagged as high-risk, 12 as medium-risk, and 11 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $96.441M |
| Net Income | -$8.668M |
| EPS | -$0.36 |
| Debt-to-Equity | 10.69 |
| Cash Position | $9.291M |
| Operating Margin | N/A |
| Total Assets | $235.133M |
| Total Debt | $127.114M |
Key Executives
- John T. Fitzgerald
- Daniel P. Raglan
- Mark L. Corn
- David L. Bruns
- Michael J. Mulvihill
- Joseph Stilwell
Industry Context
Kingsway Financial Services Inc. operates within the financial services sector, specifically utilizing a Search Fund model to acquire and build B2B and B2C service companies. This model is less common than traditional private equity or venture capital, positioning KFS uniquely. The industry is characterized by intense competition, regulatory oversight, and a constant need for operational efficiency and strategic growth, particularly in asset-light, recurring revenue businesses.
Top Tags
financials (6) · material-agreement (5) · financial-obligation (5) · equity-sale (4) · corporate-governance (4) · insurance (4) · debt (4) · Financial Services (3) · regulation-fd (3) · Net Loss (2)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Total Assets | $235.133M | Increased from $186.616M at Dec 31, 2024, indicating significant growth. |
| Nine-month Revenue | $96.441M | Up from $79.742M in 2024, showing strong top-line growth. |
| Nine-month Net Loss | $8.668M | Widened from $6.825M in 2024, indicating increasing unprofitability despite revenue growth. |
| Acquisition Spending | $29.555M | Cash used for business acquisitions in the nine months ended September 30, 2025, highlighting aggressive expansion. |
| Bank Loans | $55.803M | Increased from $44.128M at Dec 31, 2024, showing higher debt reliance. |
| Q3 General and Administrative Expenses | $17.204M | Increased from $11.867M in Q3 2024, contributing to operating losses. |
| Basic Loss Per Share (9 months) | $0.36 | Increased from $0.28 in 2024, reflecting higher losses for common shareholders. |
| Shares of Common Stock | 1,419,001 | Maximum number of shares offered for resale by Selling Stockholders |
| PIPE Common Shares | 1,336,264 | Shares issued to PIPE Selling Stockholders in the 2025 Private Placement |
| Purchase Price Per Share | $11.75 | Price per share for the 2025 Private Placement |
| Gross Proceeds | $15.7M | Gross proceeds generated for Kingsway from the 2025 Private Placement |
| Bud's Common Shares | 82,737 | Shares issued to Mark L. Corn in satisfaction of the Bud's Seller Note |
| Aggregate Consideration | $1,158,330.27 | Value of common stock issued to Mark L. Corn for the Bud's Seller Note |
| Initial Principal Amount | $1.25M | Initial principal amount of the Bud's Seller Note |
| Last Reported Sale Price | $14.01 | KFS common stock price on August 25, 2025 |
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Frequently Asked Questions
What are the latest SEC filings for Kingsway Financial Services Inc (KFS)?
Kingsway Financial Services Inc has 27 recent SEC filings from Jan 2024 to Nov 2025, including 15 8-K, 6 10-Q, 2 DEF 14A. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of KFS filings?
Across 27 filings, the sentiment breakdown is: 3 bearish, 22 neutral, 2 mixed. The dominant sentiment is neutral.
Where can I find Kingsway Financial Services Inc SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Kingsway Financial Services Inc (KFS) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Kingsway Financial Services Inc?
Key financial highlights from Kingsway Financial Services Inc's most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for KFS?
The investment thesis for KFS includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Kingsway Financial Services Inc?
Key executives identified across Kingsway Financial Services Inc's filings include John T. Fitzgerald, Daniel P. Raglan, Mark L. Corn, David L. Bruns, Michael J. Mulvihill and 1 others.
What are the main risk factors for Kingsway Financial Services Inc stock?
Of KFS's 25 assessed filings, 2 were flagged high-risk, 12 medium-risk, and 11 low-risk.
What are recent predictions and forward guidance from Kingsway Financial Services Inc?
Forward guidance and predictions for Kingsway Financial Services Inc are extracted from SEC filings as they are enriched.