KG · XBRL financial data
Kestrel Group financial statements, every quarter
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (KG's year ends in late December)
| In millions of dollars | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|
| Revenue | 6 | 17 | 10* | 10 | 7 |
| General and administrative | 5 | 11 | 12* | 12 | 10 |
| Total operating expenses | 2 | 4 | 7* | 4 | 4 |
| Income tax expense (benefit) | 0 | 0 | (0)* | 0 | (0) |
| Net income (loss) | 70 | (5) | (18)* | (7) | (8) |
| Earnings per share, basic USD per share | 15.05 | (0.65) | — | (0.96) | (1.03) |
| Earnings per share, diluted USD per share | 15.05 | (0.65) | — | (0.96) | (1.03) |
| Weighted average shares, basic millions of shares | 5 | 8 | — | 8 | 8 |
| Weighted average shares, diluted millions of shares | 5 | 8 | — | 8 | 8 |
Balance sheet
CSVFiscal quarters (KG's year ends in late December)
| In millions of dollars | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 19 | 13 | 8 | 15 | 16 |
| Short-term investments | 0 | 0 | 0 | — | — |
| Property and equipment, net | — | — | 1 | — | — |
| Right-of-use asset | 2 | 2 | 2 | 2 | 2 |
| Total assets | 1,159 | 1,130 | 1,010 | 964 | 920 |
| Total liabilities | 1,009 | 987 | 882 | 843 | 806 |
| Retained earnings (accumulated deficit) | 24 | 19 | 1 | (6) | (14) |
| Total stockholders' equity | 150 | 144 | 128 | 121 | 114 |
| Total liabilities and equity | 1,159 | 1,130 | 1,010 | 964 | 920 |
| Common shares outstanding (cover page) millions of shares | 8 | 8 | 8 | 8 | 8 |
Cash flows
CSVFiscal quarters (KG's year ends in late December)
| In millions of dollars | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|
| Net income (loss) | 70 | (5) | (18)* | (7) | (8) |
| Stock-based compensation | 0* | — | — | 1 | 1* |
| Depreciation and amortization | — | — | year only | — | — |
| Net cash from operating activities | (20)* | (10)* | year only | (15) | (26)* |
| Net cash from investing activities | 88* | 16* | 43* | 53 | (14)* |
| Share repurchases | 0* | — | — | 0 | 0* |
| Dividends paid | — | 0* | 0* | — | — |
| Net cash from financing activities | (40)* | 0* | 0* | (0) | 0* |
| Net change in cash | 29* | 6* | (23)* | 37 | (40)* |
Compare with peers
SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Kestrel Group | 16 | 6.7 | (26)* | 7.8M | 0.6 quarters | 10-QJun 30, 2026 |
| NI Holdings | 52 | 70 | 0.9* | 20.4M | — | 10-QJun 30, 2026 |
| American Integrity Insurance Group | 288 | 115 | 123* | 19.6M | — | 10-QJun 30, 2026 |
| Maiden Holdings | 29 | 14 | (21) | 99.7M | 1.4 quarters | 10-QMar 31, 2025 |
| Ategrity Specialty Insurance Co Holdings | 33 | 148 | 39* | 47.9M | — | 10-QJun 30, 2026 |
| Kingstone Companies | 17 | 66 | 29* | 14.5M | — | 10-QJun 30, 2026 |
| KINGSWAY | 7.4 | 39 | 1.2* | 28.9M | — | 10-QJun 30, 2026 |
| Global Indemnity Group | 98 | 116 | (16)* | not reported | 6.2 quarters | 10-QJun 30, 2026 |
| James River Group Holdings | 196 | 161 | (5.1)* | 46.2M | 58.3 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.