KWY · XBRL financial data

KINGSWAY financial statements, every fiscal year

The same tables from 7 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

Fiscal years (KWY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	61,362	91,766	93,280	103,244	109,382	134,996
Revenue from contracts with customers	47,607	78,401	93,280	103,244	109,382	134,996
General and administrative	41,950	48,733	43,519	41,805	44,925	61,224
Total operating expenses	66,193	88,527	96,853	102,290	107,220	137,394
Other operating income (expense)	1,706	(9,023)	38,530	22,697	(10,422)	(11,606)
Operating income (loss)	(4,831)	3,239	(3,573)	954	2,162	(2,398)
Interest income	310	242	556	1,018	1,305	1,402
Interest expense	7,719	6,161	8,092	6,250	4,790	5,449
Other income (expense)	(58)	(2,788)	(206)	(1,542)	550	377
Income tax expense (benefit)	(1,115)	(7,644)	4,825	(1,899)	(147)	(3,752)
Net income (loss)	(7,791)	—	—	—	—	—
Earnings per share, basic USD per share	(0.35)	(0.04)	1.06	0.91	(0.35)	(0.43)
Earnings per share, diluted USD per share	(0.35)	(0.04)	0.98	0.89	(0.35)	(0.43)
Weighted average shares, basic thousands of shares	22,176	22,537	22,961	25,713	27,192	27,862
Weighted average shares, diluted thousands of shares	22,176	22,537	25,304	26,448	27,192	27,862

Fiscal years (KWY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	14,374	12,642	64,168	9,098	5,493	8,306
Short-term investments	157	157	157	161	169	178
Inventory	—	—	—	—	700	1,762
Total current assets	—	—	—	—	—	76,503
Property and equipment, net	95,015	108,587	773	1,850	1,567	6,354
Right-of-use asset	2,960	2,248	911	886	2,390	7,014
Goodwill	121,130	110,247	45,498	50,358	56,524	69,130
Total assets	452,474	475,634	285,650	197,717	186,616	231,499
Accounts payable	—	—	—	—	—	3,629
Total current liabilities	—	—	—	—	—	83,558
Lease liability, non-current	—	—	—	—	—	6,221
Total liabilities	433,811	460,880	263,529	173,106	168,314	197,087
Accumulated deficit	(394,807)	(395,149)	(370,427)	(346,868)	(361,453)	(373,370)
Total stockholders' equity	(1,998)	(5,724)	15,671	27,709	8,413	15,169
Total liabilities and equity	452,474	475,634	285,650	197,717	186,616	231,499
Common shares outstanding (cover page) thousands of shares	22,959	24,135	25,045	28,121	27,537	28,947

Fiscal years (KWY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(7,791)	—	—	—	—	—
Stock-based compensation	1,351	3,598	4,052	1,639	1,785	1,721
Net cash from operating activities	1,672	(5,908)	(14,574)	(26,186)	1,067	(3)
Purchases of property and equipment	213	830	—	—	—	—
Net cash from investing activities	4,009	(8,598)	100,940	6,457	(16,846)	(29,611)
Proceeds from issuing common stock	—	—	—	—	0	15,602
Share repurchases	—	—	0	3,204	2,504	345
Net cash from financing activities	13,603	(540)	(37,932)	(39,963)	11,444	32,749
Net change in cash	19,284	(15,046)	49,891	(59,734)	(4,362)	3,135

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 ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
KINGSWAY	7,366	39,442	1,204*	28.9M	—	Q2 FY26 10-QJun 30, 2026
Global Indemnity Group	97,515	116,102	(15,819)*	not reported	6.2 quarters	Q2 FY26 10-QJun 30, 2026
Kingstone Companies	16,925	65,854	28,745*	14.5M	—	Q2 FY26 10-QJun 30, 2026
James River Group Holdings	195,576	161,344	(5,090)*	46.2M	58.3 quarters	Q2 FY26 10-QJun 30, 2026
Ategrity Specialty Insurance Co Holdings	33,327	148,484	38,909*	47.9M	—	Q2 FY26 10-QJun 30, 2026
American Coastal Insurance	218,943	82,597	58,496*	47.3M	—	Q2 FY26 10-QJun 30, 2026
Maiden Holdings	28,706	14,049	(21,126)	99.7M	1.4 quarters	Q1 FY25 10-QMar 31, 2025
American Integrity Insurance Group	288,453	115,171	123,051*	19.6M	—	Q2 FY26 10-QJun 30, 2026
Donegal Group	23,722	241,119	5,900*	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.