KWY · KINGSWAY Corp
$9.32
-0.11 (-1.17%)
At close · Oct 5
Return incl. dividend (before tax)
Market Cap
$261.25M
Shares
28.93M
Volume · Oct 5
39.62K
Avg daily vol (3M)
56.97K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$9.32
Open$9.36
Day$9.29–9.50
52W close$8.61–16.13
Avg vol 30d43K
Short int1.4M · 4.8% float · 39.6d
Short vol40%
Last earningsAug 6, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 4 wks
filed Aug 6, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
—
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
—
Year over year · more shares
Price change (1Y)
-35.2%
Trailing year
Short interest
4.8%
Latest settlement · 39.6 days to cover
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. Kingsway reported a record Q2 with KSX adjusted EBITDA up 77.9% to $4.3 million and consolidated adjusted EBITDA of $5.2 million, while reaffirming targets for three to five acquisitions in 2026 and double-digit organic growth at both KSX and Extended Warranty.
Bullish
- + Consolidated revenue grew 27.6% to $39.4 million, with KSX revenue up 68.3% to $22.3 million.
- + Consolidated net income swung to $200,000 from a $3.2 million loss, and consolidated adjusted EBITDA rose to $5.2 million from $1.7 million.
- + Reaffirmed targets of three to five acquisitions in 2026 and double-digit organic growth at both KSX and Extended Warranty.
- + Portfolio EBITDA hit a record $7.2 million for the quarter and LTM portfolio EBITDA held stable at $22–23 million even after Trinity divestiture, with the CEO citing easier comparisons as a tailwind into 2H26.
- + Acquired Romeo Computer Company for $2.4 million (~$2.5 million revenue, ~$0.5 million adjusted EBITDA) and sold Trinity for $8 million, recycling capital into the KSX pipeline.
Bearish
- − Extended Warranty revenue fell 3.1% to $17.1 million and the segment still depends heavily on a legacy project write-down area and covenant non-compliance at three subsidiaries.
- − Q2 included a ~$600,000 one-time expense to resolve a legacy legal liability tied to the 2022 sale of a Texas rail yard.
- − Q2 included $1.4 million of non-cash stock-based compensation expense above the operating line from a grant and modification of long-term awards.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
High
Market backdrop
VIX 15.5 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−15%
below
Price vs 50-day avg
−4%
below
RSI (14)
44
neutral
MACD trend
Negative
52-week position
9%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−10%
trailing
6-month return
−22%
trailing
YTD return
−31%
this year
Relative strength
−34%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $10 › 200d $11 — 200d above 50d
Institutional flow
Flat
1 of 72 funds reported for Sep 30 · net 0 sh shares
Insider flow
Distributing
Net -$853.0K over 90 days · 25% sells
Short interest
Falling
4.81% of float · ▼ -0.5% MoM · 39.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
72 holders — mid 3-yr range
Squeeze score
72
high risk · 0–100
Fundamentals
Revenue growth
+23%
Y/Y
EPS growth
−23%
Y/Y
Free cash flow
$-833.0K
Buyback
$10.0M
authorized
Balance sheet
$50.7M
net debt
Quant / Vol
risk profile
Volatility
42%
annualized · 1-yr
Max drawdown
−47%
past year
ATR
3.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 8, 2023
Twelve month run-rate adjusted EBITDA
· twelve month run-rate
Non-GAAP
$18M – $19M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−15%
Bearish
Price vs 50-day avg
−4%
Neutral
RSI (14)
44
Neutral
MACD trend
Negative
Bearish
52-week position
9%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $10 › 200d $11 — 200d above 50d
Institutional flow
Flat
1 of 72 funds reported for Sep 30 · net 0 sh shares
Insider flow
Distributing
Net -$853.0K over 90 days · 25% sells
Short interest
Falling
4.81% of float · ▼ -0.5% MoM · 39.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
72 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $9
Now $9 · 9%
Range high $16
vs 200-day avg -15%
vs 50-day avg -4%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Extended Warranty adjusted EBITDA (pro forma for the sale of Trinity) non-GAAP | $1M | Second Quarter 2026 | — |
| Extended Warranty operating income | $0.7M | the three months ended June 30, 2026 filing | — |
| Extended Warranty segment operating income non-GAAP | $675K | the three months ended June 30, 2026 filing | — |
| KSX segment operating income non-GAAP | $3.49M | the three months ended June 30, 2026 filing | — |
| Modified Cash adjusted EBITDA non-GAAP | $2.9M | Second Quarter 2026 | — |
| Non-GAAP Adjusted Consolidated EBITDA non-GAAP | 2.06M | Three Months Ended 6/30/2026 | +24.6% |
|
|
|||
GAAP → non-GAAP reconciliationGAAP GAAP Net Income (Loss) -2.41M
+48K Changes in fair value; realized gains/losses (1)
+726K Employee related expenses (2)
+1.32M Other items (3)
+0K Gain on sale of Trinity
+2.38M Depreciation, amortization, tax and interest expense
= Non-GAAP Adjusted Consolidated EBITDA 2.06M
|
|||
| Non-GAAP adjusted EBITDA for Extended Warranty segment non-GAAP | 3.35M | Twelve Months Ended 6/30/2026 | -43.1% |
|
|
|||
GAAP → non-GAAP reconciliationGAAP GAAP Operating Income for Extended Warranty segment 1.64M
+1.35M Investment income (1)
+23K Employee costs
+158K Other costs (2)
+177K Depreciation
= Non-GAAP adjusted EBITDA for Extended Warranty segment 3.35M
|
|||
| Non-GAAP adjusted EBITDA for KSX segment non-GAAP | 12.9M | Twelve Months Ended 6/30/2026 | +68.7% |
|
|
|||
GAAP → non-GAAP reconciliationGAAP GAAP Operating Income for KSX segment 10.45M
+1.1M Acquisition and employee costs (1)
+117K Investment income (2)
+1.24M Depreciation
= Non-GAAP adjusted EBITDA for KSX segment 12.9M
|
|||
| Roundhouse operating income | $0.8M | the three months ended June 30, 2026 filing | — |
| Roundhouse revenue | $5.2M | the three months ended June 30, 2026 filing | — |
| Total segment operating income non-GAAP | $4.17M | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
KWY
this stock
KINGSWAY Corp
|
$261.25M | -30.7% | +23.4% | — | 4.8% |
|
BLK
BlackRock, Inc.
|
$347.03B | -0.4% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -29.4% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -27.6% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -19.7% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| KWY | +1.3% | -9.7% | -22.1% | -1.9% | -30.7% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | +0.1% | -10.3% | -33.6% | -3.5% | -44.3% |
Capital returns
Buyback program
· as of Mar 31, 2023
Authorized
$10.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.