The Tip Desk

KINGSWAY Corp

Company Stats

Market Cap
$274.8M
as of Sep 30, 2026
Enterprise Value
$339.4M
Shares Outstanding
28.9M
Free Float
46.3%

Income Statement

Revenue
$135.0M
Operating Income
-$2.4M
Net Income
-$10.3M
EBITDA
$6.8M
Non-cash Impairment
$700,000
Revenue Growth, 3Y
13.1%

Balance Sheet

Cash & Equivalents
$8.3M
Total Debt
$72.8M
Net Debt
$64.5M
Net Debt / EBITDA
9.45x
EV / EBITDA
49.71x

Returns & Capital

Share Repurchases
$345,000
Buyback Yield, 3Y Avg
0.7%
SBC, 3Y Avg
$1.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$135.0M——
FY2024$109.4M——
FY2023$103.2M——
FY2022$93.3M——
FY2021$78.4M-$6.7M-8.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 9, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage