Kingsway Financial Services (KFS)
Acquires and operates recurring-revenue service businesses through KSX and warranty units.
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Kingsway Financial Services is a Chicago holding company listed on the NYSE. It runs two segments: Kingsway Search Xcelerator, which acquires and operates service businesses, and Extended Warranty, which administers vehicle, HVAC, generator, lighting and refrigeration warranty products.
Kingsway Financial Services is a Delaware holding company headquartered in Chicago with operating subsidiaries in the United States. Its strategy is built around the search-fund model, using operator-led acquisitions to add asset-light services businesses with recurring revenue. The Kingsway Search Xcelerator segment includes finance and human-resources consulting, executive staffing, healthcare staffing, outsourced cardiac telemetry, property-management software, IT managed services, electric-motor service and repair, and skilled-trades plumbing businesses.
The Extended Warranty segment markets and administers vehicle service agreements through credit unions and dealers and offers warranty and maintenance support products for HVAC, standby generator, commercial lighting and refrigeration equipment. The company depends on disciplined acquisition sourcing, the ability of portfolio operators to run acquired businesses, warranty distribution relationships, claims experience and service demand across its mixed operating-company base.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.4M · Total debt $22.8M · Total assets $227.8M · Shareholders' equity $12.8M
- Revenue
- $39.4M
- Operating income
- −$109.0K
- Net income
- −$941.0K
No dividends on record.
| Institutions | ≥ 42.29% | 12.23M shares | |
|---|---|---|---|
| 77 holders · as of Mar 31, 2026 | |||
| Insiders | 42.08% | 12.18M shares | |
| 9 holders · as of May 20, 2026 | |||
| Other | ≤ 15.63% | 4.52M shares | |
| remainder | |||
28.93M company shares as of Sep 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Institutional filings for KWY (100% of the company) are not on file here, so the institutional figure is a floor.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Stilwell Value LLCInstitution | 11.63% | 3.36M | as of Mar 31, 2026 |
Adam J. PatinkinInsider | 10.42% | 3.02M | filed May 20, 2026 |
Adam Jonathan PatinkinInsiderdirector | 8.80% | 2.55M | filed Dec 18, 2025 |
Charles L. FrischerInsiderdirector | 6.44% | 1.86M | filed May 14, 2025 |
Greenhaven Road Investment Management, L.P.Institution | 6.40% | 1.85M | as of Mar 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 30, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +229 | $10.93 |
| Apr 30, 2026 | Kent A. Hansen | officer: CFO & EVP | +143 | $10.93 |
| Apr 15, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +211 | $11.85 |
| Mar 30, 2026 | John Taylor Maloney Fitzgerald | director, officer: President and CEO | +244 | $10.22 |
| Mar 30, 2026 | Kent A. Hansen | officer: CFO & EVP | +153 | $10.22 |
Not reported.