Kingsway Financial Services ( (KFS) ) has released its Q1 earnings. Here is a breakdown of the information Kingsway Financial Services presented to its investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kingsway Financial Services Inc. is a publicly-traded company in the United States that employs the Search Fund model to acquire and develop businesses, focusing on asset-light, profitable, and recurring revenue services in both B2B and B2C sectors. The company recently released its first quarter 2025 financial results, highlighting an 8.4% increase in consolidated revenue to $28.3 million compared to the previous year. Despite this growth, the company reported a net loss of $3.1 million, an increase from the $2.3 million loss in the same period last year. The company’s KSX segment showed significant growth, with revenue increasing by 23.3% year-over-year, primarily due to recent acquisitions, while the Extended Warranty segment remained stable in revenue but showed a positive trend in cash sales. Kingsway’s strategic moves included the acquisition of Bud’s Plumbing and ViewPoint, enhancing its service offerings and market reach. The company also appointed a new President and CEO for its dealer warranty businesses, aligning leadership with its growth strategies. Looking ahead, Kingsway’s management remains optimistic about its growth prospects, emphasizing its robust KSX deal pipeline and commitment to leveraging the Search Fund model to achieve long-term shareholder value.