Kingsway Financial Services Inc. Earnings Recaps
Q3 2025
Nov 9, 2025
Kingsway delivered a robust performance in Q3 2025, with 37% year-over-year revenue growth and the KSX segment achieving record-breaking results, comprising the majority of total revenues for the first time.
Key takeaways
- Revenues surged 37% year-over-year, bolstered by exceptional 104% growth in the KSX segment.
- Adjusted EBITDA for KSX improved by 90%, highlighting operational efficiency, despite two nonrecurring expenses impacting reported earnings.
- Successful completion of four strategic acquisitions during the quarter, enhancing growth potential and market presence.
- Positive momentum across subsidiaries indicates a promising outlook for organic growth, particularly in Roundhouse and Kingsway Skilled Trades.
- Trailing 12-month adjusted run rate EBITDA stands between $20.5 million and $22.5 million, reflecting strong financial health.