Kingsway Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $135.0M | $109.4M | $103.2M | $93.3M | $78.4M | $61.0M | $9.9M | $52.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $61.2M | $44.9M | $41.8M | $43.5M | $45.2M | $42.1M | $36.3M | $29.7M |
| Operating Income | $-2.4M | $2.2M | $954.0K | $-3.6M | $-474.0K | $-5.2M | $-1.4M | $-2.3M |
| Operating Margin | -1.8% | 2.0% | 0.9% | -3.8% | -0.6% | -8.6% | -14.2% | -4.4% |
| Interest Expense | $5.4M | $4.8M | $6.3M | $8.1M | $6.2M | $7.7M | $9.0M | $7.4M |
| Pretax Income | $-14.0M | $-8.3M | $23.7M | $35.0M | $-6.6M | $-6.5M | $-3.1M | $-21.9M |
| Income Tax Expense | $-3.8M | $-147.0K | $-1.9M | $4.8M | $-3.9M | $-1.1M | $-363.0K | $315.0K |
| Net Income | $-10.3M | $-8.3M | $24.0M | $15.1M | $1.9M | $-7.8M | $600.0K | $-30.7M |
| Net Margin | -7.6% | -7.6% | 23.3% | 16.2% | 2.4% | -12.8% | 6.1% | -59.0% |
| EPS (Basic) | $-0.43 | $-0.35 | $0.91 | $1.06 | $-0.04 | $-0.35 | $-0.32 | $-1.41 |
| EPS (Diluted) | $-0.43 | $-0.35 | $0.89 | $0.98 | $-0.04 | $-0.35 | $-0.32 | $-1.41 |
| Shares Outstanding (Basic) | 27.9M | 27.2M | 25.7M | 23.0M | 22.5M | 22.2M | 21.9M | 21.7M |
| Shares Outstanding (Diluted) | 27.9M | 27.2M | 26.4M | 25.3M | 22.5M | 22.2M | 21.9M | 21.7M |
| Dividends Per Share | — | — | — | — | — | — | $0.00 | $0.00 |