Earnings Releases·Nov 5, 2026, 4:26 PM ET

Kingsway Corporation — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 4.5% year-over-year to $38.9 million, while consolidated net loss widened to $3.2 million from $2.4 million in the prior-year quarter; adjusted EBITDA declined slightly to $2.0 million.
Segment performance showed divergent trends: Kingsway Search Xcelerator (KSX) revenue and adjusted EBITDA grew 18.2% and 24.5% respectively, whereas Extended Warranty revenue fell 9.8% year-over-year, though adjusted EBITDA surged 88.3% to $1.4 million.
Management highlighted a "highly active deal pipeline" to drive future inorganic and organic growth, with LTM Portfolio EBITDA for operating companies projected between $23 million and $24 million.
The company reported its first quarterly organic segment revenue growth of 7.6% and adjusted EBITDA growth of 54.1%, alongside a reduction in total net debt to $60.3 million from $62.4 million at year-end 2025.