---
title: "Kingsway Financial | 8-K: FY2026 Q1 Revenue: USD 39 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285658240.md"
datetime: "2026-05-08T03:31:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285658240.md)
  - [en](https://longbridge.com/en/news/285658240.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285658240.md)
---

# Kingsway Financial | 8-K: FY2026 Q1 Revenue: USD 39 M

Revenue: As of FY2026 Q1, the actual value is USD 39 M.

#### Consolidated Revenue

Kingsway Financial Services Inc. reported a consolidated revenue increase of 37.4% to $39.0 million in Q1 2026, up from $28.3 million in Q1 2025.

#### Segment Revenue

-   **Kingsway Search Xcelerator (KSX)**: Revenue increased by 80.7% to $21.1 million in Q1 2026, compared to $11.7 million in Q1 2025.
-   **Extended Warranty**: Revenue increased by 7.2% to $17.9 million in Q1 2026, compared to $16.7 million in Q1 2025. Extended Warranty cash sales also increased by 11.8%.

#### Net Loss

Kingsway Financial Services Inc.’s consolidated net loss was -$2.2 million in Q1 2026, an improvement compared to a net loss of -$3.1 million in Q1 2025.

#### Adjusted EBITDA

-   **Consolidated Adjusted EBITDA**: Increased to $2.4 million in Q1 2026, up from $1.4 million in Q1 2025.
-   **KSX Adjusted EBITDA**: Increased by 82% to $3.5 million in Q1 2026, compared to $1.9 million in Q1 2025.
-   **Extended Warranty Adjusted EBITDA**: Was $0.4 million in Q1 2026, compared to $0.9 million in Q1 2025.

#### Total Net Debt

As of March 31, 2026, Kingsway Financial Services Inc. had total net debt of $63.9 million, an increase from $62.4 million as of December 31, 2025.

#### Portfolio LTM EBITDA

The Portfolio LTM (Last Twelve Months) EBITDA for the operating companies was estimated to be between $22.0 million and $23.0 million as of March 31, 2026.

#### Outlook / Guidance

Kingsway 金融服务 reiterates its target of three to five acquisitions in 2026. The company also continues to expect double-digit organic growth in revenue and profit for both the KSX and Extended Warranty segments for the full year 2026. This combination of organic growth and acquisition activity is anticipated to position Kingsway 金融服务 for meaningful financial and strategic progress.

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