Kingsway revenue rises 4.5% to $38.9 million, but Q3 net loss widens to $3.2 million
Kingsway reported third quarter 2026 results with consolidated revenue up 4.5% to $38.9 million, driven by a 18.2% rise in KSX revenue to $22.4 million. The company posted a net loss of $3.2 million, wider than the $2.4 million loss a year earlier, and adjusted EBITDA of $2.0 million was slightly below $2.1 million. Shareholders see higher sales but a larger loss and flat adjusted EBITDA, while the company also disclosed organic growth figures for the first time.
Key points
- Consolidated revenue rose 4.5% to $38.9 million from $37.2 million in the third quarter of 2025.
- Net loss was $3.2 million versus $2.4 million a year earlier; adjusted EBITDA was $2.0 million versus $2.1 million.
- Extended Warranty revenue fell 9.8% to $16.4 million, reflecting the sale of Trinity Warranty Solutions LLC; excluding Trinity it rose 5.9%.
- Total net debt was $60.3 million at September 30, 2026, down from $62.4 million at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.