Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $177M | $44.6M | $52.1M | $59.9M | $47.6M | $78.4M | $93.3M | $103M | $109M | $135M |
| Revenue growth | — | -74.8% | 16.8% | 15.1% | -20.6% | 64.7% | 19.0% | 10.7% | 5.9% | 23.4% |
| Operating income | -$7.07M | $6.78M | -$2.29M | -$1.41M | -$5.22M | -$474K | -$3.57M | $954K | $2.16M | -$2.40M |
| Operating margin | -4.0% | 15.2% | -4.4% | -2.4% | -11.0% | -0.6% | -3.8% | 0.9% | 2.0% | -1.8% |
| Net income | $522K | -$11.6M | -$28.3M | -$4.31M | -$5.42M | $1.86M | $15.1M | $24.0M | -$8.29M | -$10.3M |
| Net margin | 0.3% | -26.0% | -54.4% | -7.2% | -11.4% | 2.4% | 16.2% | 23.3% | -7.6% | -7.6% |
| EPS (diluted) | $0.01 | -$0.79 | -$1.41 | -$0.32 | -$0.35 | -$0.04 | $0.98 | $0.89 | -$0.35 | -$0.43 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.6M | -$14.4M | -$10.1M | $759K | $1.67M | -$5.91M | -$14.6M | -$26.2M | $1.07M | -$3.00K |
| Capital expenditures | $645K | — | — | — | $213K | $830K | — | — | — | — |
| Free cash flow | -$16.2M | — | — | — | $1.46M | -$6.74M | — | — | — | — |
| Share buybacks | $125K | $0.00 | — | — | — | — | $0.00 | $3.20M | $2.50M | $345K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.00K | $5.38M | $14.6M | $755K | $14.4M | $10.1M | $64.2M | $9.10M | $5.49M | $8.31M |
| Total assets | $758K | $13.2M | $378M | $22.2M | $452M | $476M | $286M | $198M | $187M | $231M |
| Total liabilities | $14.0K | $3.17M | $348M | $13.8M | $434M | $461M | $264M | $173M | $168M | $197M |
| Long-term debt | $234M | $244M | $253M | $259M | $268M | $94.1M | $102M | $44.4M | $57.5M | $70.7M |
| Shareholders' equity | $56.0M | $41.4M | $12.5M | $874K | -$2.00M | -$5.72M | $15.7M | $27.7M | $8.41M | $15.2M |
| Retained earnings | -$298M | -$311M | -$382M | -$388M | -$395M | -$395M | -$370M | -$347M | -$361M | -$373M |
| Shares (wtd avg diluted) | 20.0M | 21.5M | 21.7M | 21.9M | 22.2M | 22.5M | 25.3M | 26.4M | 27.2M | 27.9M |
Every figure is extracted from KINGSWAY Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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