This is a paid press release. Contact the press release distributor directly with any inquiries.
Kingsway Reports Third Quarter 2026 Financial Results
— Revenue Growth of 5% to $38.9 Million —
— KSX Revenue Growth of 18% to $22.4 Million —
— Extended Warranty Revenue of $16.4 Million —
— Organic Growth Metrics Published for First Time–
Management to Host Conference Call Today, November 5, 2026, at 5 p.m. ET
CHICAGO, IL /ACCESS Newswire/ November 5, 2026 / Kingsway Corporation (“Kingsway” or the “Company”), (NYSE:KWY)the only publicly-traded US company employing the Search Fund model to acquire and build great businesses, today announced its operating results for the three and nine months ended September 30, 2026.
Third Quarter 2026 Financial <a href="https://bitcomme.com/clarus-q3-earnings-call-highlights/” title=”Clarus Q3 Earnings Call Highlights”>Highlights Compared To Third Quarter 2025
|
|
Kingsway Search Xcelerator (“KSX”) revenue increased 18.2% to $22.4 million, compared to $19.0 million. |
|
Extended Warranty revenue decreased 9.8% to $16.4 million from $18.2 million in the prior-year quarter. Excluding the sale of Trinity Warranty Solutions LLC (“Trinity”), Extended Warranty revenue increased 5.9% to $16.4 million from $15.5 million; Extended Warranty cash sales excluding Trinity increased 6.3%. |
|
|
|
KSX adjusted EBITDA increased by 24.5% to $3.3 million, compared to $2.7 million. |
|
Extended Warranty adjusted EBITDA increased by 88.3% to $1.4 million, compared to $0.8 million. Extended Warranty adjusted EBITDA excluding Trinity was $1.4 million compared to $0.4 million. |
|
Organic Segment Revenue Growth was 7.6%. |
|
Organic Segment Adjusted EBITDA Growth was 54.1% |
|
-
Portfolio LTM EBITDA for the operating companies was $23 million to $24 million for the twelve months ended September 30, 2026.
“Kingsway delivered another exceptional result in the third quarter, with strong profitability, organic growth, and cash flow,” said JT Fitzgerald, Kingsway’s President and CEO.
“KSX achieved $3.3 million in adjusted EBITDA. Extended Warranty adjusted EBITDA was $1.4 million, and lender-defined Modified Cash Adjusted EBITDA, which is used as the basis for financial covenant calculations under the Company’s credit agreement, was $2.7 million.
“During the quarter, Kingsway had approximately $0.6 million of revenue re-deferrals at its operating subsidiaries. Normalizing for these non-cash accounting items, profitability of the segments in the quarter would have been broadly consistent with Kingsway’s strong second quarter result.
