Filing Flows › Kingsway (KWY) › Q2 2026
Kingsway (KWY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Kingsway (KWY) reported revenue of $39.4M for the second quarter 2026 (Q2 2026), +28% from a year earlier and +1% from the quarter before. Operating margin was -0.3%, net earnings $157K (0.4% of revenue).
Kingsway, Q2 2026: revenue $39.4M (+28% year over year), operating margin -0.3%, net earnings $157K, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.4M | +1% | +28% |
| Operating profit | −$109K | -122% | — |
| Net earnings | $157K | — | — |
| Operating cash flow | $1.2M | — | +257% |
| Free cash flow | $754K | — | +88% |
What changed
Revenue was $39.4M in Q2 2026, up 28% year over year and up 1% from the previous quarter.
Gross margin was 43.4%, up 1.3 points from Q2 2025. Operating costs exceeded revenue by $109K, an operating margin of -0.3%. Operating expenses grew 22% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+145%). Net earnings were −$617K. The effective tax rate was 54.1%. Non-operating items added $451K, 132% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.2M (up 257% year over year), 767% of net income including minority interests. Non-cash charges added back $2.5M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $450K left free cash flow of $754K.
Questions
What was Kingsway's revenue in the second quarter 2026?
Kingsway (KWY) reported revenue of $39.4M for the second quarter 2026 (Q2 2026), +28% from a year earlier and +1% from the quarter before.
Was Kingsway profitable in the second quarter 2026?
Operating loss was $109K (-0.3% of revenue) and net earnings $157K.
Source: Kingsway 10-Q on SEC EDGAR.