Filing Flows › Kingsway (KWY) › Q3 2026
Kingsway (KWY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Kingsway (KWY) reported revenue of $38.9M for the third quarter 2026 (Q3 2026), +5% from a year earlier and -1% from the quarter before. Operating margin was 1.1%, net loss $3.1M (8.1% of revenue).
Kingsway, Q3 2026: revenue $38.9M (+4% year over year), operating margin 1.1%, net loss $3.1M, operating cash flow $4.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.9M | -1% | +5% |
| Operating profit | $427K | — | — |
| Net earnings | −$3.1M | -2106% | — |
| Operating cash flow | $4.1M | +239% | +178% |
What changed
Revenue was $38.9M in Q3 2026, up 5% year over year and down 1% from the previous quarter.
Gross margin was 41.7%, down 2.4 points from Q3 2025. Operating profit was $427K, a 1.1% margin (up 3.4 points year over year). Operating expenses fell 9% while revenue rose 5%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $3.1M, after a profit of $157K the previous quarter. Minority interests bore $502K of it: to shareholders the quarter was a loss of $2.6M. Net interest and other expense of $3.8M was the main reason.
Operating cash flow was $4.1M (up 178% year over year). Non-cash charges added back $2.4M of depreciation and amortization and $463K of share-based compensation. Working capital and other items added $4.3M.
Questions
What was Kingsway's revenue in the third quarter 2026?
Kingsway (KWY) reported revenue of $38.9M for the third quarter 2026 (Q3 2026), +5% from a year earlier and -1% from the quarter before.
Was Kingsway profitable in the third quarter 2026?
Operating profit was $427K (1.1% of revenue) and net loss $3.1M.
Source: Kingsway 10-Q on SEC EDGAR.