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Balance Sheets Overview

Current Ratio
91.93%
Quick Ratio
91.93%
Cash Ratio
8.55%
Debt to Asset Ratio
85.96%
Unit: Thousand (K) dollars
Assets Breakdown
    • Intangible assets, net of accumu...
    • Investments (including 36,945 an...
    • Service fee receivable, net of a...
    • Others
Liabilities Breakdown
    • Total current liabilities
    • Long-term debt (including 13,148...
    • Deferred service fees
    • Others
Balance Sheets
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Other receivables, net of allowance of 5 and 5, respectively
-
-
1,085
2,904
Deferred contract costs
-
14,907
14,908
14,570
Income taxes receivable
-
0
0
605
Cash and cash equivalents
7,268
8,306
9,291
12,079
Restricted cash
7,781
7,965
7,538
7,378
Fixed maturities, at fair value (amortized cost of 37,005 and 38,117, respectively)
-
36,765
37,400
37,530
Limited liability investments
-
649
649
650
Limited liability investment, at fair value
-
3,476
3,148
3,037
Investments in private companies, at adjusted cost
-
575
575
628
Short-term investments, at cost which approximates fair value
-
178
174
173
Accrued investment income
-
-
932
895
Investments (including 36,945 and 36,765, respectively, at fair value) (note 6)
37,123
41,643
41,946
42,018
Service fee receivable, net of allowance for credit losses of 1,321 and 1,113, respectively
16,431
13,840
14,658
10,940
Other current assets
9,506
-
-
-
Total current assets
78,109
-
-
-
Deferred contract costs, noncurrent
12,170
-
-
-
Property and equipment, net of accumulated depreciation of 2,908 and 2,587, respectively
6,423
6,354
5,871
1,679
Right-of-use asset
-
7,014
6,925
2,561
Goodwill
69,808
69,130
69,544
57,547
Intangible assets, net of accumulated amortization of 36,165 and 34,013, respectively
50,913
52,265
54,918
40,134
Other assets
14,789
10,075
7,517
14,387
Total assets
232,212
231,499
235,133
207,697
Income taxes payable
-
28
75
-
Deferred service fees
-
87,154
87,415
86,430
Accrued expenses and other current liabilities
26,493
28,664
29,336
20,701
Deferred service fees
42,626
-
-
-
Short-term and current portion of long-term debt
15,847
-
-
-
Bank loans
-
-
55,803
43,351
Total current liabilities
84,966
-
-
-
Notes payable
-
-
1,032
1,053
Deferred service fees
45,793
-
-
-
Subordinated debt, at fair value
-
-
13,889
13,928
Long-term debt (including 13,148 and 13,698, respectively, at fair value) (note 10)
55,307
70,712
-
-
Lease liability
-
7,304
7,190
2,826
Other liabilities, noncurrent
10,533
-
-
-
Net deferred income tax liabilities
3,015
3,225
4,574
3,800
Total liabilities
199,614
197,087
199,314
172,089
Redeemable preferred stock, 0.01 par value 650,000 authorized, issued and outstanding at march 31, 2026 and december 31, 2025 redemption amount of 16,250 at march 31, 2026 and december 31, 2025
16,250
16,250
16,250
16,250
Redeemable noncontrolling interest in consolidated subsidiary
808
792
925
-
Common stock, 0.01 par value 50,000,000 authorized 29,651,671 issued at march 31, 2026 and december 31, 2025 and 28,625,744 outstanding at march 31, 2026 and december 31, 2025
296
296
296
294
Additional paid-in capital
395,168
394,848
394,640
392,853
Treasury stock, at cost 1,025,927 outstanding at march 31, 2026 and december 31, 2025
6,545
6,545
6,545
6,545
Accumulated deficit
-376,163
-373,370
-371,335
-368,520
Accumulated other comprehensive income (loss)
395
-60
-407
-640
Shareholders' equity attributable to common shareholders
13,151
15,169
16,649
17,442
Noncontrolling interests in consolidated subsidiaries
2,389
2,201
1,995
1,916
Total shareholders' equity
15,540
17,370
18,644
19,358
Total liabilities, redeemable preferred stock, redeemable noncontrolling interest and shareholders' equity
232,212
231,499
235,133
207,697
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Investments (including36,945 and 36,765,...$37,123K Service fee receivable,net of allowance for...$16,431K Other current assets$9,506K Restricted cash$7,781K Cash and cashequivalents$7,268K Total current assets$78,109K Goodwill$69,808K Intangible assets, net ofaccumulated amortization of...$50,913K Other assets$14,789K Deferred contract costs,noncurrent$12,170K Property and equipment,net of accumulated...$6,423K Total assets$232,212K Total liabilities,redeemable preferred...$232,212K Total liabilities$199,614K Redeemable preferredstock, 0.01 par value...$16,250K Total shareholders'equity$15,540K Redeemable noncontrollinginterest in consolidated...$808K Total currentliabilities$84,966K Long-term debt (including13,148 and 13,698,...$55,307K Deferred service fees$45,793K Other liabilities,noncurrent$10,533K Net deferred incometax liabilities$3,015K Shareholders' equityattributable to common...$13,151K Noncontrolling interests inconsolidated subsidiaries$2,389K Accumulated deficit-$376,163K Treasury stock, at cost1,025,927 outstanding at...$6,545K Deferred service fees$42,626K Accrued expenses andother current...$26,493K Short-term and currentportion of long-term...$15,847K Additional paid-in capital$395,168K Accumulated othercomprehensive income (loss)$395K Common stock, 0.01 parvalue 50,000,000...$296K

KINGSWAY FINANCIAL SERVICES INC (KFS)

KINGSWAY FINANCIAL SERVICES INC (KFS)