For the quarter ending 2025-09-30, KFS has $235,133K in assets. $199,314K in debts. $9,291K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Fixed maturities, at fair value (amortized cost of 37,764 and 38,117, respectively) | 37,400 | 37,530 | ||
| Limited liability investments-Limited Liability Investments | 649 | 650 | ||
| Limited liability investment, at fair value-Limited Liability Investments | 3,148 | 3,037 | ||
| Investments in private companies, at adjusted cost | 575 | 628 | ||
| Short-term investments, at cost which approximates fair value | 174 | 173 | ||
| Total investments | 41,946 | 42,018 | ||
| Cash and cash equivalents | 9,291 | 12,079 | ||
| Restricted cash | 7,538 | 7,378 | ||
| Accrued investment income | 932 | 895 | ||
| Service fee receivable, net of allowance for credit losses of 1,217 and 626, respectively-Service Fees | 14,658 | 10,940 | ||
| Other receivables, net of allowance of 5 and 5, respectively | 1,085 | 2,904 | ||
| Deferred contract costs | 14,908 | 14,570 | ||
| Income taxes receivable | 0 | 605 | ||
| Property and equipment, net of accumulated depreciation of 2,179 and 1,720, respectively | 5,871 | 1,679 | ||
| Right-of-use asset | 6,925 | 2,561 | ||
| Goodwill | 69,544 | 57,547 | ||
| Intangible assets, net of accumulated amortization of 40,196 and 34,442, respectively | 54,918 | 40,134 | ||
| Other assets | 7,517 | 14,387 | ||
| Total assets | 235,133 | 207,697 | ||
| Accrued expenses and other liabilities | 29,336 | 20,701 | ||
| Income taxes payable | 75 | - | ||
| Deferred service fees | 87,415 | 86,430 | ||
| Bank loans | 55,803 | 43,351 | ||
| Notes payable | 1,032 | 1,053 | ||
| Subordinated debt, at fair value | 13,889 | 13,928 | ||
| Lease liability | 7,190 | 2,826 | ||
| Net deferred income tax liabilities | 4,574 | 3,800 | ||
| Total liabilities | 199,314 | 172,089 | ||
| Redeemable preferred stock, 0.01 par value 650,000 and 330,000 authorized, issued and outstanding at september 30, 2025 and december 31, 2024, respectively redemption amount of 16,250 and 8,250 at september 30, 2025 and december 31, 2024, respectively | 16,250 | 16,250 | ||
| Redeemable noncontrolling interest in consolidated subsidiary | 925 | - | ||
| Common stock, 0.01 par value 50,000,000 authorized 29,638,777 and 28,119,776 issued at september 30, 2025 and december 31, 2024, respectively and 28,612,850 and 27,136,749 outstanding at september 30, 2025 and december 31, 2024, respectively | 296 | 294 | ||
| Additional paid-in capital | 394,640 | 392,853 | ||
| Treasury stock, at cost 1,025,927 and 983,027 outstanding at september 30, 2025 and december 31, 2024, respectively | 6,545 | 6,545 | ||
| Accumulated deficit | -371,335 | -368,520 | ||
| Accumulated other comprehensive loss | -407 | -640 | ||
| Shareholders' equity attributable to common shareholders | 16,649 | 17,442 | ||
| Noncontrolling interests in consolidated subsidiaries | 1,995 | 1,916 | ||
| Total shareholders' equity | 18,644 | 19,358 | ||
| Total liabilities, redeemable preferred stock, redeemable noncontrolling interest and shareholders' equity | 235,133 | 207,697 | ||
KINGSWAY FINANCIAL SERVICES INC (KFS)
KINGSWAY FINANCIAL SERVICES INC (KFS)