For the quarter ending 2025-09-30, KFS had -$2,628K decrease in cash & cash equivalents over the period. $1,280K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -2,411 | -6,257 |
| Income from discontinued operations, net of taxes | 0 | 0 |
| Loss on disposal of discontinued operations, net of taxes | 0 | 0 |
| Equity in net loss of limited liability investments | -1 | 0 |
| Depreciation and amortization expense | 2,691 | 3,697 |
| Stock-based compensation expense | 630 | 761 |
| Net realized gains | -5 | 57 |
| Net loss on change in fair value of equity investments | 0 | 0 |
| Gain on change in fair value of limited liability investment, at fair value | 111 | 178 |
| Impairment of intangible assets (excluding goodwill) | 249 | 219 |
| (gain) loss on change in fair value of debt | -18 | 19 |
| Loss on change in fair value of derivatives | 0 | 0 |
| Loss on change in fair value of contingent consideration | 0 | 0 |
| Deferred income taxes, adjusted for liabilities acquired | 2,153 | 571 |
| Amortization of fixed maturities premiums and discounts | 15 | 28 |
| Loss on extinguishment of debt | -121 | -115 |
| Service fee receivable, net, adjusted for assets acquired | -1,378 | 1,379 |
| Other receivables, net, adjusted for assets acquired | 459 | -412 |
| Deferred contract costs | 338 | 681 |
| Other assets, adjusted for assets acquired | 79 | 238 |
| Deferred service fees | 985 | 3,322 |
| Other, net, adjusted for liabilities acquired | 956 | -579 |
| Cash provided by operating activities - continuing operations | 1,468 | -1,461 |
| Cash provided by operating activities - discontinued operations | 0 | 0 |
| Net cash provided by operating activities | 1,468 | -1,461 |
| Proceeds from sales and maturities of fixed maturities | 2,058 | 5,687 |
| Proceeds from sales of equity investments | 0 | 0 |
| Purchases of fixed maturities | 1,749 | 5,688 |
| Net proceeds from limited liability investment, at fair value | 35 | 95 |
| Net proceeds from investments in private companies | -23 | -107 |
| Net purchases of short-term investments | -1 | -4 |
| Net proceeds from sale of discontinued operation | 0 | - |
| Acquisition of businesses, net of cash acquired | 15,924 | 13,631 |
| Acquisition of assets | 188 | - |
| Net purchases of property and equipment, adjusted for assets acquired | 470 | 242 |
| Cash used in investing activities - continuing operations | -16,216 | -13,676 |
| Cash used in investing activities - discontinued operations | 0 | 0 |
| Net cash used in investing activities | -16,216 | -13,676 |
| Proceeds from issuance of common stock, net | 0 | 15,602 |
| Proceeds from issuance of preferred stock | 0 | 8,000 |
| Cash paid for repurchase of common stock | 0 | 345 |
| Cash paid to acquire noncontrolling interest | 0 | - |
| Distributions to noncontrolling interest holders | 0 | 0 |
| Payment of preferred stock dividends | 285 | 389 |
| Payment of contingent consideration from acquisition | 0 | 420 |
| Taxes paid related to net share settlements of restricted stock awards | 0 | 0 |
| Principal proceeds from bank loans, net of debt issuance costs of 389 in 2025 and 287 in 2024 | 14,649 | 9,410 |
| Principal payments on bank loans | 2,226 | 10,346 |
| Principal payments on note payable | 18 | 54 |
| Cash provided by financing activities - continuing operations | 12,120 | 21,458 |
| Cash used in financing activities - discontinued operations | 0 | 0 |
| Net cash provided by financing activities | 12,120 | 21,458 |
| Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations | -2,628 | 6,321 |
| Cash and cash equivalents at beginning of period | 13,136 | - |
| Cash and cash equivalents at end of period | 16,829 | - |
KINGSWAY FINANCIAL SERVICES INC (KFS)
KINGSWAY FINANCIAL SERVICES INC (KFS)