Kingsway (KFS) Cost of Revenue (2011 - 2025)
Kingsway (KFS) recorded quarterly Cost of Revenue of $17.0 million in Q4 2025, up 445.31% quarter-over-quarter from $3.1 million in Q3 2025, and up 3.97% on a YoY basis from $16.4 million in Q4 2024.
Kingsway (KFS) Cost of Revenue (2011 - 2025) Analysis & Trends
Kingsway's Cost of Revenue history runs 15 years deep, the most recent figure standing at $17.0 million for Q4 2025.
- In Q4 2025, Cost of Revenue rose 3.97% year-over-year to $17.0 million; the TTM figure through Dec 2025 stood at $32.9 million (up 17.06% YoY), while the FY2025 annual figure was $25.7 million, up 4.68% from the prior year.
- Cost of Revenue was $17.0 million for Q4 2025 at Kingsway, up from $3.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $17.0 million in Q4 2025 to a low of -$7.8 million in Q4 2021.
- Historically, Cost of Revenue has averaged $5.1 million across 5 years, with a median of $3.9 million in 2021.
- The sharpest annual moves came in 2021 and 2022: Cost of Revenue slumped 232.17% in 2021, then soared 296.22% in 2022.
- A 5-year view of Cost of Revenue shows it stood at -$7.8 million in 2021, then jumped by 296.22% to $15.4 million in 2022, then plunged by 63.82% to $5.6 million in 2023, then jumped by 194.96% to $16.4 million in 2024, then advanced by 3.97% to $17.0 million in 2025.
- The last three Cost of Revenue figures came in at $17.0 million (Q4 2025), $3.1 million (Q3 2025), and $6.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 157.18 Bn | 147.56 Bn | - | - |
| 2 | Blackstone | 93.31 Bn | 92.26 Bn | - | - |
| 3 | Kkr | 84.66 Bn | 132.17 Bn | - | - |
| 4 | Apollo Global Management | 78.64 Bn | 97.37 Bn | 5.04 Bn | 15.00 Mn |
| 5 | State Street | 45.19 Bn | 19.51 Bn | - | - |
| 6 | Ameriprise Financial | 42.16 Bn | 42.03 Bn | 4.57 Bn | 317.00 Mn |
| 7 | Northern Trust | 30.87 Bn | 30.87 Bn | - | - |
| 8 | Raymond James Financial | 29.59 Bn | 18.34 Bn | - | - |
| 9 | Ares Management | 28.80 Bn | 32.17 Bn | - | - |
| 10 | Kingsway | - | - | 21.51 Mn | 17.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 17.04 Mn |
| Dec 31, 2025 | 17.04 Mn |
| Sep 30, 2025 | 3.13 Mn |
| Sep 30, 2025 | 3.13 Mn |
| Jun 30, 2025 | 6.81 Mn |
| Jun 30, 2025 | 6.81 Mn |
| Mar 31, 2025 | 5.91 Mn |
| Mar 31, 2025 | 5.91 Mn |
| Dec 31, 2024 | 16.39 Mn |
| Dec 31, 2024 | 16.39 Mn |
| Sep 30, 2024 | 2.80 Mn |
| Sep 30, 2024 | 2.80 Mn |
| Jun 30, 2024 | 2.78 Mn |
| Jun 30, 2024 | 2.78 Mn |
| Mar 31, 2024 | 6.12 Mn |
| Mar 31, 2024 | 6.12 Mn |
| Dec 31, 2023 | 5.56 Mn |
| Dec 31, 2023 | 5.56 Mn |
| Sep 30, 2023 | 5.88 Mn |
| Sep 30, 2023 | 5.88 Mn |