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
DateValue
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