Kingsway (KFS) Operating Expenses (2011 - 2025)

Kingsway's Operating Expenses history runs 15 years deep, the most recent figure standing at $38.2 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 37.33% year-over-year to $38.2 million; the TTM figure through Dec 2025 stood at $137.4 million (up 27.96% YoY), while the FY2025 annual figure was $137.4 million, up 28.14% from the prior year.
• Operating Expenses was $38.2 million for Q4 2025 at Kingsway, up from $38.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $81.2 million in Q4 2023 to a low of -$53.3 million in Q4 2022.
• Historically, Operating Expenses has averaged $18.6 million across 5 years, with a median of $21.7 million in 2021.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses surged 6043.52% in 2021, then plunged 1475.0% in 2022.
• A 5-year view of Operating Expenses shows it stood at $3.9 million in 2021, then slumped by 1475.0% to -$53.3 million in 2022, then surged by 252.3% to $81.2 million in 2023, then tumbled by 65.69% to $27.9 million in 2024, then surged by 37.33% to $38.2 million in 2025.
• The last three Operating Expenses figures came in at $38.2 million (Q4 2025), $38.0 million (Q3 2025), and $32.0 million (Q2 2025), per Business Quant data.