Kingsway (KWY) Operating Expenses (2011 - 2026)
Kingsway (KWY) posted quarterly Operating Expenses of $38.2 million for Q4 2025, up 37.33% year-over-year from $27.9 million in Q4 2024, and up 0.55% quarter-over-quarter from $38.0 million in Q3 2025.
Kingsway (KWY) Operating Expenses (2011 - 2026) Analysis & Trends
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 for Q4 2025 stood at $38.2 million, up from $38.0 million in the prior quarter.
- The five-year high for Operating Expenses was $81.2 million in Q4 2023, with the low at -$53.3 million in Q4 2022.
- The 5-year median for Operating Expenses is $25.6 million (2023), against an average of $22.0 million.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses soared 8911.79% in 2021, then plunged 170.4% in 2022.
- Kingsway's Operating Expenses stood at $75.7 million in 2021, then slumped by 170.4% to -$53.3 million in 2022, then jumped by 252.3% to $81.2 million in 2023, then slumped by 65.69% to $27.9 million in 2024, then jumped by 37.33% to $38.2 million in 2025.
- Business Quant data shows KWY's Operating Expenses at $38.2 million in Q4 2025, $38.0 million in Q3 2025, and $32.0 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 3.18 Bn |
| 10 | Kingsway | 298.33 Mn | 244.73 Mn | 17.12 Mn | 17.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.84 Mn |
| Dec 31, 2025 | 38.25 Mn |
| Sep 30, 2025 | 38.04 Mn |
| Jun 30, 2025 | 32.05 Mn |
| Mar 31, 2025 | 29.06 Mn |
| Dec 31, 2024 | 27.85 Mn |
| Sep 30, 2024 | 27.81 Mn |
| Jun 30, 2024 | 26.32 Mn |
| Mar 31, 2024 | 25.39 Mn |
| Dec 31, 2023 | 81.17 Mn |
| Sep 30, 2023 | 6.23 Mn |
| Jun 30, 2023 | 7.15 Mn |
| Mar 31, 2023 | 25.88 Mn |
| Dec 31, 2022 | -53.30 Mn |
| Sep 30, 2022 | 4.04 Mn |
| Jun 30, 2022 | 22.06 Mn |
| Mar 31, 2022 | 23.21 Mn |
| Dec 31, 2021 | 75.70 Mn |
| Sep 30, 2021 | 1.24 Mn |
| Jun 30, 2021 | 952,000.00 |