KFS (KFS)
Kingsway Financial Services Inc.
NYSE:KFSConsumer Cyclical · Auto - Dealerships
Mkt Cap-
Float9.66M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$136.72M
Net Income-$10.73M
Total Assets$231.5M
Free Cash Flow-$1.62M
Debt & Equity
Debt 62%
Equity 25%
Preferred 13%
Total Debt$78.02M
Total Equity$31.42M
Preferred Stock$16.25M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:4Reverse splitJul 5, 20124 shares → 1
Balance Sheet Details
Assets$231.5M
Liabilities$197.09M
Accounts Receivable$13.94M
Accounts Payable$0
Inventory$0
PP&E (Net)$13.37M
Goodwill$69.13M
Intangible Assets$52.27M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Revenue | $136.72M | $112.53M | $107.66M | $114.69M | $81.41M | $68.6M | $68.25M | $43.61M | $193.18M | $176.62M | $158.75M | $187.83M | $172.16M | $159.66M | $228.55M | $248.08M | $452.7M | $1.48B | $2.04B | $1.92B | $1.92B | $2.03B | $1.94B | $1.16B | $588.87M | $396.74M | $333.69M | $229.37M | $137.17M | $86.6M | $37.39M |
| YoY Growth | 21.5% | 4.5% | -6.1% | 40.9% | 18.7% | 0.5% | 56.5% | -77.4% | 9.4% | 11.3% | -15.5% | 9.1% | 7.8% | -30.1% | -7.9% | -45.2% | -69.3% | -27.5% | 6.2% | -0.4% | -5.1% | 4.5% | 67.9% | 96.2% | 48.4% | 18.9% | 45.5% | 67.2% | 58.4% | 131.6% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.37M | $7.69M | $5.43M | $5.29M | $5.5M | $4.03M | $959K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $136.72M | $112.53M | $107.66M | $114.69M | $81.41M | $68.6M | $68.25M | $36.24M | $185.49M | $171.18M | $153.46M | $182.33M | $168.13M | $158.7M | $228.55M | $248.08M | $452.7M | $1.48B | $2.04B | $1.92B | $1.92B | $2.03B | $1.94B | $1.16B | $588.87M | $396.74M | $333.69M | $229.37M | $137.17M | $86.6M | $37.39M |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 83.1% | 96.0% | 96.9% | 96.7% | 97.1% | 97.7% | 99.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | -$0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $61.22M | $44.92M | $41.8M | $43.52M | $45.24M | $37.7M | $35.76M | $29.37M | $46.27M | $41.63M | $41.76M | $67.23M | $79.81M | $73.93M | $102.24M | $111.37M | $184.2M | $523.08M | $243.08M | $182.26M | $155.77M | $160.25M | $109.97M | $77.98M | $51.47M | $44.63M | $42.44M | $29.36M | $13.42M | $8.46M | $2.79M |
| Other | $89.5M | $75.86M | $42.2M | $36.21M | $42.8M | $36.12M | $33.9M | -$99.92M | $157.29M | $136.41M | $114.45M | $0 | $0 | $0 | $0 | -$388.98M | -$933.68M | -$2.3B | -$2.26B | -$1.93B | -$1.9B | -$2.04B | -$1.97B | -$1.18B | -$598.62M | -$411.85M | -$360.77M | -$225.27M | -$130.75M | -$83.54M | -$35.27M |
| Total Operating Expenses | $150.72M | $120.79M | $84M | $79.73M | $88.04M | $73.82M | $69.66M | -$70.19M | $203.56M | $178.04M | $156.21M | $67.23M | $79.81M | $73.93M | $77.94M | -$277.61M | -$749.48M | -$1.77B | -$2.02B | -$1.75B | -$1.74B | -$1.88B | -$1.86B | -$1.1B | -$547.15M | -$367.22M | -$318.33M | -$195.91M | -$117.33M | -$75.07M | -$32.48M |
| Operating Income (EBIT) | -$14M | -$8.26M | $23.65M | $34.96M | -$6.63M | -$5.22M | -$1.41M | -$16.21M | -$11.65M | -$6.85M | -$1.53M | -$11.22M | -$43.31M | -$53.28M | -$26.08M | -$29.54M | -$296.79M | -$297.47M | $17.46M | $170.1M | $180.27M | $144.49M | $76.05M | $52.73M | $41.72M | $29.52M | $15.37M | $33.46M | $19.85M | $11.53M | $4.91M |
| Operating Margin | -10.2% | -7.3% | 22.0% | 30.5% | -8.1% | -7.6% | -2.1% | -37.2% | -6.0% | -3.9% | -1.0% | -6.0% | -25.2% | -33.4% | -11.4% | -11.9% | -65.6% | -20.2% | 0.9% | 8.9% | 9.4% | 7.1% | 3.9% | 4.6% | 7.1% | 7.4% | 4.6% | 14.6% | 14.5% | 13.3% | 13.1% |
| Interest Expense | $5.45M | $4.79M | $6.25M | $8.09M | $6.16M | $13.67M | $15.06M | $12.26M | $11.24M | $7.39M | $5.28M | $5.64M | $0 | $0 | $7.48M | $14.82M | $23.91M | $35.02M | $38.87M | $30.25M | $25.92M | $22.87M | $16.18M | $7.8M | $7.16M | $7.61M | $7.3M | $0 | $0 | $0 | $147K |
| Interest Income | $1.44M | $0 | $0 | $0 | $0 | $0 | $0 | $595K | $0 | $0 | $0 | $0 | $1.87M | $3.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | -$1 | $0 | -$1 | $0 | $0 | $0 | -$1 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $914K | -$1.72M | -$19.66M | -$2.97M | -$3.61M | -$9.79M | -$4.66M | -$43.38M | -$19.43M | -$586K | -$93M | $9.5M | -$58.41M | -$1.28B | $139.85M | $310.92M | $112.37M | $54.75M | $44.93M | $38.24M | $0 | $1 | $57.94M | $35.08M | $19.55M | $8.51M |
| Income Before Tax (EBT) | -$14M | -$8.26M | $23.65M | $34.96M | -$6.63M | -$4.31M | -$3.13M | -$20.36M | -$29.42M | -$10.45M | -$11.32M | -$11.28M | -$43.38M | -$50.26M | -$26.25M | -$67.24M | -$136.75M | -$355.88M | -$21.41M | $139.85M | $154.35M | $121.62M | $59.87M | $44.93M | $38.24M | $66.21M | $42.03M | $57.94M | $35.08M | $19.55M | $8.51M |
| Income Tax Expense | -$3.75M | -$147K | -$1.9M | $4.83M | -$3.92M | $1.11M | -$363K | $358K | -$17.76M | -$9.72M | $93K | -$57K | -$67K | $3.02M | $169K | -$6.12M | -$30.41M | $73.37M | -$2.88M | $16.55M | $19.34M | $12.64M | -$5.89M | -$5.59M | $6.33M | $3.6M | -$1.31M | $13.28M | $4.33M | $3.36M | $1.98M |
| Net Income | -$10.73M | -$9.27M | $23.56M | $24.72M | -$342K | -$6.72M | -$5.89M | -$26.59M | -$15.47M | $803K | $1.11M | -$12.82M | -$36.86M | -$52.08M | -$20.14M | -$38.24M | -$290.29M | -$405.87M | -$18.53M | $123.31M | $135.01M | $108.98M | $65.77M | $50.52M | $28.22M | $18.32M | $9.37M | $20.18M | $15.51M | $8.17M | $2.79M |
| Net Income Margin | -7.8% | -8.2% | 21.9% | 21.6% | -0.4% | -9.8% | -8.6% | -61.0% | -8.0% | 0.5% | 0.7% | -6.8% | -21.4% | -32.6% | -8.8% | -15.4% | -64.1% | -27.5% | -0.9% | 6.4% | 7.0% | 5.4% | 3.4% | 4.4% | 4.8% | 4.6% | 2.8% | 8.8% | 11.3% | 9.4% | 7.5% |
| Supplementary Data | |||||||||||||||||||||||||||||||
| EPS | -0.43 | -0.34 | 0.91 | 1.72 | -0.04 | -0.35 | -0.13 | -1.22 | -0.75 | 0.02 | 0.04 | -0.74 | -2.61 | -3.96 | -1.54 | -2.94 | -21.54 | -29.41 | -1.31 | 8.76 | 9.56 | 7.20 | 4.64 | 4.16 | 3.12 | 2.16 | 1.04 | 2.32 | 1.82 | 0.96 | 0.33 |
| Diluted EPS | -0.43 | -0.34 | 0.89 | 1.05 | -0.04 | -0.35 | -0.13 | -1.22 | -0.72 | 0.02 | 0.04 | -0.74 | -2.61 | -3.96 | -1.54 | -2.94 | -21.53 | -29.38 | -1.31 | 8.68 | 9.48 | 7.16 | 4.60 | 4.08 | 3.08 | 2.16 | 1.04 | 2.28 | 1.82 | 0.96 | 0.33 |
| Weighted Average OS | 27.86M | 27.19M | 25.71M | 22.96M | 22.54M | 22.18M | 21.86M | 21.73M | 20.55M | 20.00M | 19.62M | 17.40M | 14.11M | 13.15M | 13.09M | 13.02M | 13.48M | 13.80M | 14.16M | 14.08M | 14.12M | 14.03M | 13.12M | 12.17M | 9.30M | 8.56M | 8.80M | 9.01M | 8.50M | 8.50M | 8.50M |
| EBITDA | $670K | $3.53M | $36.12M | $49.5M | $4.6M | $6.73M | $6.92M | -$12.79M | -$10.06M | -$278K | -$5.73M | -$11.22M | $0 | $0 | -$26.08M | -$22.91M | -$65.48M | -$11.38M | $33M | $175.06M | $198.77M | $161.27M | $70.51M | $53.18M | $45.91M | $12.51M | $21.02M | -$0 | -$1 | -$1 | -$1.25M |
| EBITDA Margin | 0.5% | 3.1% | 33.6% | 43.2% | 5.6% | 9.8% | 10.1% | -29.3% | -5.2% | -0.2% | -3.6% | -6.0% | - | - | -11.4% | -9.2% | -14.5% | -0.8% | 1.6% | 9.1% | 10.3% | 8.0% | 3.6% | 4.6% | 7.8% | 3.2% | 6.3% | -0.0% | -0.0% | -0.0% | -3.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $16.27M | $5.49M | $9.1M | $64.17M | $10.08M | $14.37M | $13.48M | $31.91M | $44.29M | $36.48M | $51.7M | $74.03M | $98.59M | $80.81M | $85.49M | $140.57M | $58.73M | $105.66M | $161.63M | $129.71M | $111.03M | $87.09M | $108.64M | $155.57M | $60.43M | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $178K | $8.14M | $6.08M | $157K | $157K | $20.87M | $155K | $152K | $151K | $401K | $400K | $400K | $501K | $585K | $20.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $16.45M | $13.63M | $15.18M | $64.33M | $12.8M | $35.25M | $13.63M | $32.07M | $44.44M | $36.88M | $52.1M | $74.43M | $99.09M | $81.4M | $105.82M | $140.57M | $58.73M | $105.66M | $161.63M | $129.71M | $111.03M | $87.09M | $108.64M | $155.57M | $60.43M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $13.94M | $10.94M | $12.11M | $14.02M | $10.69M | $20.25M | $17.41M | $12.96M | $27.86M | $31.56M | $27.09M | $28.89M | $32.03M | $0 | $56.13M | $3.85B | $98.55M | $150.15M | $458.61M | $528.44M | $505.74M | $599.64M | $434.42M | $319.63M | $194.35M | $0 | $0 | $0 | $22.78M | $22.03M | $9.46M |
| Inventory | $0 | $0 | $0 | $88.88M | $39.2M | $0 | $43.79M | $27.45M | $21.27M | $80.66M | $91.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$8.24M | -$24.57M | -$27.29M | -$92.61M | -$29.33M | -$55.5M | -$43.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $22.15M | $0 | $0 | $74.63M | $33.35M | $0 | $31.05M | $27.73M | $72.29M | $68.44M | $79.19M | $103.31M | $131.13M | $117M | $140.87M | $221.07M | $184.13M | $458.46M | $735.53M | $658.14M | $616.77M | $686.67M | $543.06M | $475.2M | $254.78M | $0 | $0 | $0 | $22.78M | $22.03M | $9.46M |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $13.37M | $3.96M | $2.74M | $1.68M | $110.83M | $97.97M | $102.39M | $103.14M | $108.23M | $116.96M | $5.58M | $6.17M | $1.66M | $2.71M | $13.04M | $12.47M | $30.31M | $113.38M | $133.43M | $108.15M | $71.61M | $58.51M | $51.65M | $27.94M | $24.27M | $18.82M | $18.4M | $13.54M | $4.47M | $4.16M | $1.61M |
| Goodwill | $69.13M | $56.52M | $50.36M | $45.5M | $110.25M | $121.13M | $82.1M | $73.93M | $80.11M | $71.06M | $10.08M | $10.59M | $10.59M | $8.42M | $510K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48.07M | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $52.27M | $40.05M | $35.67M | $33.1M | $108.23M | $84.13M | $86.42M | $83.82M | $87.61M | $89.02M | $14.74M | $47.3M | $48.92M | $50.58M | $39.12M | $43.96M | $37.57M | $45.78M | $116.77M | $90.85M | $71.13M | $67.31M | $66.2M | $66.24M | $0 | $52.52M | $55.47M | $42.84M | $4.26M | $73K | $147K |
| Long-Term Investments | $41.47M | $41.34M | $41.88M | $56.73M | $57.52M | $58.61M | $59.73M | $37.56M | $103.08M | $122.19M | $105.43M | $85.62M | $66.19M | $127.73M | $116.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $3.23M | $0 | $0 | $4.18M | $28.55M | $0 | $29.02M | $28.54M | $30.33M | $48.72M | $2.92M | $5.39M | $4.17M | $3.05M | $2.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$41.47M | -$141.87M | -$130.64M | -$60.91M | $28.97M | -$361.85M | -$29.02M | -$17.8M | -$103.08M | -$122.19M | -$105.43M | -$85.62M | -$66.19M | -$127.73M | -$116.94M | -$56.43M | -$67.88M | -$159.15M | -$250.21M | -$199M | -$142.74M | $0 | $0 | $0 | $0 | -$71.34M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $137.99M | $0 | $0 | $80.28M | $386.83M | $0 | $330.64M | $309.18M | $306.29M | $325.76M | $33.31M | $69.44M | $65.34M | $64.77M | $55.32M | $56.43M | $67.88M | $159.15M | $250.21M | $199M | $142.74M | $125.82M | $117.85M | $94.18M | $72.34M | $71.34M | $73.86M | $56.38M | $8.74M | $4.23M | $1.76M |
| Other Assets | $71.36M | $186.62M | $197.72M | $130.74M | $55.45M | $452.47M | $37.93M | $20.43M | $106.02M | $106.82M | $128.52M | $128.97M | $128.17M | $191.04M | $177.88M | $242.09M | $1.71B | $2.73B | $3.67B | $3.19B | $3.04B | $2.71B | $2.14B | $1.33B | $790.19M | $0 | $0 | $0 | $325.71M | $154.82M | $53.16M |
| Total Assets | $231.5M | $186.62M | $197.72M | $285.65M | $475.63M | $452.47M | $399.62M | $357.34M | $484.6M | $501.02M | $241.02M | $301.72M | $324.64M | $372.8M | $374.08M | $519.58M | $1.96B | $3.34B | $4.66B | $4.05B | $3.8B | $3.52B | $2.8B | $1.9B | $1.12B | $782.77M | $738.43M | $659.4M | $357.23M | $181.08M | $64.38M |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.86M | $100K | $145K | $525K | $1.03M | $4.96M | $1.91M | $1M | $0 | $0 | $0 | $124.76M | $122.85M | $110.34M | $99.32M | $0 | $48.08M | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $1.55M | $0 | $0 | $438K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $172.44M | $118.37M | $77.99M | $59.9M | $0 | $0 | $0 | $95.44M | $105.63M | $65.69M | $0 | $0 | $0 |
| Current Income Tax Payable | $28K | $0 | $0 | $945K | $294K | $2.86M | $2.76M | $2.43M | $2.64M | $2.05M | $61K | $223K | $2.98M | $2.88M | $8.13M | $0 | $0 | $0 | $0 | $0 | $6.82M | $0 | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $4.18M | $28.55M | $0 | $29.02M | $47.13M | $41.11M | $35.82M | $34.32M | $0 | $0 | $0 | $11.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$1.55M | $0 | $0 | -$31.2M | -$26.27M | -$46.81M | -$17.44M | -$16.95M | -$10.36M | -$5.35M | -$12.54M | -$10.64M | -$23.92M | -$42.58M | -$6.5M | -$1M | $0 | $0 | -$172.44M | -$243.13M | -$207.66M | -$170.25M | -$101.32M | $0 | -$48.08M | -$95.44M | -$105.63M | -$65.69M | $0 | $0 | $0 |
| Total Current Liabilities | $28K | $0 | $0 | $2.16M | $28.85M | $0 | $31.77M | $2.4M | $2.64M | $2.05M | $61K | $223K | $2.98M | $2.88M | $21.68M | $0 | $0 | $0 | $238.66M | $243.13M | $207.66M | $110.33M | $99.32M | $0 | $48.08M | $95.44M | $105.63M | $65.69M | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $70.71M | $57.54M | $44.42M | $102.09M | $94.1M | $268.29M | $194.63M | $253.26M | $260.67M | $233.69M | $39.9M | $54.28M | $57.68M | $61.16M | $47.19M | $0 | $330.4M | $338.81M | $373.66M | $282.43M | $282.57M | $280.39M | $150.59M | $172.79M | $90.78M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $87.15M | $83.11M | $84M | $82.71M | $89.22M | $87.94M | $56.25M | $46.02M | $39.74M | $35.82M | $34.32M | $49.45M | $48.79M | $48.99M | $11.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $13.75M | $4.37M | $5.04M | $4.18M | $28.55M | $27.55M | $29.02M | $28.53M | $30.33M | $48.72M | $2.92M | $5.39M | $4.17M | $3.05M | $2.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $28.69M | -$147.7M | -$134.65M | $72.39M | $246.24M | -$387M | $92.66M | $94.93M | $171.98M | $117.47M | $113.72M | $144.19M | $177.08M | -$113.2M | -$47.19M | $0 | -$330.4M | -$338.81M | -$373.66M | -$282.43M | -$282.57M | -$280.39M | -$150.59M | -$172.79M | -$90.78M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $206.06M | $0 | $0 | $261.8M | $460.88M | $0 | $347.32M | $348.18M | $432.65M | $435.71M | $190.86M | $253.3M | $284.74M | $304.51M | $236M | $424.77M | $1.79B | $2.89B | $307.43M | $282.43M | $282.57M | $340.25M | $268.26M | $1.51B | $90.78M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $168.31M | $173.11M | -$437K | -$28.85M | $433.81M | $0 | -$18.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.17B | $2.62B | $2.5B | $2.4B | $1.89B | $0 | $641.24M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $197.09M | $168.31M | $173.11M | $263.53M | $460.88M | $433.81M | $378.85M | $332.55M | $435.29M | $437.76M | $190.93M | $253.53M | $287.72M | $307.39M | $257.68M | $424.77M | $1.79B | $2.89B | $3.72B | $3.15B | $2.99B | $2.85B | $2.26B | $1.51B | $780.1M | $95.44M | $105.63M | $65.69M | $0 | $0 | $0 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Preferred Stock | $16.25M | $8.25M | $0 | $6.01M | $6.5M | $6.5M | $6.82M | $5.49M | $5.46M | $6.43M | $6.39M | $6.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $296K | $0 | $0 | $0 | $0 | $0 | $0 | $470K | $0 | $0 | $0 | $0 | $0 | $296.62M | $296.49M | $0 | $0 | $0 | $326.15M | $328.47M | $331.47M | $392.54M | $361.41M | $226.89M | $223.77M | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$373.37M | -$361.45M | -$346.87M | -$370.43M | -$395.15M | -$394.81M | -$388.08M | -$381.2M | -$313.49M | -$297.67M | -$309M | -$312.05M | -$298.93M | -$262.07M | -$201.21M | -$231.81M | -$193.57M | $98.56M | $521.16M | $560.13M | $460.05M | $383.43M | $254.42M | $155.4M | $103.71M | $80.14M | $63.87M | $51.5M | $33.61M | $18.97M | $10.85M |
| Comprehensive Income & Other | -$60K | -$718K | -$1.54M | $26.61M | $30.78M | $38.06M | $35.35M | $40.51M | -$3.85M | -$208K | $9.3M | $8.67M | $9.6M | $14.76M | $12.75M | $15.04M | $47.07M | $22.87M | $85.87M | $7.01M | $9.96M | -$111.44M | -$72.73M | $7.04M | $9.74M | $2.7M | $620K | $4.17M | $0 | $0 | $0 |
| Other Stockholders' Equity | $404.49M | $378.12M | $374.58M | $392.11M | $395.92M | $399.31M | $395.77M | $399.89M | $357.63M | $360.1M | $357.34M | $355.84M | $334.4M | $30.52M | $28.15M | $326.62M | $362.91M | $355.01M | $93.48M | $12.36M | $13.2M | -$109.54M | -$72.21M | $7.04M | $9.74M | $101.71M | $102.87M | $111.33M | $115.37M | $44.21M | $16.06M |
| Total Equity | $31.42M | $16.66M | $27.71M | $21.68M | $773K | $4.51M | $7.69M | $19.16M | $44.14M | $62.43M | $48.34M | $43.79M | $35.47M | $65.07M | $123.43M | $94.81M | $169.34M | $453.57M | $940.8M | $900.96M | $804.72M | $666.42M | $543.63M | $389.33M | $337.22M | $181.84M | $166.74M | $162.83M | $148.98M | $63.18M | $26.91M |
| Minority Interest | $2.99M | $1.64M | -$3.1M | $437K | $13.98M | $14.16M | $13.08M | $5.63M | $5.17M | $829K | $1.75M | $4.4M | $1.45M | $343K | -$7.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $228.51M | $184.98M | $200.81M | $285.21M | $461.65M | $438.32M | $386.54M | $351.7M | $479.43M | $500.19M | $239.27M | $297.32M | $323.19M | $372.46M | $381.11M | $519.58M | $1.96B | $3.34B | $4.66B | $4.05B | $3.8B | $3.52B | $2.8B | $1.9B | $1.12B | $277.28M | $272.37M | $228.52M | $148.98M | $63.18M | $26.91M |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $78.02M | $60.22M | $45.61M | $103.31M | $96.58M | $271.5M | $262.06M | $236.49M | $243.49M | $233.69M | $39.9M | $54.28M | $57.68M | $61.16M | $47.19M | $124.92M | $330.4M | $338.81M | $546.09M | $400.8M | $360.56M | $340.25M | $268.26M | $172.79M | $90.78M | $95.44M | $105.63M | $65.69M | $0 | $0 | $0 |
| Net Debt | $61.74M | $54.73M | $36.52M | $39.14M | $86.5M | $257.13M | $248.58M | $204.57M | $199.21M | $197.22M | -$11.8M | -$19.75M | -$40.91M | -$19.65M | -$38.3M | -$15.65M | $271.68M | $233.15M | $384.46M | $271.1M | $249.52M | $253.16M | $159.62M | $17.22M | $30.35M | $95.44M | $105.63M | $65.69M | $0 | $0 | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | -$10.25M | -$9.09M | $24.01M | $27.87M | -$4.92M | -$6.73M | -$4.31M | -$29.4M | -$11.13M | $522K | $1.27M | -$11.22M | -$36.08M | -$53.28M | -$26.08M | -$61.13M | -$106.34M | -$405.87M | -$18.53M | $123.31M | $135.01M | $108.98M | $65.77M | $50.52M | $28.22M | $18.32M | $9.37M | $20.18M | $15.51M | $8.17M | $2.79M |
| Depreciation & Amortization | $9.22M | $7M | $6.22M | $6.45M | $5.07M | $6.73M | $6.92M | $6.71M | $5.39M | $2.78M | $1.84M | $1.79M | $3.84M | $2.96M | $2.27M | $6.62M | $10.65M | $67.76M | $15.54M | $4.96M | $18.5M | $574K | $659K | $455K | $4.19M | $4.9M | $5.65M | $2.86M | -$280K | -$438K | -$1.39M |
| Deferred Income Tax | -$4.07M | $0 | -$1.92M | $1.41M | $0 | -$1M | -$785K | -$226K | -$18.39M | -$9.81M | $87K | $1.39M | $435K | $1.08M | $3.42M | -$6.12M | -$30.41M | $94.75M | -$36.27M | -$17.36M | -$6.92M | $8.74M | -$19.68M | -$7.09M | -$548K | -$184K | -$1.03M | $5.34M | -$10.9M | -$730K | -$220K |
| Stock-Based Compensation | $1.72M | $0 | $1.64M | $4.05M | $0 | $1.35M | $1.23M | -$1.66M | $1.19M | $1.01M | $802K | $1.24M | $325K | $354K | -$37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | $779K | $1.11M | $3.67M | -$136K | -$716K | $1.37M | -$3.93M | $997K | $2.17M | -$4.25M | $4.08M | $8.88M | -$2.05M | -$16.95M | $13.7M | $0 | $0 | $0 | -$177.02M | $29.3M | $34.71M | -$204.85M | -$97.13M | $1.19M | $3.39M | $22.29M | $21.57M | $1.37M | -$13.35M | -$8.32M | -$1.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.87M | -$8.2M | -$27.46M | -$13.66M | -$4.5M | -$36M | $0 | $0 | $0 | -$17.31M | $53.47M | $21.46M | -$0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$45K | -$380K | -$508K | -$3.92M | $3.04M | $912K | $0 | $0 | $0 | $329.23M | $129.07M | $60.81M | $529.89M | $684.27M | $429.25M | $165.86M | $30.43M | -$4.2M | $15.23M | $54.44M | $38.23M | $8.95M |
| Other Working Capital | $2.13M | -$2.4M | -$28.01M | $5.01M | $1.81M | $5.16M | $6.18M | $1.16M | $1.05M | $828K | -$20.74M | $4.42M | $3.81M | $5.55M | -$10.09M | -$3.63M | -$539.06M | -$327.13M | $31.51M | -$126.53M | $48.41M | -$425.11M | -$614.36M | -$287.53M | -$106.41M | $52.72M | $16.67M | $20.25M | $42.77M | $51.87M | $9.68M |
| Total Working Capital Change | $2.9M | -$1.3M | -$24.34M | $4.88M | $1.09M | $6.53M | $2.25M | $2.16M | $3.21M | -$593K | -$25.24M | -$14.68M | -$15.83M | -$12.86M | -$31.47M | -$3.63M | -$539.06M | -$327.13M | $166.4M | $85.31M | $165.4M | -$100.08M | -$27.22M | $142.91M | $62.84M | $105.44M | $34.04M | $36.85M | $83.86M | $81.79M | $17.52M |
| Other Non-Cash Items | $472K | $4.46M | -$31.79M | -$59.23M | -$7.15M | -$5.21M | -$6.05M | $12.28M | $755K | -$9.51M | -$11.56M | $6.86M | $5.5M | $15.05M | -$24.22M | -$9.24M | -$10.25M | $98.26M | -$218.51M | -$26.32M | -$49.06M | $85.96M | -$8.12M | -$147.29M | -$67.2M | -$66.79M | -$24.8M | -$24.15M | -$56.39M | -$55.89M | -$10.63M |
| Net Cash from Operating | -$3K | $1.07M | -$26.19M | -$14.57M | -$5.91M | $1.67M | -$759K | -$10.14M | -$18.98M | -$15.59M | -$32.8M | -$14.62M | -$41.81M | -$46.7M | -$76.11M | -$69.94M | -$666.32M | -$462.47M | -$99.32M | $167.23M | $273.75M | $125.77M | $22.84M | $41.88M | $24.46M | $61.68M | $23.22M | $41.08M | $31.8M | $32.9M | $8.07M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$1.62M | -$709K | -$205K | $26.46M | -$830K | -$213K | -$212K | $0 | $4.55M | -$645K | -$203K | $4.66M | -$1.13M | -$170K | -$1.34M | -$1.51M | -$2M | -$3.89M | $0 | -$43.36M | -$19.34M | $0 | $0 | -$0 | $0 | -$5.56M | -$22.81M | -$92.13M | -$2.52M | -$6.35M | -$587K |
| Acquisitions | -$29.03M | -$18.92M | $1.19M | $23.93M | -$12.64M | $2.23M | -$3.45M | $5.04M | -$8.33M | -$3.61M | -$10.31M | -$5.01M | $9.84M | $16.48M | -$100K | $293.82M | $43.86M | $43.85M | -$44.72M | -$22.41M | -$11.89M | $0 | $0 | -$23.44M | -$1.47M | $0 | $0 | $0 | $0 | -$0 | -$0 |
| Purchases of Investments | -$9.52M | -$7.76M | -$6.47M | -$14.21M | -$21.87M | -$12.56M | -$18.07M | -$7.58M | -$13.62M | -$39.37M | -$36.52M | -$55.07M | -$19.42M | -$51.68M | -$131.18M | -$162.93M | -$1.87B | -$2.98B | -$4.15B | -$3.28B | -$2.59B | -$2.64B | -$5.1B | -$2.79B | -$1.44B | -$833.29M | -$818.63M | -$767.48M | -$631.58M | -$176.12M | -$105.66M |
| Sales of Investments | $10.6M | $10.54M | $26.43M | $9.77M | $26.37M | $14.55M | $15.27M | $13.75M | $40.95M | $33.61M | $28.3M | $38.7M | $70.74M | $81.33M | $161.59M | $220.3M | $2.46B | $3.56B | $4.07B | $3.3B | $2.36B | $2.13B | $4.4B | $2.45B | $1.23B | $814.77M | $799.13M | $758.36M | $530.39M | $123.81M | $86.45M |
| Other Investing Activities | -$46K | $1.41M | -$14.49M | $55M | $365K | $0 | $0 | $8.84M | $1.02M | $1.25M | $44.92M | -$16.71M | $62.2M | $46.13M | $31.82M | $0 | $0 | $0 | -$21M | -$115.77M | $0 | -$13.86M | -$28.32M | -$2.88M | -$8.06M | -$16.13M | $1.52M | $5.14M | $0 | $584K | $73K |
| Net Cash from Investing | -$29.61M | -$16.85M | $6.46M | $100.94M | -$8.6M | $4.01M | -$6.47M | $20.05M | $24.56M | -$8.77M | $26.19M | -$16.72M | $60.03M | $45.97M | $28.97M | $349.69M | $636.27M | $619.73M | -$141.45M | -$163.17M | -$260.69M | -$519.94M | -$733.67M | -$369.18M | -$214.63M | -$40.21M | -$40.79M | -$96.1M | -$103.7M | -$58.07M | -$19.72M |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | -$11.06M | -$13.02M | $43.91M | -$1.04M | $8.15M | -$13.93M | -$1.4M | $4.39M | -$1.88M | $1.22M | - | $14.36M | $12.54M | $4.07M | $10.71M | $124.19M | $8.44M | $34.88M | -$17.27M | -$40.84M | -$17.38M | -$61.96M | -$85.21M | -$81.68M | $4.42M | - | - | - | - | - | $1.83M |
| Common Stock Issuance | $23.6M | $8.25M | $0 | $0 | $1.75M | $0 | $0 | $0 | -$47K | $10.48M | $0 | $6.33M | $12.1M | $132K | $350K | $848K | $0 | $89K | $1.08M | $3M | $2.93M | $2.43M | $83.11M | $610K | $130.5M | $13K | $0 | $0 | $74.14M | $28.31M | $11.95M |
| Common Stock Repurchases | -$345K | -$2.5M | -$3.2M | -$396K | $0 | -$83K | $0 | -$376K | $0 | -$125K | -$12.92M | $0 | $0 | $0 | $0 | $0 | -$27.05M | -$5.17M | -$8.13M | -$16.25M | $0 | $0 | $0 | $0 | $0 | $0 | -$11.02M | -$391K | -$1.12M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$329K | $0 | $0 | $0 | $0 | $0 | -$1.85M | -$15.46M | -$15.71M | -$12.99M | -$9.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$542K | -$7.31M | $7.15M | -$38.58M | $5.86M | -$243K | -$89K | $302K | $345K | $0 | -$12.59M | $14.8M | $0 | $0 | $0 | -$65.41M | $0 | $0 | $0 | $40.84M | $0 | $63.04M | -$1.09M | $0 | $0 | $0 | -$0 | -$65K | $0 | -$1 | -$0 |
| Net Cash from Financing | $32.75M | $11.44M | -$39.96M | -$37.93M | -$540K | $13.6M | $1.31M | -$4.09M | $2.23M | $9.13M | -$12.92M | $6.78M | -$437K | -$3.94M | -$7.94M | -$188.75M | -$37.31M | -$213.24M | $106.29M | $14.62M | $10.88M | $69.62M | $176.93M | $82.29M | $126.08M | -$9.62M | $20.95M | $55.93M | $73.02M | $27.21M | $10.12M |
| Forex Effect | $0 | -$27K | -$42K | -$1.1M | -$2.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62.16M | $0 | $166.4M | $0 | $0 | $294.45M | $453.67M | $339.48M | $105.78M | -$1K | -$0 | -$0 | $0 | $0 | -$73K |
| Net Change in Cash | $3.13M | -$4.36M | -$59.73M | $47.33M | -$17.6M | $19.28M | -$5.92M | $5.82M | $7.81M | -$15.23M | -$19.53M | -$24.56M | $17.78M | -$4.67M | -$55.08M | $90.99M | -$5.2M | -$55.98M | $31.93M | $18.67M | $23.93M | -$30.1M | -$80.23M | $94.47M | $41.68M | $11.85M | $3.38M | $911K | $1.12M | $2.04M | -$1.61M |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | -$3K | $1.07M | -$26.19M | -$14.57M | -$5.91M | $1.67M | -$759K | -$10.14M | -$18.98M | -$15.59M | -$32.8M | -$14.62M | -$41.81M | -$46.7M | -$76.11M | -$69.94M | -$666.32M | -$462.47M | -$99.32M | $167.23M | $273.75M | $125.77M | $22.84M | $41.88M | $24.46M | $61.68M | $23.22M | $41.08M | $31.8M | $32.9M | $8.07M |
| Capital Expenditure | -$1.62M | -$709K | -$205K | $26.46M | -$830K | -$213K | -$212K | $0 | $4.55M | -$645K | -$203K | $4.66M | -$1.13M | -$170K | -$1.34M | -$1.51M | -$2M | -$3.89M | $0 | -$43.36M | -$19.34M | $0 | $0 | -$0 | $0 | -$5.56M | -$22.81M | -$92.13M | -$2.52M | -$6.35M | -$587K |
| Free Cash Flow | -$1.62M | $358K | -$26.39M | $11.89M | -$6.74M | $1.46M | -$971K | -$10.14M | -$14.43M | -$16.23M | -$33.01M | -$9.97M | -$42.94M | -$46.87M | -$77.46M | -$71.45M | -$668.32M | -$466.36M | -$99.32M | $123.87M | $254.41M | $125.77M | $22.84M | $41.88M | $24.46M | $56.13M | $413K | -$51.04M | $29.28M | $26.56M | $7.48M |
| Cash at Beginning | $13.14M | $17.5M | $77.23M | $29.9M | $44.95M | $25.66M | $31.58M | $43.87M | $36.48M | $51.7M | $71.23M | $98.59M | $80.81M | $85.49M | $140.57M | $49.58M | $63.93M | $161.63M | $129.71M | $111.03M | $87.1M | $117.19M | $188.87M | $61.11M | $18.74M | $8.04M | $4.96M | $3.78M | $2.93M | $1.02M | $2.64M |
| Cash at End | $16.27M | $13.14M | $17.5M | $77.23M | $27.34M | $44.95M | $25.66M | $49.69M | $44.29M | $36.48M | $51.7M | $74.03M | $98.59M | $80.81M | $85.49M | $140.57M | $58.73M | $105.66M | $161.63M | $129.71M | $111.03M | $87.09M | $108.64M | $155.57M | $60.43M | $19.9M | $8.34M | $4.69M | $4.05M | $3.06M | $1.03M |