KG

MKT CAP:$78M

Kestrel Group, Ltd.

Market Cap

$78M

Financial Services·Insurance - Reinsurance·🇧🇲 Bermuda·NASDAQ

Financials·Insurance·🇧🇲·NASDAQ

Stock Price

$10.45+$1.05 (+11.17%)

Apr 23, 2026

Company Details

Kestrel Group Ltd. engages in provides reinsurance products and services to regional and specialty property and casualty insurers. It operates through the following segments: Legacy Reinsurance, Insurance Programs, and Corporate. The Legacy...

CEO

Bradford Luke Ledbetter

IPO Date

May 12, 2025

Website

www.kestrelgroup.com

Key Metrics TTM

Revenue

$10M

— YoY

Net Income

-$18M

EPS (Diluted)

-$2.29

Free Cash Flow

-$68M

Revenue / Share

$1.32

Gross Margin

55.5%

Operating Margin

-161.0%

Net Margin

-173.9%

FCF Margin

-663.0%

P/S

7.7x

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Dec 30, 2025

$34MEPS $8.15

Q4 2025

Dec 30, 2025

$10MEPS -$2.29

Q1 2025

Mar 30, 2025

$14MEPS -$1.74

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 25	$14M	$22M	-$9M
Q4 25	$10M	$6M	-$16M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 25	-$21M	-$21M
Q4 25	-$68M	-$68M

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 25	$0	0.0%
Q4 25	$0	0.0%

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 25	$44M	$0	$44M
Q2 25	$19M	$185M	$204M
Q3 25	$13M	$169M	$182M
Q4 25	$17M	$0	$17M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 25	5M	—	—
Q4 25	8M	+56.2%	—

Shares Outstanding