KINS

MKT CAP:$257M

Kingstone Companies, Inc.

Market Cap

$257M

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NASDAQ

Financials·Insurance·🇺🇸·NASDAQ

Stock Price

$17.14+$0.88 (+5.38%)

Apr 21, 2026

Company Details

Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners an...

CEO

Meryl S. Golden

IPO Date

Oct 26, 1999

Website

www.kingstonecompanies.com

Key Metrics TTM

Revenue

$201M

+34.0% YoY

Net Income

$31M

EPS (Diluted)

$2.19

Free Cash Flow

$73M

Revenue / Share

$13.74

Gross Margin

38.7%

Operating Margin

19.6%

Net Margin

15.7%

FCF Margin

36.6%

P/S

1.3x

P/E

8.2x

Earnings Reports

Q4 2025

May 14, 2026

PENDING

Q3 2025

Nov 12, 2025

$56M+36.5%EPS $0.74

Q2 2025

Aug 14, 2025

$52M+43.3%EPS $0.78

Q1 2025

May 15, 2025

$50M+41.2%EPS $0.27

FY 2024

Mar 18, 2025

$155M+7.6%EPS $1.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$43M	$12M	$3M
Q1 22	$29M	-$3M	-$12M
Q2 22	$29M	$2M	-$7M
Q3 22	$36M	$5M	-$5M
Q4 22	$37M	$3M	-$5M
Q1 23	$37M	$3M	-$6M
Q2 23	$37M	$9M	-$563.4K
Q3 23	$34M	$4M	-$4M
Q4 23	$37M	$12M	$4M
Q1 24	$36M	$10M	$2M
Q2 24	$37M	$22M	$6M
Q3 24	$41M	$19M	$9M
Q4 24	$42M	$16M	$7M
Q1 25	$50M	$14M	$5M
Q2 25	$52M	$24M	$14M
Q3 25	$56M	$24M	$14M

Valuation

Quarter	P/S	P/E
Q4 21	1.6x	—
Q1 22	1.7x	—
Q2 22	1.8x	—
Q3 22	1.9x	—
Q4 22	2.0x	—
Q1 23	1.9x	—
Q2 23	1.8x	—
Q3 23	1.8x	—
Q4 23	1.8x	—
Q1 24	1.8x	819.5x
Q2 24	1.8x	47.9x
Q3 24	1.7x	16.2x
Q4 24	1.7x	14.0x
Q1 25	1.5x	12.3x
Q2 25	1.4x	9.3x
Q3 25	1.3x	8.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$5M	-$6M
Q1 22	-$17M	-$19M
Q2 22	$4M	$3M
Q3 22	$6M	$5M
Q4 22	$7M	$6M
Q1 23	-$3M	-$4M
Q2 23	-$14M	-$14M
Q3 23	$1M	$773.9K
Q4 23	$4M	$4M
Q1 24	$6M	$6M
Q2 24	$7M	$7M
Q3 24	$22M	$21M
Q4 24	$23M	$22M
Q1 25	$18M	$17M
Q2 25	$9M	$9M
Q3 25	$26M	$25M

Capital Expenditures

Quarter	CapEx
Q4 21	$2M
Q1 22	$2M
Q2 22	$975.7K
Q3 22	$801.4K
Q4 22	$1M
Q1 23	$466.1K
Q2 23	$432.5K
Q3 23	$481.7K
Q4 23	$446.9K
Q1 24	$541.0K
Q2 24	$497.5K
Q3 24	$700.5K
Q4 24	$598.2K
Q1 25	$863.5K
Q2 25	$577.0K
Q3 25	$652.5K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+21.2%	+20.1%
Q1 22	-27.7%	+0.8%
Q2 22	-26.8%	-5.8%
Q3 22	-8.8%	-23.8%
Q4 22	-14.1%	+4.7%
Q1 23	+28.3%	+6.7%
Q2 23	+26.7%	+4.3%
Q3 23	-3.7%	-3.7%
Q4 23	-1.3%	-22.2%
Q1 24	-2.4%	-20.9%
Q2 24	-0.6%	-17.4%
Q3 24	+19.1%	-18.0%
Q4 24	+15.0%	+8.3%
Q1 25	+41.2%	+34.8%
Q2 25	+43.3%	+23.9%
Q3 25	+36.5%	+32.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$457.2K	1.1%
Q1 22	$530.4K	1.9%
Q2 22	$486.0K	1.7%
Q3 22	$188.4K	0.5%
Q4 22	$187.7K	0.5%
Q1 23	$216.8K	0.6%
Q2 23	$212.3K	0.6%
Q3 23	$207.0K	0.6%
Q4 23	$196.4K	0.5%
Q1 24	$265.8K	0.7%
Q2 24	$281.4K	0.8%
Q3 24	$359.0K	0.9%
Q4 24	$476.5K	1.1%
Q1 25	$339.0K	0.7%
Q2 25	$471.9K	0.9%
Q3 25	$430.2K	0.8%

OpEx Breakdown

Quarter	G&A
Q4 21	$1M
Q1 22	$882.0K
Q2 22	$665.8K

Revenue Segments

Quarter	Reportable Segment
Q3 25	$53M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$6M	$152M	$158M
Q2 22	$13M	$141M	$155M
Q3 22	$15M	$145M	$160M
Q4 22	$12M	$155M	$167M
Q1 23	$11M	$155M	$165M
Q2 23	$12M	$53M	$66M
Q3 23	$15M	$54M	$69M
Q4 23	$9M	$149M	$158M
Q1 24	$3M	$96M	$99M
Q2 24	$12M	$98M	$110M
Q3 24	$34M	$64M	$98M
Q4 24	$29M	$0	$29M
Q1 25	$37M	$87M	$125M
Q2 25	$34M	$100M	$133M
Q3 25	$27M	$0	$27M
Q4 25	$12.2B	$289.0B	$301.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	11M	0.0%	-1.4%
Q1 22	11M	+1.0%	-0.4%
Q2 22	11M	+0.1%	-1.9%
Q3 22	11M	+0.0%	+1.2%
Q4 22	11M	-0.5%	+0.6%
Q1 23	11M	+1.6%	+1.2%
Q2 23	11M	-0.0%	+1.0%
Q3 23	11M	+0.0%	+1.0%
Q4 23	11M	+0.0%	+1.6%
Q1 24	12M	+9.6%	+9.6%
Q2 24	12M	+2.7%	+12.6%
Q3 24	13M	+3.9%	+17.0%
Q4 24	13M	+7.2%	+25.4%
Q1 25	14M	+5.8%	+21.0%
Q2 25	14M	+0.8%	+18.8%
Q3 25	15M	+1.5%	+16.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$474.4K	91
Q1 22	$313.8K	91
Q2 22	$318.5K	91
Q3 22	$390.5K	91
Q4 22	$390.4K	95
Q1 23	$385.6K	95
Q2 23	$386.5K	95
Q3 23	$360.4K	95
Q4 23	$435.8K	84
Q1 24	$425.8K	84
Q2 24	$434.5K	84
Q3 24	$485.4K	84
Q4 24	$425.3K	99
Q1 25	$510.1K	99
Q2 25	$528.2K	99
Q3 25	$562.1K	99

Revenue / Employee