1.Sales and profit
See section β- Kestrel Group Ltd had $34.0M of revenue in fiscal 2025, up 785.1% on the year before.
- Kestrel Group Ltd made $46.7M of net profit in fiscal 2025.
Kestrel Group Ltd
KG Nasdaq Fire, Marine & Casualty Insurance Financials FY2024βFY2025
Kestrel Group Ltd had $34.0M of revenue in fiscal 2025, up 785.1% on the year before.
Last close Β· Oct 23, 2026
$4.86
1.8%KIRAβs summary AI analyst
Hi! I read Kestrel Group Ltdβs latest annual report (fiscal 2025). Here is what stands out:
2 strengths 1 to watch
2.Cash and shareholders
See section β- Kestrel Group Ltd returned $40.0M to shareholders in fiscal 2025. The diluted share count rose 108.4%.
- In the last 12 months, insiders bought $0.0M of shares on the open market and sold none.
3.Financial health
See section β- Kestrel Group Ltd owes $154M more than it holds in cash.
- Kestrel Group Ltd passes 2 of 7 financial health tests (Piotroski F-score).
Kestrel Group Ltd in 30 seconds
Good So-so Weak
Good
Are sales growing?
+785.1%
Yes. Sales grew 785.1% last year.
Good
Does it make a profit?
137.2%
Yes. It keeps 137.2% of every sale as profit.
Weak
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
For information
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$38.0M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
On β$8.82 EPS (TTM)
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA Β· Kestrel Group Ltd had $34.0M of revenue in fiscal 2025, up 785.1% on the year before.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY24
Revenue $3.8M
FY25
Revenue $34.0M
Revenue
Q2 '24
Revenue $0.6M
Q3 '24
Revenue $0.8M
Q4 '24
Revenue $1.2M
Q1 '25
Revenue $0.8M
Q2 '25
Revenue $5.6M
Q3 '25
Revenue $17.4M
Q4 '25
Revenue $10.2M
Q1 '26
Revenue $10.2M
Q2 '26
Revenue $6.7M
Margins, % of revenue
FY24
Gross β
Operating β
Net β33.6%
FCF β
FY25
Gross β
Operating β
Net 137.2%
FCF β
Gross
Operating
Net
FCF
Margins, % of revenue
Q2 '24
Gross β
Operating β
Net β86.7%
FCF β
Q3 '24
Gross β
Operating β
Net β57.0%
FCF β
Q4 '24
Gross β
Operating β
Net 5.1%
FCF β
Q1 '25
Gross β
Operating β
Net β46.8%
FCF β
Q2 '25
Gross β
Operating β
Net 1,256.3%
FCF β
Q3 '25
Gross β
Operating β
Net β29.0%
FCF β
Q4 '25
Gross β
Operating β
Net β173.9%
FCF β
Q1 '26
Gross β
Operating β
Net β72.9%
FCF β
Q2 '26
Gross β
Operating β
Net β120.9%
FCF β
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Kestrel Group Ltd made $46.7M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY24
Net income β$1.3M
FY25
Net income $46.7M
Net income
Q2 '24
Net income β$0.5M
Q3 '24
Net income β$0.4M
Q4 '24
Net income $0.1M
Q1 '25
Net income β$0.4M
Q2 '25
Net income $69.9M
Q3 '25
Net income β$5.1M
Q4 '25
Net income β$17.8M
Q1 '26
Net income β$7.4M
Q2 '26
Net income β$8.1M
Diluted EPS
FY24
Diluted EPS β$0.47
FY25
Diluted EPS $8.08
Diluted EPS
Q2 '24
Diluted EPS β$0.20
Q3 '24
Diluted EPS β$0.16
Q4 '24
Diluted EPS β
Q1 '25
Diluted EPS β$0.14
Q2 '25
Diluted EPS $15.05
Q3 '25
Diluted EPS β$0.65
Q4 '25
Diluted EPS β$6.18
Q1 '26
Diluted EPS β$0.96
Q2 '26
Diluted EPS β$1.03
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
FY24
Free cash flow β
FY25
Free cash flow β
Cash from operations vs capital spending
FY24
Cash from operations β$1.3M
Capital spending β
FY25
Cash from operations β$96.1M
Capital spending β
Cash from operations
Capital spending
Cash from operations vs capital spending
Q2 '24
Cash from operations β
Capital spending β
Q3 '24
Cash from operations β$0.5M
Capital spending β
Q4 '24
Cash from operations β$0.2M
Capital spending β
Q1 '25
Cash from operations β$0.9M
Capital spending β
Q2 '25
Cash from operations β$19.9M
Capital spending β
Q3 '25
Cash from operations β$9.7M
Capital spending β
Q4 '25
Cash from operations β$65.7M
Capital spending β
Q1 '26
Cash from operations β$15.1M
Capital spending β
Q2 '26
Cash from operations β$25.8M
Capital spending β
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· Kestrel Group Ltd returned $40.0M to shareholders in fiscal 2025. The diluted share count rose 108.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY24
Dividends $0.0M
Buybacks β
FY25
Dividends $40.0M
Buybacks β
Dividends
Buybacks
Dividends and buybacks
Q2 '24
Dividends β
Buybacks β
Q3 '24
Dividends $0.0M
Buybacks β
Q4 '24
Dividends $0.0M
Buybacks β
Q1 '25
Dividends β
Buybacks $0.0M
Q2 '25
Dividends β
Buybacks $0.0M
Q3 '25
Dividends $0.0M
Buybacks β
Q4 '25
Dividends $0.0M
Buybacks β
Q1 '26
Dividends β
Buybacks $0.5M
Q2 '26
Dividends β
Buybacks $0.0M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.01B
Insider trades
KIRA Β· In the last 12 months, insiders bought $0.0M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
1 insider
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 24, 2026 | Steven Harold NigroDirector | Bought | 2,500 | $5.34 | $0.0M | Form 4 |
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· Kestrel Group Ltd owes $154M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Kestrel Group Ltd can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
FY24
Cash $4.3M
Debt $0.0M
FY25
Cash $20.0M
Debt $174M
Cash
Debt
| Fiscal year end | FY24 | FY25 |
|---|---|---|
| Cash and short-term investments | $4.3M | $20.0M |
| Debt incl. finance leases | $0.0M | $174M |
| Debt / equity | 0.0x | 1.4x |
| Total assets | $5.5M | $1.0B |
| Total liabilities | $0.9M | $882M |
| Shareholders' equity | $4.6M | $128M |
| Net debt (β = net cash) | β$4.3M | $154M |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
FY24
Return on capital β
Return on equity β28.0%
Return on assets β23.4%
FY25
Return on capital β
Return on equity 70.3%
Return on assets 9.2%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· Kestrel Group Ltd passes 2 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | β | β |
| Cash from operations is positive | β | β |
| Return on assets rose | β | β |
| Cash from operations exceeds net income | β | β |
| Debt fell relative to assets | β | β |
| Current ratio rose | β | β |
| Share count didn't rise | β | β |
| Gross margin rose | β | β |
| Revenue rose relative to assets | β | β |
| F-score | β / 3 | 2 / 7 |
| Accruals ratio | β0.4% | 28.1% |
| Altman Z'' | β | β |
All figures
Every number, year by year.
2 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $3.8M | $34.0M |
| Pretax income | β$1.3M | $49.6M |
| Income tax | $0.0M | $0.1M |
| Net income | β$1.3M | $46.7M |
| Net income to common | β$1.3M | $46.3M |
| Diluted EPS | β$0.47 | $8.08 |
| Diluted shares | 0.00B | 0.01B |
| Cash flow | ||
| Cash from operations | β$1.3M | β$96.1M |
| Depreciation and amortization | $0.0M | $0.1M |
| Stock-based compensation | $0.1M | $0.9M |
| Dividends paid | $0.0M | $40.0M |
| Dividends and buybacks | $0.0M | $40.0M |
| Balance sheet | ||
| Cash and short-term investments | $4.3M | $20.0M |
| Total debt | $0.0M | $174M |
| Property and equipment, net | $0.0M | $0.7M |
| Total assets | $5.5M | $1.0B |
| Total liabilities | $0.9M | $882M |
| Shareholders' equity | $4.6M | $128M |
| Margins | ||
| Net margin | β33.6% | 137.2% |
| Returns | ||
| Return on equity | β28.0% | 70.3% |
| Return on assets | β23.4% | 9.2% |
| Return on tangible equity | β28.0% | 36.1% |
| Growth | ||
| Revenue growth | β | 785.1% |
| Share count change | β | 108.4% |
| Financial health | ||
| Debt / equity | 0.0x | 1.4x |
| Capital allocation | ||
| Stock comp / revenue | 1.6% | 2.6% |
| Quality scores | ||
| Piotroski F-score | β | 2.0 |
| Accruals ratio | β0.4% | 28.1% |
Source: SEC EDGAR XBRL filings (CIK 0002055116). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.