Solowin Holdings, Ltd. AXG
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.11
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $593.0K | $655.0K | $871.0K | $389.0K | $3.3M | — |
| SG&A | $1.7M | $1.4M | $383.0K | $1.4M | $1.1M | — |
| Total operating expenses | $41.1M | $11.0M | $8.7M | $3.2M | $4.4M | — |
| Operating income | — | — | $3.0K | $61.0K | $196.0K | — |
| Interest expense | — | $5.0K | — | — | $229.0K | — |
| Pre-tax income | -$13.3M | -$8.5M | -$4.4M | $1.3M | -$979.0K | — |
| Income tax | — | $19.0K | $155.0K | — | — | — |
| Net income | -$13.3M | -$8.5M | -$4.6M | $1.3M | -$979.0K | — |
| EPS, basic | -0.11 | -0.53 | -0.33 | 0.11 | -0.09 | — |
| EPS, diluted | -0.11 | -0.53 | -0.33 | 0.11 | -0.09 | — |
| Shares, diluted (wtd. avg.) | 124.9M | 16.1M | 13.7M | 12.0M | 10.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $16.8M | $3.8M | $2.1M | $7.5M | $8.1M | $12.2M |
| Receivables | — | $211.0K | $3.6M | $309.0K | — | — |
| Total current assets | $37.7M | $9.7M | $12.8M | $9.7M | — | — |
| Property, plant and equipment | $319.0K | $157.0K | $150.0K | $32.0K | — | — |
| Goodwill | $47.0K | — | — | — | — | — |
| Other intangibles | $607.0K | $86.0K | $77.0K | $64.0K | — | — |
| Total assets | $50.7M | $12.3M | $15.4M | $10.2M | $9.5M | — |
| Short-term debt | — | $5.0K | — | — | — | — |
| Total current liabilities | $24.4M | $7.5M | $6.0M | $6.8M | — | — |
| Total liabilities | $25.6M | $7.6M | $6.5M | $6.9M | $7.5M | — |
| Retained earnings | -$27.7M | -$14.5M | -$6.0M | -$1.4M | — | — |
| Total equity | $25.2M | $4.7M | $8.9M | $3.3M | $2.0M | $1.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$15.3M | -$1.1M | -$5.6M | -$443.0K | -$5.7M | — |
| Depreciation and amortisation | $131.0K | $81.0K | $23.0K | $18.0K | $19.0K | — |
| Stock-based compensation | $3.2M | $3.3M | $3.8M | — | — | — |
| Capital expenditure | $186.0K | $88.0K | $141.0K | $8.0K | $17.0K | — |
| Investing cash flow | $4.5M | $287.0K | -$1.4M | $225.0K | $114.0K | — |
| Financing cash flow | $21.1M | $2.4M | $6.7M | -$341.0K | $1.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-084178.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $3.3M | $389.0K | $871.0K | $655.0K | $593.0K |
| Gross profit | — | — | — | — | — | — |
| Net income | — | -$979.0K | $1.3M | -$4.6M | -$8.5M | -$13.3M |
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