AXG
Solowin Holdings
NASDAQ: AXG · FINANCIAL SERVICES · CAPITAL MARKETS
$3.93
-2.24% today
Updated 2026-04-30
Market cap
$735.03M
P/E ratio
—
P/S ratio
96.01x
EPS (TTM)
$-0.21
Dividend yield
—
52W range
$3 – $5
Volume
0.4M
Solowin Holdings (AXG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $152333.00 | $418268.00 | $568075.00 | $548405.00 | $361728.00 |
| Revenue growth (YoY) | — | +174.6% | +35.8% | -3.5% | -34.0% |
| Cost of revenue | $48498.00 | $180872.00 | $5485.00 | $9585.00 | $86229.00 |
| Gross profit | $103834.00 | $237395.00 | $562589.00 | $538819.00 | $275499.00 |
| Gross margin | 68.2% | 56.8% | 99.0% | 98.3% | 76.2% |
| R&D | $260000.00 | $570000.00 | $310000.00 | $400000.00 | $460000.00 |
| SG&A | $1.22M | $1.09M | $1.39M | $1.70M | $7.28M |
| Operating income | $-49789.00 | $-121652.00 | $164312.00 | $-566170.00 | $-1.04M |
| Operating margin | -32.7% | -29.1% | 28.9% | -103.2% | -288.5% |
| EBITDA | $-40889.00 | $-93905.00 | $174389.00 | $-558628.00 | $-1.08M |
| EBITDA margin | -26.8% | -22.5% | 30.7% | -101.9% | -298.5% |
| EBIT | $-42436.00 | $-96345.00 | $172093.00 | $-562462.00 | $-1.09M |
| Interest expense | $40759.00 | $29417.00 | $0.00 | $0.00 | $641.00 |
| Income tax | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-83196.00 | $-125763.00 | $172093.00 | $-582273.00 | $-1.10M |
| Net income growth (YoY) | — | -51.2% | +236.8% | -438.3% | -88.2% |
| Profit margin | -54.6% | -30.1% | 30.3% | -106.2% | -302.9% |