Solowin Holdings (AXG) financial statements
Solowin Holdings reported revenue of $593,000 in fiscal 2026, down 34.7% a year over 4 years.
Net income was -$13M.
Free cash flow was -$16M.
The diluted share count rose 1105% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Solowin Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $3M | $389,000 | $871,000 | $655,000 | $593,000 |
| Selling, general and admin | $2M | $2M | $1M | $3M | $2M |
| Operating income | $196,000 | $61,000 | $3,000 | — | — |
| Interest expense | $229,000 | — | — | $5,000 | — |
| Pre-tax income | -$979,000 | $1M | -$4M | -$9M | -$13M |
| Income tax | — | — | $155,000 | $19,000 | — |
| Net income | -$979,000 | $1M | -$5M | -$9M | -$13M |
| EPS (diluted) | -$0.09 | $0.11 | -$0.33 | -$0.53 | -$0.11 |
| Diluted shares | 10M | 12M | 14M | 16M | 125M |
| Operating margin | 6.0% | 15.7% | 0.3% | — | — |
| Net margin | -30.1% | 346.8% | -523.1% | -1303.5% | -2240.8% |
Balance sheet
Fiscal years, from Solowin Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash and short-term investments | $977,000 | $2M | $2M | $4M | $17M |
| Receivables | — | $309,000 | $220,000 | $211,000 | — |
| Total current assets | — | $10M | $13M | $10M | $38M |
| Property, plant and equipment | — | $32,000 | $150,000 | $157,000 | $319,000 |
| Goodwill | — | — | — | — | $47,000 |
| Total assets | $9M | $10M | $15M | $12M | $51M |
| Total current liabilities | — | $7M | $6M | $7M | $24M |
| Total liabilities | $7M | $7M | $6M | $8M | $26M |
| Shareholders' equity | $2M | $3M | $9M | $5M | $25M |
| Net debt | -$977,000 | -$2M | -$2M | -$4M | -$17M |
Cash flow
Fiscal years, from Solowin Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating cash flow | -$6M | -$443,000 | -$6M | -$1M | -$15M |
| Capital spending | $17,000 | $8,000 | $141,000 | $88,000 | $186,000 |
| Free cash flow | -$6M | -$451,000 | -$6M | -$1M | -$16M |
| Stock-based compensation | — | — | $4M | $3M | $3M |
| Free cash flow margin | -176.8% | -115.9% | -659.9% | -174.8% | -2617.4% |
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Open AXG in InvestinglyQuestions
What was Solowin Holdings's revenue in 2026?
$593,000 in fiscal 2026, from its 10-K filing.
How much free cash flow does Solowin Holdings generate?
-$16M in fiscal 2026 (operating cash flow minus capital spending).
From Solowin Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.