Solowin Holdings (AXG) revenue breakdown
By segment, AI Tokens segment is the largest at 79% of fiscal 2026 revenue.
By product, Investment advisory fees is the largest at 36% of fiscal 2025 revenue; Asset management income - related parties grew fastest, 25% a year over 3 years.
Revenue by segment
Fiscal years, as Solowin Holdings reports them in its 10-K filings; fiscal 2026 total $28M.
| Segments | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|
| AI Tokens segment | — | — | — | — | $22M | 79% |
| Digital Asset Tokens Segment | — | — | — | — | $6M | 21% |
| Securities related services segment | $2M | — | — | — | — | — |
| Wealth Management Services Segment | — | $3M | $3M | $1M | — | — |
| Investment banking services segment | — | $951,000 | $120,000 | $999,000 | — | — |
| Investment advisory services segment | $728,000 | — | — | — | — | — |
| Asset management services segment | $333,000 | $389,000 | $871,000 | $655,000 | — | — |
| Virtual Assets Services Segment | — | — | — | $15,000 | — | — |
Revenue by product
Fiscal years, as Solowin Holdings reports them in its 10-K filings; fiscal 2025 total $3M.
| Products | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| Investment advisory fees | $728,000 | $3M | $3M | $1M | 36% |
| Corporate consultancy service income | — | $951,000 | $120,000 | $999,000 | 35% |
| Asset management income - related parties | $333,000 | $389,000 | $871,000 | $655,000 | 23% |
| Securities and virtual assets brokerage commissions and handling income | $2M | $74,000 | $51,000 | $110,000 | 4% |
| Interest income | $351,000 | $27,000 | $128,000 | $30,000 | 1% |
| Referral income | — | $497,000 | $261,000 | — | — |
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Where does Solowin Holdings make its money?
In fiscal 2026, by segment: AI Tokens segment $22M, Digital Asset Tokens Segment $6M.
From Solowin Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.