NASDAQ · Financial Statements

Solowin Holdings - Class A Ordinary Share (AXG) Financial Statements

$0.05 NASDAQ: AXG Market Cap $9.84M

Solowin Holdings - Class A Ordinary Share most recently reported annual revenue of $4.0M, a net loss of $2.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Solowin Holdings - Class A Ordinary Share: net profit was positive in 0 of 6 reported years; operating margin moved from -32.7% to -46.4%, a shift of -13.7 percentage points; the most recent year shows a net loss of $2.0M.

Income Statement — 6 Years (USD millions)

Metric202120222023202420252026
Revenue$0$0$1.0M$1.0M$0$4.0M
Operating Expenses$0$1.0M$0$1.0M$1.0M$5.0M
Operating Profit$0$0$0$-1.0M$-1.0M$-2.0M
Operating Margin-32.7%-29.1%28.9%-103.2%-288.5%-46.4%
Other Income$0$0$0$0$0$0
Interest$0$0$0$0$0$0
Depreciation$0$0$0$0$0$0
Profit Before Tax$0$0$0$-1.0M$-1.0M$-2.0M
Tax$0$0$0$-3.5M$-220,000$0
Net Profit$0$0$0$-1.0M$-1.0M$-2.0M
EPS$0.00$0.00$0.01$-0.02$-0.07$-0.01
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

MetricSep '20Mar '21Sep '21Mar '22Sep '22Mar '23Sep '23Mar '24Sep '24Mar '25Sep '25Mar '26
Revenue$0$0$0$0$0$0$0$0$0$0$1.0M$3.0M
Operating Expenses$0$0$0$0$0$0$0$1.0M$1.0M$1.0M$1.0M$4.0M
Operating Profit$0$0$0$0$0$0$0$-1.0M$-1.0M$-1.0M$-1.0M$-1.0M
Operating Margin-6.2%-86.4%-6.2%-86.4%-21.6%46.9%50.6%-349.4%-569.4%-230.4%-79.6%-37.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$0$0$0$0$0$0$0$-1.0M$-1.0M$0$-1.0M$-1.0M
Tax$0$0$0$0$0$0$6.6M$-1.2M$0$-840,000$0$0
Net Profit$0$0$0$0$0$0$0$-1.0M$-1.0M$0$-1.0M$-1.0M
EPS$0.00$0.00$0.00$0.00$0.00$0.01$0.01$-0.03$-0.03$-0.02$-0.01$-0.01

Over the 6 years reported for Solowin Holdings - Class A Ordinary Share, cash stood at $2.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.00 times.

Balance Sheet — 6 Years (USD millions)

Metric202120222023202420252026
Total Assets$14.0M$9.0M$10.0M$15.0M$12.0M$6.0M
Current Assets$13.0M$9.0M$10.0M$13.0M$10.0M$4.0M
Cash$1.0M$1.0M$2.0M$2.0M$4.0M$2.0M
Inventory$12.0M$0$0$0$0$0
Receivables$0$1.0M$2.0M$4.0M$0$14.0M
Fixed Assets$0$0$0$1.0M$1.0M$0
Capital Work in Progress$0$0$0$0$0$0
Investments$0$0$0$0$0$1.0M
Other Assets$0$0$0$0$0$0
Total Liabilities$12.0M$7.0M$7.0M$6.0M$8.0M$3.0M
Current Liabilities$12.0M$7.0M$7.0M$6.0M$7.0M$1.0M
Borrowings$0$0$0$1.0M$1.0M$1.0M
Other Liabilities$12.0M$7.0M$7.0M$5.0M$6.0M$2.0M
Equity$0$0$0$0$0$0
Reserves$1.0M$2.0M$3.0M$9.0M$5.0M$3.0M

For Solowin Holdings - Class A Ordinary Share, operating cash flow was positive in 1 of 6 reported years; free cash flow in the latest year was negative at $2.0M; free cash flow was positive in 1 of 6 years.

Cash Flow Statement — 6 Years (USD millions)

Metric202120222023202420252026
Operating Cash Flow$1.0M$-1.0M$0$-1.0M$0$-2.0M
Investing Cash Flow$0$0$0$0$0$1.0M
Financing Cash Flow$0$0$0$0$0$2.0M
Net Cash Flow$0$0$0$0$0$2.0M
Free Cash Flow$1.0M$-1.0M$0$-1.0M$0$-2.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.07
EV / EBITDA-2.35
FCF Yield-45.41%
Quick Ratio5.17
Interest Coverage—
Return 1Y-12.80%
Return 3Y—
Return 5Y—

Solowin Holdings - Class A Ordinary Share (AXG) financials — frequently asked questions

What is Solowin Holdings - Class A Ordinary Share's annual revenue?

Solowin Holdings - Class A Ordinary Share (AXG) reported annual revenue of $4.0M in its most recent fiscal year.

What is Solowin Holdings - Class A Ordinary Share's net profit?

Solowin Holdings - Class A Ordinary Share (AXG) reported a net loss of $2.0M in its most recent fiscal year.

What is AXG EV/EBITDA?

Solowin Holdings - Class A Ordinary Share's enterprise value to EBITDA (EV/EBITDA) ratio is -2.35. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.