Solowin Holdings (AXG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AXG SEC filings page.
Solowin Holdings (AXG) reported $28.0M in revenue for fiscal year 2026, up 93393.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue returned at scale in FY2026, but growth remained externally financed while losses absorbed operating cash.
Revenue reached$28.0M in FY2026 after$30K in FY2025, but the company still posted a net loss of-$13.3M . Operating cash flow was-$15.3M while financing supplied$21.1M ; the sharp top-line rebound therefore did not yet translate into self-funding operations.
The cash deficit is primarily operational rather than a heavy reinvestment program: FY2026 free cash flow was
The balance sheet expanded alongside financing inflows: total assets rose to
Financial Health Signals
Scored against banks for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Solowin Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Solowin Holdings earned a return on assets of -26.2% in fiscal year 2026, which is the profit it made on every dollar of assets on its books. This is up from -69.4% the prior year. Earnings ranks banks on that return over three years, and Solowin Holdings scores 3/100 among other banks.
Solowin Holdings reported revenue of $28.0M in fiscal year 2026, against $30K in fiscal year 2025. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Solowin Holdings scores 100/100 among other banks.
Solowin Holdings funded 49.6% of its assets with shareholders' equity at the end of fiscal year 2026, holding $25.2M of equity against $50.7M of assets. Capital ranks banks on that cushion, and Solowin Holdings scores 92/100 among other banks.
Not available for Solowin Holdings, and counted as zero in the overall score.
Not available for Solowin Holdings, and counted as zero in the overall score.
Solowin Holdings reported a net loss of $13.3M in fiscal year 2026, against a loss of $8.5M in fiscal year 2025. Stability ranks banks on how steady net income has been across five years, and Solowin Holdings scores 19/100 among other banks.
Solowin Holdings passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
Solowin Holdings reported a net loss of $13.3M while operations used $15.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2026.
Cash & Balance Sheet
Solowin Holdings held $16.8M in cash as of Q4 2026; long-term debt is not reported for that period.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
None of these metrics is reported for Q4 2026.
Capital Allocation
None of these metrics is reported for Q4 2026.
AXG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
AXG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2620-F | Q2'266-K | Q4'2520-F | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $50.7M+312.0% | $383.2M+2822.3% | $12.3M-20.1% | $13.1M-22.4% | $15.4M+50.6% | $16.9M | $10.2M+8.1% | $9.5M |
| Current Assets | $37.7M+290.0% | $28.4M+171.1% | $9.7M-24.5% | $10.5M | $12.8M+31.6% | N/A | $9.7M | N/A |
| Cash & Equivalents | $16.8M+337.8% | $8.8M+257.1% | $3.8M+79.3% | $2.5M-61.4% | $2.1M+11.2% | $6.4M | $1.9M+97.0% | $977K |
| Short-Term Investments | $0 | $5.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | N/A | N/A | $333K | $220K-28.8% | N/A | $309K | N/A |
| Long-Term Investments | $494K+34.2% | $494K+23.2% | $368K | $401K | $0 | $0 | $0 | $0 |
| Goodwill | $47K | $343.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $25.6M+237.8% | $14.2M+99.6% | $7.6M+17.0% | $7.1M+18.6% | $6.5M-5.9% | $6.0M | $6.9M-7.7% | $7.5M |
| Current Liabilities | $24.4M+225.1% | $13.0M+89.0% | $7.5M+24.1% | $6.9M | $6.0M-11.1% | N/A | $6.8M | N/A |
| Non-Current Liabilities | $1.2M+1384.3% | $1.1M+474.0% | $83K-81.1% | $196K | $439K+362.1% | N/A | $95K | N/A |
| Total Equity | $25.2M+432.1% | $369.0M+6037.4% | $4.7M-47.0% | $6.0M-44.9% | $8.9M+167.1% | $10.9M | $3.3M+67.0% | $2.0M |
| Retained Earnings | -$27.7M-90.7% | -$19.2M-56.5% | -$14.5M-142.7% | -$12.2M | -$6.0M-319.0% | N/A | -$1.4M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
AXG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
AXG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Where Solowin Holdings Ranks
Frequently Asked Questions
What is Solowin Holdings's annual revenue?
Solowin Holdings (AXG) reported $28.0M in total revenue for fiscal year 2026. This represents a 93393.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Solowin Holdings's revenue growing?
Solowin Holdings (AXG) revenue grew by 93393.3% year-over-year, from $30K to $28.0M in fiscal year 2026.
Is Solowin Holdings profitable?
No, Solowin Holdings (AXG) reported a net income of -$13.3M in fiscal year 2026, with a net profit margin of -47.4%.
What is Solowin Holdings's net profit margin?
Solowin Holdings (AXG) had a net profit margin of -47.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Solowin Holdings's return on equity (ROE)?
Solowin Holdings (AXG) has a return on equity of -52.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Solowin Holdings's free cash flow?
Solowin Holdings (AXG) recorded an outflow of $15.5M in free cash flow during fiscal year 2026. This represents a -1255.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Solowin Holdings's operating cash flow?
Solowin Holdings (AXG) recorded an outflow of $15.3M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Solowin Holdings's total assets?
Solowin Holdings (AXG) had $50.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Solowin Holdings's capital expenditures?
Solowin Holdings (AXG) invested $186K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Solowin Holdings's current ratio?
Solowin Holdings (AXG) had a current ratio of 1.55 as of fiscal year 2026, which is generally considered healthy.
What is Solowin Holdings's debt-to-equity ratio?
Solowin Holdings (AXG) had a debt-to-equity ratio of 1.02 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solowin Holdings's return on assets (ROA)?
Solowin Holdings (AXG) had a return on assets of -26.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Solowin Holdings's P/E ratio?
Solowin Holdings (AXG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $315.7M as of Sep 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Solowin Holdings's price-to-sales ratio?
Solowin Holdings (AXG) trades at 11.3x sales, its market capitalization divided by revenue of $28.0M revenue, FY2026. The market capitalization is $315.7M as of Sep 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Solowin Holdings's Piotroski F-Score?
Solowin Holdings (AXG) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Solowin Holdings's earnings high quality?
Solowin Holdings (AXG) reported a net loss of $13.3M while operations used $15.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Solowin Holdings?
Solowin Holdings (AXG) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.