What is SWVL HOLDINGS CORP's earnings per share (EPS)?

SWVL HOLDINGS CORP (SWVLW) reported diluted earnings per share of $-1.28 for fiscal year 2024. This represents a -207.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SWVL HOLDINGS CORP Financials

SWVLW

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows SWVL HOLDINGS CORP (SWVLW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI SWVLW FY2024 2026-04-22

SWVLW's core mechanic is cash consumption, with earnings swings masking a business still reliant on financing to keep liquidity intact year to year.

FY2023's net profit of $3.1M was not a cash turning point, because operating cash flow was still -$9.1M. In FY2024, net income slipped to -$10.3M while operating cash burn narrowed to -$3.6M, showing reported earnings and cash economics were moving on different tracks and that the one profitable year did not represent a durable operating reset.

Cash on hand rose to $5.0M in FY2024 even though operations still used -$3.6M. Financing added $4.0M and investing produced $583K, so year-end liquidity was assembled from outside the core operation; the cash balance looks healthier than the operating engine itself.

The balance sheet is strained but not debt-driven: current ratio slipped from 1.1x to 0.9x. Equity ended FY2024 at -$688K, while long-term debt was only $440K, which points to pressure from accumulated operating liabilities rather than heavy borrowing and makes short-term funding structure the bigger issue than debt service.

Financial Health Signals

Financial Profile 18/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of SWVL HOLDINGS CORP'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.

Growth

SWVL HOLDINGS CORP's revenue declined 24.7% year-over-year, from $22.9M to $17.2M. This contraction results in a growth score of 0/100.

Leverage

SWVL HOLDINGS CORP carries a low D/E ratio of -0.64, meaning only $-0.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

SWVL HOLDINGS CORP's current ratio of 0.86 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

3/9

SWVL HOLDINGS CORP passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.35x

For every $1 of reported earnings, SWVL HOLDINGS CORP generates $0.35 in operating cash flow (-$3.6M OCF vs -$10.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$17.2M

YoY-24.7%

5Y CAGR+6.9%

SWVL HOLDINGS CORP generated $17.2M in revenue in fiscal year 2024. This represents a decrease of 24.7% from the prior year.

EBITDA

N/A

Net Income

-$10.3M

YoY-436.0%

SWVL HOLDINGS CORP reported -$10.3M in net income in fiscal year 2024. This represents a decrease of 436.0% from the prior year.

EPS (Diluted)

$-1.28

YoY-207.6%

SWVL HOLDINGS CORP earned $-1.28 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 207.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.0M

YoY+69.7%

5Y CAGR-20.2%

SWVL HOLDINGS CORP held $5.0M in cash against $440K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-59.7%

YoY-73.0pp

5Y CAGR-345.1pp

SWVL HOLDINGS CORP's net profit margin was -59.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 73.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SWVLW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$17.2M-24.7%	$22.9M-46.9%	$43.0M+68.2%	$25.6M+70.6%	$15.0M+21.3%	$12.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$74K-42.3%	$127K-62.7%	$342K+143.6%	$140K+67.3%	$84K	N/A
Income Tax	$209K+606.1%	-$41K+98.7%	-$3.2M+31.6%	-$4.7M-49.5%	-$3.2M-158.7%	$5.4M
Net Income	-$10.3M-436.0%	$3.1M+102.5%	-$123.6M+12.7%	-$141.5M-376.0%	-$29.7M-184.3%	$35.3M
EPS (Diluted)	$-1.28-207.6%	$1.19+108.2%	$-14.52+24.0%	$-19.10-7540.0%	$-0.25	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SWVLW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$16.4M-25.3%	$21.9M-61.9%	$57.5M-3.2%	$59.3M+139.7%	$24.8M	N/A
Current Assets	$10.3M-6.2%	$11.0M-46.0%	$20.3M-41.3%	$34.6M+156.8%	$13.5M	N/A
Cash & Equivalents	$5.0M+69.7%	$2.9M+90.0%	$1.5M-42.9%	$2.7M-73.9%	$10.3M-32.5%	$15.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.0M-24.7%	$5.3M-64.0%	$14.8M+124.4%	$6.6M+130.9%	$2.9M	N/A
Goodwill	N/A	N/A	N/A	$4.4M	N/A	N/A
Total Liabilities	$17.1M+6.7%	$16.0M-70.9%	$54.8M-63.2%	$149.1M+2249.0%	$6.3M	N/A
Current Liabilities	$11.9M+14.4%	$10.4M-75.5%	$42.6M-70.6%	$145.0M+2509.1%	$5.6M	N/A
Long-Term Debt	$440K-56.9%	$1.0M-35.8%	$1.6M-46.2%	$3.0M+373.2%	$626K	N/A
Total Equity	-$688K-111.6%	$5.9M+125.0%	$2.6M+102.9%	-$89.7M-587.4%	$18.4M-4.3%	$19.2M
Retained Earnings	-$339.8M-3.1%	-$329.5M+0.9%	-$332.6M-53.9%	-$216.1M-189.4%	-$74.7M	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20
Total Assets	$18.2M+11.4%	$16.4M+16.3%	$14.1M-35.8%	$21.9M-36.8%	$34.7M-39.7%	$57.5M-3.2%	$59.3M+139.7%	$24.8M
Current Assets	$12.1M+17.5%	$10.3M+48.4%	$6.9M-36.8%	$11.0M+12.4%	$9.8M-51.9%	$20.3M-41.3%	$34.6M+156.8%	$13.5M
Cash & Equivalents	$4.9M-1.7%	$5.0M+318.9%	$1.2M-59.5%	$2.9M+218.2%	$919K-40.3%	$1.5M-42.9%	$2.7M-73.9%	$10.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.9M+46.5%	$4.0M+0.4%	$4.0M-25.0%	$5.3M-10.5%	$6.0M-59.8%	$14.8M+124.4%	$6.6M+130.9%	$2.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$4.4M	N/A
Total Liabilities	$17.5M+2.8%	$17.1M+5.3%	$16.2M+1.4%	$16.0M-46.0%	$29.6M-46.0%	$54.8M-63.2%	$149.1M+2249.0%	$6.3M
Current Liabilities	$11.7M-1.9%	$11.9M+8.1%	$11.0M+5.8%	$10.4M-40.9%	$17.7M-58.5%	$42.6M-70.6%	$145.0M+2509.1%	$5.6M
Long-Term Debt	$324K-26.5%	$440K-45.5%	$808K-20.9%	$1.0M-26.7%	$1.4M-12.5%	$1.6M-46.2%	$3.0M+373.2%	$626K
Total Equity	$707K+202.8%	-$688K+67.7%	-$2.1M-136.0%	$5.9M+17.4%	$5.0M+91.6%	$2.6M+102.9%	-$89.7M-587.4%	$18.4M
Retained Earnings	-$339.4M+0.1%	-$339.8M-1.4%	-$335.2M-1.7%	-$329.5M+0.3%	-$330.5M+0.6%	-$332.6M-53.9%	-$216.1M-189.4%	-$74.7M

SWVLW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.6M+60.8%	-$9.1M+92.3%	-$117.7M-89.4%	-$62.1M-103.4%	-$30.5M+23.6%	-$40.0M
Capital Expenditures	N/A	$17K-97.9%	$818K+155.9%	$319K+50.0%	$213K-45.2%	$389K
Free Cash Flow	N/A	-$9.1M+92.3%	-$118.5M-89.7%	-$62.5M-103.0%	-$30.8M+23.8%	-$40.4M
Investing Cash Flow	$583K-93.4%	$8.8M+208.7%	-$8.1M+27.4%	-$11.1M-5133.2%	-$213K+45.2%	-$389K
Financing Cash Flow	$4.0M+1074.5%	$344K-99.7%	$125.1M+72.0%	$72.7M+179.2%	$26.0M-43.8%	$46.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SWVLW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-59.7%-73.0pp	13.4%+300.8pp	-287.4%+266.1pp	-553.5%-355.1pp	-198.4%-483.8pp	285.5%
Return on Equity	N/A	51.7%+4751.9pp	-4700.3%	N/A	-161.5%-344.8pp	183.3%
Return on Assets	-62.7%-76.7pp	14.0%+229.0pp	-215.1%+23.4pp	-238.4%-118.4pp	-120.1%	N/A
Current Ratio	0.86-0.2	1.05+0.6	0.48+0.2	0.24-2.2	2.42	N/A
Debt-to-Equity	-0.64-0.8	0.17-0.4	0.61+0.6	-0.03-0.1	0.03	N/A
FCF Margin	N/A	-39.9%+235.7pp	-275.6%-31.3pp	-244.3%-39.0pp	-205.3%+121.6pp	-326.9%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.03+0.2	0.86+0.2	0.63-0.4	1.05+0.5	0.55+0.1	0.48+0.2	0.24-2.2	2.42
Debt-to-Equity	0.46+1.1	-0.64-0.3	-0.38-0.6	0.17-0.1	0.28-0.3	0.61+0.6	-0.03-0.1	0.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$688K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is SWVL HOLDINGS CORP's annual revenue?

SWVL HOLDINGS CORP (SWVLW) reported $17.2M in total revenue for fiscal year 2024. This represents a -24.7% 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 SWVL HOLDINGS CORP's revenue growing?

SWVL HOLDINGS CORP (SWVLW) revenue declined by 24.7% year-over-year, from $22.9M to $17.2M in fiscal year 2024.

Is SWVL HOLDINGS CORP profitable?

No, SWVL HOLDINGS CORP (SWVLW) reported a net income of -$10.3M in fiscal year 2024, with a net profit margin of -59.7%.

How much debt does SWVL HOLDINGS CORP have?

As of fiscal year 2024, SWVL HOLDINGS CORP (SWVLW) had $5.0M in cash and equivalents against $440K in long-term debt.

What is SWVL HOLDINGS CORP's net profit margin?

SWVL HOLDINGS CORP (SWVLW) had a net profit margin of -59.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is SWVL HOLDINGS CORP's operating cash flow?

SWVL HOLDINGS CORP (SWVLW) generated -$3.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are SWVL HOLDINGS CORP's total assets?

SWVL HOLDINGS CORP (SWVLW) had $16.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What is SWVL HOLDINGS CORP's current ratio?

SWVL HOLDINGS CORP (SWVLW) had a current ratio of 0.86 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is SWVL HOLDINGS CORP's debt-to-equity ratio?

SWVL HOLDINGS CORP (SWVLW) had a debt-to-equity ratio of -0.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SWVL HOLDINGS CORP's return on assets (ROA)?

SWVL HOLDINGS CORP (SWVLW) had a return on assets of -62.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is SWVL HOLDINGS CORP's cash runway?

Based on fiscal year 2024 data, SWVL HOLDINGS CORP (SWVLW) had $5.0M in cash against an annual operating cash burn of $3.6M. This gives an estimated cash runway of approximately 17 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is SWVL HOLDINGS CORP's debt-to-equity ratio negative or unusual?

SWVL HOLDINGS CORP (SWVLW) has negative shareholder equity of -$688K as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is SWVL HOLDINGS CORP's Piotroski F-Score?

SWVL HOLDINGS CORP (SWVLW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 SWVL HOLDINGS CORP's earnings high quality?

SWVL HOLDINGS CORP (SWVLW) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). 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 SWVL HOLDINGS CORP?

SWVL HOLDINGS CORP (SWVLW) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.