AXG
Solowin Holdings
Price Chart
Latest Quote
$3.37
-0.06 (-1.75%)
Current Price
| Previous Close | $3.43 |
| Open | $3.32 |
| Day High | $3.38 |
| Day Low | $3.32 |
| Volume | 15,187 |
Stock Information
| Shares Outstanding | 159.08M |
| Total Debt | $2.04M |
| Cash Equivalents | $8.78M |
| Revenue | $7.66M |
| Net Income | $-6.92M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $641.83M |
| EPS (TTM) | $-0.21 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $635.36M |
| Sales | $7.66M |
| Income | $-6.92M |
| Book/sh | $1.97 |
| Cash/sh | $0.06 |
| Employees | 33 |
Financial Ratios
| Quick Ratio | 1.17 |
| Current Ratio | 1.73 |
| Debt/Eq | 0.55 |
Returns & Margins
| ROA | -3.49% |
| ROE | -3.69% |
| Gross Margin | 92.31% |
| Operating Margin | 0.29% |
| Profit Margin | -90.32% |
Ownership
| Insider Ownership | 98.60% |
| Institutional Ownership | 0.99% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 83.83 |
| P/B | 1.71 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $3.48 |
| SMA50 | $3.60 |
| SMA200 | $3.56 |
| RSI | 35.00 |
| ATR | 0.1044 |
| Shares Float | 50.99M |
| Short Float | 0.23% |
| Short Ratio | 3.12 |
| Volatility | -0.23 |
| Rel Volume | 0.14 |
Performance History
| Week | -3.71% |
| Month | -6.65% |
| Quarter | -8.42% |
| 6 Months | +1.51% |
| YTD | -17.40% |
| Year | +75.52% |
| 10 Years | -44.57% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-17 | $3.37 | 15,187 |
| 2026-06-16 | $3.43 | 49,500 |
| 2026-06-15 | $3.43 | 42,600 |
| 2026-06-12 | $3.45 | 186,300 |
| 2026-06-11 | $3.52 | 182,000 |
| 2026-06-10 | $3.50 | 106,800 |
| 2026-06-09 | $3.46 | 158,900 |
| 2026-06-08 | $3.45 | 31,300 |
| 2026-06-05 | $3.43 | 148,000 |
| 2026-06-04 | $3.49 | 43,400 |
| 2026-06-03 | $3.45 | 79,800 |
| 2026-06-02 | $3.45 | 74,300 |
| 2026-06-01 | $3.48 | 97,100 |
| 2026-05-29 | $3.47 | 53,300 |
| 2026-05-28 | $3.49 | 95,200 |
| 2026-05-27 | $3.50 | 105,800 |
| 2026-05-26 | $3.50 | 365,400 |
| 2026-05-22 | $3.54 | 98,700 |
| 2026-05-21 | $3.60 | 32,200 |
| 2026-05-20 | $3.61 | 170,500 |
| 2026-05-19 | $3.59 | 343,700 |
| 2026-05-18 | $3.61 | 130,800 |
About Solowin Holdings
Solowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong. It operates Solomon VA+, a trading platform that allows investors to trade over listed securities and their derivative products listed on the Hong Kong Stock Exchange (HKSE), New York Stock Exchange, Nasdaq, Shanghai Stock Exchange, and Shenzhen Stock Exchange; and provides online account opening and trading services through its front trading and back-office clearing systems. The company also offers Hong Kong initial public offering (IPO) underwriting, public offer application, and margin financing services; international placing subscription; Hong Kong pre-IPO securities trading; US IPO subscription; virtual assets trading, IPO subscription and placement, bond trading, fund subscription, equity custodian and agent, investment immigrant account management, enterprise employee shareholding exercise, professional investment research, and instant quotation services. In addition, it provides investment advisory services to its clients based on their financial needs and risk appetite; and issues and manages various fund products. Further, the company offers professional asset management services to financial and private institutions; tailored financial services to individual investors; investment banking services; virtual asset dealing, virtual assets spot exchange-traded products subscription and redemption, security token offering, and blockchain services; financial and independent financial advisory services for unlisted and listed companies; and securities dealing and advice, financial planning, and offshore private fund investment services. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.
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Income Statement (Annual)
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $2,705,000 | $1,210,000 | $1,265,000 | $2,314,000 |
| Cost Of Revenue | $2,705,000 | $1,210,000 | $1,265,000 | $2,314,000 |
| Total Revenue | $2,865,000 | $4,320,000 | $4,453,000 | $3,257,000 |
| Operating Revenue | $2,865,000 | $4,320,000 | $4,453,000 | $3,257,000 |
| Expenses | ||||
| Interest Expense | $5,000 | $0 | $0 | $229,000 |
| Total Expenses | $11,241,000 | $8,718,000 | $3,116,000 | $4,203,000 |
| Other Income Expense | $-137,000 | $-3,000 | $12,000 | $196,000 |
| Other Non Operating Income Expenses | $3,000 | - | $1,000 | $180,000 |
| Net Non Operating Interest Income Expense | $-5,000 | $0 | $0 | $-229,000 |
| Interest Expense Non Operating | $5,000 | $0 | $0 | $229,000 |
| Operating Expense | $8,536,000 | $7,508,000 | $1,851,000 | $1,889,000 |
| Other Operating Expenses | $2,198,000 | $814,000 | $617,000 | $563,000 |
| Selling And Marketing Expense | $1,006,000 | $927,000 | $444,000 | $703,000 |
| General And Administrative Expense | $5,834,000 | $4,913,000 | $772,000 | $524,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Net Interest Income | $-5,000 | $0 | $0 | $-229,000 |
| Normalized Income | $-8,466,190 | $-4,556,000 | $1,338,000 | $-995,000 |
| Net Income From Continuing And Discontinued Operation | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Net Income Common Stockholders | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Net Income | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Net Income Including Noncontrolling Interests | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Net Income Continuous Operations | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Pretax Income | $-8,519,000 | $-4,401,000 | $1,349,000 | $-979,000 |
| Special Income Charges | $-100,000 | $0 | $0 | - |
| Earnings From Equity Interest | $-54,000 | $-3,000 | $0 | $0 |
| Operating Income | $-8,376,000 | $-4,398,000 | $1,337,000 | $-946,000 |
| Gross Profit | $160,000 | $3,110,000 | $3,188,000 | $943,000 |
| Interest Income | - | $29,000 | $0 | $1,000 |
| Interest Income Non Operating | - | $29,000 | $0 | $1,000 |
| Per Share | ||||
| Diluted EPS | $-0.53 | $-0.33 | $0.11 | $-0.08 |
| Basic EPS | $-0.53 | $-0.33 | $0.11 | $-0.08 |
| Other | ||||
| Tax Effect Of Unusual Items | $-14,190 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-8,329,000 | $-4,371,000 | $1,356,000 | $-747,000 |
| Total Unusual Items | $-86,000 | $0 | $11,000 | $16,000 |
| Total Unusual Items Excluding Goodwill | $-86,000 | $0 | $11,000 | $16,000 |
| Reconciled Depreciation | $99,000 | $30,000 | $18,000 | $19,000 |
| EBITDA (Bullshit earnings) | $-8,415,000 | $-4,371,000 | $1,367,000 | $-731,000 |
| EBIT | $-8,514,000 | $-4,401,000 | $1,349,000 | $-750,000 |
| Diluted Average Shares | $16,127,380 | $13,724,658 | $14,000,000 | $14,000,000 |
| Basic Average Shares | $16,127,380 | $13,724,658 | $12,000,000 | $12,000,000 |
| Diluted NI Availto Com Stockholders | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Tax Provision | $19,000 | $155,000 | $0 | $0 |
| Gain On Sale Of Business | $-100,000 | $0 | $0 | - |
| Gain On Sale Of Security | $14,000 | - | $11,000 | $16,000 |
| Provision For Doubtful Accounts | $-502,000 | $854,000 | $18,000 | $99,000 |
| Selling General And Administration | $6,840,000 | $5,840,000 | $1,216,000 | $1,227,000 |
| Other Gand A | $5,638,000 | $979,000 | $728,000 | $524,000 |
| Insurance And Claims | $137,000 | $86,000 | $13,000 | - |
| Salaries And Wages | $59,000 | $3,848,000 | $31,000 | - |
Fetched: 2026-06-15
Balance Sheet (Annual)
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $4,645,000 | $8,847,000 | $3,277,000 | $1,936,000 |
| Total Assets | $12,308,000 | $15,401,000 | $10,227,000 | $9,459,000 |
| Total Non Current Assets | $2,651,000 | $2,606,000 | $503,000 | $362,000 |
| Non Current Prepaid Assets | $1,369,000 | $1,068,000 | $156,000 | $158,000 |
| Goodwill And Other Intangible Assets | $86,000 | $77,000 | $64,000 | $64,000 |
| Other Intangible Assets | $86,000 | $77,000 | $64,000 | $64,000 |
| Current Assets | $9,657,000 | $12,795,000 | $9,724,000 | $9,097,000 |
| Other Current Assets | $7,000 | $7,000 | $9,000 | $13,000 |
| Restricted Cash | $5,019,000 | $5,111,000 | $5,589,000 | $7,096,000 |
| Prepaid Assets | $520,000 | $1,385,000 | $161,000 | $40,000 |
| Receivables | $273,000 | $4,152,000 | $1,697,000 | $971,000 |
| Other Receivables | $19,000 | $664,000 | $303,000 | $202,000 |
| Loans Receivable | $0 | $574,000 | $0 | $409,000 |
| Accounts Receivable | $192,000 | $2,888,000 | $1,279,000 | $247,000 |
| Allowance For Doubtful Accounts Receivable | $-501,000 | $-575,000 | $-223,000 | $-205,000 |
| Gross Accounts Receivable | $693,000 | $3,463,000 | $1,502,000 | $452,000 |
| Cash Cash Equivalents And Short Term Investments | $3,838,000 | $2,140,000 | $1,925,000 | $977,000 |
| Cash And Cash Equivalents | $3,838,000 | $2,140,000 | $1,925,000 | $977,000 |
| Current Deferred Assets | - | $0 | $343,000 | $0 |
| Debt | ||||
| Total Debt | $1,080,000 | $1,070,000 | $251,000 | $98,000 |
| Long Term Debt And Capital Lease Obligation | $83,000 | $439,000 | $95,000 | $0 |
| Current Debt And Capital Lease Obligation | $997,000 | $631,000 | $156,000 | $98,000 |
| Current Debt | $420,000 | - | - | - |
| Other Current Borrowings | $420,000 | - | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $7,577,000 | $6,477,000 | $6,886,000 | $7,459,000 |
| Total Non Current Liabilities Net Minority Interest | $83,000 | $439,000 | $95,000 | $0 |
| Current Liabilities | $7,494,000 | $6,038,000 | $6,791,000 | $7,459,000 |
| Payables And Accrued Expenses | $6,497,000 | $5,407,000 | $6,515,000 | $7,361,000 |
| Interest Payable | $5,000 | $0 | - | - |
| Payables | $5,973,000 | $5,175,000 | $6,352,000 | $7,287,000 |
| Total Tax Payable | $0 | $55,000 | $0 | - |
| Income Tax Payable | $0 | $55,000 | $0 | - |
| Accounts Payable | $5,022,000 | $5,111,000 | $6,346,000 | $7,287,000 |
| Current Deferred Liabilities | - | $0 | $120,000 | $0 |
| Equity | ||||
| Common Stock Equity | $4,731,000 | $8,924,000 | $3,341,000 | $2,000,000 |
| Total Equity Gross Minority Interest | $4,731,000 | $8,924,000 | $3,341,000 | $2,000,000 |
| Stockholders Equity | $4,731,000 | $8,924,000 | $3,341,000 | $2,000,000 |
| Gains Losses Not Affecting Retained Earnings | $32,000 | $-1,000 | $-17,000 | $-9,000 |
| Other Equity Adjustments | $32,000 | $-1,000 | $-17,000 | $-9,000 |
| Retained Earnings | $-14,522,000 | $-5,984,000 | $-1,428,000 | $-2,777,000 |
| Long Term Equity Investment | $368,000 | $254,000 | $0 | - |
| Investments In Other Ventures Under Equity Method | $368,000 | $0 | - | - |
| Other | ||||
| Ordinary Shares Number | $16,480,000 | $15,500,000 | $14,000,000 | $14,000,000 |
| Share Issued | $16,480,000 | $15,500,000 | $14,000,000 | $14,000,000 |
| Tangible Book Value | $4,645,000 | $8,847,000 | $3,277,000 | $1,936,000 |
| Invested Capital | $5,151,000 | $8,924,000 | $3,341,000 | $2,000,000 |
| Working Capital | $2,163,000 | $6,757,000 | $2,933,000 | $1,638,000 |
| Capital Lease Obligations | $660,000 | $1,070,000 | $251,000 | $98,000 |
| Total Capitalization | $4,731,000 | $8,924,000 | $3,341,000 | $2,000,000 |
| Additional Paid In Capital | $19,219,000 | $14,908,000 | $4,785,000 | $4,785,000 |
| Capital Stock | $2,000 | $1,000 | $1,000 | $1,000 |
| Common Stock | $2,000 | $1,000 | $1,000 | $1,000 |
| Long Term Capital Lease Obligation | $83,000 | $439,000 | $95,000 | $0 |
| Current Capital Lease Obligation | $577,000 | $631,000 | $156,000 | $98,000 |
| Current Accrued Expenses | $524,000 | $232,000 | $163,000 | $74,000 |
| Dueto Related Parties Current | $951,000 | $9,000 | $6,000 | $0 |
| Investments And Advances | $368,000 | $254,000 | $0 | - |
| Investmentsin Associatesat Cost | $0 | $254,000 | $0 | - |
| Net PPE | $828,000 | $1,207,000 | $283,000 | $140,000 |
| Accumulated Depreciation | $-1,459,000 | $-709,000 | $-51,000 | $-33,000 |
| Gross PPE | $2,287,000 | $1,916,000 | $334,000 | $173,000 |
| Leases | $167,000 | $106,000 | $33,000 | $25,000 |
| Machinery Furniture Equipment | $145,000 | $118,000 | $50,000 | $50,000 |
| Buildings And Improvements | $1,975,000 | $1,692,000 | $251,000 | $98,000 |
| Properties | $0 | $0 | $0 | $0 |
| Duefrom Related Parties Current | $62,000 | $26,000 | $115,000 | $113,000 |
| Current Deferred Revenue | - | $0 | $120,000 | $0 |
Fetched: 2026-06-15
Cash Flow Statement (Annual)
| Metric | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-1,172,000 | $-5,768,000 | $-451,000 | $-5,755,000 |
| Operating Activities | ||||
| Operating Cash Flow | $-1,057,000 | $-5,607,000 | $-443,000 | $-5,738,000 |
| Cash Flow From Continuing Operating Activities | $-1,057,000 | $-5,607,000 | $-443,000 | $-5,738,000 |
| Operating Gains Losses | $154,000 | $3,000 | - | - |
| Investing Activities | ||||
| Capital Expenditure | $-115,000 | $-161,000 | $-8,000 | $-17,000 |
| Investing Cash Flow | $287,000 | $-1,376,000 | $225,000 | $114,000 |
| Cash Flow From Continuing Investing Activities | $287,000 | $-1,376,000 | $225,000 | $114,000 |
| Net Other Investing Changes | $1,010,000 | $-958,000 | $233,000 | $131,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $1,000,000 | $7,065,000 | $0 | $1,520,000 |
| Financing Cash Flow | $2,376,000 | $6,720,000 | $-341,000 | $1,460,000 |
| Cash Flow From Continuing Financing Activities | $2,376,000 | $6,720,000 | $-341,000 | $1,460,000 |
| Net Other Financing Charges | $956,000 | $-345,000 | $-341,000 | $-60,000 |
| Net Common Stock Issuance | $1,000,000 | $7,065,000 | $0 | $1,520,000 |
| Common Stock Issuance | $1,000,000 | $7,065,000 | $0 | $1,520,000 |
| Other | ||||
| Issuance Of Debt | $420,000 | $0 | $0 | - |
| Income Tax Paid Supplemental Data | $74,000 | $101,000 | $0 | $0 |
| End Cash Position | $8,857,000 | $7,251,000 | $7,514,000 | $8,073,000 |
| Beginning Cash Position | $7,251,000 | $7,514,000 | $8,073,000 | $12,237,000 |
| Changes In Cash | $1,606,000 | $-263,000 | $-559,000 | $-4,164,000 |
| Net Issuance Payments Of Debt | $420,000 | $0 | $0 | - |
| Net Long Term Debt Issuance | $420,000 | $0 | $0 | - |
| Long Term Debt Issuance | $420,000 | $0 | $0 | - |
| Net Investment Purchase And Sale | $-658,000 | $0 | $0 | - |
| Purchase Of Investment | $-658,000 | $0 | $0 | - |
| Net Business Purchase And Sale | $50,000 | $-257,000 | $0 | $0 |
| Sale Of Business | $50,000 | $0 | - | - |
| Purchase Of Business | $0 | $-257,000 | $0 | $0 |
| Net Intangibles Purchase And Sale | $-27,000 | $-20,000 | $0 | $0 |
| Purchase Of Intangibles | $-27,000 | $-20,000 | $0 | $0 |
| Net PPE Purchase And Sale | $-88,000 | $-141,000 | $-8,000 | $-17,000 |
| Purchase Of PPE | $-88,000 | $-141,000 | $-8,000 | $-17,000 |
| Change In Working Capital | $4,154,000 | $-5,722,000 | $-1,828,000 | $-5,048,000 |
| Change In Other Current Liabilities | $-24,000 | $13,000 | $176,000 | $-171,000 |
| Change In Payables And Accrued Expense | $148,000 | $-1,111,000 | $-852,000 | $-4,637,000 |
| Change In Accrued Expense | $292,000 | $69,000 | $89,000 | $53,000 |
| Change In Payable | $-144,000 | $-1,180,000 | $-941,000 | $-4,690,000 |
| Change In Account Payable | $-89,000 | $-1,235,000 | $-941,000 | $-4,690,000 |
| Change In Tax Payable | $-55,000 | $55,000 | $0 | $0 |
| Change In Income Tax Payable | $-55,000 | $55,000 | $0 | $0 |
| Change In Prepaid Assets | $600,000 | $-2,118,000 | $-123,000 | $-51,000 |
| Change In Receivables | $3,430,000 | $-2,386,000 | $-1,149,000 | $-189,000 |
| Changes In Account Receivables | $2,770,000 | $-2,038,000 | $-1,050,000 | $-79,000 |
| Other Non Cash Items | $264,000 | $-26,000 | $168,000 | $171,000 |
| Stock Based Compensation | $3,312,000 | $3,810,000 | $0 | $0 |
| Provisionand Write Offof Assets | $-502,000 | $854,000 | $18,000 | $99,000 |
| Depreciation Amortization Depletion | $99,000 | $30,000 | $18,000 | $19,000 |
| Depreciation And Amortization | $99,000 | $30,000 | $18,000 | $19,000 |
| Amortization Cash Flow | $18,000 | $7,000 | $0 | $0 |
| Amortization Of Intangibles | $18,000 | $7,000 | $0 | $0 |
| Depreciation | $81,000 | $23,000 | $18,000 | $19,000 |
| Earnings Losses From Equity Investments | $54,000 | $3,000 | $0 | $0 |
| Gain Loss On Sale Of Business | $100,000 | $0 | $0 | - |
| Net Income From Continuing Operations | $-8,538,000 | $-4,556,000 | $1,349,000 | $-979,000 |
| Interest Paid Supplemental Data | - | $0 | $0 | $229,000 |
| Change In Other Working Capital | - | $-120,000 | $120,000 | - |
| Gain Loss On Sale Of PPE | - | - | - | $0 |
Fetched: 2026-06-15