Security
AXG · Solowin Holdings, Ltd.
AXGNASDAQCommon stockCurrentCIK 1959224Updated Sep 24, 2026
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SOLOWIN HOLDINGS Reports Unaudited Financial Results for First Half of Fiscal Year 2026 News provided by SOLOWIN HOLDINGS Jan 09, 2026, 16:30 ET Share this article Share to X Share this article Share to X Revenue Soars 453% As Global Expansion Accelerates HONG KONG , Jan. 9, 2026 /PRNewswire/ -- SO ↗
Recent filings
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Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 50,706,000Source | 12,308,000Source | 15,401,000Source |
| Property, Plant and Equipment, NetUSD | 319,000Source | 157,000Source | 150,000Source |
| GoodwillUSD | 47,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 607,000Source | 86,000Source | 77,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 16,804,000Source | 3,838,000Source | 2,140,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 220,000Source |
| Assets, CurrentUSD | 37,659,000Source | 9,657,000Source | 12,795,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,323,000Source | 577,000Source | 1,392,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,418,000Source | 671,000Source | 1,057,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 25,595,000Source | 7,577,000Source | 6,477,000Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | — | — | 1,000Source |
| Additional Paid in CapitalUSD | — | — | 14,908,000Source |
| Retained Earnings (Accumulated Deficit)USD | -27,696,000Source | -14,522,000Source | -5,984,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 21,000Source | 32,000Source | -1,000Source |
| Stockholders' Equity Attributable to ParentUSD | 25,174,000Source | 4,731,000Source | 8,924,000Source |
| Additional Paid in Capital, Common StockUSD | 52,830,000Source | 19,219,000Source | — |
| Liabilities and EquityUSD | 50,706,000Source | 12,308,000Source | 15,401,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 24,363,000Source | 7,494,000Source | 6,038,000Source |
| Operating Lease, Liability, CurrentUSD | 1,222,000Source | 577,000Source | 631,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,232,000Source | 83,000Source | 439,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -63,000Source | — | — |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -13,174,000Source | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 131,000Source | 99,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,221,000Source | 3,312,000Source | 3,810,000Source |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts PayableUSD | -2,185,000Source | -89,000Source | -1,235,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -15,335,000Source | -1,057,000Source | -5,607,000Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 4,452,000Source | 287,000Source | -1,376,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 186,000Source | 88,000Source | 141,000Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 21,074,000Source | 2,376,000Source | 6,720,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 19,048,000Source | 8,857,000Source | 7,251,000Source |
| Supplemental disclosure of cash flow information: | |||
| Income Taxes Paid, NetUSD | 7,000Source | — | — |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 3,221,000Source | — | 3,810,000Source |
| Amortization of Intangible AssetsUSD | 7,000Source | 18,000Source | 7,000Source |
| DepreciationUSD | 131,000Source | 81,000Source | 23,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 7,500,000Source | — | 257,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 19,000Source | 14,000Source | — |
| Gain (Loss) on Disposition of Intangible AssetsUSD | -12,000Source | -100,000Source | — |
| Gain (Loss) on Disposition of BusinessUSD | — | -100,000Source | — |
| General and Administrative ExpenseUSD | 1,688,000Source | 7,584,000Source | 1,852,000Source |
| GoodwillUSD | 47,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | 19,000Source | 155,000Source |
| InterestExpenseNonoperatingUSD | — | 5,000Source | — |
| Investment Income, InterestUSD | 7,000Source | 46,000Source | 29,000Source |
| Net Income (Loss) Attributable to ParentUSD | -13,288,000Source | -8,538,000Source | -4,556,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 114,000Source | — | — |
| Nonoperating Income (Expense)USD | -284,000Source | -387,000Source | 32,000Source |
| Operating ExpensesUSD | 41,052,000Source | 10,951,000Source | 8,724,000Source |
| Operating Lease, ExpenseUSD | — | — | 257,000Source |
| Other Nonoperating Income (Expense)USD | -321,000Source | -387,000Source | 3,000Source |
| Payments to Acquire InvestmentsUSD | — | — | 500,000,000Source |
| Proceeds from Contributed CapitalUSD | 16,878,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | 1,000,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 593,000Source | 655,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 290,000Source | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total RevenueUSD | 28,048,000Source | 2,819,000Source | 4,291,000Source |
| Operating Income (Loss)USD | — | — | 3,000Source |
| Other Nonoperating Income (Expense)USD | -321,000Source | -387,000Source | 3,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -13,288,000Source | -8,519,000Source | -4,401,000Source |
| Income Tax Expense (Benefit)USD | — | 19,000Source | 155,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 114,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -13,288,000Source | -8,538,000Source | -4,556,000Source |
| Earnings Per Share, BasicUSD per share | -0.11Source | -0.53Source | -0.33Source |
| Earnings Per Share, DilutedUSD per share | -0.11Source | -0.53Source | -0.33Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 124,898,113Source | 16,127,380Source | 13,724,658Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 124,898,113Source | 16,127,380Source | 13,724,658Source |
| Interest Expense (non-operating)USD | — | 5,000Source | — |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 7,000Source | 18,000Source | 7,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 19,000Source | 14,000Source | — |
| General and Administrative ExpenseUSD | 1,688,000Source | 7,584,000Source | 1,852,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | -4,401,000Source |
| Interest Income, OperatingUSD | — | — | 29,000Source |
| Interest Income, OtherUSD | — | 26,000Source | 26,000Source |
| Investment Income, InterestUSD | 7,000Source | 46,000Source | 29,000Source |
| Labor and Related ExpenseUSD | — | 271,000Source | — |
| Marketing and Advertising ExpenseUSD | 863,000Source | 1,006,000Source | 927,000Source |
| Nonoperating Income (Expense)USD | -284,000Source | -387,000Source | 32,000Source |
| Operating ExpensesUSD | 41,052,000Source | 10,951,000Source | 8,724,000Source |
| Operating Lease, ExpenseUSD | — | — | 257,000Source |
| Other General and Administrative ExpenseUSD | — | 969,000Source | 383,000Source |
| Other IncomeUSD | -321,000Source | 16,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 593,000Source | 655,000Source | — |
| Selling and Marketing ExpenseUSD | — | 1,480,000Source | 927,000Source |