AXG
Solowin Holdings
Price Chart
Latest Quote
$2.24
+0.01 (+0.45%)
Current Price
| Previous Close | $2.23 |
| Open | $2.29 |
| Day High | $2.34 |
| Day Low | $2.23 |
| Volume | 121,103 |
Stock Information
| Shares Outstanding | 161.73M |
| Total Debt | $7.69M |
| Cash Equivalents | $16.80M |
| Revenue | $27.59M |
| Net Income | $-13.17M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $432.55M |
| EPS (TTM) | $-0.11 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $423.37M |
| Sales | $27.59M |
| Income | $-13.17M |
| Book/sh | $0.13 |
| Cash/sh | $0.10 |
| Employees | 80 |
Financial Ratios
| Quick Ratio | 1.44 |
| Current Ratio | 1.55 |
| Debt/Eq | 30.61 |
Returns & Margins
| ROA | -42.17% |
| ROE | -89.06% |
| Gross Margin | 98.18% |
| Operating Margin | 37.97% |
| Profit Margin | -47.74% |
Ownership
| Insider Ownership | 87.03% |
| Institutional Ownership | 0.85% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 15.68 |
| P/B | 16.84 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $2.59 |
| SMA50 | $2.98 |
| SMA200 | $3.52 |
| RSI | 32.26 |
| ATR | 0.1188 |
| Shares Float | 55.62M |
| Short Float | 2.08% |
| Short Ratio | 3.03 |
| Volatility | -0.06 |
| Rel Volume | 0.59 |
Performance History
| Week | -10.40% |
| Month | -26.32% |
| Quarter | -35.45% |
| 6 Months | -39.78% |
| YTD | -45.10% |
| Year | -42.86% |
| 10 Years | -63.16% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-08-31 | $2.24 | 121,200 |
| 2026-08-27 | $2.25 | 92,700 |
| 2026-08-26 | $2.37 | 930,700 |
| 2026-08-25 | $2.34 | 69,300 |
| 2026-08-24 | $2.36 | 322,100 |
| 2026-08-21 | $2.50 | 79,400 |
| 2026-08-20 | $2.55 | 711,100 |
| 2026-08-19 | $2.51 | 98,800 |
| 2026-08-18 | $2.56 | 82,300 |
| 2026-08-17 | $2.65 | 122,700 |
| 2026-08-14 | $2.70 | 29,600 |
| 2026-08-13 | $2.76 | 64,600 |
| 2026-08-12 | $2.80 | 123,300 |
| 2026-08-11 | $2.60 | 56,600 |
| 2026-08-10 | $2.57 | 81,000 |
| 2026-08-07 | $2.60 | 148,800 |
| 2026-08-06 | $2.76 | 149,400 |
| 2026-08-05 | $2.78 | 292,600 |
| 2026-08-04 | $2.97 | 332,600 |
| 2026-08-03 | $3.02 | 184,300 |
About Solowin Holdings
Solowin Holdings, an investment holding company, operates as a fintech company in Hong Kong. The company offers AX COIN, an enterprise-grade stablecoin issuance for regulated stablecoin issuance and B2B infrastructure for payments, treasury management, and tokenized assets settlement; Solomon VA+ platform for trading listed securities and derivative products; and trust services, company secretarial services, and related corporate administration solutions. It also provides FERION, an end-to-end RWA tokenization platform to tokenize traditional financial and real-world assets for financial institutions, asset managers, and corporations; AX ONE, an institutional-grade digital currency treasury center and payment infrastructure; KOVAR, an AI and Web4.0 infrastructure platform, such as KYA to identity, permission, behavior, and risk governance layer for AI agents operating in Web3 and enterprise environments; and KovaRouter, an enterprise AI model aggregation and intelligent routing platform. In addition, the company offers AgenPay, an AI-native payment layer for agentic payment infrastructure; AgentX, an AI-powered digital asset management platform; cross-border payment and settlement; private wealth management; end-to-end RWA tokenization, including structuring, issuance, and distribution; and treasury, custody, and payment orchestration, conversion and smart routing, and card programs. Further, it is involved in underwriting initial public offerings and facilitating SPAC mergers; provision of follow-ons, private placement, debt financing, and financial advisory solutions; securities brokerage and integrated investment solutions; and investment funds and managed accounts. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.
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Income Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $6,098,000 | $2,705,000 | $1,210,000 | $1,265,000 |
| Cost Of Revenue | $6,098,000 | $2,705,000 | $1,210,000 | $1,265,000 |
| Total Revenue | $28,055,000 | $2,865,000 | $4,320,000 | $4,453,000 |
| Operating Revenue | $28,055,000 | $2,865,000 | $4,320,000 | $4,453,000 |
| Expenses | ||||
| Interest Expense | $0 | $5,000 | $0 | $0 |
| Total Expenses | $41,013,000 | $11,241,000 | $8,718,000 | $3,116,000 |
| Other Income Expense | $-330,000 | $-138,000 | $-3,000 | $12,000 |
| Other Non Operating Income Expenses | $-147,000 | $2,000 | - | $1,000 |
| Net Non Operating Interest Income Expense | $0 | $-5,000 | $0 | $0 |
| Interest Expense Non Operating | $0 | $5,000 | $0 | $0 |
| Operating Expense | $34,915,000 | $8,536,000 | $7,508,000 | $1,851,000 |
| Other Operating Expenses | $25,330,000 | $1,927,000 | $722,000 | $617,000 |
| Selling And Marketing Expense | $863,000 | $1,006,000 | $927,000 | $444,000 |
| General And Administrative Expense | $8,269,000 | $6,105,000 | $5,005,000 | $772,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-13,174,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Net Interest Income | $0 | $-5,000 | $0 | $0 |
| Normalized Income | $-12,961,000 | $-8,466,190 | $-4,556,000 | $1,338,000 |
| Net Income From Continuing And Discontinued Operation | $-13,174,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Net Income Common Stockholders | $-13,174,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Net Income | $-13,174,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Net Income Including Noncontrolling Interests | $-13,288,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Net Income Continuous Operations | $-13,288,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Pretax Income | $-13,288,000 | $-8,519,000 | $-4,401,000 | $1,349,000 |
| Special Income Charges | $0 | $-100,000 | $0 | $0 |
| Earnings From Equity Interest | $30,000 | $-54,000 | $-3,000 | $0 |
| Operating Income | $-12,958,000 | $-8,376,000 | $-4,398,000 | $1,337,000 |
| Gross Profit | $21,957,000 | $160,000 | $3,110,000 | $3,188,000 |
| Interest Income | - | - | $29,000 | $0 |
| Interest Income Non Operating | - | - | $29,000 | $0 |
| Per Share | ||||
| Diluted EPS | $-0.11 | $-0.53 | $-0.33 | $0.11 |
| Basic EPS | $-0.11 | $-0.53 | $-0.33 | $0.11 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $-14,190 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-12,937,000 | $-8,329,000 | $-4,371,000 | $1,356,000 |
| Total Unusual Items | $-213,000 | $-86,000 | $0 | $11,000 |
| Total Unusual Items Excluding Goodwill | $-213,000 | $-86,000 | $0 | $11,000 |
| Reconciled Depreciation | $138,000 | $99,000 | $30,000 | $18,000 |
| EBITDA (Bullshit earnings) | $-13,150,000 | $-8,415,000 | $-4,371,000 | $1,367,000 |
| EBIT | $-13,288,000 | $-8,514,000 | $-4,401,000 | $1,349,000 |
| Diluted Average Shares | $124,898,113 | $16,127,380 | $13,724,658 | $14,000,000 |
| Basic Average Shares | $124,898,113 | $16,127,380 | $13,724,658 | $12,000,000 |
| Diluted NI Availto Com Stockholders | $-13,174,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Minority Interests | $114,000 | $0 | $0 | - |
| Tax Provision | $0 | $19,000 | $155,000 | $0 |
| Gain On Sale Of Business | $0 | $-100,000 | $0 | $0 |
| Gain On Sale Of Security | $-213,000 | $14,000 | - | $11,000 |
| Provision For Doubtful Accounts | $453,000 | $-502,000 | $854,000 | $18,000 |
| Selling General And Administration | $9,132,000 | $7,111,000 | $5,932,000 | $1,216,000 |
| Other Gand A | $4,902,000 | $6,046,000 | $1,157,000 | $728,000 |
| Salaries And Wages | $3,367,000 | $59,000 | $3,848,000 | $31,000 |
| Insurance And Claims | - | $137,000 | $86,000 | $13,000 |
Fetched: 2026-08-31
Balance Sheet (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $24,520,000 | $4,645,000 | $8,847,000 | $3,277,000 |
| Total Assets | $50,706,000 | $12,308,000 | $15,401,000 | $10,227,000 |
| Total Non Current Assets | $13,047,000 | $2,651,000 | $2,606,000 | $503,000 |
| Non Current Prepaid Assets | $1,632,000 | $1,369,000 | $1,068,000 | $156,000 |
| Goodwill And Other Intangible Assets | $654,000 | $86,000 | $77,000 | $64,000 |
| Other Intangible Assets | $607,000 | $86,000 | $77,000 | $64,000 |
| Current Assets | $37,659,000 | $9,657,000 | $12,795,000 | $9,724,000 |
| Other Current Assets | $65,000 | $7,000 | $7,000 | $9,000 |
| Restricted Cash | $2,244,000 | $5,019,000 | $5,111,000 | $5,589,000 |
| Prepaid Assets | $314,000 | $520,000 | $1,385,000 | $161,000 |
| Receivables | $14,382,000 | $273,000 | $4,152,000 | $1,697,000 |
| Receivables Adjustments Allowances | $-74,000 | $0 | - | - |
| Other Receivables | $878,000 | $19,000 | $664,000 | $303,000 |
| Accounts Receivable | $11,596,000 | $192,000 | $2,888,000 | $1,279,000 |
| Allowance For Doubtful Accounts Receivable | $-929,000 | $-501,000 | $-575,000 | $-223,000 |
| Gross Accounts Receivable | $12,525,000 | $693,000 | $3,463,000 | $1,502,000 |
| Cash Cash Equivalents And Short Term Investments | $20,654,000 | $3,838,000 | $2,140,000 | $1,925,000 |
| Cash And Cash Equivalents | $16,804,000 | $3,838,000 | $2,140,000 | $1,925,000 |
| Loans Receivable | - | $0 | $574,000 | $0 |
| Current Deferred Assets | - | - | $0 | $343,000 |
| Debt | ||||
| Total Debt | $7,686,000 | $1,080,000 | $1,070,000 | $251,000 |
| Long Term Debt And Capital Lease Obligation | $1,232,000 | $83,000 | $439,000 | $95,000 |
| Current Debt And Capital Lease Obligation | $6,454,000 | $997,000 | $631,000 | $156,000 |
| Current Debt | $5,232,000 | $420,000 | - | - |
| Other Current Borrowings | $5,232,000 | $420,000 | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $25,595,000 | $7,577,000 | $6,477,000 | $6,886,000 |
| Total Non Current Liabilities Net Minority Interest | $1,232,000 | $83,000 | $439,000 | $95,000 |
| Current Liabilities | $24,363,000 | $7,494,000 | $6,038,000 | $6,791,000 |
| Payables And Accrued Expenses | $17,909,000 | $6,497,000 | $5,407,000 | $6,515,000 |
| Interest Payable | $0 | $5,000 | $0 | - |
| Payables | $15,506,000 | $5,973,000 | $5,175,000 | $6,352,000 |
| Other Payable | $10,449,000 | - | - | - |
| Accounts Payable | $2,837,000 | $5,022,000 | $5,111,000 | $6,346,000 |
| Total Tax Payable | - | $0 | $55,000 | $0 |
| Income Tax Payable | - | $0 | $55,000 | $0 |
| Current Deferred Liabilities | - | - | $0 | $120,000 |
| Equity | ||||
| Common Stock Equity | $25,174,000 | $4,731,000 | $8,924,000 | $3,341,000 |
| Total Equity Gross Minority Interest | $25,111,000 | $4,731,000 | $8,924,000 | $3,341,000 |
| Stockholders Equity | $25,174,000 | $4,731,000 | $8,924,000 | $3,341,000 |
| Gains Losses Not Affecting Retained Earnings | $21,000 | $32,000 | $-1,000 | $-17,000 |
| Other Equity Adjustments | $21,000 | $32,000 | $-1,000 | $-17,000 |
| Retained Earnings | $-27,696,000 | $-14,522,000 | $-5,984,000 | $-1,428,000 |
| Long Term Equity Investment | $8,024,000 | $368,000 | $254,000 | $0 |
| Investments In Other Ventures Under Equity Method | $494,000 | $368,000 | $0 | - |
| Other | ||||
| Ordinary Shares Number | $188,953,827 | $16,480,000 | $15,500,000 | $14,000,000 |
| Share Issued | $188,953,827 | $16,480,000 | $15,500,000 | $14,000,000 |
| Tangible Book Value | $24,520,000 | $4,645,000 | $8,847,000 | $3,277,000 |
| Invested Capital | $30,406,000 | $5,151,000 | $8,924,000 | $3,341,000 |
| Working Capital | $13,296,000 | $2,163,000 | $6,757,000 | $2,933,000 |
| Capital Lease Obligations | $2,454,000 | $660,000 | $1,070,000 | $251,000 |
| Total Capitalization | $25,174,000 | $4,731,000 | $8,924,000 | $3,341,000 |
| Minority Interest | $-63,000 | $0 | - | - |
| Additional Paid In Capital | $52,830,000 | $19,219,000 | $14,908,000 | $4,785,000 |
| Capital Stock | $19,000 | $2,000 | $1,000 | $1,000 |
| Common Stock | $19,000 | $2,000 | $1,000 | $1,000 |
| Long Term Capital Lease Obligation | $1,232,000 | $83,000 | $439,000 | $95,000 |
| Current Capital Lease Obligation | $1,222,000 | $577,000 | $631,000 | $156,000 |
| Current Accrued Expenses | $2,403,000 | $524,000 | $232,000 | $163,000 |
| Dueto Related Parties Current | $2,220,000 | $951,000 | $9,000 | $6,000 |
| Investments And Advances | $8,024,000 | $368,000 | $254,000 | $0 |
| Investmentsin Associatesat Cost | $7,530,000 | $0 | $254,000 | $0 |
| Goodwill | $47,000 | $0 | - | - |
| Net PPE | $2,737,000 | $828,000 | $1,207,000 | $283,000 |
| Accumulated Depreciation | $-1,312,000 | $-1,459,000 | $-709,000 | $-51,000 |
| Gross PPE | $4,049,000 | $2,287,000 | $1,916,000 | $334,000 |
| Leases | $352,000 | $167,000 | $106,000 | $33,000 |
| Machinery Furniture Equipment | $261,000 | $145,000 | $118,000 | $50,000 |
| Buildings And Improvements | $3,436,000 | $1,975,000 | $1,692,000 | $251,000 |
| Properties | $0 | $0 | $0 | $0 |
| Duefrom Related Parties Current | $1,982,000 | $62,000 | $26,000 | $115,000 |
| Other Short Term Investments | $3,850,000 | $0 | - | - |
| Current Deferred Revenue | - | - | $0 | $120,000 |
Fetched: 2026-08-31
Cash Flow Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-16,061,000 | $-1,172,000 | $-5,768,000 | $-451,000 |
| Operating Activities | ||||
| Operating Cash Flow | $-15,335,000 | $-1,057,000 | $-5,607,000 | $-443,000 |
| Cash Flow From Continuing Operating Activities | $-15,335,000 | $-1,057,000 | $-5,607,000 | $-443,000 |
| Operating Gains Losses | $-18,000 | $154,000 | $3,000 | - |
| Investing Activities | ||||
| Capital Expenditure | $-726,000 | $-115,000 | $-161,000 | $-8,000 |
| Investing Cash Flow | $4,452,000 | $287,000 | $-1,376,000 | $225,000 |
| Cash Flow From Continuing Investing Activities | $4,452,000 | $287,000 | $-1,376,000 | $225,000 |
| Net Other Investing Changes | - | $1,010,000 | $-958,000 | $233,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $0 | $1,000,000 | $7,065,000 | $0 |
| Financing Cash Flow | $21,074,000 | $2,376,000 | $6,720,000 | $-341,000 |
| Cash Flow From Continuing Financing Activities | $21,074,000 | $2,376,000 | $6,720,000 | $-341,000 |
| Net Other Financing Charges | $16,074,000 | $956,000 | $-345,000 | $-341,000 |
| Net Common Stock Issuance | $0 | $1,000,000 | $7,065,000 | $0 |
| Common Stock Issuance | $0 | $1,000,000 | $7,065,000 | $0 |
| Other | ||||
| Issuance Of Debt | $5,000,000 | $420,000 | $0 | $0 |
| Income Tax Paid Supplemental Data | $0 | $74,000 | $101,000 | $0 |
| End Cash Position | $19,048,000 | $8,857,000 | $7,251,000 | $7,514,000 |
| Beginning Cash Position | $8,857,000 | $7,251,000 | $7,514,000 | $8,073,000 |
| Changes In Cash | $10,191,000 | $1,606,000 | $-263,000 | $-559,000 |
| Net Issuance Payments Of Debt | $5,000,000 | $420,000 | $0 | $0 |
| Net Long Term Debt Issuance | $5,000,000 | $420,000 | $0 | $0 |
| Long Term Debt Issuance | $5,000,000 | $420,000 | $0 | $0 |
| Net Investment Purchase And Sale | $-126,000 | $-658,000 | $0 | $0 |
| Purchase Of Investment | $-126,000 | $-658,000 | $0 | $0 |
| Net Business Purchase And Sale | $5,304,000 | $50,000 | $-257,000 | $0 |
| Sale Of Business | $5,304,000 | $50,000 | $0 | - |
| Purchase Of Business | $0 | $0 | $-257,000 | $0 |
| Net Intangibles Purchase And Sale | $-540,000 | $-27,000 | $-20,000 | $0 |
| Purchase Of Intangibles | $-540,000 | $-27,000 | $-20,000 | $0 |
| Net PPE Purchase And Sale | $-186,000 | $-88,000 | $-141,000 | $-8,000 |
| Purchase Of PPE | $-186,000 | $-88,000 | $-141,000 | $-8,000 |
| Change In Working Capital | $-6,073,000 | $4,154,000 | $-5,722,000 | $-1,828,000 |
| Change In Other Working Capital | $2,188,000 | - | $-120,000 | $120,000 |
| Change In Other Current Liabilities | $26,000 | $-24,000 | $13,000 | $176,000 |
| Change In Payables And Accrued Expense | $10,136,000 | $148,000 | $-1,111,000 | $-852,000 |
| Change In Accrued Expense | $1,872,000 | $292,000 | $69,000 | $89,000 |
| Change In Payable | $8,264,000 | $-144,000 | $-1,180,000 | $-941,000 |
| Change In Account Payable | $-2,185,000 | $-89,000 | $-1,235,000 | $-941,000 |
| Change In Tax Payable | $0 | $-55,000 | $55,000 | $0 |
| Change In Income Tax Payable | $0 | $-55,000 | $55,000 | $0 |
| Change In Prepaid Assets | $-1,931,000 | $600,000 | $-2,118,000 | $-123,000 |
| Change In Receivables | $-16,492,000 | $3,430,000 | $-2,386,000 | $-1,149,000 |
| Changes In Account Receivables | $-15,776,000 | $2,770,000 | $-2,038,000 | $-1,050,000 |
| Other Non Cash Items | $232,000 | $264,000 | $-26,000 | $168,000 |
| Stock Based Compensation | $3,221,000 | $3,312,000 | $3,810,000 | $0 |
| Provisionand Write Offof Assets | $453,000 | $-502,000 | $854,000 | $18,000 |
| Depreciation Amortization Depletion | $138,000 | $99,000 | $30,000 | $18,000 |
| Depreciation And Amortization | $138,000 | $99,000 | $30,000 | $18,000 |
| Amortization Cash Flow | $7,000 | $18,000 | $7,000 | $0 |
| Amortization Of Intangibles | $7,000 | $18,000 | $7,000 | $0 |
| Depreciation | $131,000 | $81,000 | $23,000 | $18,000 |
| Earnings Losses From Equity Investments | $-30,000 | $54,000 | $3,000 | $0 |
| Gain Loss On Sale Of PPE | $12,000 | $0 | $0 | - |
| Gain Loss On Sale Of Business | $0 | $100,000 | $0 | $0 |
| Net Income From Continuing Operations | $-13,288,000 | $-8,538,000 | $-4,556,000 | $1,349,000 |
| Interest Paid Supplemental Data | - | - | $0 | $0 |
Fetched: 2026-08-31