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Friday 6 November 2026
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Solowin Holdings
Solowin Holdings' revenue for fiscal 2026 (year ended March 2026) was $28.0 million, up 895.0% from fiscal 2025.
1.30
0.10
−7.14%
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Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 3 | 3 | 4 | 4 | 3 | 28 | +53.8% | 7 | — | — | (76.7%) | |
| Gross margin, % | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | — | — | — | — | (1) | (3) | 1 | (4) | (9) | (13) | +68.5% | ||||||
| EBT margin, % | — | — | — | — | (30.07) | 0.00 | 30.29 | (102.56) | (302.20) | (47.38) | (17.3) pt | ||||||
| Net income | — | — | — | — | 0 | 0 | 1 | (5) | (9) | (13) | n/m | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 62.86 | 74.22 | 62.55 | 34.98 | 44.91 | n/m | |||||
| Earnings | — | — | — | — | — | (18.89) | 22.48 | (66.39) | (105.88) | (21.28) | +3.0% | ||||||
| Cash flow | — | — | — | — | — | (110.77) | (7.38) | (81.73) | (13.11) | (24.56) | (31.4%) | ||||||
| Capex | — | — | — | — | — | (0.33) | (0.13) | (2.35) | (1.43) | (1.16) | +37.2% | ||||||
| Free cash flow | — | — | — | — | — | (111.10) | (7.52) | (84.08) | (14.54) | (25.72) | (30.6%) | ||||||
| Book value | — | — | — | — | 0.00 | 38.61 | 55.68 | 130.09 | 58.70 | 40.21 | n/m | ||||||
| Shares, m | — | — | — | — | — | 0 | 0 | 0 | 0 | 1 | +86.3% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | — | — | ||||||
| P/B | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.48 | 0.98 | 0.85 | 0.4 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (6) | 0 | (6) | (1) | (15) | +27.9% | |||||
| Capex | — | — | — | — | — | 0 | 0 | 0 | 0 | (1) | +155.6% | ||||||
| Free cash flow | — | — | — | — | — | (6) | 0 | (6) | (1) | (16) | +29.3% | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 2 | 2 | 3 | 7 | 2 | 13 | +52.0% | |||||
| Net debt | — | — | — | — | (8) | (8) | (7) | (7) | (8) | (18) | +17.2% | ||||||
| Shareholders’ equity | — | — | — | — | 2 | 2 | 3 | 9 | 5 | 25 | +65.9% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 24.18 | 22.63 | (35.55) | (61.63) | (41.81) | (41.8) pt | |||||
| ROIC | — | — | — | — | 0.00 | 0.00 | 0.00 | (131.10) | 0.00 | (111.41) | (111.4) pt | ||||||
| ROE | — | — | — | — | 0.00 | 0.00 | 50.51 | (74.29) | (125.05) | (88.29) | (88.3) pt | ||||||
| People | |||||||||||||||||
| People | Employees | — | — | — | — | — | — | 16 | 25 | 33 | 80 | +71.0% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.28 | 0.17 | 0.09 | 0.35 | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · fundamentals updated 2 Nov 2026
Solowin Holdings vs peers in Capital Markets (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NCPL Netcapital Inc. | $10.2M | — (loss-making) | — | −38.24% (below 0%: shrinking) | n/m | +25.34% (above 0%: growing) | 98.09% | (2,305.73%) | Compare |
| MEGL Magic Empire Global Limited | $8.0M | — | — | — | — | — | — | — | Compare |
| SOS SOS Limited Unsponsored ADR | $7.4M | — (loss-making) | — (loss-making) | −77.34% (below 0%: shrinking) | n/m | −15,151.10% (below 0%: shrinking) | 0.22% | 0.00% | Compare |
| SONM DNA X, Inc. | $3.4M | — (loss-making) | 4.0× | +7.94% (above 0%: growing) | n/m | +59.01% (above 0%: growing) | 0.00% | 0.00% | Compare |
| IPST IP Strategy Holdings, Inc. | $2.3M | — (loss-making) | 1.2× | −44.30% (below 0%: shrinking) | n/m | +92.71% (above 0%: growing) | 55.53% | (2,014.26%) | Compare |
| PMAX Powell Max Limited | $1.7M | — | — | — | — | — | — | — | Compare |
| AXG Solowin Holdings | $1.6M | — | — | — | — | −170.02% (below 0%: shrinking) | — | — | |
| ABTS Abits Group Inc. | $1.3M | — (loss-making) | — | +730.24% (above 0%: growing) | n/m | −226.47% (below 0%: shrinking) | 47.12% | (39.51%) | Compare |
| PWCM PowerCompute, Inc. | $1.2M | — (loss-making) | — (loss-making) | +9.77% (above 0%: growing) | n/m | −30.23% (below 0%: shrinking) | 25.76% | (182.14%) | Compare |
| Median of peers | $2.8M | — | — | −15.15% | — | −2.44% | 36.44% | (110.82%) |