Saturday 17 October 2026 Export AXG’s income statement to Excel — free account

Solowin Holdings

AXG Financial Capital Markets

Solowin Holdings' revenue for fiscal 2026 (year ended March 2026) was $28.0 million, up 895.0% from fiscal 2025.

0.09 0.00 0.00%

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Market cap: $19.4M
P/E: —
Fwd P/E: —
Dividend yield: —
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership —

Capital & Financial Ratios $m

Market Cap 19.35

Revenue —

Net Income (32.71)

Free Cash Flow (20.35)

Net Debt (17.82)

Current Ratio 1.55

Debt/Equity 0.05

P/E ratio —

Fwd P/E —

P/S ratio —

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (76.74%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2018	0.14	0.05 0.05 0.04
2017	0.19	0.04 0.05 0.05 0.05

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	8	7	9	19
Receivables	2	4	0	12
Inventory	—	—	—	—
Other	—	—	—	—
	10	13	10	38

	2023	2024	2025	2026
Payables	6	5	6	16
ST’ Debt	—	—	0	—
Other	0	—	—	—
	7	6	7	24

Compound Annual Growth %

	10y	5y	3y
Sales	—	53.83%	84.68%
Cash Flow	—	—	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	65.87%	95.88%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	28
’25	—	—	—	—	3
’24	—	—	—	—	4
’23	—	—	—	—	4
’22	—	—	—	—	3

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	(15)
’25	—	—	—	—	(1)
’24	—	—	—	—	(6)
’23	—	—	—	—	0

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	(16)	—	(4)	—	(16)
’25	(1)	—	1	—	(1)
’24	(6)	—	(2)	—	(6)
’23	0	—	—	—	0

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	(0.11)
’25	—	—	—	—	(0.53)
’24	—	—	—	—	(0.33)
’23	—	—	—	—	0.11

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	—	—	—	—	—	—	1.84	1.28	1.16	0.07	Analyst estimates 2027–2029 Powerpack
	High	—	—	—	—	—	—	12.74	72.55	5.09	4.75
People
People	Employees	—	—	—	—	—	—	16	25	33	80
	Revenue/emp, $m	—	—	—	—	0.00	0.00	0.28	0.17	0.09	0.35
Income, $m
Income, $m	Revenue	—	—	—	—	3	3	4	4	3	28
	Gross margin, %	—	—	—	—	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	—	—	—	—	(1)	(3)	1	(4)	(9)	(13)
	EBT margin, %	—	—	—	—	(30.07)	0.00	30.29	(102.56)	(302.20)	(47.38)
	Net income	—	—	—	—	0	0	1	(5)	(9)	(13)
	Depreciation	—	—	—	—	—	0	0	0	0	0
Per share, $
Per share, $	Revenue	—	—	—	—	0.00	0.31	0.37	0.31	0.17	0.22
	Earnings	—	—	—	—	—	(0.09)	0.11	(0.33)	(0.53)	(0.11)
	Cash flow	—	—	—	—	—	(0.55)	(0.04)	(0.41)	(0.07)	(0.12)
	Capex	—	—	—	—	—	0.00	0.00	(0.01)	(0.01)	(0.01)
	Free cash flow	—	—	—	—	—	(0.56)	(0.04)	(0.42)	(0.07)	(0.13)
	Book value	—	—	—	—	0.00	0.19	0.28	0.65	0.29	0.20
	Shares, m	—	—	—	—	—	10	12	14	16	125
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	—	—	—
	P/S	—	—	—	—	—	—	—	—	—	—
	P/B	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	EV/FCF	—	—	—	—	0.00	0.00	0.00	0.48	0.98	0.85
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	(6)	0	(6)	(1)	(15)
	Capex	—	—	—	—	—	0	0	0	0	(1)
	Free cash flow	—	—	—	—	—	(6)	0	(6)	(1)	(16)
Balance, $m
Balance, $m	Working capital	—	—	—	—	2	2	3	7	2	13
	Total debt	—	—	—	—	—	—	0	0	1	1
	Net debt	—	—	—	—	(8)	(8)	(7)	(7)	(8)	(18)
	Shareholders’ equity	—	—	—	—	2	2	3	9	5	25
Returns, %
Returns, %	ROA	—	—	—	—	0.00	24.18	22.63	(35.55)	(61.63)	(41.81)
	ROIC	—	—	—	—	0.00	0.00	0.00	(131.10)	0.00	(111.41)
	ROE	—	—	—	—	0.00	0.00	50.51	(74.29)	(125.05)	(88.29)

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BGDE Mawson Infrastructure Group Inc.	$30.9M	— (loss-making)	— (loss-making)	−35.46% (below 0%: shrinking)	n/m	−56.83% (below 0%: shrinking)	26.14%	(102.37%)	Compare
PLUT Plutus Financial Group Limited	$29.6M	—	—	—	—	—	—	—	Compare
FLD Fold Holdings, Inc.	$28.7M	— (loss-making)	— (loss-making)	−25.51% (below 0%: shrinking)	n/m	+812.60% (above 0%: growing)	3.98%	(127.57%)	Compare
ARBK Argo Blockchain PLC Sponsored ADR	$28.1M	— (loss-making)	— (loss-making)	−70.04% (below 0%: shrinking)	n/m	−128.72% (below 0%: shrinking)	(22.79%)	(57.47%)	Compare
ATCH AtlasClear Holdings, Inc.	$26.9M	13.4×	—	+136.82% (above 0%: growing)	n/m	−163.33% (below 0%: shrinking)	100.00%	(53.57%)	Compare
DRK Sphere 3D Corp.	$22.9M	— (loss-making)	— (loss-making)	−18.75% (below 0%: shrinking)	n/m	+12.31% (above 0%: growing)	6.73%	(563.70%)	Compare
MDBH MDB Capital Holdings, LLC	$20.6M	— (loss-making)	—	+70.95% (above 0%: growing)	n/m	−21.65% (below 0%: shrinking)	100.00%	1,110.51%	Compare
AXG Solowin Holdings	$19.4M	—	—	—	—	−170.02% (below 0%: shrinking)	—	—
NCPL Netcapital Inc.	$15.5M	— (loss-making)	—	−38.24% (below 0%: shrinking)	n/m	+25.34% (above 0%: growing)	98.09%	(2,305.73%)	Compare
Median of peers	$27.5M	—	—	−25.51%	—	−21.65%	26.14%	(102.37%)

All 93 Capital Markets stocks →

Solowin Holdings (AXG) key facts

Concern: Solowin Holdings reported a net loss of $13.3 million, or a loss of $0.11 per share, for fiscal 2026.
Strength: Solowin Holdings' revenue for fiscal 2026 (year ended March 2026) was $28.0 million, up 895.0% from fiscal 2025.
Solowin Holdings (AXG) is a Capital Markets company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, AXG traded at $0.09, a market capitalization of $19.4 million.
Return on equity was −88.3% and debt-to-equity 0.05.
Its Piotroski F-score is 3 out of 9 for fiscal 2026.