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MARKETS / NASDAQ / AXG
NASDAQ · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · SMALL CAP

Solowin Holdings, Ltd. AXG

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$593,000
▼ 9.5% YoY
$-13.3M
$-15.5M
In brief

What this company does

Tracing its operating history to 2016 through its Hong Kong subsidiary Solomon JFZ, the Company combines blockchain and artificial intelligence technologies to operate a fully compliant, dual-token digital economy platform. Guided by our mission, “Mobilizing Tokens 24/7,” we focus on tokenization and operate two core business pillars: Digital Asset Tokens and AI Tokens. Our offerings, delivered principally through our subsidiaries — including Solomon JFZ, Solomon Wealth, AlloyX Group, and AX Coin Bahrain — span regulated stablecoin issuance and payments, asset tokenization, securities trading and asset management, and AI-powered enterprise services. This evolution transformed the Company from a Hong Kong–centric securities and virtual asset services firm into a global, dual-pillar digital economy infrastructure platform encompassing regulated stablecoin issuance, digital currency treasury and payment infrastructure, real-world asset (“RWA”) tokenization, full-licensed brokerage and asset management, and enterprise-grade AI services.

Written from the business description in Solowin Holdings, Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 3 August 2026. Every sentence was checked against that document before publication.

Growth
USD 593,000.00
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.6 · Net income -13.3
2M-5M-10M20212022202320242025
Compound annual growth
+15.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−2222 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2240.8% · Net -2221.6%
100%200%300%-1000%-2000%20212022202320242025
ROE
FY2025 · ROE -88.9%
20%40%-50%-100%20212022202320242025

Each USD of equity lost 89 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -15.5
-8M20212022202320242025

Total assetsUSD 50.7M
EquityUSD 25.2M
CashUSD 16.8M
Current ratio1.55×

Equity funds 50% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.00.00.00.00.0
Operating income $B−0.0−0.0−0.00.00.0
EBITDA $B−0.0−0.0−0.00.00.0
Income tax $B·0.00.0··
Net income $B−0.0−0.0−0.00.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.11−0.53−0.330.11−0.09
Dividend / sh $·····
Payout %·····
ROE %−88.9−125.1−74.350.5−48.9
Shares out B··0.020.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 19 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsMarch 31
SEC categoryemerging growth company
Data on record since2021

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