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MARKETS / NASDAQ / SWVL
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · SMALL CAP

Swvl Holdings Corp. SWVL

7 fiscal years on record · USD · FY2024 reported · SEC filings only
$17.2M
▼ 24.7% YoY
$-10.3M
▼ 438.3% YoY
In brief

What this company does

We currently operate in Egypt, KSA, UAE, U.K. and Kuwait, with our employees working out of these countries in addition to Pakistan and India. Our business was founded on February 8, 2017 by Mostafa Kandil, our Chief Executive Officer, Mahmoud Nouh and Ahmed Sabbah. We launched our first commuter services in Cairo, Egypt in March 2017, before expanding to Alexandria, Egypt the same year. In October 2024, we launched our regional headquarters in Riyadh, Saudi Arabia. In June 2025 we expanded our operations into the UK and in January 2026 we launched operations in Kuwait.

Written from the business description in Swvl Holdings Corp's annual report to the U.S. Securities and Exchange Commission, filed 20 April 2026. Every sentence was checked against that document before publication.

Growth
USD 17.2M
Revenue, FY2024 · full 7-year series below
Revenue $M Net income $M
FY2024 · Revenue 17.2 · Net income -10.3
20M40M-50M-100M2018201920202021202220232024
Compound annual growth
−12.4%
+6.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.9% a year over five years.

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
−60 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -49.3% · Net -59.7%
100%200%300%-200%-400%2018201920202021202220232024
ROE
FY2024 · ROE -184.0%
10%20%30%-50%-100%-150%2018201920202021202220232024

Each USD of equity lost 184 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF -9.1
-40M-80M2018201920202021202220232024

Total assetsUSD 16.4M
EquityUSD 2.3M
CashUSD 5.0M
Gross debtUSD 158,203.00
Net debtUSD -4.8M

The company holds more cash than debt.

The 7-year record
7 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 2024202320222021202020192018
Revenue $B0.00.00.00.00.00.0·
Operating income $B−0.00.0−0.1−0.1−0.00.0·
EBITDA $B·······
Income tax $B·−0.0−0.0−0.0−0.00.0·
Net income $B−0.00.0−0.1−0.1−0.00.00.0
Free cash flow $B·−0.0−0.1−0.1−0.0−0.0·
EPS, diluted $−1.190.28−18.21−20.92−0.36809.00·
Dividend / sh $·······
Payout %·······
ROE %−184.038.8··−161.5··
Shares out B0.010.010.14·0.000.00·

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 25 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 70 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D8
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2018

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