AXG revenueFY2026$28.05M
- FY YoY
- +895.0%
AXG revenue was $28.05M for fiscal 2026 (ended Mar 31, 2026), up 895.0% from fiscal 2025. It rose in 2 of the last 4 fiscal years. Fiscal 2026 is the highest of the 5 fiscal years on file.
Solowin Holdings (AXG) financials
For fiscal 2026 (ended Mar 31, 2026), Solowin Holdings reported $28.05M of revenue and -$13.29M of net income.
- Revenue, FY2026
- $28.05M
- Revenue growth, YoY
- +895.0%
- Net income, FY2026
- -$13.29M
- Net margin
- -47.4%
- Free cash flow, FY2026
- -$15.52M
- EPS, diluted, FY2026
- -$0.11
- Cash
- $16.80M
- P/S
- 0.05
- Market cap
- $1.4M
FY2022FY2026
FY2022FY2026
FY2022FY2026
AXG revenue and earnings growth
AXG net incomeFY2026-$13.29M
AXG net income was -$13.29M for fiscal 2026 (ended Mar 31, 2026), compared with -$8.54M in fiscal 2025.
AXG EPSFY2026-$0.11
AXG diluted EPS was -$0.11 for fiscal 2026 (ended Mar 31, 2026).
AXG free cash flowFY2026-$15.52M
AXG free cash flow was -$15.52M for fiscal 2026 (ended Mar 31, 2026), compared with -$1.15M in fiscal 2025.
Income statement
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|---|
| Revenue | $28.05M | $2.82M | $4.29M | $4.45M | $3.26M |
| Selling, general and admin | $1.69M | $1.38M | $383.0K | $1.39M | $1.07M |
| Operating income | - | - | $3.0K | $61.0K | $196.0K |
| Interest expense | - | $5.0K | - | - | $229.0K |
| Pre-tax income | -$13.29M | -$8.52M | -$4.40M | $1.35M | -$979.0K |
| Income tax | - | $19.0K | $155.0K | - | - |
| Net income | -$13.29M | -$8.54M | -$4.56M | $1.35M | -$979.0K |
| EPS, basic | -$0.11 | -$0.53 | -$0.33 | $0.11 | -$0.09 |
| EPS, diluted | -$0.11 | -$0.53 | -$0.33 | $0.11 | -$0.09 |
| Diluted shares | 124.9M | 16.1M | 13.7M | 12.0M | 10.4M |
Balance sheet
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | $16.80M | $3.84M | $2.14M | $7.51M | $8.07M |
| Receivables | - | $211.0K | $3.55M | $309.0K | - |
| Current assets | $37.66M | $9.66M | $12.79M | $9.72M | - |
| Goodwill | $47.0K | - | - | - | - |
| Total assets | $50.71M | $12.31M | $15.40M | $10.23M | $9.46M |
| Current liabilities | $24.36M | $7.49M | $6.04M | $6.79M | - |
| Short-term debt | - | $5.0K | - | - | - |
| Total liabilities | $25.59M | $7.58M | $6.48M | $6.89M | $7.46M |
| Shareholders' equity | $25.17M | $4.73M | $8.92M | $3.34M | $2.00M |
Cash flow
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|---|
| Operating cash flow | -$15.34M | -$1.06M | -$5.61M | -$443.0K | -$5.74M |
| Capital expenditures | $186.0K | $88.0K | $141.0K | $8.0K | $17.0K |
| Free cash flow | -$15.52M | -$1.15M | -$5.75M | -$451.0K | -$5.75M |
| Investing cash flow | $4.45M | $287.0K | -$1.38M | $225.0K | $114.0K |
| Financing cash flow | $21.07M | $2.38M | $6.72M | -$341.0K | $1.46M |
| Stock-based compensation | $3.22M | $3.31M | $3.81M | - | - |
| Depreciation and amortization | $131.0K | $81.0K | $23.0K | - | - |
Key ratios
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 895.0% | -34.3% | -3.6% | 36.8% | - |
| Operating margin | - | - | 0.1% | 1.4% | 6.0% |
| Net margin | -47.4% | -302.9% | -106.2% | 30.3% | -30.1% |
| Free cash flow margin | -55.3% | -40.6% | -134.0% | -10.1% | -176.8% |
| Return on equity | -52.8% | -180.5% | -51.1% | 40.4% | -48.9% |
| Return on assets | -26.2% | -69.4% | -29.6% | 13.2% | -10.3% |
| Current ratio | 1.55 | 1.29 | 2.12 | 1.43 | - |
Source: XBRL data Solowin Holdings files with the SEC, latest filing dated Aug 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
AXG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| AXG | $28.05M | +895.0% | -$13.29M | -47.4% | $1.4M |
| MS | $80.16B | +16.2% | $20.45B | 25.5% | $284.96B |
| GS | $69.70B | +18.7% | $22.17B | 31.8% | $249.73B |
| BLK | $28.54B | +24.7% | $6.91B | 24.2% | $182.05B |
| SCHW | $26.02B | +20.3% | $10.10B | 38.8% | $158.22B |
| CME | $6.97B | +9.0% | $4.43B | 63.5% | $109.49B |
| ICE | $14.05B | +12.1% | $4.16B | 29.6% | $96.27B |
| HOOD | $5.08B | +20.9% | $1.98B | 39.0% | $72.86B |
| NDAQ | $9.15B | +11.5% | $2.08B | 22.8% | $59.44B |
AXG FAQ
8 questionsWhat is AXG revenue?
Solowin Holdings (AXG) reported $28.05M of revenue for fiscal 2026 (ended Mar 31, 2026). That is up 895.0% from the year before.Is AXG profitable?
No. Solowin Holdings reported a net loss of $13.29M for fiscal 2026 (ended Mar 31, 2026).How much cash and debt does AXG have?
Solowin Holdings reported $16.80M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is AXG revenue growing?
Solowin Holdings's revenue changed +895.0% in fiscal 2026, to $28.05M.What is AXG free cash flow?
Solowin Holdings generated -$15.52M of free cash flow for fiscal 2026 (ended Mar 31, 2026), which is operating cash flow of -$15.34M less capital expenditures.What is AXG earnings per share?
Diluted earnings per share were -$0.11 for fiscal 2026 (ended Mar 31, 2026), from SEC filings, restated for any stock split those filings show.When did AXG last report financial results?
The latest statements here come from Solowin Holdings's 20-F filed on Aug 3, 2026, covering the period ended Mar 31, 2026.Where does this AXG financial data come from?
Quantisnow builds these statements from the structured XBRL data Solowin Holdings files with the SEC. It is provided for information only and is not investment advice.