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SWKH logoSWK Holdings Corporation(SWKH)Earnings, Financials & Key Ratios

SWKH•NASDAQ•Banking & Credit
$15.90
$192M mkt cap·Price updated Apr 24, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustrySpecialty finance and niche asset platforms
AboutSWK Holdings Corporation, a specialty finance company that focuses on the healthcare sector. It operates in two segments, Finance Receivables and Pharmaceutical Development. The company provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors. It also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance. In addition, the company engages in the pharmaceutical development, formulation and manufacturing, and licensing business through the Peptelligence platform. Further, it intends to out-license its internal product pipeline to create novel formulations using its proprietary technology to develop treatments for patients and caregivers. The company was formerly known as Kana Software, Inc. and changed its name to SWK Holdings Corporation in December 2009. SWK Holdings Corporation was founded in 1996 and is headquartered in Dallas, Texas.Show more
  • Net Interest Income$0+100.0%
  • Total Revenue$41M-7.8%
  • Net Income-$3M-118.8%
  • Return on Equity-0.97%-120.4%
  • Net Interest Margin0%+100.0%
  • Efficiency Ratio39.35%-43.3%
  • ROA-0.84%-120.7%
  • Equity / Assets86.3%-0.7%
  • Book Value per Share19.33-16.6%
  • Tangible BV/Share19.33-16.6%
  • Debt/Equity0.14+4.7%
Technical→

SWKH Key Insights

SWK Holdings Corporation (SWKH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 39.4% efficiency ratio
  • ✓Well capitalized: 86.3% equity/assets
  • ✓Share count reduced 2.3% through buybacks
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.1%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SWKH Price & Volume

SWK Holdings Corporation (SWKH) stock price & volume — 10-year historical chart

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SWKH Growth Metrics

SWK Holdings Corporation (SWKH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.86%
5 Years2.46%
3 Years-0.02%
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM117.28%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM99.2%

Return on Capital

10 Years6.86%
5 Years6.02%
3 Years5.02%
Last Year6.83%

SWKH Recent Earnings

SWK Holdings Corporation (SWKH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (56%)
Q2 2026Latest
Mar 20, 2026
EPS
$1.59
Est $0.53
-402.9%
Revenue
$8M
Est $8M
+0.0%
Q4 2025
Nov 6, 2025
EPS
$0.59
Est $0.52
+13.5%
Revenue
$11M
Q3 2025
Aug 14, 2025
EPS
$0.38
Est $0.34
+11.8%
Revenue
$10M
Q2 2025
May 15, 2025
EPS
$0.66
Est $0.29
+127.6%
Revenue
$12M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 20, 2026
$1.59vs $0.53-402.9%
$8Mvs $8M+0.0%
Q4 2025Nov 6, 2025
$0.59vs $0.52+13.5%
$11M
Q3 2025Aug 14, 2025
$0.38vs $0.34+11.8%
$10M
Q2 2025May 15, 2025
$0.66vs $0.29+127.6%
$12M
Based on last 12 quarters of dataView full earnings history →

SWKH Peer Comparison

SWK Holdings Corporation (SWKH) competitors in Specialty finance and niche asset platforms — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HRZN logoHRZNHorizon Technology Finance CorporationDirect Competitor218.97M4.584.3617.91%8.95%1.49
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
LMFA logoLMFALM Funding America, Inc.Direct Competitor705.11K0.25-0.1077.73%-15.31%0.22
PFLT logoPFLTPennantPark Floating Rate Capital Ltd.Direct Competitor913.8M9.2112.792.2%3.23%1.65
CSWC logoCSWCCapital Southwest CorporationDirect Competitor1.44B24.1916.467.67%10.32%1.08
FDUS logoFDUSFidus Investment CorporationDirect Competitor705.19M18.588.0140.09%11.68%0.31
RCUS logoRCUSArcus Biosciences, Inc.Product Competitor2.62B26.00-7.90-4.26%-156.36%-68.97%0.16
RPRX logoRPRXRoyalty Pharma plcProduct Competitor21.72B50.6928.165.06%33.9%8.54%0.92

Compare SWKH vs Peers

SWK Holdings Corporation (SWKH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HRZN

Most directly comparable listed peer for SWKH.

Scale Benchmark

vs RPRX

Larger-name benchmark to compare SWKH against a more recognizable public peer.

Peer Set

Compare Top 5

vs HRZN, TPVG, LMFA, PFLT

SWKH Income Statement

SWK Holdings Corporation (SWKH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income0-160K-338K-455K-374K-340K-1.85M-4.68M0-4.63M
NII Growth %-100%--111.25%-34.62%17.8%9.09%-443.82%-153.38%100%-0.51%
Net Interest Margin %0%-0.07%-0.13%-0.17%-0.13%-0.11%-0.55%-1.41%0%-1.6%
Interest Income0000000000
Interest Expense0160K338K455K374K340K1.85M4.68M4.8M4.63M
Loan Loss Provision00838K3.81M6.97M6.61M1.59M-2.48M-4.8M-2.52M
Non-Interest Income37.49M030.75M36.71M56.16M41.48M37.76M44.99M41.46M45.13M
Non-Interest Income %100%-100%100%100%100%100%100%100%100%
Total Revenue
37.49M▲ 0%
0▼ 100.0%
30.75M▲ 0%
36.71M▲ 19.4%
56.16M▲ 53.0%
41.48M▼ 26.1%
37.76M▼ 9.0%
44.99M▲ 19.1%
41.46M▼ 7.8%
45.13M▲ 0%
Revenue Growth %67.5%-100%-19.4%52.96%-26.13%-8.98%19.14%-7.85%26.27%
Non-Interest Expense4.1M-6.4M14.59M22.64M17.77M24.56M19.67M31.2M16.31M18.07M
Efficiency Ratio10.94%-47.46%61.66%31.64%59.21%52.1%69.35%39.35%40.03%
Operating Income
33.38M▲ 0%
6.24M▼ 81.3%
14.98M▲ 140.1%
9.81M▼ 34.5%
31.04M▲ 216.5%
9.97M▼ 67.9%
14.65M▲ 47.0%
11.59M▼ 20.9%
20.27M▲ 75.0%
24.95M▲ 0%
Operating Margin %89.06%-48.71%26.71%55.28%24.03%38.8%25.75%48.91%55.28%
Operating Income Growth %86.59%-81.32%140.15%-34.52%216.51%-67.89%46.97%-20.91%75%-
Pretax Income
24M▲ 0%
6.24M▼ 74.0%
16.84M▲ 170.0%
3.67M▼ 78.2%
33.01M▲ 800.7%
9.49M▼ 71.2%
14.61M▲ 54.0%
18.37M▲ 25.7%
20.12M▲ 9.5%
29.66M▲ 0%
Pretax Margin %64.03%-54.78%9.98%58.79%22.88%38.7%40.84%48.52%65.73%
Income Tax15.75M42K-6.99M-1.54M7.08M-4M-1.27M4.88M22.65M6.93M
Effective Tax Rate %65.63%0.67%-41.48%-41.94%21.45%-42.15%-8.72%26.58%112.59%23.38%
Net Income
3.05M▲ 0%
6.2M▲ 103.3%
23.83M▲ 284.6%
5.2M▼ 78.2%
25.93M▲ 398.4%
13.49M▼ 48.0%
15.89M▲ 17.8%
13.49M▼ 15.1%
-2.53M▼ 118.8%
22.73M▲ 0%
Net Margin %8.13%-77.5%14.17%46.17%32.52%42.07%29.98%-6.11%50.36%
Net Income Growth %-89.45%103.31%284.63%-78.17%398.44%-47.97%17.76%-15.1%-118.78%117.28%
Net Income (Continuing)8.25M6.2M23.83M5.2M25.93M13.49M15.89M13.49M-2.53M22.73M
EPS (Diluted)
0.23▲ 0%
0.47▲ 104.3%
1.85▲ 293.6%
0.40▼ 78.4%
2.02▲ 405.0%
1.05▼ 48.0%
1.25▲ 19.0%
1.08▼ 13.6%
-0.21▼ 119.4%
1.88▲ 0%
EPS Growth %-89.64%104.35%293.62%-78.38%405%-48.02%19.05%-13.6%-119.44%99.2%
EPS (Basic)0.230.471.850.402.031.051.261.09-0.21-
Diluted Shares Outstanding13.04M13.05M12.91M12.86M12.83M12.88M12.7M12.45M12.16M12.12M

SWKH Balance Sheet

SWK Holdings Corporation (SWKH) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments30.56M20.23M12.96M4.22M43.9M6.16M4.5M5.93M42.76M53.95M
Cash & Due from Banks30.56M20.23M11.16M3.01M42.86M6.16M4.5M5.93M42.76M10.21M
Short Term Investments001.8M1.21M1.03M00000
Total Investments1.86M532K2.27M4.94M4.64M76K48K580K184K275K
Investments Growth %-80.68%-71.34%326.32%117.9%-6.03%-98.36%-36.84%1108.33%-68.28%1042.73%
Long-Term Investments1.86M532K466K3.73M3.61M76K48K580K184K1.91M
Accounts Receivables153.63M2.19M2.55M1.91M1.8M3.09M4.73M5.79M05.58M
Goodwill & Intangibles153.63M033.52M21.86M18.37M16.59M6.49M000
Goodwill008.4M8.4M8.4M8.4M0000
Intangible Assets153.63M025.11M13.45M9.96M8.19M6.49M000
PP&E (Net)-22.73M25K1.29M5.21M5.78M5.84M5.44M48K00
Other Assets1.11M169.86M177.02M208.94M186.94M242.27M282.12M287.87M224.54M253.43M
Total Current Assets184.19M22.56M16.3M6.67M47.43M10.36M11.87M20.25M46.79M16.33M
Total Non-Current Assets25.69M193.1M238.07M267.23M235.24M289.26M322.38M311.98M225.64M273.03M
Total Assets
209.88M▲ 0%
215.66M▲ 2.8%
254.37M▲ 17.9%
273.9M▲ 7.7%
282.67M▲ 3.2%
299.62M▲ 6.0%
334.25M▲ 11.6%
332.24M▼ 0.6%
272.42M▼ 18.0%
289.36M▲ 0%
Asset Growth %0.46%2.75%17.95%7.68%3.2%6%11.56%-0.6%-18%-18.87%
Return on Assets (ROA)1.46%2.91%10.14%1.97%9.32%4.63%5.01%4.05%-0.84%7.34%
Accounts Payable02.58M3.06M3.65M5.09M00000
Total Debt91K0011.76M8K2.44M43.13M37.65M32.11M31.92M
Net Debt-30.47M-20.23M-11.16M8.75M-42.85M-3.71M38.63M31.72M-10.65M21.71M
Long-Term Debt00000043.13M37.65M32.11M31.92M
Short-Term Debt00011.76M8K2.44M0000
Other Liabilities024K14.78M17.98M10.33M13.35M6.86M335K240K361K
Total Current Liabilities1.84M2.58M3.06M15.41M5.09M6.35M3.94M5.57M4.97M2.87M
Total Non-Current Liabilities91K24K14.78M17.98M10.33M13.35M49.99M37.98M32.35M32.28M
Total Liabilities1.93M2.6M17.84M33.39M15.43M19.69M53.94M43.55M37.32M35.16M
Total Equity
177.4M▲ 0%
213.06M▲ 20.1%
236.53M▲ 11.0%
240.51M▲ 1.7%
267.24M▲ 11.1%
279.93M▲ 4.7%
280.31M▲ 0.1%
288.69M▲ 3.0%
235.1M▼ 18.6%
254.21M▲ 0%
Equity Growth %-14.74%20.1%11.02%1.68%11.11%4.75%0.14%2.99%-18.56%-15.88%
Equity / Assets (Capital Ratio)84.52%98.79%92.99%87.81%94.54%93.43%83.86%86.89%86.3%87.85%
Return on Equity (ROE)1.58%3.17%10.6%2.18%10.21%4.93%5.67%4.74%-0.97%8.4%
Book Value per Share13.6016.3218.3218.7020.8221.7322.0823.1919.3320.98
Tangible BV per Share1.8216.3215.7217.0019.3920.4521.5723.1919.3320.98
Common Stock13K13K13K13K13K12K12K12K12K12K
Additional Paid-in Capital4.43B4.43B4.43B4.43B4.43B4.43B4.43B4.42B00
Retained Earnings-4.23B-4.22B-4.2B-4.19B-4.16B-4.15B-4.14B-4.13B-4.18B-4.16B
Accumulated OCI213K000000000
Treasury Stock0000000000
Preferred Stock0000000000

SWKH Cash Flow Statement

SWK Holdings Corporation (SWKH) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations19.46M19.63M18.54M19.27M34.3M8.2M14.89M23.05M27.29M27.29M
Operating CF Growth %101.78%0.86%-5.55%3.95%77.99%-76.08%81.5%54.83%18.38%66.23%
Net Income8.25M6.2M23.83M5.2M25.93M13.49M15.89M13.49M-2.53M22.73M
Depreciation & Amortization-1.93M487K4.95M12.09M4.06M2.83M2.91M1.81M143K489K
Deferred Taxes15.74M31K-7.1M-1.71M6.95M-3.94M-1.29M4.81M06.86M
Other Non-Cash Items-3.44M14.3M-1.52M1.75M-4.29M-1.2M-2.17M1.46M28.5M-9.34M
Working Capital Changes533K-1.65M-2.15M1.21M479K-3.47M-966K534K02.01M
Cash from Investing-12.12M-28.13M-26.72M-35.17M25.76M-43.55M-48.95M-10.13M022.28M
Purchase of Investments00-159K0000000
Sale/Maturity of Investments438K290K263K115K1000K1000K1000K601K015K
Net Investment Activity438K290K104K115K1000K1000K1000K601K015K
Acquisitions00-19.72M0000000
Other Investing-12.56M-28.42M-7.06M-31.34M24.84M-47.45M-62.39M-10.6M021.29M
Cash from Financing-8.96M-1.83M-883K7.75M-20.2M-1.36M33.14M-12.22M0-53.12M
Dividends Paid000000000-49.08M
Share Repurchases0-1.36M-883K-2.01M-368K-1.14M-6.33M-6.01M0-3.92M
Stock Issued0000000000
Net Stock Activity0-1.36M-883K-2.01M-368K-1.14M-6.33M-6.01M0-3.92M
Debt Issuance (Net)0001000K-1000K1000K1000K-1000K00
Other Financing-8.96M-469K0-2M-8.08M-2.66M-3.41M-93K0-130K
Net Change in Cash
-1.63M▲ 0%
-10.33M▼ 535.7%
-9.07M▲ 12.2%
-8.15M▲ 10.1%
39.85M▲ 589.0%
-36.71M▼ 192.1%
-920K▲ 97.5%
691K▲ 175.1%
0▼ 100.0%
-6.97M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning32.18M30.56M20.23M11.16M3.01M42.86M6.16M5.24M08.01M
Cash at End30.56M20.23M11.16M3.01M42.86M6.16M5.24M5.93M010.21M
Interest Paid000137K110K268K1.35M3.08M02.26M
Income Taxes Paid0000000000
Free Cash Flow
19.46M▲ 0%
19.63M▲ 0.9%
18.49M▼ 5.8%
15.33M▼ 17.1%
33.22M▲ 116.7%
7.91M▼ 76.2%
14.39M▲ 82.1%
22.91M▲ 59.2%
27.29M▲ 19.1%
23.28M▲ 0%
FCF Growth %101.78%0.86%-5.8%-17.08%116.67%-76.2%82.06%59.19%19.1%7.69%

SWKH Banking Ratios

SWK Holdings Corporation (SWKH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)1.58%3.17%10.6%2.18%10.21%4.93%5.67%4.74%-0.97%8.4%
Return on Assets (ROA)1.46%2.91%10.14%1.97%9.32%4.63%5.01%4.05%-0.84%7.34%
Net Interest Margin0%-0.07%-0.13%-0.17%-0.13%-0.11%-0.55%-1.41%0%-1.6%
Efficiency Ratio10.94%-47.46%61.66%31.64%59.21%52.1%69.35%39.35%40.03%
Equity / Assets84.52%98.79%92.99%87.81%94.54%93.43%83.86%86.89%86.3%87.85%
Book Value / Share13.616.3218.3218.720.8221.7322.0823.1919.3320.98
NII Growth-100%--111.25%-34.62%17.8%9.09%-443.82%-153.38%100%0.15%
Dividend Payout---------215.95%

SWKH SEC Filings & Documents

SWK Holdings Corporation (SWKH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 6, 2026·SEC

Material company update

Mar 31, 2026·SEC

Material company update

Feb 13, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 20, 2026·SEC

FY 2025

Mar 20, 2025·SEC

FY 2024

Mar 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 14, 2025·SEC

FY 2025

May 15, 2025·SEC

SWKH Frequently Asked Questions

SWK Holdings Corporation (SWKH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

SWK Holdings Corporation (SWKH) saw revenue decline by 7.8% over the past year.

Yes, SWK Holdings Corporation (SWKH) is profitable, generating $22.7M in net income for fiscal year 2025 (-6.1% net margin).

Dividend & Returns

SWK Holdings Corporation (SWKH) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.

Industry Metrics

SWK Holdings Corporation (SWKH) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

SWK Holdings Corporation (SWKH) has an efficiency ratio of 39.4%. This is excellent, indicating strong cost control.

Explore More SWKH

SWK Holdings Corporation (SWKH) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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