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SWK Holdings Corporation(SWKH)Earnings, Financials & Key Ratios
SWKH•NASDAQ•Banking & Credit
Price updated Jun 8, 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$34M+818.1%
- Total Revenue$41M-9.4%
- Net Income-$3M-118.8%
- Return on Equity-0.97%-120.4%
- Net Interest Margin12.35%+975.7%
- Efficiency Ratio36.36%-47.6%
- ROA-0.84%-120.7%
- Equity / Assets86.3%-0.7%
- Book Value per Share19.33-16.6%
SWKH Key Insights
SWK Holdings Corporation (SWKH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 12.3%
- ✓Efficient operations: 36.4% efficiency ratio
- ✓Well capitalized: 86.3% equity/assets
- ✓Share count reduced 2.3% through buybacks
- ✓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.
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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 Years5.68%
5 Years2.11%
3 Years-0.59%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-118.78%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-118.82%
Return on Capital
10 Years6.99%
5 Years6.28%
3 Years5.44%
Last Year8.09%
SWKH Recent Earnings
SWK Holdings Corporation (SWKH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (56%)
Q2 2026Latest
Mar 20, 2026Metric
Actual
Est
EPS
$1.59-402.9%
$0.53
Rev
$8M+0.0%
$8M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.59+13.5%
$0.52
Rev
$11M
—
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.38+11.8%
$0.34
Rev
$10M
—
Q2 2025
May 15, 2025Metric
Actual
Est
EPS
$0.66+127.6%
$0.29
Rev
$12M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 20, 2026 | $1.59vs $0.53-402.9% | $8Mvs $8M+0.0% |
| Q4 2025 | Nov 6, 2025 | $0.59vs $0.52+13.5% | $11M |
| Q3 2025 | Aug 14, 2025 | $0.38vs $0.34+11.8% | $10M |
| Q2 2025 | May 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
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HRZN | 186.22M | 4.22 | 4.02 | 17.91% | 37.39% | 8.95% | 1.49 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 LMFA | 3.17M | 0.18 | -0.06 | -20.07% | -264.63% | -101.15% | 0.71 | |
 PFLT | 742.15M | 7.48 | 10.39 | 2.2% | 34.83% | 5.84% | 1.65 | |
 CSWC | 1.43B | 22.98 | 12.09 | 50.13% | 50.89% | 11.68% | 1.12 | |
 FDUS | 696.46M | 18.35 | 7.91 | 40.09% | 62% | 11.45% | 0.87 | |
 RCUS | 2.45B | 24.31 | -7.39 | -4.26% | -156.36% | -68.97% | 0.16 | |
 RPRX | 22.69B | 52.96 | 29.42 | 5.06% | 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.
SWKH Income Statement
SWK Holdings Corporation (SWKH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 0 | -160K | -338K | -455K | -374K | -340K | -1.85M | -4.68M | 33.64M |
NII Growth % | -100% | - | -111.25% | -34.62% | 17.8% | 9.09% | -443.82% | -153.38% | 818.08% |
Net Interest Margin % | 0% | -0.07% | -0.13% | -0.17% | -0.13% | -0.11% | -0.55% | -1.41% | 12.35% |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.44M |
Interest Expense | 0 | 160K | 338K | 455K | 374K | 340K | 1.85M | 4.68M | 4.8M |
Loan Loss Provision | 0 | 0 | 838K | 3.81M | 6.97M | 6.61M | 1.59M | -2.48M | -2.88M |
Non-Interest Income | 37.49M | 0 | 30.75M | 36.71M | 56.16M | 41.48M | 37.76M | 44.99M | 2.32M |
Non-Interest Income % | 100% | - | 100% | 100% | 100% | 100% | 100% | 100% | 5.69% |
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% | 40.76M▼ 9.4% |
Revenue Growth % | 67.5% | -100% | - | 19.4% | 52.96% | -26.13% | -8.98% | 19.14% | -9.4% |
Non-Interest Expense | 4.1M | -6.4M | 14.59M | 22.64M | 17.77M | 24.56M | 19.67M | 31.2M | 14.82M |
Efficiency Ratio | 10.94% | - | 47.46% | 61.66% | 31.64% | 59.21% | 52.1% | 69.35% | 36.36% |
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% | 24.02M▲ 107.4% |
Operating Margin % | 89.06% | - | 48.71% | 26.71% | 55.28% | 24.03% | 38.8% | 25.75% | 58.94% |
Operating Income Growth % | 86.59% | -81.32% | 140.15% | -34.52% | 216.51% | -67.89% | 46.97% | -20.91% | 107.35% |
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% |
Pretax Margin % | 64.03% | - | 54.78% | 9.98% | 58.79% | 22.88% | 38.7% | 40.84% | 49.35% |
Income Tax | 15.75M | 42K | -6.99M | -1.54M | 7.08M | -4M | -1.27M | 4.88M | 22.65M |
Effective Tax Rate % | 65.63% | 0.67% | -41.48% | -41.94% | 21.45% | -42.15% | -8.72% | 26.58% | 112.59% |
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% |
Net Margin % | 8.13% | - | 77.5% | 14.17% | 46.17% | 32.52% | 42.07% | 29.98% | -6.21% |
Net Income Growth % | -89.45% | 103.31% | 284.63% | -78.17% | 398.44% | -47.97% | 17.76% | -15.1% | -118.78% |
Net Income (Continuing) | 8.25M | 6.2M | 23.83M | 5.2M | 25.93M | 13.49M | 15.89M | 13.49M | -2.53M |
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% |
EPS Growth % | -89.64% | 104.35% | 293.62% | -78.38% | 405% | -48.02% | 19.05% | -13.6% | -119.44% |
EPS (Basic) | 0.23 | 0.47 | 1.85 | 0.40 | 2.03 | 1.05 | 1.26 | 1.09 | -0.21 |
Diluted Shares Outstanding | 13.04M | 13.05M | 12.91M | 12.86M | 12.83M | 12.88M | 12.7M | 12.45M | 12.16M |
SWKH Balance Sheet
SWK Holdings Corporation (SWKH) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 30.56M | 20.23M | 12.96M | 4.22M | 43.9M | 6.16M | 4.5M | 5.93M | 42.76M |
Cash & Due from Banks | 30.56M | 20.23M | 11.16M | 3.01M | 42.86M | 6.16M | 4.5M | 5.93M | 42.76M |
Short Term Investments | 0 | 0 | 1.8M | 1.21M | 1.03M | 0 | 0 | 0 | 0 |
Total Investments | 1.86M | 532K | 2.27M | 4.94M | 4.64M | 76K | 48K | 580K | 184K |
Investments Growth % | -80.68% | -71.34% | 326.32% | 117.9% | -6.03% | -98.36% | -36.84% | 1108.33% | -68.28% |
Long-Term Investments | 1.86M | 532K | 466K | 3.73M | 3.61M | 76K | 48K | 580K | 184K |
Accounts Receivables | 153.63M | 2.19M | 2.55M | 1.91M | 1.8M | 3.09M | 4.73M | 5.79M | 3.86M |
Goodwill & Intangibles | 153.63M | 0 | 33.52M | 21.86M | 18.37M | 16.59M | 6.49M | 0 | 0 |
Goodwill | 0 | 0 | 8.4M | 8.4M | 8.4M | 8.4M | 0 | 0 | 0 |
Intangible Assets | 153.63M | 0 | 25.11M | 13.45M | 9.96M | 8.19M | 6.49M | 0 | 0 |
PP&E (Net) | -22.73M | 25K | 1.29M | 5.21M | 5.78M | 5.84M | 5.44M | 48K | 0 |
Other Assets | 1.11M | 169.86M | 177.02M | 208.94M | 186.94M | 242.27M | 282.12M | 287.87M | 224.54M |
Total Current Assets | 184.19M | 22.56M | 16.3M | 6.67M | 47.43M | 10.36M | 11.87M | 20.25M | 46.79M |
Total Non-Current Assets | 25.69M | 193.1M | 238.07M | 267.23M | 235.24M | 289.26M | 322.38M | 311.98M | 225.64M |
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% |
Asset Growth % | 0.46% | 2.75% | 17.95% | 7.68% | 3.2% | 6% | 11.56% | -0.6% | -18% |
Return on Assets (ROA) | 1.46% | 2.91% | 10.14% | 1.97% | 9.32% | 4.63% | 5.01% | 4.05% | -0.84% |
Accounts Payable | 0 | 2.58M | 3.06M | 3.65M | 5.09M | 0 | 0 | 0 | 0 |
Total Debt | 91K | 0 | 0 | 11.76M | 8K | 2.44M | 43.13M | 37.65M | 32.11M |
Net Debt | -30.47M | -20.23M | -11.16M | 8.75M | -42.85M | -3.71M | 38.63M | 31.72M | -10.65M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 43.13M | 37.65M | 32.11M |
Short-Term Debt | 0 | 0 | 0 | 11.76M | 8K | 2.44M | 0 | 0 | 0 |
Other Liabilities | 0 | 24K | 14.78M | 17.98M | 10.33M | 13.35M | 6.86M | 335K | 240K |
Total Current Liabilities | 1.84M | 2.58M | 3.06M | 15.41M | 5.09M | 6.35M | 3.94M | 5.57M | 4.97M |
Total Non-Current Liabilities | 91K | 24K | 14.78M | 17.98M | 10.33M | 13.35M | 49.99M | 37.98M | 32.35M |
Total Liabilities | 1.93M | 2.6M | 17.84M | 33.39M | 15.43M | 19.69M | 53.94M | 43.55M | 37.32M |
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% |
Equity Growth % | -14.74% | 20.1% | 11.02% | 1.68% | 11.11% | 4.75% | 0.14% | 2.99% | -18.56% |
Equity / Assets (Capital Ratio) | 84.52% | 98.79% | 92.99% | 87.81% | 94.54% | 93.43% | 83.86% | 86.89% | 86.3% |
Return on Equity (ROE) | 1.58% | 3.17% | 10.6% | 2.18% | 10.21% | 4.93% | 5.67% | 4.74% | -0.97% |
Book Value per Share | 13.60 | 16.32 | 18.32 | 18.70 | 20.82 | 21.73 | 22.08 | 23.19 | 19.33 |
Tangible BV per Share | 1.82 | 16.32 | 15.72 | 17.00 | 19.39 | 20.45 | 21.57 | 23.19 | 19.33 |
Common Stock | 13K | 13K | 13K | 13K | 13K | 12K | 12K | 12K | 12K |
Additional Paid-in Capital | 4.43B | 4.43B | 4.43B | 4.43B | 4.43B | 4.43B | 4.43B | 4.42B | 4.42B |
Retained Earnings | -4.23B | -4.22B | -4.2B | -4.19B | -4.16B | -4.15B | -4.14B | -4.13B | -4.18B |
Accumulated OCI | 213K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SWKH Cash Flow Statement
SWK Holdings Corporation (SWKH) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 19.46M | 19.63M | 18.54M | 19.27M | 34.3M | 8.2M | 14.89M | 23.05M | 27.29M |
Operating CF Growth % | 101.78% | 0.86% | -5.55% | 3.95% | 77.99% | -76.08% | 81.5% | 54.83% | 18.38% |
Net Income | 8.25M | 6.2M | 23.83M | 5.2M | 25.93M | 13.49M | 15.89M | 13.49M | -2.53M |
Depreciation & Amortization | -1.93M | 487K | 4.95M | 12.09M | 4.06M | 2.83M | 2.91M | 1.81M | 143K |
Deferred Taxes | 15.74M | 31K | -7.1M | -1.71M | 6.95M | -3.94M | -1.29M | 4.81M | 0 |
Other Non-Cash Items | -3.44M | 14.3M | -1.52M | 1.75M | -4.29M | -1.2M | -2.17M | 1.46M | 21.48M |
Working Capital Changes | 533K | -1.65M | -2.15M | 1.21M | 479K | -3.47M | -966K | 534K | 7.03M |
Cash from Investing | -12.12M | -28.13M | -26.72M | -35.17M | 25.76M | -43.55M | -48.95M | -10.13M | 68.06M |
Purchase of Investments | 0 | 0 | -159K | 0 | 0 | 0 | 0 | 0 | 0 |
Sale/Maturity of Investments | 438K | 290K | 263K | 115K | 2M | 4.19M | 13.94M | 601K | 0 |
Net Investment Activity | 438K | 290K | 104K | 115K | 2M | 4.19M | 13.94M | 601K | 0 |
Acquisitions | 0 | 0 | -19.72M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | -12.56M | -28.42M | -7.06M | -31.34M | 24.84M | -47.45M | -62.39M | -10.6M | 68.06M |
Cash from Financing | -8.96M | -1.83M | -883K | 7.75M | -20.2M | -1.36M | 33.14M | -12.22M | -58.51M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -1.36M | -883K | -2.01M | -368K | -1.14M | -6.33M | -6.01M | -3.07M |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Stock Activity | 0 | -1.36M | -883K | -2.01M | -368K | -1.14M | -6.33M | -6.01M | -3.07M |
Debt Issuance (Net) | 0 | 0 | 0 | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
Other Financing | -8.96M | -469K | 0 | -2M | -8.08M | -2.66M | -3.41M | -93K | -49.21M |
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% | 36.84M▲ 5230.8% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 32.18M | 30.56M | 20.23M | 11.16M | 3.01M | 42.86M | 6.16M | 5.24M | 5.93M |
Cash at End | 30.56M | 20.23M | 11.16M | 3.01M | 42.86M | 6.16M | 5.24M | 5.93M | 42.76M |
Interest Paid | 0 | 0 | 0 | 137K | 110K | 268K | 1.35M | 3.08M | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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% | 26.77M▲ 16.9% |
FCF Growth % | 101.78% | 0.86% | -5.8% | -17.08% | 116.67% | -76.2% | 82.06% | 59.19% | 16.86% |
SWKH Banking Ratios
SWK Holdings Corporation (SWKH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 14.91% | 1.58% | 3.17% | 10.6% | 2.18% | 10.21% | 4.93% | 5.67% | 4.74% | -0.97% |
Return on Assets (ROA) | 14.84% | 1.46% | 2.91% | 10.14% | 1.97% | 9.32% | 4.63% | 5.01% | 4.05% | -0.84% |
Net Interest Margin | 7.58% | 0% | -0.07% | -0.13% | -0.17% | -0.13% | -0.11% | -0.55% | -1.41% | 12.35% |
Efficiency Ratio | 20.05% | 10.94% | - | 47.46% | 61.66% | 31.64% | 59.21% | 52.1% | 69.35% | 36.36% |
Equity / Assets | 99.58% | 84.52% | 98.79% | 92.99% | 87.81% | 94.54% | 93.43% | 83.86% | 86.89% | 86.3% |
Book Value / Share | 15.98 | 13.6 | 16.32 | 18.32 | 18.7 | 20.82 | 21.73 | 22.08 | 23.19 | 19.33 |
NII Growth | 4257.22% | -100% | - | -111.25% | -34.62% | 17.8% | 9.09% | -443.82% | -153.38% | 818.08% |
Related:SWKH Dividend History·SWKH Revenue History·SWKH Price History·SWKH P/E History·SWKH Financial Ratios·SWKH Institutional Holders
SWKH SEC Filings & Documents
SWK Holdings Corporation (SWKH) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 9.4% over the past year.
SWK Holdings Corporation (SWKH) reported a net loss of $2.5M for fiscal year 2025.
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 12.3%. This indicates healthy earnings from lending activities.
SWK Holdings Corporation (SWKH) has an efficiency ratio of 36.4%. This is excellent, indicating strong cost control.