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Solowin Holdings Class A Ordinary Share (AXG) 10-Year Financial Performance & Capital Metrics

AXG • • Banking & Credit
Financial ServicesCapital MarketsSecurities Brokerage & Wealth ManagementInstitutional Brokerage & Wealth Management
AboutSolowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong. It operates Solomon VA+, a trading platform that allows investors to trade over listed securities and their derivative products listed on the Hong Kong Stock Exchange (HKSE), New York Stock Exchange, Nasdaq, Shanghai Stock Exchange, and Shenzhen Stock Exchange; and provides online account opening and trading services through its front trading and back-office clearing systems. The company also offers Hong Kong initial public offering (IPO) underwriting, public offer application, and margin financing services; international placing subscription; Hong Kong pre-IPO securities trading; US IPO subscription; virtual assets trading, IPO subscription and placement, bond trading, fund subscription, equity custodian and agent, investment immigrant account management, enterprise employee shareholding exercise, professional investment research, and instant quotation services. In addition, it provides investment advisory services to its clients based on their financial needs and risk appetite; and issues and manages various fund products. Further, the company offers professional asset management services to financial and private institutions; tailored financial services to individual investors; investment banking services; virtual asset dealing, virtual assets spot exchange-traded products subscription and redemption, security token offering, and blockchain services; financial and independent financial advisory services for unlisted and listed companies; and securities dealing and advice, financial planning, and offshore private fund investment services. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.Show more
  • Net Interest Income -$5K -117.2%
  • Total Revenue $3M -16.6%
  • Net Income -$9M -87.4%
  • Return on Equity -125.05% -68.3%
  • Net Interest Margin -0.04% -121.6%
  • Efficiency Ratio 297.94% +179.8%
  • ROA -61.63% -73.3%
  • Equity / Assets 38.44% -33.7%
  • Book Value per Share 0.29 -49.0%
  • Tangible BV/Share 0.29 -49.5%
  • Debt/Equity 0.23 +90.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 98 (top 2%)
  • ✓Well capitalized: 38.4% equity/assets
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak NIM of -0.0%
  • ✗High cost structure: 297.9% efficiency ratio
  • ✗Expensive at 15.8x book value

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

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-4.17%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-126.17%

EPS CAGR

10Y-
5Y-
3Y-
TTM-100.01%

ROCE

10Y Avg-40.44%
5Y Avg-40.44%
3Y Avg-46.05%
Latest-118.16%

Peer Comparison

Institutional Brokerage & Wealth Management
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
FRHCFreedom Holding Corp.7.71B126.0990.0622.74%4.16%0.39%20.56%1.61
WHGWestwood Holdings Group, Inc.173.67M18.46715.5%2.33%5.76%12.1%0.03
LPLALPL Financial Holdings Inc.30.16B376.8326.8623.2%8.55%22.03%1.96
SFStifel Financial Corp.13.26B130.2020.8315.45%12.42%11.53%3.14%0.49
RJFRaymond James Financial, Inc.33.88B171.5516.667.94%13.42%17.07%6.63%0.35
OPYOppenheimer Holdings Inc.823.46M79.0212.4114.71%5%9.21%0.81
GSIWGarden Stage Limited Ordinary Shares29.89M0.14-0.49295.95%-79.91%14.93%0.03
DOMHDominari Holdings Inc.66.61M4.16-1.757.9%-81.03%52.5%0.08

Profit & Loss

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Net Interest Income+-314K-228K029K-5K
NII Growth %-0.27%1%--1.17%
Net Interest Margin %-----
Interest Income2K1K029K0
Interest Expense316K229K005K
Loan Loss Provision36K1.14M7K4.2M2.7M
Non-Interest Income+1.18M3.25M4.45M3.41M2.87M
Non-Interest Income %-----
Total Revenue+1.18M3.26M4.45M3.44M2.87M
Revenue Growth %-1.76%0.37%-0.23%-0.17%
Non-Interest Expense1.16M2.67M3.11M3.66M8.54M
Efficiency Ratio-----
Operating Income+-329K-766K1.34M-4.43M-8.38M
Operating Margin %-----
Operating Income Growth %--1.33%2.75%-4.31%-0.89%
Pretax Income+-645K-979K1.35M-4.4M-8.52M
Pretax Margin %-----
Income Tax+000155K19K
Effective Tax Rate %-----
Net Income+-645K-979K1.35M-4.56M-8.54M
Net Margin %-----
Net Income Growth %--0.52%2.38%-4.38%-0.87%
Net Income (Continuing)-645K-979K1.35M-4.56M-8.54M
EPS (Diluted)+-0.05-0.070.01-0.33-0.07
EPS Growth %--0.52%1.18%-27.83%0.79%
EPS (Basic)-0.05-0.070.01-0.33-0.07
Diluted Shares Outstanding14M14M14M15.5M16.13M

Balance Sheet

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash & Short Term Investments+542K977K1000K1000K1000K
Cash & Due from Banks542K977K1.93M2.14M3.84M
Short Term Investments00000
Total Investments+000254K368K
Investments Growth %----0.45%
Long-Term Investments000254K368K
Accounts Receivables267K247K1000K1000K192K
Goodwill & Intangibles+-----
Goodwill55.77K55.83K55.85K00
Intangible Assets8.23K8.17K8.15K77K86K
PP&E (Net)305K140K283K1.21M828K
Other Assets110K158K156K11.72M1.37M
Total Current Assets13.24M9.1M9.72M12.79M9.66M
Total Non-Current Assets479K362K503K13.26M2.65M
Total Assets+13.72M9.46M10.23M15.4M12.31M
Asset Growth %--0.31%0.08%0.51%-0.2%
Return on Assets (ROA)-0.05%-0.08%0.14%-0.36%-0.62%
Accounts Payable11.98M7.29M6.35M5.11M5.02M
Total Debt+261K98K251K1.07M1.08M
Net Debt-281K-879K-1.67M-1.07M-2.76M
Long-Term Debt00000
Short-Term Debt0000420K
Other Liabilities86.27K0000
Total Current Liabilities12.16M7.46M6.79M6.04M7.49M
Total Non-Current Liabilities99K939.93K95K439K83K
Total Liabilities12.26M7.46M6.89M6.48M7.58M
Total Equity+1.46M2M3.34M8.92M4.73M
Equity Growth %-0.37%0.67%1.67%-0.47%
Equity / Assets (Capital Ratio)-----
Return on Equity (ROE)-0.44%-0.57%0.51%-0.74%-1.25%
Book Value per Share0.100.140.240.580.29
Tangible BV per Share-----
Common Stock1K1K1K1K2K
Additional Paid-in Capital419.96K611K609.56K14.91M19.22M
Retained Earnings-1.8M-2.78M-1.43M-5.98M-14.52M
Accumulated OCI-4K-9K-17K-12832K
Treasury Stock00000
Preferred Stock00000

Cash Flow

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+11.05M-5.74M-443K-5.61M-1.06M
Operating CF Growth %--1.52%0.92%-11.66%0.81%
Net Income-645K-979K1.35M-4.56M-8.54M
Depreciation & Amortization12K19K18K30K99K
Deferred Taxes00000
Other Non-Cash Items61K99K18K-212K-84K
Working Capital Changes11.62M-4.88M-1.83M-4.68M4.15M
Cash from Investing+351K114K225K-1.38M287K
Purchase of Investments0000-658K
Sale/Maturity of Investments00000
Net Investment Activity-----
Acquisitions000-257K50K
Other Investing388K131K233K-978K983K
Cash from Financing+-48K1.46M-341K6.72M2.38M
Dividends Paid00000
Share Repurchases00000
Stock Issued01.52M-43.76K7.07M1M
Net Stock Activity-----
Debt Issuance (Net)-1.68K-8.22K2550420K
Other Financing-46.32K-51.78K-341.25K-345K956K
Net Change in Cash+11.35M-4.16M-559K-263K1.61M
Exchange Rate Effect00000
Cash at Beginning888K12.24M8.07M7.51M7.25M
Cash at End12.24M8.07M7.51M7.25M8.86M
Interest Paid00000
Income Taxes Paid000101K74K
Free Cash Flow+11.01M-5.75M-451K-5.77M-1.17M
FCF Growth %--1.52%0.92%-11.79%0.8%

Banking Ratios

Metric20212022202320242025
Return on Equity (ROE)-44.06%-56.52%50.51%-74.29%-125.05%
Return on Assets (ROA)-4.7%-8.45%13.71%-35.55%-61.63%
Net Interest Margin-2.29%-2.41%0%0.19%-0.04%
Efficiency Ratio98.39%82.09%69.82%106.49%297.94%
Equity / Assets10.67%21.14%32.67%57.94%38.44%
Book Value / Share0.10.140.240.580.29
NII Growth-27.39%100%--117.24%

Frequently Asked Questions

Growth & Financials

Solowin Holdings Class A Ordinary Share (AXG) saw revenue decline by 16.6% over the past year.

Solowin Holdings Class A Ordinary Share (AXG) reported a net loss of $7.5M for fiscal year 2025.

Dividend & Returns

Solowin Holdings Class A Ordinary Share (AXG) has a return on equity (ROE) of -125.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Solowin Holdings Class A Ordinary Share (AXG) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.

Solowin Holdings Class A Ordinary Share (AXG) has an efficiency ratio of 297.9%. This is higher than peers, suggesting room for cost optimization.

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