Swvl Holdings Corp.(SWVL)Earnings, Financials & Key Ratios
SWVL•NASDAQ
$1.80
$18M mkt cap·Price updated May 6, 2026
AboutSwvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers. The company was incorporated in 2017 and is headquartered in Dubai, the United Arab Emirates.Show more
- Revenue$17M-24.7%
- EBITDA-$8M-159.2%
- Net Income-$10M-438.3%
- EPS (Diluted)-1.19-525.0%
- Gross Margin21.15%+17.6%
- EBITDA Margin-46.6%-178.6%
- Operating Margin-49.33%-188.1%
- Net Margin-60.08%-549.2%
- ROE-395.6%-652.9%
- ROIC-5982.19%-2621.7%
- Interest Coverage-207.15-309.5%
SWVL Key Insights
Swvl Holdings Corp. (SWVL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 21.5% through buybacks
- ✓Efficient asset utilization: 1.1x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SWVL Price & Volume
Swvl Holdings Corp. (SWVL) stock price & volume — 10-year historical chart
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SWVL Growth Metrics
Swvl Holdings Corp. (SWVL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years6.86%
3 Years-12.36%
TTM-20.11%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-221.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-213.65%
Return on Capital
10 Years-340.82%
5 Years-374.9%
3 Years-458.09%
Last Year-222.65%
SWVL Peer Comparison
Swvl Holdings Corp. (SWVL) competitors in Vertical industry SaaS applications — 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 |
|---|---|---|---|---|---|---|---|---|
 UBER | 164.5B | 79.17 | 16.81 | 18.28% | 19.33% | 35.8% | 5.93% | 0.48 |
 LYFT | 5.7B | 14.23 | 2.09 | 9.16% | 45.03% | 86.88% | 19.56% | 0.41 |
 GRAB | 14.98B | 3.77 | 59.18 | 20.49% | 7.92% | 4.09% | 0.89% | 0.30 |
 VIA | 1.33B | 17.30 | -13.95 | 35.67% | -25.79% | -17.92% | ||
 BLNK | 98.22M | 0.86 | -0.44 | -11.16% | -118.72% | -131.92% | 0.09 | |
 NFE | 211.17M | 0.74 | -0.11 | -36.4% | -122.58% | -158.34% | 27.68 | |
 BIRD | 34.48M | 6.08 | -0.51 | -25.31% | -51.9% | -108.35% | 0.53 | |
 HIMS | 6.94B | 26.88 | 52.71 | 59% | 5.47% | 23.73% | 1.07% | 2.07 |
Compare SWVL vs Peers
Swvl Holdings Corp. (SWVL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SWVL Income Statement
Swvl Holdings Corp. (SWVL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 12.35M | 17.31M | 25.56M | 43M | 22.85M | 17.21M | 18.26M |
| Revenue Growth % | - | 40.16% | 47.66% | 68.19% | -46.85% | -24.7% | -20.11% |
| Cost of Goods Sold | 33.78M | 26.41M | 48.92M | 48.74M | 18.74M | 13.57M | 14.32M |
| COGS % of Revenue | 273.52% | 152.57% | 191.38% | 113.35% | 82.01% | 78.85% | - |
| Gross Profit | -21.43M▲ 0% | -4.21M▲ 80.3% | -5.79M▼ 37.4% | 179.83K▲ 103.1% | 4.11M▲ 2186.0% | 3.64M▼ 11.5% | 3.93M▲ 0% |
| Gross Margin % | -173.52% | -24.33% | -22.63% | 0.42% | 17.99% | 21.15% | 21.54% |
| Gross Profit Growth % | - | 80.35% | -37.37% | 103.11% | 2186.03% | -11.48% | - |
| Operating Expenses | 19.5M | 20.36M | 82.32M | 80.26M | 9.89M | 12.13M | 8.86M |
| OpEx % of Revenue | 157.84% | 117.61% | 322.03% | 186.67% | 43.29% | 70.48% | - |
| Selling, General & Admin | 18.15M | 21.73M | 83.27M | 36.68M | 10.14M | 10.45M | 7.97M |
| SG&A % of Revenue | 146.92% | 125.5% | 325.75% | 85.31% | 44.36% | 60.72% | - |
| Research & Development | 708.31K | 1.03M | 3.78M | 9.04M | 1.12M | 750.03K | 509.19K |
| R&D % of Revenue | 5.73% | 5.97% | 14.8% | 21.03% | 4.89% | 4.36% | - |
| Other Operating Expenses | 640.08K | -2.4M | -4.74M | 34.54M | -1.36M | 929.13K | 378K |
| Operating Income | -40.92M▲ 0% | -24.57M▲ 40.0% | -88.11M▼ 258.5% | -80.79M▲ 8.3% | 12.79M▲ 115.8% | -8.49M▼ 166.4% | -4.92M▲ 0% |
| Operating Margin % | -331.33% | -141.94% | -344.66% | -187.91% | 55.98% | -49.33% | -26.97% |
| Operating Income Growth % | - | 39.95% | -258.55% | 8.3% | 115.83% | -166.36% | - |
| EBITDA | -40.67M | -24.45M | -87.37M | -76.52M | 13.54M | -8.02M | -4.66M |
| EBITDA Margin % | -329.28% | -141.23% | -341.76% | -177.96% | 59.27% | -46.6% | -25.53% |
| EBITDA Growth % | - | 39.88% | -257.34% | 12.42% | 117.7% | -159.2% | -170.09% |
| D&A (Non-Cash Add-back) | 253.07K | 123.6K | 739.58K | 4.28M | 752.78K | 470.14K | 261.92K |
| EBIT | -40.57M | -24.57M | -132.31M | -98.31M | 4.2M | -11.02M | -3.55M |
| Net Interest Income | 182.67K | 482.05K | -1.37M | -3.6M | -83.24K | -39.37K | 39.83K |
| Interest Income | 303.75K | 546.87K | 125.18K | 68.4K | 46.12K | 1.61K | 185.54K |
| Interest Expense | 70.64K | 63.68K | 1.49M | 3.67M | 129.35K | 40.98K | 145.7K |
| Other Income/Expense | 286.22K | 524.93K | -45.7M | -21.18M | 299.44K | -2.58M | -337.53K |
| Pretax Income | -40.64M▲ 0% | -24.05M▲ 40.8% | -133.81M▼ 456.4% | -101.97M▲ 23.8% | 13.09M▲ 112.8% | -11.07M▼ 184.5% | -5.26M▲ 0% |
| Pretax Margin % | -329.01% | -138.91% | -523.42% | -237.16% | 57.29% | -64.3% | -28.82% |
| Income Tax | -5.38M | -3.16M | -4.72M | -3.23M | -41.3K | 0 | 0 |
| Effective Tax Rate % | 13.24% | 13.12% | 3.53% | 3.16% | -0.32% | 0% | 0% |
| Net Income | -35.26M▲ 0% | -29.73M▲ 15.7% | -141.49M▼ 376.0% | -116.5M▲ 17.7% | 3.06M▲ 102.6% | -10.34M▼ 438.3% | -5.26M▲ 0% |
| Net Margin % | -285.47% | -171.7% | -553.47% | -270.94% | 13.37% | -60.08% | -28.82% |
| Net Income Growth % | - | 15.7% | -375.99% | 17.66% | 102.62% | -438.26% | -221.17% |
| Net Income (Continuing) | -35.26M | -20.89M | -129.09M | -98.75M | 13.13M | -11.07M | -5.26M |
| Discontinued Operations | 0 | -8.83M | -12.4M | -24.83M | -1.06M | 795.37K | 0 |
| Minority Interest | 0 | 0 | 66.38K | -4.19M | -3.04M | -2.97M | -2.97M |
| EPS (Diluted) | -7.44▲ 0% | -6.27▲ 15.7% | -29.85▼ 376.1% | -24.39▲ 18.3% | 0.28▲ 101.1% | -1.19▼ 525.0% | -0.49▲ 0% |
| EPS Growth % | - | 15.73% | -376.08% | 18.29% | 101.15% | -525% | -213.65% |
| EPS (Basic) | -7.44 | -6.27 | -29.85 | -24.53 | 0.45 | -1.19 | - |
| Diluted Shares Outstanding | 4.74M | 4.74M | 4.74M | 4.78M | 11.03M | 8.66M | 10.8M |
| Basic Shares Outstanding | 4.74M | 4.74M | 4.74M | 4.75M | 6.79M | 8.66M | 10.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
SWVL Balance Sheet
Swvl Holdings Corp. (SWVL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 17.32M | 13.47M | 34.59M | 25.58M | 10.97M | 10.28M | 12.08M |
| Cash & Short-Term Investments | 15.33M | 10.35M | 19.53M | 1.54M | 2.92M | 4.96M | 4.88M |
| Cash Only | 15.33M | 10.35M | 9.53M | 1.54M | 2.92M | 4.96M | 4.88M |
| Short-Term Investments | 0 | 0 | 10M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.73M | 2.86M | 7.24M | 16.41M | 7.12M | 4.99M | 7.04M |
| Days Sales Outstanding | 51.24 | 60.3 | 103.34 | 139.27 | 113.7 | 105.91 | 100.63 |
| Inventory | 0 | 0 | 7.81M | 0 | 1.26K | 0 | 0 |
| Days Inventory Outstanding | - | - | 58.3 | - | 0.02 | - | - |
| Other Current Assets | 91.17K | 0 | -262.59K | 5.62M | 404.29K | 136.35K | 141.98K |
| Total Non-Current Assets | 8.29M | 11.29M | 24.75M | 31.88M | 10.93M | 6.09M | 6.16M |
| Property, Plant & Equipment | 1.53M | 1.37M | 4.71M | 2.09M | 1.24M | 690.41K | 651.43K |
| Fixed Asset Turnover | 8.07x | 12.61x | 5.43x | 20.61x | 18.49x | 24.92x | 23.42x |
| Goodwill | 0 | 0 | 4.42M | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 988.41K | 10.53M | 225.78K | 106.26K | 92.9K |
| Long-Term Investments | 0 | 0 | 0 | 553.03K | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 1.52K | 11.52M |
| Total Assets | 25.61M▲ 0% | 24.76M▼ 3.3% | 59.34M▲ 139.7% | 57.46M▼ 3.2% | 21.9M▼ 61.9% | 16.37M▼ 25.3% | 18.23M▲ 0% |
| Asset Turnover | 0.48x | 0.70x | 0.43x | 0.75x | 1.04x | 1.05x | 1.13x |
| Asset Growth % | - | -3.33% | 139.69% | -3.16% | -61.9% | -25.25% | -59.58% |
| Total Current Liabilities | 5.6M | 5.56M | 144.96M | 51.46M | 14.77M | 15.87M | 15.64M |
| Accounts Payable | 1.36M | 1.06M | 5.18M | 29.16M | 6.81M | 5.71M | 6.87M |
| Days Payables Outstanding | 14.66 | 14.61 | 38.62 | 218.37 | 132.67 | 153.59 | 190.74 |
| Short-Term Debt | 0 | 0 | 75.15M | 751.01K | 640.7K | 158.2K | 17.23K |
| Deferred Revenue (Current) | 710.15K | 2.52M | 3.99M | 7.43M | 1.21M | 5.69K | 18.03K |
| Other Current Liabilities | 4.16M | 1.64M | 50.44M | 11.81M | 4.97M | 5.17M | 4.57M |
| Current Ratio | 3.09x | 2.42x | 0.24x | 0.50x | 0.74x | 0.65x | 0.65x |
| Quick Ratio | 3.09x | 2.42x | 0.18x | 0.50x | 0.74x | 0.65x | 0.65x |
| Cash Conversion Cycle | - | - | 123.02 | - | -18.95 | - | -90.11 |
| Total Non-Current Liabilities | 776.19K | 790.38K | 4.11M | 3.37M | 1.21M | 1.19M | 1.89M |
| Long-Term Debt | 0 | 0 | 337.55K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 776.19K | 625.86K | 2.96M | 1.59M | 1.02M | 440.18K | 2.26M |
| Deferred Tax Liabilities | 0 | 0 | 0 | -194.09K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 164.51K | 815.41K | 1.78M | 190.38K | 745.96K | 3.35M |
| Total Liabilities | 6.37M | 6.35M | 149.08M | 54.83M | 15.98M | 17.05M | 17.53M |
| Total Debt | 1.15M | 928.58K | 79.65M | 2.34M | 1.66M | 1.21M | 826.45K |
| Net Debt | -14.19M | -9.42M | 70.12M | 804.78K | -1.26M | -3.75M | -4.05M |
| Debt / Equity | 0.06x | 0.05x | - | 0.89x | 0.28x | - | 1.17x |
| Debt / EBITDA | - | - | - | - | 0.12x | - | -0.18x |
| Net Debt / EBITDA | - | - | - | - | -0.09x | - | 0.87x |
| Interest Coverage | -579.36x | -385.87x | -58.95x | -22.04x | 98.89x | -207.15x | -24.33x |
| Total Equity | 19.24M▲ 0% | 18.41M▼ 4.3% | -89.74M▼ 587.4% | 2.63M▲ 102.9% | 5.91M▲ 125.0% | -687.95K▼ 111.6% | 706.88K▲ 0% |
| Equity Growth % | - | -4.3% | -587.43% | 102.93% | 124.97% | -111.63% | -18.19% |
| Book Value per Share | 4.06 | 3.88 | -18.93 | 0.55 | 0.54 | -0.08 | 0.07 |
| Total Shareholders' Equity | 4.81M | 18.41M | -89.8M | 6.82M | 8.95M | 2.28M | 3.68M |
| Common Stock | 15.63M | 88.88M | 8.53K | 13.9K | 16.98K | 24.75K | 24.91K |
| Retained Earnings | -11.23M | -74.65M | -216.07M | -332.56M | -329.51M | -339.85M | -339.41M |
| Treasury Stock | 0 | 0 | 0 | 0 | -507.68K | 0 | 0 |
| Accumulated OCI | -6.48K | 860.37K | 450.86K | -4.84M | -8.85M | -12.35M | -11.75M |
| Minority Interest | 0 | 0 | 66.38K | -4.19M | -3.04M | -2.97M | -2.97M |
SWVL Cash Flow Statement
Swvl Holdings Corp. (SWVL) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -39.99M | -30.55M | -62.13M | -117.46M | -9.11M | -3.57M | -3.57M |
| Operating CF Margin % | -323.74% | -176.44% | -243.06% | -273.18% | -39.84% | -20.72% | - |
| Operating CF Growth % | - | 23.61% | -103.41% | -89.04% | 92.25% | 60.84% | -143.27% |
| Net Income | -40.64M | -32.88M | -146.21M | -126.8M | 4.12M | -10.27M | -5.26M |
| Depreciation & Amortization | 253.07K | 487.41K | 739.58K | 4.28M | 752.78K | 470.14K | 316.94K |
| Stock-Based Compensation | 433.34K | 2.83M | 33.61M | -36.16M | 3.27M | 56.45K | 0 |
| Deferred Taxes | 0 | 0 | 1.98M | -52.33M | 0 | 0 | 0 |
| Other Non-Cash Items | 325.71K | 893.37K | 45.87M | 110.81M | -16.06M | 1.67M | 4.38M |
| Working Capital Changes | -360.89K | -1.87M | 1.87M | -17.26M | -1.18M | 4.51M | -203.22K |
| Change in Receivables | -837.75K | -1.79M | -4.83M | -11.91M | 3.92M | 2.13M | -684.37K |
| Change in Inventory | 837.75K | 1.79M | 4.83M | 0 | 0 | 0 | 0 |
| Change in Payables | 186.07K | -257.75K | 8.16M | -3.56M | -6.47M | 1.47M | 0 |
| Cash from Investing | -388.63K | -212.99K | -11.15M | -8.09M | 8.79M | 583.37K | 363.84K |
| Capital Expenditures | -388.63K | -212.99K | -321.69K | -2.48M | -275.39K | 0 | -2.95K |
| CapEx % of Revenue | 3.15% | 1.23% | 1.26% | 5.78% | 1.21% | 0% | - |
| Acquisitions | 0 | 0 | -823.45K | -743.29K | 8.4M | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -2.22K | 1.81M | 668.24K | 583.37K | 366.79K |
| Cash from Financing | 46.36M | 26.04M | 72.72M | 124.85M | 343.89K | 4.04M | 1.42M |
| Debt Issued (Net) | -195.97K | -335.69K | 72.72M | 25.16M | -445.57K | -411.16K | 0 |
| Equity Issued (Net) | 1000K | 1000K | 0 | 1000K | 789.46K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -500K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -26.38M | -2.65K | 38.91M | 0 | 0 | 1.42M |
| Net Change in Cash | 6.82M▲ 0% | -4.98M▼ 173.1% | -819.01K▲ 83.6% | -6.83M▼ 734.4% | 227.74K▲ 103.3% | 2.04M▲ 794.2% | 0▲ 0% |
| Free Cash Flow | -40.38M▲ 0% | -30.76M▲ 23.8% | -62.46M▼ 103.1% | -119.95M▼ 92.0% | -9.38M▲ 92.2% | -3.57M▲ 62.0% | -765.95K▲ 0% |
| FCF Margin % | -326.88% | -177.67% | -244.31% | -278.96% | -41.05% | -20.72% | -4.2% |
| FCF Growth % | - | 23.82% | -103.05% | -92.05% | 92.18% | 61.99% | 91.6% |
| FCF per Share | -8.52 | -6.49 | -13.18 | -25.11 | -0.85 | -0.41 | -0.41 |
| FCF Conversion (FCF/Net Income) | 1.13x | 1.03x | 0.44x | 1.01x | -2.98x | 0.34x | 0.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SWVL Key Ratios
Swvl Holdings Corp. (SWVL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -157.91% | - | -4430.89% | 71.55% | -395.6% | -744.21% |
| Return on Invested Capital (ROIC) | -262.5% | - | -1764.6% | 237.23% | -5982.19% | -5982.19% |
| Gross Margin | -24.33% | -22.63% | 0.42% | 17.99% | 21.15% | 21.54% |
| Net Margin | -171.7% | -553.47% | -270.94% | 13.37% | -60.08% | -28.82% |
| Debt / Equity | 0.05x | - | 0.89x | 0.28x | - | 1.17x |
| Interest Coverage | -385.87x | -58.95x | -22.04x | 98.89x | -207.15x | -24.33x |
| FCF Conversion | 1.03x | 0.44x | 1.01x | -2.98x | 0.34x | 0.15x |
| Revenue Growth | 40.16% | 47.66% | 68.19% | -46.85% | -24.7% | -20.11% |
SWVL Frequently Asked Questions
Swvl Holdings Corp. (SWVL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Swvl Holdings Corp. (SWVL) reported $18.3M in revenue for fiscal year 2024. This represents a 48% increase from $12.4M in 2019.
Swvl Holdings Corp. (SWVL) saw revenue decline by 24.7% over the past year.
Swvl Holdings Corp. (SWVL) reported a net loss of $5.3M for fiscal year 2024.
Dividend & Returns
Swvl Holdings Corp. (SWVL) has a return on equity (ROE) of -395.6%. Negative ROE indicates the company is unprofitable.
Swvl Holdings Corp. (SWVL) had negative free cash flow of $0.8M in fiscal year 2024, likely due to heavy capital investments.
Explore More SWVL
Swvl Holdings Corp. (SWVL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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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