Solowin Holdings (AXG) Financial Statements & Analysis

Solowin Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Solowin Holdings income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Revenue & Gross Profit
Revenue	27.60	2.87	4.32	4.44	3.26	0.15
Cost of Revenue	2.83	2.71	1.21	0.01	2.31	0.05
Gross Profit	0.77	0.16	3.11	4.45	0.94	0.10
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	7.11	5.93	3.15	1.23	0.00
Operating Expenses	2.43	8.54	7.51	3.17	1.89	0.15
Operating Income	-1.67	-8.38	-4.40	1.29	-0.95	-0.05
Other Income/Expense
Interest Income	-	0.05	0.03	0.00	0.00	0.00
Interest Expense	0.00	0.01	0.00	0.00	0.23	0.04
Other Income/Expense	-0.04	-0.14	0.00	0.06	0.20	-0.03
Income
Income Before Tax	-13.29	-8.52	-4.40	1.35	-0.98	-0.08
Income Tax Expense	0.00	0.02	0.16	0.00	0.00	0.00
Net Income	-1.69	-8.54	-4.56	1.35	-0.98	-0.08
Net Income - Continuous Operations	-1.69	-8.54	-4.56	0.17	-0.98	-0.08
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-1.69	-8.42	-4.37	1.31	-0.73	-0.04
EBIT	-13.29	-8.51	-4.40	1.29	-0.75	-0.70
Depreciation & Amortization	0.02	0.10	0.03	0.00	0.02	0.00
Earnings Per Share
Basic EPS	-	-1.00	-	-	-	-
Diluted EPS	-	-1.00	-	-	-	-
Basic Shares Outstanding	124.90	16.13	13.72	12.00	12.00	27.59
Diluted Shares Outstanding	124.90	16.13	13.72	12.00	14.00	27.59

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Solowin Holdings Financial Statements

What was Solowin Holdings's revenue in fiscal 2026?

Solowin Holdings reported revenue of $27.59M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 863.2% from $2.87M a year earlier.

Is Solowin Holdings profitable?

No. Solowin Holdings reported a net loss of $1.69M in fiscal 2026. In fiscal 2025 it lost $8.54M.

What is Solowin Holdings's operating margin?

Solowin Holdings's operating income was −$1.67M on revenue of $27.59M in fiscal 2026, an operating margin of -6.0%, compared with -292.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition