SWKH (SWK Holdings Corporation) Stock Financials & Earnings | Market Cap Arena

SWKH (SWK Holdings Corporation) Stock Financials & Earnings | Market Cap Arena

SWKHSWK Holdings Corporation

Mkt Cap$202M

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Revenue (TTM)$45M

Net Income (TTM)$23M

EPS (TTM)$1.85

Free Cash Flow (TTM)$23M

Gross Margin95.3%

Op. Margin55.3%

Net Margin50.4%

FCF Margin51.6%

P/S Ratio (TTM)4.5x

P/E Ratio (TTM)8.9x

YoY Rev Growth+6.1%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 18

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$10M	$8M	-$4M
Q1 23	$9M	$9M	$5M
Q2 23	$9M	$8M	$5M
Q3 23	$9M	$8M	$4M
Q4 23	$10M	$9M	$329K
Q1 24	$11M	$11M	$1M
Q2 24	$11M	$10M	$901K
Q3 24	$10M	$10M	$4M
Q4 24	$12M	$12M	$6M
Q1 25	$12M	$11M	$8M
Q2 25	$10M	$9M	$5M
Q3 25	$11M	$11M	$7M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	4.9x	15.0x
Q1 23	5.1x	13.8x
Q2 23	4.8x	11.2x
Q3 23	5.4x	12.7x
Q4 23	5.4x	12.7x
Q1 24	5.1x	17.3x
Q2 24	4.9x	17.6x
Q3 24	4.8x	19.3x
Q4 24	4.5x	15.0x
Q1 25	4.4x	11.5x
Q2 25	4.5x	11.6x
Q3 25	4.5x	8.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$3M	$3M
Q1 23	$664K	$656K
Q2 23	$5M	$5M
Q3 23	$4M	$4M
Q4 23	$6M	$6M
Q1 24	$4M	$4M
Q2 24	$5M	$5M
Q3 24	$6M	$6M
Q4 24	$7M	$7M
Q1 25	$8M	$8M
Q2 25	$8M	$8M
Q3 25	$906K	$557K

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$103K
Q1 23	$8K
Q2 23	$183K
Q3 23	$108K
Q4 23	$197K
Q1 24	$0
Q2 24	$0
Q3 24	$29K
Q4 24	$88K
Q1 25	$100K
Q2 25	$63K
Q3 25	$349K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-34.5%	+115.3%
Q1 23	-15.5%	-30.0%
Q2 23	+36.8%	-7.3%
Q3 23	-34.2%	-32.4%
Q4 23	+0.9%	-29.8%
Q1 24	+20.7%	+151.4%
Q2 24	+14.2%	+106.2%
Q3 24	+16.2%	+36.7%
Q4 24	+25.0%	-28.5%
Q1 25	+4.2%	-63.8%
Q2 25	-7.3%	-45.5%
Q3 25	+4.5%	-33.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$190K	1.9%
Q1 23	$35K	0.4%
Q2 23	$164K	1.7%
Q3 23	$170K	1.9%
Q4 23	$140K	1.4%
Q1 24	$111K	1.0%
Q2 24	$249K	2.3%
Q3 24	$348K	3.3%
Q4 24	$236K	1.9%
Q1 25	$307K	2.6%
Q2 25	$301K	3.0%
Q3 25	$286K	2.6%

OpEx Breakdown

Quarter	R&D	G&A
Q4 22	—	$2M
Q1 23	—	$3M
Q2 23	—	$3M
Q3 23	—	$3M
Q4 23	—	$3M
Q1 24	—	$3M
Q2 24	—	$3M
Q3 24	$585K	$3M
Q4 24	$568K	$3M
Q1 25	$758K	$3M
Q2 25	—	$3M
Q3 25	—	$3M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$6M	$0	$6M
Q1 23	$3M	$0	$3M
Q2 23	$7M	$0	$7M
Q3 23	$31M	$0	$31M
Q4 23	$5M	$0	$5M
Q1 24	$5M	$0	$5M
Q2 24	$6M	$0	$6M
Q3 24	$17M	$0	$17M
Q4 24	$6M	$0	$6M
Q1 25	$30M	$0	$30M
Q2 25	$8M	$0	$8M
Q3 25	$10M	$0	$10M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	13M	+0.5%
Q1 23	13M	-0.3%
Q2 23	13M	-0.7%
Q3 23	13M	-1.6%
Q4 23	12M	-0.7%
Q1 24	13M	+0.3%
Q2 24	13M	-0.1%
Q3 24	12M	-1.0%
Q4 24	12M	+0.3%
Q1 25	12M	-1.7%
Q2 25	12M	-0.3%
Q3 25	12M	-0.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	$2M	3
FY 14	$6M	3
FY 15	$8M	3
FY 16	$6M	4
FY 17	$9M	4
FY 18	$0	5
FY 19	$1M	30
FY 20	$1M	34
FY 21	$2M	35
FY 22	$2M	21
FY 23	$2M	23
FY 24	$2M	24