SWK Holdings Corp (SWKH) Financial Statements
Industry: Miscellaneous Business Credit Institution
In fiscal 2025, SWK reported revenue of $41.5M, down 7.8% from $45.0M the year before. Net income was -$2.5M (a -6.1% net margin), or -$0.21 per diluted share. Operating margin was 48.9%. Operating activities generated $27.3M of cash, leaving $26.8M of free cash flow. At fiscal year end, SWK held $272.4M in total assets against $37.3M in total liabilities, including $42.8M of cash and equivalents.
Open the full interactive SWK financials → Quarterly statements, key ratios, valuation history and price charts.
SWK Key Stats
| Share Price | $25.11 |
|---|---|
| Market Cap | $305.4M |
| Revenue YoY Growth | -7.8% |
| 52-Week Range | $23.23 – $25.14 |
| Shares Outstanding | 12.2 million (basic, 2025 Q4) |
SWK Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $36.7M | $56.2M | $41.5M | $37.8M | $45.0M | $41.5M |
| Cost of Goods Sold | $31.9M | $25.1M | -$10.0M | -$14.7M | — | — |
| Gross Profit | $4.8M | $31.0M | $51.5M | $52.4M | — | — |
| Operating Income | -$22.1M | $6.0M | $28.9M | $35.2M | $11.6M | $20.3M |
| Pre-Tax Income | $3.7M | $33.0M | $9.5M | $14.6M | $18.4M | $20.1M |
| Income Tax | -$1.5M | $7.1M | -$4.0M | -$1.3M | $4.9M | $22.6M |
| Net Income | $5.2M | $25.9M | $13.5M | $15.9M | $13.5M | -$2.5M |
| Diluted EPS | $0.40 | $2.02 | $1.05 | $1.25 | $1.08 | -$0.21 |
SWK Quarterly Results
| 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | |
|---|---|---|---|---|
| Revenue | $11.8M | $10.1M | $10.9M | $8.7M |
| Net Income | $4.5M | $3.5M | $8.8M | -$19.4M |
| Diluted EPS | $0.37 | $0.29 | $0.72 | -$1.59 |
SWK Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.0M | $42.9M | $6.2M | $4.5M | $5.9M | $42.8M |
| Current Assets | $6.7M | $47.4M | $10.4M | $11.9M | $20.3M | $46.8M |
| Total Assets | $273.9M | $282.7M | $299.6M | $334.3M | $332.2M | $272.4M |
| Current Liabilities | $15.4M | $5.1M | $6.3M | $3.9M | $5.6M | $5.0M |
| Total Long-Term Debt | — | — | — | $33.0M | $33.0M | $33.0M |
| Total Liabilities | $33.4M | $15.4M | $19.7M | $53.9M | $43.5M | $37.3M |
| Shareholders' Equity | $240.5M | $267.2M | $279.9M | $280.3M | $288.7M | $235.1M |
SWK Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $19.3M | $34.3M | $8.2M | $14.9M | $23.0M | $27.3M |
| Cash From Investing | -$35.2M | $25.8M | -$43.5M | -$48.9M | -$10.1M | $68.1M |
| Cash From Financing | $7.7M | -$20.2M | -$1.4M | $33.1M | -$12.2M | -$58.5M |
| Free Cash Flow | $15.3M | $33.2M | $7.9M | $14.4M | $22.9M | $26.8M |
Figures from SWK's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full SWK financials page for every line item.
SWK Company Profile
| Ticker | SWKH |
|---|---|
| Exchange | Nasdaq |
| Industry | Miscellaneous Business Credit Institution |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001089907 |
Frequently Asked Questions
What was SWK's revenue in fiscal 2025?
SWK (SWKH) reported revenue of $41.5M for fiscal 2025.
What is SWK's annual revenue history?
SWK's annual revenue by fiscal year: 2020: $36.7M; 2021: $56.2M; 2022: $41.5M; 2023: $37.8M; 2024: $45.0M; 2025: $41.5M.
What was SWK's net income in fiscal 2025?
SWK reported net income of -$2.5M for fiscal 2025.
What was SWK's earnings per share (EPS) in fiscal 2025?
SWK's diluted EPS was -$0.21 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did SWK generate in fiscal 2025?
SWK generated $26.8M of free cash flow in fiscal 2025.
What was SWK's revenue last quarter?
In its most recent reported quarter (2025 Q4), SWK reported revenue of $8.7M.
How much debt does SWK have?
SWK reported $33.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of SWK are outstanding?
SWK reported a weighted average of 12.2 million basic shares outstanding in 2025 Q4.
What is SWK's market cap?
Based on its latest closing price, SWK (SWKH) has a market capitalization of about $305.4M.
When does SWK's fiscal year end?
SWK's fiscal year end, as registered with the SEC, is December 31.
Where is SWK headquartered?
SWK lists its business address in Dallas, Texas in its SEC filings.