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Side-by-side financial comparison of ABVC BIOPHARMA, INC. (ABVC) and Solowin Holdings, Ltd. (AXG). Click either name above to swap in a different company.

ABVC BIOPHARMA, INC. is the larger business by last-quarter revenue ($796.0K vs $410.0K, roughly 1.9× Solowin Holdings, Ltd.).

ABVC Biopharma Inc. is a clinical-stage biopharmaceutical enterprise focused on developing innovative therapies for unmet medical needs, with core areas including oncology, ophthalmology, and central nervous system disorders. It operates across North American and Asian markets, advancing multiple proprietary drug candidates through clinical development phases.

ABVC vs AXG — Head-to-Head

Bigger by revenue
ABVC
ABVC
1.9× larger
ABVC
$796.0K
$410.0K
AXG

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ABVC
ABVC
AXG
AXG
Revenue
$796.0K
$410.0K
Net Profit
$-2.0M
Gross Margin
100.0%
Operating Margin
-246.8%
-34.1%
Net Margin
-256.6%
Revenue YoY
104.5%
Net Profit YoY
-417.4%
EPS (diluted)
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABVC
ABVC
AXG
AXG
Q3 25
$796.0K
Q4 24
$2.0K
Q3 24
$389.3K
$410.0K
Q2 24
$117.1K
Q1 24
$1.2K
Q4 23
$2.2K
Q3 23
$15.9K
Q2 23
$6.1K
Net Profit
ABVC
ABVC
AXG
AXG
Q3 25
$-2.0M
Q4 24
Q3 24
$-394.8K
Q2 24
$-942.3K
Q1 24
$-2.8M
Q4 23
Q3 23
$-3.3M
Q2 23
$-2.3M
Gross Margin
ABVC
ABVC
AXG
AXG
Q3 25
100.0%
Q4 24
100.0%
Q3 24
99.9%
Q2 24
99.8%
Q1 24
77.0%
Q4 23
Q3 23
Q2 23
Operating Margin
ABVC
ABVC
AXG
AXG
Q3 25
-246.8%
Q4 24
Q3 24
-77.7%
-34.1%
Q2 24
-734.2%
Q1 24
-235539.8%
Q4 23
Q3 23
-13566.3%
Q2 23
-35911.6%
Net Margin
ABVC
ABVC
AXG
AXG
Q3 25
-256.6%
Q4 24
Q3 24
-101.4%
Q2 24
-804.4%
Q1 24
-235203.2%
Q4 23
Q3 23
-20885.9%
Q2 23
-37052.1%
EPS (diluted)
ABVC
ABVC
AXG
AXG
Q3 25
$-0.09
Q4 24
Q3 24
$-0.03
Q2 24
$-0.08
Q1 24
$-0.29
Q4 23
Q3 23
$-0.82
Q2 23
$-0.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABVC
ABVC
AXG
AXG
Cash + ST InvestmentsLiquidity on hand
$257.2K
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$12.1M
$6.0M
Total Assets
$21.2M
$13.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABVC
ABVC
AXG
AXG
Q3 25
$257.2K
Q4 24
$313.1K
Q3 24
$208.2K
$2.5M
Q2 24
$200.0K
Q1 24
$106.4K
Q4 23
$139.5K
Q3 23
$568.6K
Q2 23
$176.1K
Stockholders' Equity
ABVC
ABVC
AXG
AXG
Q3 25
$12.1M
Q4 24
$1.2M
Q3 24
$1.6M
$6.0M
Q2 24
$1.8M
Q1 24
$1.7M
Q4 23
$1.6M
Q3 23
$9.1M
Q2 23
$-379.3K
Total Assets
ABVC
ABVC
AXG
AXG
Q3 25
$21.2M
Q4 24
$7.5M
Q3 24
$7.8M
$13.1M
Q2 24
$8.0M
Q1 24
$8.0M
Q4 23
$7.8M
Q3 23
$16.6M
Q2 23
$9.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABVC
ABVC
AXG
AXG
Operating Cash FlowLast quarter
$-964.7K
$-1.6M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-392.9%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABVC
ABVC
AXG
AXG
Q3 25
$-964.7K
Q4 24
$-1.8M
Q3 24
$60.2K
$-1.6M
Q2 24
$-211.4K
Q1 24
$-955.8K
Q4 23
$-4.2M
Q3 23
$-1.4M
Q2 23
$-899.8K
Free Cash Flow
ABVC
ABVC
AXG
AXG
Q3 25
Q4 24
Q3 24
$-1.6M
Q2 24
Q1 24
Q4 23
$-4.2M
Q3 23
Q2 23
FCF Margin
ABVC
ABVC
AXG
AXG
Q3 25
Q4 24
Q3 24
-392.9%
Q2 24
Q1 24
Q4 23
-194367.2%
Q3 23
Q2 23
Capex Intensity
ABVC
ABVC
AXG
AXG
Q3 25
Q4 24
Q3 24
4.4%
Q2 24
Q1 24
Q4 23
979.3%
Q3 23
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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