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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $8.6M, roughly 1.0× Affinity Bancshares, Inc.). On growth, Affinity Bancshares, Inc. posted the faster year-over-year revenue change (12.8% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $11.2M). Over the past eight quarters, Affinity Bancshares, Inc.'s revenue compounded faster (8.1% CAGR vs -12.5%).
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
AFBI vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.6M | $8.7M |
| Net Profit | $2.1M | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | 35.9% | 9.9% |
| Net Margin | 24.9% | — |
| Revenue YoY | 12.8% | -29.7% |
| Net Profit YoY | 58.5% | -430.2% |
| EPS (diluted) | $0.34 | $-1.59 |
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.
| Q4 25 | $8.6M | $8.7M | ||
| Q3 25 | $8.4M | $10.9M | ||
| Q2 25 | $8.3M | $10.1M | ||
| Q1 25 | $7.8M | $11.8M | ||
| Q4 24 | $7.6M | $12.4M | ||
| Q3 24 | $8.0M | $10.4M | ||
| Q2 24 | $8.3M | $10.8M | ||
| Q1 24 | $7.3M | $11.4M |
| Q4 25 | $2.1M | $-19.4M | ||
| Q3 25 | $2.2M | $8.8M | ||
| Q2 25 | $2.2M | $3.5M | ||
| Q1 25 | $1.8M | $4.5M | ||
| Q4 24 | $1.3M | $5.9M | ||
| Q3 24 | $1.7M | $3.5M | ||
| Q2 24 | $1.0M | $3.7M | ||
| Q1 24 | $1.3M | $468.0K |
| Q4 25 | 35.9% | 9.9% | ||
| Q3 25 | 34.9% | 61.3% | ||
| Q2 25 | 34.1% | 46.1% | ||
| Q1 25 | 30.8% | 68.6% | ||
| Q4 24 | 21.1% | 44.7% | ||
| Q3 24 | 28.5% | 39.2% | ||
| Q2 24 | 16.2% | 8.3% | ||
| Q1 24 | 24.0% | 9.5% |
| Q4 25 | 24.9% | — | ||
| Q3 25 | 26.5% | 80.7% | ||
| Q2 25 | 25.9% | 35.2% | ||
| Q1 25 | 23.4% | 38.4% | ||
| Q4 24 | 17.7% | 47.5% | ||
| Q3 24 | 21.7% | 33.3% | ||
| Q2 24 | 12.5% | 33.9% | ||
| Q1 24 | 18.2% | 4.1% |
| Q4 25 | $0.34 | $-1.59 | ||
| Q3 25 | $0.34 | $0.72 | ||
| Q2 25 | $0.33 | $0.29 | ||
| Q1 25 | $0.28 | $0.37 | ||
| Q4 24 | $0.21 | $0.47 | ||
| Q3 24 | $0.26 | $0.28 | ||
| Q2 24 | $0.16 | $0.30 | ||
| Q1 24 | $0.20 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $53.9M | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $127.0M | $235.1M |
| Total Assets | $881.7M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.9M | $42.8M | ||
| Q3 25 | $84.8M | $10.2M | ||
| Q2 25 | $89.7M | $8.0M | ||
| Q1 25 | $74.7M | $29.8M | ||
| Q4 24 | $41.4M | $5.9M | ||
| Q3 24 | $52.3M | $17.2M | ||
| Q2 24 | $50.4M | $5.5M | ||
| Q1 24 | $61.4M | $5.5M |
| Q4 25 | — | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | $127.0M | $235.1M | ||
| Q3 25 | $125.4M | $254.2M | ||
| Q2 25 | $124.1M | $246.5M | ||
| Q1 25 | $122.3M | $292.7M | ||
| Q4 24 | $129.1M | $288.7M | ||
| Q3 24 | $128.4M | $283.4M | ||
| Q2 24 | $125.1M | $282.8M | ||
| Q1 24 | $123.3M | $279.9M |
| Q4 25 | $881.7M | $272.4M | ||
| Q3 25 | $925.2M | $289.4M | ||
| Q2 25 | $933.8M | $285.7M | ||
| Q1 25 | $912.5M | $331.3M | ||
| Q4 24 | $866.8M | $332.2M | ||
| Q3 24 | $878.6M | $321.3M | ||
| Q2 24 | $873.6M | $321.0M | ||
| Q1 24 | $869.5M | $322.0M |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.6M | $27.3M |
| Free Cash FlowOCF − Capex | $11.2M | $26.8M |
| FCF MarginFCF / Revenue | 130.9% | 308.1% |
| Capex IntensityCapex / Revenue | 4.9% | 5.9% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $20.3M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.6M | $27.3M | ||
| Q3 25 | $3.7M | $906.0K | ||
| Q2 25 | $3.8M | $7.8M | ||
| Q1 25 | $1.9M | $8.3M | ||
| Q4 24 | $6.8M | $23.0M | ||
| Q3 24 | $4.1M | $6.3M | ||
| Q2 24 | $619.0K | $5.4M | ||
| Q1 24 | $1.2M | $4.4M |
| Q4 25 | $11.2M | $26.8M | ||
| Q3 25 | $3.6M | $557.0K | ||
| Q2 25 | $3.7M | $7.7M | ||
| Q1 25 | $1.8M | $8.2M | ||
| Q4 24 | $6.4M | $22.9M | ||
| Q3 24 | $4.0M | $6.3M | ||
| Q2 24 | $489.0K | $5.4M | ||
| Q1 24 | $1.1M | — |
| Q4 25 | 130.9% | 308.1% | ||
| Q3 25 | 43.3% | 5.1% | ||
| Q2 25 | 44.0% | 77.0% | ||
| Q1 25 | 22.7% | 69.1% | ||
| Q4 24 | 83.9% | 185.3% | ||
| Q3 24 | 49.5% | 60.4% | ||
| Q2 24 | 5.9% | 49.7% | ||
| Q1 24 | 14.8% | — |
| Q4 25 | 4.9% | 5.9% | ||
| Q3 25 | 0.8% | 3.2% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 1.9% | 0.8% | ||
| Q4 24 | 5.6% | 1.1% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 1.6% | 0.2% | ||
| Q1 24 | 1.8% | 0.0% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 1.66× | 0.10× | ||
| Q2 25 | 1.75× | 2.21× | ||
| Q1 25 | 1.05× | 1.82× | ||
| Q4 24 | 5.05× | 3.93× | ||
| Q3 24 | 2.36× | 1.82× | ||
| Q2 24 | 0.60× | 1.47× | ||
| Q1 24 | 0.91× | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFBI
Segment breakdown not available.
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
