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

BLACKBOXSTOCKS INC. is the larger business by last-quarter revenue ($628.4K vs $410.0K, roughly 1.5× Solowin Holdings, Ltd.).

Blackboxstocks Inc. is a US-based fintech firm operating a subscription trading analytics platform for retail and active traders. It provides real-time market data, trade signals, analytical tools and social trading features for equity, options and digital asset markets, making institutional-grade trading resources accessible to individual users.

AXG vs BLBX — Head-to-Head

Bigger by revenue
BLBX
BLBX
1.5× larger
BLBX
$628.4K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
BLBX
BLBX
Revenue
$410.0K
$628.4K
Net Profit
$-1.6M
Gross Margin
60.6%
Operating Margin
-34.1%
-248.0%
Net Margin
-255.8%
Revenue YoY
7.4%
Net Profit YoY
-69.4%
EPS (diluted)

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
AXG
AXG
BLBX
BLBX
Q4 25
$628.4K
Q3 25
$697.0K
Q2 25
$518.8K
Q1 25
$587.1K
Q4 24
$585.0K
Q3 24
$410.0K
$647.8K
Q2 24
$684.7K
Q1 24
$649.4K
Net Profit
AXG
AXG
BLBX
BLBX
Q4 25
$-1.6M
Q3 25
$-720.6K
Q2 25
$-1.3M
Q1 25
$-829.1K
Q4 24
$-948.7K
Q3 24
$-780.8K
Q2 24
$-877.9K
Q1 24
$-863.7K
Gross Margin
AXG
AXG
BLBX
BLBX
Q4 25
60.6%
Q3 25
53.7%
Q2 25
32.2%
Q1 25
41.6%
Q4 24
26.5%
Q3 24
54.7%
Q2 24
48.0%
Q1 24
44.9%
Operating Margin
AXG
AXG
BLBX
BLBX
Q4 25
-248.0%
Q3 25
-63.0%
Q2 25
-220.4%
Q1 25
-151.2%
Q4 24
-151.5%
Q3 24
-34.1%
-113.3%
Q2 24
-120.5%
Q1 24
-133.0%
Net Margin
AXG
AXG
BLBX
BLBX
Q4 25
-255.8%
Q3 25
-103.4%
Q2 25
-244.7%
Q1 25
-141.2%
Q4 24
-162.2%
Q3 24
-120.5%
Q2 24
-128.2%
Q1 24
-133.0%

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
BLBX
BLBX
Cash + ST InvestmentsLiquidity on hand
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$5.7M
Total Assets
$13.1M
$8.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
BLBX
BLBX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.5M
$60.9K
Q2 24
$1.1M
Q1 24
$115.0K
Stockholders' Equity
AXG
AXG
BLBX
BLBX
Q4 25
$5.7M
Q3 25
$4.8M
Q2 25
$3.6M
Q1 25
$4.7M
Q4 24
$5.4M
Q3 24
$6.0M
$6.3M
Q2 24
$5.8M
Q1 24
$6.5M
Total Assets
AXG
AXG
BLBX
BLBX
Q4 25
$8.7M
Q3 25
$8.8M
Q2 25
$9.9M
Q1 25
$10.2M
Q4 24
$9.9M
Q3 24
$13.1M
$10.0M
Q2 24
$9.9M
Q1 24
$9.0M

Cash Flow & Capital Efficiency

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

Metric
AXG
AXG
BLBX
BLBX
Operating Cash FlowLast quarter
$-1.6M
$-510.4K
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
AXG
AXG
BLBX
BLBX
Q4 25
$-510.4K
Q3 25
$-955.9K
Q2 25
$-1.1M
Q1 25
$-643.7K
Q4 24
$-24.4K
Q3 24
$-1.6M
$5.8K
Q2 24
$-333.4K
Q1 24
$-353.8K
Free Cash Flow
AXG
AXG
BLBX
BLBX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-1.6M
Q2 24
Q1 24
FCF Margin
AXG
AXG
BLBX
BLBX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-392.9%
Q2 24
Q1 24
Capex Intensity
AXG
AXG
BLBX
BLBX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
4.4%
0.0%
Q2 24
Q1 24

Financial Flow Comparison

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

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