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

Webull Corp is the larger business by last-quarter revenue ($131.5M vs $410.0K, roughly 320.7× Solowin Holdings, Ltd.). Webull Corp produced more free cash flow last quarter ($271.7M vs $-1.6M).

Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.

AXG vs BULL — Head-to-Head

Bigger by revenue
BULL
BULL
320.7× larger
BULL
$131.5M
$410.0K
AXG
More free cash flow
BULL
BULL
$273.3M more FCF
BULL
$271.7M
$-1.6M
AXG

Income Statement — Q2 2025 vs Q2 2025

Metric
AXG
AXG
BULL
BULL
Revenue
$410.0K
$131.5M
Net Profit
$-28.3M
Gross Margin
Operating Margin
-34.1%
-16.3%
Net Margin
-21.5%
Revenue YoY
46.3%
Net Profit YoY
-144.3%
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
BULL
BULL
Q2 25
$131.5M
Q3 24
$410.0K
Q2 24
$89.9M
Net Profit
AXG
AXG
BULL
BULL
Q2 25
$-28.3M
Q3 24
Q2 24
$-11.6M
Operating Margin
AXG
AXG
BULL
BULL
Q2 25
-16.3%
Q3 24
-34.1%
Q2 24
-11.4%
Net Margin
AXG
AXG
BULL
BULL
Q2 25
-21.5%
Q3 24
Q2 24
-12.9%

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
BULL
BULL
Cash + ST InvestmentsLiquidity on hand
$2.5M
$476.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$751.6M
Total Assets
$13.1M
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
BULL
BULL
Q2 25
$476.7M
Q3 24
$2.5M
Q2 24
Stockholders' Equity
AXG
AXG
BULL
BULL
Q2 25
$751.6M
Q3 24
$6.0M
Q2 24
$-2.9B
Total Assets
AXG
AXG
BULL
BULL
Q2 25
$2.6B
Q3 24
$13.1M
Q2 24

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
BULL
BULL
Operating Cash FlowLast quarter
$-1.6M
$272.1M
Free Cash FlowOCF − Capex
$-1.6M
$271.7M
FCF MarginFCF / Revenue
-392.9%
206.6%
Capex IntensityCapex / Revenue
4.4%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
BULL
BULL
Q2 25
$272.1M
Q3 24
$-1.6M
Q2 24
Free Cash Flow
AXG
AXG
BULL
BULL
Q2 25
$271.7M
Q3 24
$-1.6M
Q2 24
FCF Margin
AXG
AXG
BULL
BULL
Q2 25
206.6%
Q3 24
-392.9%
Q2 24
Capex Intensity
AXG
AXG
BULL
BULL
Q2 25
0.3%
Q3 24
4.4%
Q2 24

Financial Flow Comparison

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

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