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

DYADIC INTERNATIONAL INC is the larger business by last-quarter revenue ($565.5K vs $410.0K, roughly 1.4× Solowin Holdings, Ltd.).

Dyadic International Inc is a global biotechnology firm that develops and manufactures proprietary high-performance enzymes, biologic therapies and sustainable bioproducts. It serves pharma, industrial biotech, agricultural and environmental sectors across North America, Europe and Asia Pacific, using its patented C1 gene expression platform to drive cost-effective scalable biomanufacturing.

AXG vs DYAI — Head-to-Head

Bigger by revenue
DYAI
DYAI
1.4× larger
DYAI
$565.5K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
DYAI
DYAI
Revenue
$410.0K
$565.5K
Net Profit
$-1.6M
Gross Margin
Operating Margin
-34.1%
-271.6%
Net Margin
-277.1%
Revenue YoY
-30.8%
Net Profit YoY
-1.1%
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
DYAI
DYAI
Q4 25
$565.5K
Q3 25
$1.2M
Q2 25
$966.6K
Q1 25
$393.6K
Q4 24
$817.4K
Q3 24
$410.0K
$2.0M
Q2 24
$385.9K
Q1 24
$334.6K
Net Profit
AXG
AXG
DYAI
DYAI
Q4 25
$-1.6M
Q3 25
$-2.0M
Q2 25
$-1.8M
Q1 25
$-2.0M
Q4 24
$-1.6M
Q3 24
$-203.5K
Q2 24
$-2.0M
Q1 24
$-2.0M
Gross Margin
AXG
AXG
DYAI
DYAI
Q4 25
Q3 25
12.1%
Q2 25
Q1 25
Q4 24
56.8%
Q3 24
79.8%
Q2 24
21.8%
Q1 24
57.0%
Operating Margin
AXG
AXG
DYAI
DYAI
Q4 25
-271.6%
Q3 25
-165.3%
Q2 25
-178.9%
Q1 25
-508.8%
Q4 24
-187.2%
Q3 24
-34.1%
-10.4%
Q2 24
-529.3%
Q1 24
-635.2%
Net Margin
AXG
AXG
DYAI
DYAI
Q4 25
-277.1%
Q3 25
-169.7%
Q2 25
-185.6%
Q1 25
-515.2%
Q4 24
-189.7%
Q3 24
-10.4%
Q2 24
-530.0%
Q1 24
-600.6%
EPS (diluted)
AXG
AXG
DYAI
DYAI
Q4 25
Q3 25
$-0.06
Q2 25
$-0.06
Q1 25
Q4 24
Q3 24
$-0.01
Q2 24
$-0.07
Q1 24

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
DYAI
DYAI
Cash + ST InvestmentsLiquidity on hand
$2.5M
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$1.2M
Total Assets
$13.1M
$9.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
DYAI
DYAI
Q4 25
$7.3M
Q3 25
$8.9M
Q2 25
$5.0M
Q1 25
$7.4M
Q4 24
$9.3M
Q3 24
$2.5M
$5.9M
Q2 24
$6.1M
Q1 24
$10.6M
Stockholders' Equity
AXG
AXG
DYAI
DYAI
Q4 25
$1.2M
Q3 25
$2.6M
Q2 25
$-529.7K
Q1 25
$923.6K
Q4 24
$2.5M
Q3 24
$6.0M
$3.4M
Q2 24
$3.2M
Q1 24
$4.5M
Total Assets
AXG
AXG
DYAI
DYAI
Q4 25
$9.9M
Q3 25
$11.7M
Q2 25
$8.1M
Q1 25
$7.9M
Q4 24
$9.9M
Q3 24
$13.1M
$10.8M
Q2 24
$10.6M
Q1 24
$12.7M

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
DYAI
DYAI
Operating Cash FlowLast quarter
$-1.6M
$-1.8M
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
DYAI
DYAI
Q4 25
$-1.8M
Q3 25
$-1.9M
Q2 25
$-130.0K
Q1 25
$-1.9M
Q4 24
$-696.4K
Q3 24
$-1.6M
$-201.1K
Q2 24
$-2.0M
Q1 24
$-1.1M
Free Cash Flow
AXG
AXG
DYAI
DYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-1.6M
Q2 24
Q1 24
FCF Margin
AXG
AXG
DYAI
DYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-392.9%
Q2 24
Q1 24
Capex Intensity
AXG
AXG
DYAI
DYAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
4.4%
Q2 24
Q1 24

Financial Flow Comparison

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

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