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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and Future Vision II Acquisition Corp. (FVN). Click either name above to swap in a different company.

Future Vision II Acquisition Corp. is the larger business by last-quarter revenue ($584.4K vs $410.0K, roughly 1.4× Solowin Holdings, Ltd.).

Future Vision II Acquisition Corp is a special purpose acquisition company formed to pursue mergers, asset acquisitions, or business combinations with high-growth enterprises. It targets technology, consumer, and sustainable industry segments across North American and Asia-Pacific markets to drive long-term shareholder value.

AXG vs FVN — Head-to-Head

Bigger by revenue
FVN
FVN
1.4× larger
FVN
$584.4K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
FVN
FVN
Revenue
$410.0K
$584.4K
Net Profit
$507.0K
Gross Margin
Operating Margin
-34.1%
-14.4%
Net Margin
86.8%
Revenue YoY
Net Profit YoY
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
FVN
FVN
Q4 25
$584.4K
Q3 25
$618.7K
Q2 25
$614.4K
Q1 25
$612.4K
Q3 24
$410.0K
$147.8K
Net Profit
AXG
AXG
FVN
FVN
Q4 25
$507.0K
Q3 25
$557.2K
Q2 25
$551.9K
Q1 25
$454.3K
Q3 24
$141.9K
Operating Margin
AXG
AXG
FVN
FVN
Q4 25
-14.4%
Q3 25
-11.2%
Q2 25
-11.5%
Q1 25
-27.3%
Q3 24
-34.1%
-4.5%
Net Margin
AXG
AXG
FVN
FVN
Q4 25
86.8%
Q3 25
90.1%
Q2 25
89.8%
Q1 25
74.2%
Q3 24
96.0%

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
FVN
FVN
Cash + ST InvestmentsLiquidity on hand
$2.5M
$61.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$1.8M
Total Assets
$13.1M
$62.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
FVN
FVN
Q4 25
$61.0M
Q3 25
Q2 25
Q1 25
Q3 24
$2.5M
$1.3M
Stockholders' Equity
AXG
AXG
FVN
FVN
Q4 25
$1.8M
Q3 25
$3.1M
Q2 25
$4.3M
Q1 25
$7.0M
Q3 24
$6.0M
$6.7M
Total Assets
AXG
AXG
FVN
FVN
Q4 25
$62.1M
Q3 25
$61.6M
Q2 25
$61.0M
Q1 25
$60.4M
Q3 24
$13.1M
$59.4M

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
FVN
FVN
Operating Cash FlowLast quarter
$-1.6M
$-99.4K
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-392.9%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
-0.20×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
FVN
FVN
Q4 25
$-99.4K
Q3 25
$-7.1K
Q2 25
$-11.2K
Q1 25
$-190.1K
Q3 24
$-1.6M
Free Cash Flow
AXG
AXG
FVN
FVN
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$-1.6M
FCF Margin
AXG
AXG
FVN
FVN
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
-392.9%
Capex Intensity
AXG
AXG
FVN
FVN
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
4.4%
Cash Conversion
AXG
AXG
FVN
FVN
Q4 25
-0.20×
Q3 25
-0.01×
Q2 25
-0.02×
Q1 25
-0.42×
Q3 24

Financial Flow Comparison

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

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