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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and HWH International Inc. (HWH). Click either name above to swap in a different company.
Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $206.8K, roughly 2.0× HWH International Inc.). HWH International Inc. produced more free cash flow last quarter ($-217.9K vs $-1.6M).
HWH International Inc operates in the global luxury hospitality and lifestyle services industry, providing premium travel membership programs, curated high-end travel experiences, and exclusive access to luxury resorts, fine dining venues, and premium leisure facilities. Its key markets include North America, Asia Pacific, and Europe, serving high-net-worth individuals and corporate clients.
AXG vs HWH — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $410.0K | $206.8K |
| Net Profit | — | $-291.0K |
| Gross Margin | — | 59.8% |
| Operating Margin | -34.1% | -142.7% |
| Net Margin | — | -140.7% |
| Revenue YoY | — | -40.2% |
| Net Profit YoY | — | 46.9% |
| 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.
| Q3 25 | — | $206.8K | ||
| Q2 25 | — | $310.4K | ||
| Q4 24 | — | $287.1K | ||
| Q3 24 | $410.0K | $345.5K | ||
| Q2 24 | — | $334.9K | ||
| Q1 24 | — | $286.1K |
| Q3 25 | — | $-291.0K | ||
| Q2 25 | — | $83.4K | ||
| Q4 24 | — | $-476.7K | ||
| Q3 24 | — | $-548.5K | ||
| Q2 24 | — | $-387.9K | ||
| Q1 24 | — | $-1.3M |
| Q3 25 | — | 59.8% | ||
| Q2 25 | — | 48.0% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 49.2% | ||
| Q1 24 | — | 57.1% |
| Q3 25 | — | -142.7% | ||
| Q2 25 | — | 24.5% | ||
| Q4 24 | — | -170.2% | ||
| Q3 24 | -34.1% | -155.5% | ||
| Q2 24 | — | -120.5% | ||
| Q1 24 | — | -467.1% |
| Q3 25 | — | -140.7% | ||
| Q2 25 | — | 26.9% | ||
| Q4 24 | — | -166.1% | ||
| Q3 24 | — | -158.7% | ||
| Q2 24 | — | -115.8% | ||
| Q1 24 | — | -467.2% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5M | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.0M | $2.8M |
| Total Assets | $13.1M | $5.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $3.7M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | $2.5M | $836.3K | ||
| Q2 24 | — | $958.9K | ||
| Q1 24 | — | $1.1M |
| Q3 25 | — | $2.8M | ||
| Q2 25 | — | $3.2M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | $6.0M | $-374.9K | ||
| Q2 24 | — | $-3.6M | ||
| Q1 24 | — | $-3.1M |
| Q3 25 | — | $5.2M | ||
| Q2 25 | — | $10.6M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | $13.1M | $2.9M | ||
| Q2 24 | — | $3.1M | ||
| Q1 24 | — | $2.6M |
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 | $-1.6M | $-199.9K |
| Free Cash FlowOCF − Capex | $-1.6M | $-217.9K |
| FCF MarginFCF / Revenue | -392.9% | -105.4% |
| Capex IntensityCapex / Revenue | 4.4% | 8.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-199.9K | ||
| Q2 25 | — | $26.9K | ||
| Q4 24 | — | $-415.2K | ||
| Q3 24 | $-1.6M | $-275.0K | ||
| Q2 24 | — | $-490.8K | ||
| Q1 24 | — | $-638.2K |
| Q3 25 | — | $-217.9K | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $-415.5K | ||
| Q3 24 | $-1.6M | $-277.1K | ||
| Q2 24 | — | $-516.8K | ||
| Q1 24 | — | $-640.3K |
| Q3 25 | — | -105.4% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | -144.7% | ||
| Q3 24 | -392.9% | -80.2% | ||
| Q2 24 | — | -154.3% | ||
| Q1 24 | — | -223.8% |
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 4.4% | 0.6% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 0.7% |
| Q3 25 | — | — | ||
| Q2 25 | — | 0.32× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
