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

SeaStar Medical Holding Corp is the larger business by last-quarter revenue ($420.0K vs $410.0K, roughly 1.0× Solowin Holdings, Ltd.).

ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, a...

AXG vs ICU — Head-to-Head

Bigger by revenue
ICU
ICU
1.0× larger
ICU
$420.0K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
ICU
ICU
Revenue
$410.0K
$420.0K
Net Profit
$-2.9M
Gross Margin
97.1%
Operating Margin
-34.1%
-718.6%
Net Margin
-691.4%
Revenue YoY
526.9%
Net Profit YoY
34.3%
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
ICU
ICU
Q4 25
$420.0K
Q3 25
$183.0K
Q2 25
$338.0K
Q1 25
$293.0K
Q4 24
$67.0K
Q3 24
$410.0K
$68.0K
Q2 24
$0
Q1 24
$0
Net Profit
AXG
AXG
ICU
ICU
Q4 25
$-2.9M
Q3 25
$-3.5M
Q2 25
$-2.0M
Q1 25
$-3.8M
Q4 24
$-4.4M
Q3 24
$-4.5M
Q2 24
$-3.2M
Q1 24
$-12.7M
Gross Margin
AXG
AXG
ICU
ICU
Q4 25
97.1%
Q3 25
92.3%
Q2 25
92.0%
Q1 25
100.0%
Q4 24
100.0%
Q3 24
100.0%
Q2 24
Q1 24
Operating Margin
AXG
AXG
ICU
ICU
Q4 25
-718.6%
Q3 25
-1955.7%
Q2 25
-519.5%
Q1 25
-1304.4%
Q4 24
-7114.9%
Q3 24
-34.1%
-6552.9%
Q2 24
Q1 24
Net Margin
AXG
AXG
ICU
ICU
Q4 25
-691.4%
Q3 25
-1897.3%
Q2 25
-592.3%
Q1 25
-1287.4%
Q4 24
-6595.5%
Q3 24
-6585.3%
Q2 24
Q1 24
EPS (diluted)
AXG
AXG
ICU
ICU
Q4 25
Q3 25
Q2 25
$-0.18
Q1 25
$-0.44
Q4 24
$0.23
Q3 24
$-1.10
Q2 24
$-1.03
Q1 24
$-4.73

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
ICU
ICU
Cash + ST InvestmentsLiquidity on hand
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$10.4M
Total Assets
$13.1M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
ICU
ICU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
Q1 24
Total Debt
AXG
AXG
ICU
ICU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
$0
Q1 24
$1.1M
Stockholders' Equity
AXG
AXG
ICU
ICU
Q4 25
$10.4M
Q3 25
$11.5M
Q2 25
$3.3M
Q1 25
$565.0K
Q4 24
$-2.2M
Q3 24
$6.0M
$-2.1K
Q2 24
$-6.9M
Q1 24
$-4.5M
Total Assets
AXG
AXG
ICU
ICU
Q4 25
$14.2M
Q3 25
$15.5M
Q2 25
$8.4M
Q1 25
$7.6M
Q4 24
$4.7M
Q3 24
$13.1M
$4.6M
Q2 24
$3.5M
Q1 24
$7.7M

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
ICU
ICU
Operating Cash FlowLast quarter
$-1.6M
$-4.1M
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
ICU
ICU
Q4 25
$-4.1M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-2.7M
Q4 24
$-4.7M
Q3 24
$-1.6M
$-5.0M
Q2 24
$-2.8M
Q1 24
$-3.5M
Free Cash Flow
AXG
AXG
ICU
ICU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-1.6M
Q2 24
Q1 24
FCF Margin
AXG
AXG
ICU
ICU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-392.9%
Q2 24
Q1 24
Capex Intensity
AXG
AXG
ICU
ICU
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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