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Side-by-side financial comparison of Solowin Holdings, Ltd. (AXG) and Keros Therapeutics, Inc. (KROS). Click either name above to swap in a different company.

Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $385.0K, roughly 1.1× Keros Therapeutics, Inc.). Keros Therapeutics, Inc. produced more free cash flow last quarter ($106.0M vs $-1.6M).

Keros Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for hematological disorders, musculoskeletal diseases and anemia, serving underserved patient groups with unmet medical needs from its core U.S. base.

AXG vs KROS — Head-to-Head

Bigger by revenue
AXG
AXG
1.1× larger
AXG
$410.0K
$385.0K
KROS
More free cash flow
KROS
KROS
$107.6M more FCF
KROS
$106.0M
$-1.6M
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
KROS
KROS
Revenue
$410.0K
$385.0K
Net Profit
Gross Margin
Operating Margin
-34.1%
Net Margin
Revenue YoY
-87.3%
Net Profit YoY
49.0%
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
KROS
KROS
Q4 25
$385.0K
Q3 25
$14.3M
Q2 25
$18.2M
Q1 25
$211.2M
Q3 24
$410.0K
$388.0K
Q2 24
$37.0K
Q1 24
$83.0K
Q3 23
$8.0K
Net Profit
AXG
AXG
KROS
KROS
Q4 25
Q3 25
$-7.3M
Q2 25
$-30.7M
Q1 25
$148.5M
Q3 24
$-53.0M
Q2 24
$-45.3M
Q1 24
$-43.1M
Q3 23
$-39.4M
Operating Margin
AXG
AXG
KROS
KROS
Q4 25
Q3 25
-107.9%
Q2 25
-219.2%
Q1 25
72.0%
Q3 24
-34.1%
-15117.8%
Q2 24
-136321.6%
Q1 24
-58413.3%
Q3 23
-541000.0%
Net Margin
AXG
AXG
KROS
KROS
Q4 25
Q3 25
-51.0%
Q2 25
-169.0%
Q1 25
70.3%
Q3 24
-13648.5%
Q2 24
-122316.2%
Q1 24
-51944.6%
Q3 23
-493000.0%
EPS (diluted)
AXG
AXG
KROS
KROS
Q4 25
Q3 25
$-0.18
Q2 25
$-0.76
Q1 25
$3.62
Q3 24
$-1.41
Q2 24
$-1.25
Q1 24
$-1.21
Q3 23
$-1.33

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
KROS
KROS
Cash + ST InvestmentsLiquidity on hand
$2.5M
$287.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$303.1M
Total Assets
$13.1M
$338.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
KROS
KROS
Q4 25
$287.4M
Q3 25
$693.5M
Q2 25
$690.2M
Q1 25
$720.5M
Q3 24
$2.5M
$530.7M
Q2 24
$405.9M
Q1 24
$442.4M
Q3 23
$287.9M
Stockholders' Equity
AXG
AXG
KROS
KROS
Q4 25
$303.1M
Q3 25
$703.6M
Q2 25
$706.7M
Q1 25
$728.9M
Q3 24
$6.0M
$532.8M
Q2 24
$420.9M
Q1 24
$453.9M
Q3 23
$295.8M
Total Assets
AXG
AXG
KROS
KROS
Q4 25
$338.0M
Q3 25
$742.8M
Q2 25
$757.2M
Q1 25
$784.6M
Q3 24
$13.1M
$579.3M
Q2 24
$455.0M
Q1 24
$485.8M
Q3 23
$326.2M

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
KROS
KROS
Operating Cash FlowLast quarter
$-1.6M
$107.5M
Free Cash FlowOCF − Capex
$-1.6M
$106.0M
FCF MarginFCF / Revenue
-392.9%
27520.5%
Capex IntensityCapex / Revenue
4.4%
402.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$239.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
KROS
KROS
Q4 25
$107.5M
Q3 25
$3.2M
Q2 25
$-29.6M
Q1 25
$161.2M
Q3 24
$-1.6M
$-30.5M
Q2 24
$-39.8M
Q1 24
$-44.6M
Q3 23
$-34.0M
Free Cash Flow
AXG
AXG
KROS
KROS
Q4 25
$106.0M
Q3 25
$3.1M
Q2 25
$-30.3M
Q1 25
$160.6M
Q3 24
$-1.6M
$-30.9M
Q2 24
$-40.1M
Q1 24
$-45.5M
Q3 23
$-34.5M
FCF Margin
AXG
AXG
KROS
KROS
Q4 25
27520.5%
Q3 25
21.9%
Q2 25
-167.0%
Q1 25
76.0%
Q3 24
-392.9%
-7960.3%
Q2 24
-108408.1%
Q1 24
-54826.5%
Q3 23
-431650.0%
Capex Intensity
AXG
AXG
KROS
KROS
Q4 25
402.9%
Q3 25
0.9%
Q2 25
4.0%
Q1 25
0.3%
Q3 24
4.4%
99.5%
Q2 24
837.8%
Q1 24
1139.8%
Q3 23
6875.0%
Cash Conversion
AXG
AXG
KROS
KROS
Q4 25
Q3 25
Q2 25
Q1 25
1.09×
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

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