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

OSR Holdings, Inc. is the larger business by last-quarter revenue ($627.7K vs $410.0K, roughly 1.5× Solowin Holdings, Ltd.).

AXG vs OSRH — Head-to-Head

Bigger by revenue
OSRH
OSRH
1.5× larger
OSRH
$627.7K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
AXG
AXG
OSRH
OSRH
Revenue
$410.0K
$627.7K
Net Profit
$-3.2M
Gross Margin
41.7%
Operating Margin
-34.1%
-605.9%
Net Margin
-508.9%
Revenue YoY
-23.7%
Net Profit YoY
-1283.3%
EPS (diluted)
$0.12

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
OSRH
OSRH
Q3 25
$627.7K
Q2 25
$1.1M
Q1 25
$761.3K
Q3 24
$410.0K
$823.0K
Q2 24
$881.8K
Q1 24
$910.2K
Net Profit
AXG
AXG
OSRH
OSRH
Q3 25
$-3.2M
Q2 25
$-5.2M
Q1 25
$-11.4M
Q3 24
$-231.0K
Q2 24
$-97.3K
Q1 24
$-60.4K
Gross Margin
AXG
AXG
OSRH
OSRH
Q3 25
41.7%
Q2 25
2.9%
Q1 25
22.2%
Q3 24
21.8%
Q2 24
26.3%
Q1 24
26.3%
Operating Margin
AXG
AXG
OSRH
OSRH
Q3 25
-605.9%
Q2 25
-460.5%
Q1 25
-383.3%
Q3 24
-34.1%
-433.4%
Q2 24
-364.0%
Q1 24
-362.8%
Net Margin
AXG
AXG
OSRH
OSRH
Q3 25
-508.9%
Q2 25
-460.2%
Q1 25
-1496.5%
Q3 24
-28.1%
Q2 24
-11.0%
Q1 24
-6.6%
EPS (diluted)
AXG
AXG
OSRH
OSRH
Q3 25
$0.12
Q2 25
Q1 25
Q3 24
$-0.06
Q2 24
$-0.02
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
OSRH
OSRH
Cash + ST InvestmentsLiquidity on hand
$2.5M
$2.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$134.2M
Total Assets
$13.1M
$177.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
OSRH
OSRH
Q3 25
$2.2M
Q2 25
$1.6M
Q1 25
$1.6M
Q3 24
$2.5M
$12.2K
Q2 24
$119.1K
Q1 24
$3.6K
Stockholders' Equity
AXG
AXG
OSRH
OSRH
Q3 25
$134.2M
Q2 25
$139.2M
Q1 25
$132.3M
Q3 24
$6.0M
$-5.8M
Q2 24
$-4.9M
Q1 24
$-4.3M
Total Assets
AXG
AXG
OSRH
OSRH
Q3 25
$177.3M
Q2 25
$185.4M
Q1 25
$174.6M
Q3 24
$13.1M
$20.9M
Q2 24
$20.6M
Q1 24
$37.3M

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
OSRH
OSRH
Operating Cash FlowLast quarter
$-1.6M
$-2.7M
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
OSRH
OSRH
Q3 25
$-2.7M
Q2 25
$-482.6K
Q1 25
$-64.1K
Q3 24
$-1.6M
$-686.5K
Q2 24
$-483.2K
Q1 24
$-498.8K
Free Cash Flow
AXG
AXG
OSRH
OSRH
Q3 25
Q2 25
Q1 25
Q3 24
$-1.6M
Q2 24
Q1 24
FCF Margin
AXG
AXG
OSRH
OSRH
Q3 25
Q2 25
Q1 25
Q3 24
-392.9%
Q2 24
Q1 24
Capex Intensity
AXG
AXG
OSRH
OSRH
Q3 25
Q2 25
Q1 25
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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