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

Hyperliquid Strategies Inc is the larger business by last-quarter revenue ($500.0K vs $410.0K, roughly 1.2× Solowin Holdings, Ltd.).

AXG vs PURR — Head-to-Head

Bigger by revenue
PURR
PURR
1.2× larger
PURR
$500.0K
$410.0K
AXG

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
PURR
PURR
Revenue
$410.0K
$500.0K
Net Profit
$-304.5M
Gross Margin
Operating Margin
-34.1%
-57509.2%
Net Margin
-60892.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-7.43

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
PURR
PURR
Q4 25
$500.0K
Q3 24
$410.0K
Net Profit
AXG
AXG
PURR
PURR
Q4 25
$-304.5M
Q3 24
Operating Margin
AXG
AXG
PURR
PURR
Q4 25
-57509.2%
Q3 24
-34.1%
Net Margin
AXG
AXG
PURR
PURR
Q4 25
-60892.6%
Q3 24
EPS (diluted)
AXG
AXG
PURR
PURR
Q4 25
$-7.43
Q3 24

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
PURR
PURR
Cash + ST InvestmentsLiquidity on hand
$2.5M
$281.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$589.8M
Total Assets
$13.1M
$616.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
PURR
PURR
Q4 25
$281.9M
Q3 24
$2.5M
Stockholders' Equity
AXG
AXG
PURR
PURR
Q4 25
$589.8M
Q3 24
$6.0M
Total Assets
AXG
AXG
PURR
PURR
Q4 25
$616.6M
Q3 24
$13.1M

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
PURR
PURR
Operating Cash FlowLast quarter
$-1.6M
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
PURR
PURR
Q4 25
Q3 24
$-1.6M
Free Cash Flow
AXG
AXG
PURR
PURR
Q4 25
Q3 24
$-1.6M
FCF Margin
AXG
AXG
PURR
PURR
Q4 25
Q3 24
-392.9%
Capex Intensity
AXG
AXG
PURR
PURR
Q4 25
Q3 24
4.4%

Financial Flow Comparison

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

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