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

Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $227.7K, roughly 1.8× Safe Pro Group Inc.). Solowin Holdings, Ltd. produced more free cash flow last quarter ($-1.6M vs $-2.7M).

AXG vs SPAI — Head-to-Head

Bigger by revenue
AXG
AXG
1.8× larger
AXG
$410.0K
$227.7K
SPAI
More free cash flow
AXG
AXG
$1.1M more FCF
AXG
$-1.6M
$-2.7M
SPAI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AXG
AXG
SPAI
SPAI
Revenue
$410.0K
$227.7K
Net Profit
$-3.4M
Gross Margin
33.1%
Operating Margin
-34.1%
-1936.2%
Net Margin
-1507.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.16

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
SPAI
SPAI
Q4 25
$227.7K
Q3 25
$101.4K
Q2 25
$92.8K
Q1 25
$184.8K
Q3 24
$410.0K
$330.8K
Q2 24
$643.0K
Net Profit
AXG
AXG
SPAI
SPAI
Q4 25
$-3.4M
Q3 25
$-5.0M
Q2 25
$-1.9M
Q1 25
$-4.0M
Q3 24
$-3.7M
Q2 24
$-1.2M
Gross Margin
AXG
AXG
SPAI
SPAI
Q4 25
33.1%
Q3 25
33.1%
Q2 25
34.0%
Q1 25
33.3%
Q3 24
40.6%
Q2 24
28.7%
Operating Margin
AXG
AXG
SPAI
SPAI
Q4 25
-1936.2%
Q3 25
-4148.6%
Q2 25
-2073.6%
Q1 25
-2167.6%
Q3 24
-34.1%
-1070.9%
Q2 24
-174.6%
Net Margin
AXG
AXG
SPAI
SPAI
Q4 25
-1507.6%
Q3 25
-4940.1%
Q2 25
-2064.1%
Q1 25
-2145.5%
Q3 24
-1114.3%
Q2 24
-188.9%
EPS (diluted)
AXG
AXG
SPAI
SPAI
Q4 25
$-0.16
Q3 25
$-0.29
Q2 25
$-0.13
Q1 25
$-0.27
Q3 24
$-0.34
Q2 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
SPAI
SPAI
Cash + ST InvestmentsLiquidity on hand
$2.5M
Total DebtLower is stronger
$146.0K
Stockholders' EquityBook value
$6.0M
$17.7M
Total Assets
$13.1M
$19.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
SPAI
SPAI
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$2.5M
Q2 24
Total Debt
AXG
AXG
SPAI
SPAI
Q4 25
$146.0K
Q3 25
$146.0K
Q2 25
$146.0K
Q1 25
$146.0K
Q3 24
$146.0K
Q2 24
$256.0K
Stockholders' Equity
AXG
AXG
SPAI
SPAI
Q4 25
$17.7M
Q3 25
$8.4M
Q2 25
$2.6M
Q1 25
$2.6M
Q3 24
$6.0M
$4.2M
Q2 24
$531.4K
Total Assets
AXG
AXG
SPAI
SPAI
Q4 25
$19.1M
Q3 25
$9.7M
Q2 25
$3.5M
Q1 25
$3.7M
Q3 24
$13.1M
$5.5M
Q2 24
$3.0M
Debt / Equity
AXG
AXG
SPAI
SPAI
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.06×
Q1 25
0.06×
Q3 24
0.03×
Q2 24
0.48×

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
SPAI
SPAI
Operating Cash FlowLast quarter
$-1.6M
$-2.7M
Free Cash FlowOCF − Capex
$-1.6M
$-2.7M
FCF MarginFCF / Revenue
-392.9%
-1181.2%
Capex IntensityCapex / Revenue
4.4%
10.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXG
AXG
SPAI
SPAI
Q4 25
$-2.7M
Q3 25
$-1.6M
Q2 25
$-1.0M
Q1 25
$-941.8K
Q3 24
$-1.6M
$-1.9M
Q2 24
Free Cash Flow
AXG
AXG
SPAI
SPAI
Q4 25
$-2.7M
Q3 25
$-1.6M
Q2 25
$-1.0M
Q1 25
$-960.0K
Q3 24
$-1.6M
$-1.9M
Q2 24
FCF Margin
AXG
AXG
SPAI
SPAI
Q4 25
-1181.2%
Q3 25
-1579.6%
Q2 25
-1092.7%
Q1 25
-519.5%
Q3 24
-392.9%
-577.0%
Q2 24
Capex Intensity
AXG
AXG
SPAI
SPAI
Q4 25
10.0%
Q3 25
4.9%
Q2 25
3.0%
Q1 25
9.9%
Q3 24
4.4%
0.9%
Q2 24

Financial Flow Comparison

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

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