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

Solowin Holdings, Ltd. is the larger business by last-quarter revenue ($410.0K vs $250.0K, roughly 1.6× ATIF Holdings Ltd).

ATIF Holdings Ltd is a professional business advisory service provider that mainly serves small and medium-sized enterprises across the Asia-Pacific region. It offers corporate strategic consulting, fundraising guidance, cross-border expansion support, and industry resource matching services for clients in technology, consumer goods, manufacturing and other key sectors.

AXG vs ZBAI — Head-to-Head

Bigger by revenue
AXG
AXG
1.6× larger
AXG
$410.0K
$250.0K
ZBAI

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
AXG
AXG
ZBAI
ZBAI
Revenue
$410.0K
$250.0K
Net Profit
$-1.6M
Gross Margin
Operating Margin
-34.1%
-75.6%
Net Margin
-635.6%
Revenue YoY
25.0%
Net Profit YoY
-96.8%
EPS (diluted)
$-0.09

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
ZBAI
ZBAI
Q2 25
$250.0K
Q1 25
$200.0K
Q3 24
$410.0K
$270.0K
Q2 24
$200.0K
Q1 24
$25.0K
Q4 23
$125.0K
Q3 23
$-1.2M
Q2 23
$300.0K
Net Profit
AXG
AXG
ZBAI
ZBAI
Q2 25
$-1.6M
Q1 25
$-1.9M
Q3 24
Q2 24
$-807.6K
Q1 24
$-407.6K
Q4 23
$-625.5K
Q3 23
$-3.2M
Q2 23
$-335.8K
Operating Margin
AXG
AXG
ZBAI
ZBAI
Q2 25
-75.6%
Q1 25
-175.4%
Q3 24
-34.1%
Q2 24
-260.6%
Q1 24
-2190.1%
Q4 23
-525.4%
Q3 23
103.9%
Q2 23
-200.6%
Net Margin
AXG
AXG
ZBAI
ZBAI
Q2 25
-635.6%
Q1 25
-951.7%
Q3 24
Q2 24
-403.8%
Q1 24
-1630.6%
Q4 23
-500.4%
Q3 23
275.2%
Q2 23
-111.9%
EPS (diluted)
AXG
AXG
ZBAI
ZBAI
Q2 25
$-0.09
Q1 25
$-0.16
Q3 24
Q2 24
$-0.08
Q1 24
$-0.04
Q4 23
$-0.06
Q3 23
$-0.34
Q2 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
AXG
AXG
ZBAI
ZBAI
Cash + ST InvestmentsLiquidity on hand
$2.5M
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$8.4M
Total Assets
$13.1M
$8.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXG
AXG
ZBAI
ZBAI
Q2 25
$7.8M
Q1 25
$8.0M
Q3 24
$2.5M
$1.7M
Q2 24
$2.3M
Q1 24
$139.2K
Q4 23
$361.2K
Q3 23
$736.7K
Q2 23
$467.6K
Stockholders' Equity
AXG
AXG
ZBAI
ZBAI
Q2 25
$8.4M
Q1 25
$7.9M
Q3 24
$6.0M
$1.8M
Q2 24
$3.1M
Q1 24
$506.3K
Q4 23
$913.9K
Q3 23
$1.5M
Q2 23
$4.8M
Total Assets
AXG
AXG
ZBAI
ZBAI
Q2 25
$8.7M
Q1 25
$8.6M
Q3 24
$13.1M
$3.0M
Q2 24
$3.3M
Q1 24
$2.5M
Q4 23
$3.0M
Q3 23
$3.8M
Q2 23
$8.2M

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
ZBAI
ZBAI
Operating Cash FlowLast quarter
$-1.6M
$-939.0K
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
ZBAI
ZBAI
Q2 25
$-939.0K
Q1 25
$-395.1K
Q3 24
$-1.6M
Q2 24
$-62.6K
Q1 24
$-212.8K
Q4 23
$195.4K
Q3 23
$-972.8K
Q2 23
$-606.4K
Free Cash Flow
AXG
AXG
ZBAI
ZBAI
Q2 25
Q1 25
Q3 24
$-1.6M
Q2 24
Q1 24
$-213.5K
Q4 23
$191.0K
Q3 23
$-980.3K
Q2 23
$-607.3K
FCF Margin
AXG
AXG
ZBAI
ZBAI
Q2 25
Q1 25
Q3 24
-392.9%
Q2 24
Q1 24
-854.1%
Q4 23
152.8%
Q3 23
83.1%
Q2 23
-202.4%
Capex Intensity
AXG
AXG
ZBAI
ZBAI
Q2 25
Q1 25
Q3 24
4.4%
Q2 24
0.0%
Q1 24
3.0%
Q4 23
3.5%
Q3 23
-0.6%
Q2 23
0.3%

Financial Flow Comparison

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

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