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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $7.3M, roughly 1.2× Coda Octopus Group, Inc.). On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $2.5M). Over the past eight quarters, Coda Octopus Group, Inc.'s revenue compounded faster (27.7% CAGR vs -12.5%).
CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
CODA vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $8.7M |
| Net Profit | $1.0M | $-19.4M |
| Gross Margin | 67.6% | — |
| Operating Margin | 19.3% | 9.9% |
| Net Margin | 14.1% | — |
| Revenue YoY | 43.8% | -29.7% |
| Net Profit YoY | 214.3% | -430.2% |
| EPS (diluted) | $0.10 | $-1.59 |
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.
| Q4 25 | $7.3M | $8.7M | ||
| Q3 25 | $7.1M | $10.9M | ||
| Q2 25 | $7.0M | $10.1M | ||
| Q1 25 | $5.2M | $11.8M | ||
| Q4 24 | $5.1M | $12.4M | ||
| Q3 24 | $5.5M | $10.4M | ||
| Q2 24 | $5.3M | $10.8M | ||
| Q1 24 | $4.5M | $11.4M |
| Q4 25 | $1.0M | $-19.4M | ||
| Q3 25 | $1.3M | $8.8M | ||
| Q2 25 | $908.8K | $3.5M | ||
| Q1 25 | $913.0K | $4.5M | ||
| Q4 24 | $326.2K | $5.9M | ||
| Q3 24 | $1.3M | $3.5M | ||
| Q2 24 | $1.4M | $3.7M | ||
| Q1 24 | $629.9K | $468.0K |
| Q4 25 | 67.6% | — | ||
| Q3 25 | 68.3% | — | ||
| Q2 25 | 64.1% | — | ||
| Q1 25 | 65.8% | — | ||
| Q4 24 | 65.3% | — | ||
| Q3 24 | 73.9% | — | ||
| Q2 24 | 70.2% | — | ||
| Q1 24 | 69.2% | — |
| Q4 25 | 19.3% | 9.9% | ||
| Q3 25 | 19.5% | 61.3% | ||
| Q2 25 | 15.5% | 46.1% | ||
| Q1 25 | 12.7% | 68.6% | ||
| Q4 24 | 5.7% | 44.7% | ||
| Q3 24 | 25.4% | 39.2% | ||
| Q2 24 | 25.4% | 8.3% | ||
| Q1 24 | 12.4% | 9.5% |
| Q4 25 | 14.1% | — | ||
| Q3 25 | 18.2% | 80.7% | ||
| Q2 25 | 13.0% | 35.2% | ||
| Q1 25 | 17.5% | 38.4% | ||
| Q4 24 | 6.5% | 47.5% | ||
| Q3 24 | 23.3% | 33.3% | ||
| Q2 24 | 26.6% | 33.9% | ||
| Q1 24 | 14.1% | 4.1% |
| Q4 25 | $0.10 | $-1.59 | ||
| Q3 25 | $0.11 | $0.72 | ||
| Q2 25 | $0.08 | $0.29 | ||
| Q1 25 | $0.08 | $0.37 | ||
| Q4 24 | $0.02 | $0.47 | ||
| Q3 24 | $0.11 | $0.28 | ||
| Q2 24 | $0.13 | $0.30 | ||
| Q1 24 | $0.06 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.7M | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $58.1M | $235.1M |
| Total Assets | $64.5M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.7M | $42.8M | ||
| Q3 25 | $26.2M | $10.2M | ||
| Q2 25 | $24.5M | $8.0M | ||
| Q1 25 | $22.5M | $29.8M | ||
| Q4 24 | $22.5M | $5.9M | ||
| Q3 24 | $25.2M | $17.2M | ||
| Q2 24 | $23.7M | $5.5M | ||
| Q1 24 | $25.0M | $5.5M |
| Q4 25 | — | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | $58.1M | $235.1M | ||
| Q3 25 | $57.3M | $254.2M | ||
| Q2 25 | $55.9M | $246.5M | ||
| Q1 25 | $53.1M | $292.7M | ||
| Q4 24 | $53.1M | $288.7M | ||
| Q3 24 | $52.8M | $283.4M | ||
| Q2 24 | $51.1M | $282.8M | ||
| Q1 24 | $50.1M | $279.9M |
| Q4 25 | $64.5M | $272.4M | ||
| Q3 25 | $61.9M | $289.4M | ||
| Q2 25 | $60.6M | $285.7M | ||
| Q1 25 | $56.9M | $331.3M | ||
| Q4 24 | $57.5M | $332.2M | ||
| Q3 24 | $55.9M | $321.3M | ||
| Q2 24 | $54.0M | $321.0M | ||
| Q1 24 | $53.0M | $322.0M |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.9M | $27.3M |
| Free Cash FlowOCF − Capex | $2.5M | $26.8M |
| FCF MarginFCF / Revenue | 34.9% | 308.1% |
| Capex IntensityCapex / Revenue | 5.0% | 5.9% |
| Cash ConversionOCF / Net Profit | 2.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.0M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $27.3M | ||
| Q3 25 | $2.2M | $906.0K | ||
| Q2 25 | $1.5M | $7.8M | ||
| Q1 25 | $641.5K | $8.3M | ||
| Q4 24 | $2.0M | $23.0M | ||
| Q3 24 | $1.7M | $6.3M | ||
| Q2 24 | $-955.8K | $5.4M | ||
| Q1 24 | $-298.0K | $4.4M |
| Q4 25 | $2.5M | $26.8M | ||
| Q3 25 | $1.6M | $557.0K | ||
| Q2 25 | $1.4M | $7.7M | ||
| Q1 25 | $513.4K | $8.2M | ||
| Q4 24 | $1.9M | $22.9M | ||
| Q3 24 | $1.5M | $6.3M | ||
| Q2 24 | $-1.1M | $5.4M | ||
| Q1 24 | $-433.6K | — |
| Q4 25 | 34.9% | 308.1% | ||
| Q3 25 | 22.6% | 5.1% | ||
| Q2 25 | 19.9% | 77.0% | ||
| Q1 25 | 9.9% | 69.1% | ||
| Q4 24 | 38.5% | 185.3% | ||
| Q3 24 | 28.2% | 60.4% | ||
| Q2 24 | -20.9% | 49.7% | ||
| Q1 24 | -9.7% | — |
| Q4 25 | 5.0% | 5.9% | ||
| Q3 25 | 8.6% | 3.2% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 0.9% | 1.1% | ||
| Q3 24 | 3.0% | 0.3% | ||
| Q2 24 | 2.9% | 0.2% | ||
| Q1 24 | 3.0% | 0.0% |
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.72× | 0.10× | ||
| Q2 25 | 1.61× | 2.21× | ||
| Q1 25 | 0.70× | 1.82× | ||
| Q4 24 | 6.11× | 3.93× | ||
| Q3 24 | 1.34× | 1.82× | ||
| Q2 24 | -0.68× | 1.47× | ||
| Q1 24 | -0.47× | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CODA
| Segment Reporting | $3.1M | 42% |
| Transferred At Point In Time | $1.8M | 24% |
| Precision Acoustics Limited | $1.3M | 18% |
| Other | $1.1M | 15% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
