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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) 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 $6.6M, roughly 1.3× Falcon's Beyond Global, Inc.). On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs -12.5%).
500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.
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.
FBYD vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $8.7M |
| Net Profit | $-296.0K | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | -30.9% | 9.9% |
| Net Margin | -4.5% | — |
| Revenue YoY | 383.5% | -29.7% |
| Net Profit YoY | 97.5% | -430.2% |
| EPS (diluted) | $-0.01 | $-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 | $6.6M | $8.7M | ||
| Q3 25 | $4.1M | $10.9M | ||
| Q2 25 | $2.5M | $10.1M | ||
| Q1 25 | $1.7M | $11.8M | ||
| Q4 24 | $1.4M | $12.4M | ||
| Q3 24 | $2.1M | $10.4M | ||
| Q2 24 | $1.8M | $10.8M | ||
| Q1 24 | $1.5M | $11.4M |
| Q4 25 | $-296.0K | $-19.4M | ||
| Q3 25 | $-10.4M | $8.8M | ||
| Q2 25 | $25.1M | $3.5M | ||
| Q1 25 | $-8.1M | $4.5M | ||
| Q4 24 | $-11.9M | $5.9M | ||
| Q3 24 | $39.3M | $3.5M | ||
| Q2 24 | $8.0M | $3.7M | ||
| Q1 24 | $114.0M | $468.0K |
| Q4 25 | -30.9% | 9.9% | ||
| Q3 25 | -90.9% | 61.3% | ||
| Q2 25 | -53.0% | 46.1% | ||
| Q1 25 | -371.1% | 68.6% | ||
| Q4 24 | -335.6% | 44.7% | ||
| Q3 24 | -118.9% | 39.2% | ||
| Q2 24 | -195.9% | 8.3% | ||
| Q1 24 | -350.5% | 9.5% |
| Q4 25 | -4.5% | — | ||
| Q3 25 | -256.8% | 80.7% | ||
| Q2 25 | 985.2% | 35.2% | ||
| Q1 25 | -473.8% | 38.4% | ||
| Q4 24 | -871.7% | 47.5% | ||
| Q3 24 | 1899.5% | 33.3% | ||
| Q2 24 | 446.5% | 33.9% | ||
| Q1 24 | 7521.4% | 4.1% |
| Q4 25 | $-0.01 | $-1.59 | ||
| Q3 25 | $-0.13 | $0.72 | ||
| Q2 25 | $0.30 | $0.29 | ||
| Q1 25 | $-0.13 | $0.37 | ||
| Q4 24 | $-0.25 | $0.47 | ||
| Q3 24 | $0.39 | $0.28 | ||
| Q2 24 | $0.00 | $0.30 | ||
| Q1 24 | $1.27 | $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 | $1.9M | $42.8M |
| Total DebtLower is stronger | $15.6M | $33.0M |
| Stockholders' EquityBook value | $11.9M | $235.1M |
| Total Assets | $66.7M | $272.4M |
| Debt / EquityLower = less leverage | 1.31× | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $42.8M | ||
| Q3 25 | $4.3M | $10.2M | ||
| Q2 25 | $26.1M | $8.0M | ||
| Q1 25 | $1.1M | $29.8M | ||
| Q4 24 | $825.0K | $5.9M | ||
| Q3 24 | $828.0K | $17.2M | ||
| Q2 24 | $1.7M | $5.5M | ||
| Q1 24 | $1.1M | $5.5M |
| Q4 25 | $15.6M | $33.0M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $33.0M | ||
| Q4 24 | $41.2M | $33.0M | ||
| Q3 24 | $10.3M | $33.0M | ||
| Q2 24 | $15.7M | $33.0M | ||
| Q1 24 | $15.1M | $33.0M |
| Q4 25 | $11.9M | $235.1M | ||
| Q3 25 | $9.2M | $254.2M | ||
| Q2 25 | $414.0K | $246.5M | ||
| Q1 25 | $-11.6M | $292.7M | ||
| Q4 24 | $-9.0M | $288.7M | ||
| Q3 24 | $-1.4M | $283.4M | ||
| Q2 24 | $-44.7M | $282.8M | ||
| Q1 24 | $-61.7M | $279.9M |
| Q4 25 | $66.7M | $272.4M | ||
| Q3 25 | $66.8M | $289.4M | ||
| Q2 25 | $89.2M | $285.7M | ||
| Q1 25 | $56.7M | $331.3M | ||
| Q4 24 | $61.2M | $332.2M | ||
| Q3 24 | $66.5M | $321.3M | ||
| Q2 24 | $65.9M | $321.0M | ||
| Q1 24 | $67.8M | $322.0M |
| Q4 25 | 1.31× | 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 | $-4.3M | $27.3M |
| Free Cash FlowOCF − Capex | $-4.3M | $26.8M |
| FCF MarginFCF / Revenue | -66.0% | 308.1% |
| Capex IntensityCapex / Revenue | 0.3% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.3M | $27.3M | ||
| Q3 25 | $-13.3M | $906.0K | ||
| Q2 25 | $-7.9M | $7.8M | ||
| Q1 25 | $945.0K | $8.3M | ||
| Q4 24 | $-3.8M | $23.0M | ||
| Q3 24 | $-2.4M | $6.3M | ||
| Q2 24 | $-2.6M | $5.4M | ||
| Q1 24 | $-3.8M | $4.4M |
| Q4 25 | $-4.3M | $26.8M | ||
| Q3 25 | $-13.4M | $557.0K | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | $853.0K | $8.2M | ||
| Q4 24 | $-3.8M | $22.9M | ||
| Q3 24 | $-2.4M | $6.3M | ||
| Q2 24 | $-2.6M | $5.4M | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | -66.0% | 308.1% | ||
| Q3 25 | -329.6% | 5.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | 49.9% | 69.1% | ||
| Q4 24 | -278.7% | 185.3% | ||
| Q3 24 | -114.9% | 60.4% | ||
| Q2 24 | -145.6% | 49.7% | ||
| Q1 24 | -248.8% | — |
| Q4 25 | 0.3% | 5.9% | ||
| Q3 25 | 1.0% | 3.2% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 5.4% | 0.8% | ||
| Q4 24 | 0.1% | 1.1% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.1% | 0.2% | ||
| Q1 24 | 0.3% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | -0.31× | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | -0.06× | 1.82× | ||
| Q2 24 | -0.33× | 1.47× | ||
| Q1 24 | -0.03× | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBYD
Segment breakdown not available.
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
