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Side-by-side financial comparison of Intellicheck, Inc. (IDN) 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× Intellicheck, Inc.). On growth, Intellicheck, Inc. posted the faster year-over-year revenue change (11.8% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $2.4M). Over the past eight quarters, Intellicheck, Inc.'s revenue compounded faster (19.1% CAGR vs -12.5%).
Intellicheck, Inc. is a US-based technology company specializing in identity verification and fraud prevention solutions. It develops AI-powered tools to validate government-issued identification documents, streamline customer onboarding, and mitigate identity theft risks for clients across finance, retail, healthcare and public sector segments.
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.
IDN vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $8.7M |
| Net Profit | $1.6M | $-19.4M |
| Gross Margin | 91.4% | — |
| Operating Margin | 22.5% | 9.9% |
| Net Margin | 23.4% | — |
| Revenue YoY | 11.8% | -29.7% |
| Net Profit YoY | 218.0% | -430.2% |
| EPS (diluted) | $0.08 | $-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 | $6.0M | $10.9M | ||
| Q2 25 | $5.1M | $10.1M | ||
| Q1 25 | $4.9M | $11.8M | ||
| Q4 24 | $5.9M | $12.4M | ||
| Q3 24 | $4.7M | $10.4M | ||
| Q2 24 | $4.7M | $10.8M | ||
| Q1 24 | $4.7M | $11.4M |
| Q4 25 | $1.6M | $-19.4M | ||
| Q3 25 | $290.0K | $8.8M | ||
| Q2 25 | $-251.0K | $3.5M | ||
| Q1 25 | $-318.0K | $4.5M | ||
| Q4 24 | $488.0K | $5.9M | ||
| Q3 24 | $-837.0K | $3.5M | ||
| Q2 24 | $-127.0K | $3.7M | ||
| Q1 24 | $-442.0K | $468.0K |
| Q4 25 | 91.4% | — | ||
| Q3 25 | 90.5% | — | ||
| Q2 25 | 89.8% | — | ||
| Q1 25 | 89.7% | — | ||
| Q4 24 | 91.1% | — | ||
| Q3 24 | 91.0% | — | ||
| Q2 24 | 90.5% | — | ||
| Q1 24 | 90.7% | — |
| Q4 25 | 22.5% | 9.9% | ||
| Q3 25 | 4.0% | 61.3% | ||
| Q2 25 | -5.8% | 46.1% | ||
| Q1 25 | -7.1% | 68.6% | ||
| Q4 24 | 8.1% | 44.7% | ||
| Q3 24 | -19.3% | 39.2% | ||
| Q2 24 | -4.6% | 8.3% | ||
| Q1 24 | -11.2% | 9.5% |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 4.8% | 80.7% | ||
| Q2 25 | -4.9% | 35.2% | ||
| Q1 25 | -6.5% | 38.4% | ||
| Q4 24 | 8.2% | 47.5% | ||
| Q3 24 | -17.8% | 33.3% | ||
| Q2 24 | -2.7% | 33.9% | ||
| Q1 24 | -9.4% | 4.1% |
| Q4 25 | $0.08 | $-1.59 | ||
| Q3 25 | $0.01 | $0.72 | ||
| Q2 25 | $-0.01 | $0.29 | ||
| Q1 25 | $-0.02 | $0.37 | ||
| Q4 24 | $0.02 | $0.47 | ||
| Q3 24 | $-0.04 | $0.28 | ||
| Q2 24 | $-0.01 | $0.30 | ||
| Q1 24 | $-0.02 | $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 | $9.7M | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $20.7M | $235.1M |
| Total Assets | $24.5M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.7M | $42.8M | ||
| Q3 25 | $7.2M | $10.2M | ||
| Q2 25 | $8.6M | $8.0M | ||
| Q1 25 | $5.1M | $29.8M | ||
| Q4 24 | $4.7M | $5.9M | ||
| Q3 24 | $5.7M | $17.2M | ||
| Q2 24 | $7.3M | $5.5M | ||
| Q1 24 | $9.2M | $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 | $20.7M | $235.1M | ||
| Q3 25 | $18.9M | $254.2M | ||
| Q2 25 | $18.0M | $246.5M | ||
| Q1 25 | $17.6M | $292.7M | ||
| Q4 24 | $17.7M | $288.7M | ||
| Q3 24 | $16.7M | $283.4M | ||
| Q2 24 | $17.3M | $282.8M | ||
| Q1 24 | $17.2M | $279.9M |
| Q4 25 | $24.5M | $272.4M | ||
| Q3 25 | $25.3M | $289.4M | ||
| Q2 25 | $23.1M | $285.7M | ||
| Q1 25 | $24.6M | $331.3M | ||
| Q4 24 | $20.9M | $332.2M | ||
| Q3 24 | $20.7M | $321.3M | ||
| Q2 24 | $21.9M | $321.0M | ||
| Q1 24 | $22.6M | $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 | $2.4M | $27.3M |
| Free Cash FlowOCF − Capex | $2.4M | $26.8M |
| FCF MarginFCF / Revenue | 36.0% | 308.1% |
| Capex IntensityCapex / Revenue | 0.1% | 5.9% |
| Cash ConversionOCF / Net Profit | 1.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.5M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $27.3M | ||
| Q3 25 | $-1.7M | $906.0K | ||
| Q2 25 | $3.1M | $7.8M | ||
| Q1 25 | $750.0K | $8.3M | ||
| Q4 24 | $-1.3M | $23.0M | ||
| Q3 24 | $-1.1M | $6.3M | ||
| Q2 24 | $-1.2M | $5.4M | ||
| Q1 24 | $869.0K | $4.4M |
| Q4 25 | $2.4M | $26.8M | ||
| Q3 25 | $-1.8M | $557.0K | ||
| Q2 25 | $3.1M | $7.7M | ||
| Q1 25 | $741.0K | $8.2M | ||
| Q4 24 | $-1.3M | $22.9M | ||
| Q3 24 | $-1.1M | $6.3M | ||
| Q2 24 | $-1.2M | $5.4M | ||
| Q1 24 | $860.0K | — |
| Q4 25 | 36.0% | 308.1% | ||
| Q3 25 | -29.2% | 5.1% | ||
| Q2 25 | 60.9% | 77.0% | ||
| Q1 25 | 15.1% | 69.1% | ||
| Q4 24 | -22.4% | 185.3% | ||
| Q3 24 | -23.1% | 60.4% | ||
| Q2 24 | -25.5% | 49.7% | ||
| Q1 24 | 18.4% | — |
| Q4 25 | 0.1% | 5.9% | ||
| Q3 25 | 0.4% | 3.2% | ||
| Q2 25 | 0.3% | 0.6% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.2% | 0.0% |
| Q4 25 | 1.54× | — | ||
| Q3 25 | -5.99× | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | -2.71× | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IDN
Segment breakdown not available.
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
