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Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) 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× Navitas Semiconductor Corp). On growth, SWK Holdings Corp posted the faster year-over-year revenue change (-29.7% vs -59.4%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-8.2M). Over the past eight quarters, SWK Holdings Corp's revenue compounded faster (-12.5% CAGR vs -43.9%).
Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.
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.
NVTS vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $8.7M |
| Net Profit | $-31.8M | $-19.4M |
| Gross Margin | 38.1% | — |
| Operating Margin | -567.3% | 9.9% |
| Net Margin | -436.1% | — |
| Revenue YoY | -59.4% | -29.7% |
| Net Profit YoY | 20.2% | -430.2% |
| EPS (diluted) | $-0.14 | $-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 | $10.1M | $10.9M | ||
| Q2 25 | $14.5M | $10.1M | ||
| Q1 25 | $14.0M | $11.8M | ||
| Q4 24 | $18.0M | $12.4M | ||
| Q3 24 | $21.7M | $10.4M | ||
| Q2 24 | $20.5M | $10.8M | ||
| Q1 24 | $23.2M | $11.4M |
| Q4 25 | $-31.8M | $-19.4M | ||
| Q3 25 | $-19.2M | $8.8M | ||
| Q2 25 | $-49.1M | $3.5M | ||
| Q1 25 | $-16.8M | $4.5M | ||
| Q4 24 | $-39.9M | $5.9M | ||
| Q3 24 | $-18.7M | $3.5M | ||
| Q2 24 | $-22.3M | $3.7M | ||
| Q1 24 | $-3.7M | $468.0K |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 37.9% | — | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 37.9% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 39.7% | — | ||
| Q2 24 | 39.0% | — | ||
| Q1 24 | 41.1% | — |
| Q4 25 | -567.3% | 9.9% | ||
| Q3 25 | -192.0% | 61.3% | ||
| Q2 25 | -149.4% | 46.1% | ||
| Q1 25 | -180.5% | 68.6% | ||
| Q4 24 | -216.9% | 44.7% | ||
| Q3 24 | -133.6% | 39.2% | ||
| Q2 24 | -152.1% | 8.3% | ||
| Q1 24 | -136.2% | 9.5% |
| Q4 25 | -436.1% | — | ||
| Q3 25 | -190.2% | 80.7% | ||
| Q2 25 | -338.7% | 35.2% | ||
| Q1 25 | -120.1% | 38.4% | ||
| Q4 24 | -221.7% | 47.5% | ||
| Q3 24 | -86.4% | 33.3% | ||
| Q2 24 | -109.1% | 33.9% | ||
| Q1 24 | -15.9% | 4.1% |
| Q4 25 | $-0.14 | $-1.59 | ||
| Q3 25 | $-0.09 | $0.72 | ||
| Q2 25 | $-0.25 | $0.29 | ||
| Q1 25 | $-0.09 | $0.37 | ||
| Q4 24 | $-0.22 | $0.47 | ||
| Q3 24 | $-0.10 | $0.28 | ||
| Q2 24 | $-0.12 | $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 | $236.9M | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $443.7M | $235.1M |
| Total Assets | $500.5M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.9M | $42.8M | ||
| Q3 25 | $150.6M | $10.2M | ||
| Q2 25 | $161.2M | $8.0M | ||
| Q1 25 | $75.1M | $29.8M | ||
| Q4 24 | $86.7M | $5.9M | ||
| Q3 24 | $98.3M | $17.2M | ||
| Q2 24 | $111.7M | $5.5M | ||
| Q1 24 | $128.9M | $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 | $443.7M | $235.1M | ||
| Q3 25 | $371.0M | $254.2M | ||
| Q2 25 | $388.9M | $246.5M | ||
| Q1 25 | $341.8M | $292.7M | ||
| Q4 24 | $348.0M | $288.7M | ||
| Q3 24 | $380.8M | $283.4M | ||
| Q2 24 | $388.1M | $282.8M | ||
| Q1 24 | $397.9M | $279.9M |
| Q4 25 | $500.5M | $272.4M | ||
| Q3 25 | $430.2M | $289.4M | ||
| Q2 25 | $449.4M | $285.7M | ||
| Q1 25 | $370.8M | $331.3M | ||
| Q4 24 | $390.0M | $332.2M | ||
| Q3 24 | $419.4M | $321.3M | ||
| Q2 24 | $439.1M | $321.0M | ||
| Q1 24 | $467.9M | $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 | $-8.1M | $27.3M |
| Free Cash FlowOCF − Capex | $-8.2M | $26.8M |
| FCF MarginFCF / Revenue | -111.8% | 308.1% |
| Capex IntensityCapex / Revenue | 0.7% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-44.4M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.1M | $27.3M | ||
| Q3 25 | $-10.0M | $906.0K | ||
| Q2 25 | $-11.2M | $7.8M | ||
| Q1 25 | $-13.5M | $8.3M | ||
| Q4 24 | $-10.2M | $23.0M | ||
| Q3 24 | $-13.7M | $6.3M | ||
| Q2 24 | $-15.1M | $5.4M | ||
| Q1 24 | $-19.8M | $4.4M |
| Q4 25 | $-8.2M | $26.8M | ||
| Q3 25 | $-10.7M | $557.0K | ||
| Q2 25 | $-11.9M | $7.7M | ||
| Q1 25 | $-13.6M | $8.2M | ||
| Q4 24 | $-10.8M | $22.9M | ||
| Q3 24 | $-14.3M | $6.3M | ||
| Q2 24 | $-17.9M | $5.4M | ||
| Q1 24 | $-22.7M | — |
| Q4 25 | -111.8% | 308.1% | ||
| Q3 25 | -106.1% | 5.1% | ||
| Q2 25 | -82.2% | 77.0% | ||
| Q1 25 | -96.8% | 69.1% | ||
| Q4 24 | -59.8% | 185.3% | ||
| Q3 24 | -65.9% | 60.4% | ||
| Q2 24 | -87.3% | 49.7% | ||
| Q1 24 | -97.9% | — |
| Q4 25 | 0.7% | 5.9% | ||
| Q3 25 | 7.0% | 3.2% | ||
| Q2 25 | 4.7% | 0.6% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 3.1% | 1.1% | ||
| Q3 24 | 2.6% | 0.3% | ||
| Q2 24 | 13.4% | 0.2% | ||
| Q1 24 | 12.5% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 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
NVTS
Segment breakdown not available.
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
