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Side-by-side financial comparison of Silence Therapeutics plc (SLN) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.

Silence Therapeutics plc is the larger business by last-quarter revenue ($15.7M vs $8.7M, roughly 1.8× SWK Holdings Corp).

Silence Therapeutics is a London-based pharmaceutical company formed in 1994. The company has pioneered the development of short-interfering ribonucleic acid (siRNA) therapeutics for the treatment of rare diseases. Silence Therapeutics has offices in London, New Jersey, and Berlin, with its corporate headquarters located in Hammersmith, London.

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.

SLN vs SWKH — Head-to-Head

Bigger by revenue
SLN
SLN
1.8× larger
SLN
$15.7M
$8.7M
SWKH

Income Statement — Q1 FY2024 vs Q4 FY2025

Metric
SLN
SLN
SWKH
SWKH
Revenue
$15.7M
$8.7M
Net Profit
$-2.3M
$-19.4M
Gross Margin
82.2%
Operating Margin
-35.6%
9.9%
Net Margin
-14.7%
Revenue YoY
-29.7%
Net Profit YoY
-430.2%
EPS (diluted)
$-0.02
$-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.

Revenue
SLN
SLN
SWKH
SWKH
Q4 25
$8.7M
Q3 25
$10.9M
Q2 25
$10.1M
Q1 25
$11.8M
Q4 24
$12.4M
Q3 24
$10.4M
Q2 24
$10.8M
Q1 24
$15.7M
$11.4M
Net Profit
SLN
SLN
SWKH
SWKH
Q4 25
$-19.4M
Q3 25
$8.8M
Q2 25
$3.5M
Q1 25
$4.5M
Q4 24
$5.9M
Q3 24
$3.5M
Q2 24
$3.7M
Q1 24
$-2.3M
$468.0K
Gross Margin
SLN
SLN
SWKH
SWKH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
82.2%
Operating Margin
SLN
SLN
SWKH
SWKH
Q4 25
9.9%
Q3 25
61.3%
Q2 25
46.1%
Q1 25
68.6%
Q4 24
44.7%
Q3 24
39.2%
Q2 24
8.3%
Q1 24
-35.6%
9.5%
Net Margin
SLN
SLN
SWKH
SWKH
Q4 25
Q3 25
80.7%
Q2 25
35.2%
Q1 25
38.4%
Q4 24
47.5%
Q3 24
33.3%
Q2 24
33.9%
Q1 24
-14.7%
4.1%
EPS (diluted)
SLN
SLN
SWKH
SWKH
Q4 25
$-1.59
Q3 25
$0.72
Q2 25
$0.29
Q1 25
$0.37
Q4 24
$0.47
Q3 24
$0.28
Q2 24
$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
SLN
SLN
SWKH
SWKH
Cash + ST InvestmentsLiquidity on hand
$42.8M
Total DebtLower is stronger
$33.0M
Stockholders' EquityBook value
$156.8M
$235.1M
Total Assets
$272.4M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLN
SLN
SWKH
SWKH
Q4 25
$42.8M
Q3 25
$10.2M
Q2 25
$8.0M
Q1 25
$29.8M
Q4 24
$5.9M
Q3 24
$17.2M
Q2 24
$5.5M
Q1 24
$5.5M
Total Debt
SLN
SLN
SWKH
SWKH
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
Stockholders' Equity
SLN
SLN
SWKH
SWKH
Q4 25
$235.1M
Q3 25
$254.2M
Q2 25
$246.5M
Q1 25
$292.7M
Q4 24
$288.7M
Q3 24
$283.4M
Q2 24
$282.8M
Q1 24
$156.8M
$279.9M
Total Assets
SLN
SLN
SWKH
SWKH
Q4 25
$272.4M
Q3 25
$289.4M
Q2 25
$285.7M
Q1 25
$331.3M
Q4 24
$332.2M
Q3 24
$321.3M
Q2 24
$321.0M
Q1 24
$322.0M
Debt / Equity
SLN
SLN
SWKH
SWKH
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
SLN
SLN
SWKH
SWKH
Operating Cash FlowLast quarter
$-9.1M
$27.3M
Free Cash FlowOCF − Capex
$26.8M
FCF MarginFCF / Revenue
308.1%
Capex IntensityCapex / Revenue
0.0%
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLN
SLN
SWKH
SWKH
Q4 25
$27.3M
Q3 25
$906.0K
Q2 25
$7.8M
Q1 25
$8.3M
Q4 24
$23.0M
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
$-9.1M
$4.4M
Free Cash Flow
SLN
SLN
SWKH
SWKH
Q4 25
$26.8M
Q3 25
$557.0K
Q2 25
$7.7M
Q1 25
$8.2M
Q4 24
$22.9M
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
FCF Margin
SLN
SLN
SWKH
SWKH
Q4 25
308.1%
Q3 25
5.1%
Q2 25
77.0%
Q1 25
69.1%
Q4 24
185.3%
Q3 24
60.4%
Q2 24
49.7%
Q1 24
Capex Intensity
SLN
SLN
SWKH
SWKH
Q4 25
5.9%
Q3 25
3.2%
Q2 25
0.6%
Q1 25
0.8%
Q4 24
1.1%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.0%
0.0%
Cash Conversion
SLN
SLN
SWKH
SWKH
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

SLN
SLN

Segment breakdown not available.

SWKH
SWKH

Finance Receivables Segment$8.4M96%
Other$329.0K4%

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