vs
Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $8.7M, roughly 1.4× SWK Holdings Corp). On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -29.7%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs -12.5%).
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.
SLSN vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $8.7M |
| Net Profit | $163.0K | $-19.4M |
| Gross Margin | 27.5% | — |
| Operating Margin | 1.5% | 9.9% |
| Net Margin | 1.3% | — |
| Revenue YoY | -0.7% | -29.7% |
| Net Profit YoY | 129.2% | -430.2% |
| EPS (diluted) | $0.00 | $-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 | $12.5M | $8.7M | ||
| Q3 25 | $14.6M | $10.9M | ||
| Q2 25 | $20.4M | $10.1M | ||
| Q1 25 | $14.6M | $11.8M | ||
| Q4 24 | $12.6M | $12.4M | ||
| Q3 24 | $16.9M | $10.4M | ||
| Q2 24 | $13.0M | $10.8M | ||
| Q1 24 | $9.9M | $11.4M |
| Q4 25 | $163.0K | $-19.4M | ||
| Q3 25 | $-1.1M | $8.8M | ||
| Q2 25 | $2.7M | $3.5M | ||
| Q1 25 | $80.0K | $4.5M | ||
| Q4 24 | $-559.0K | $5.9M | ||
| Q3 24 | $3.0M | $3.5M | ||
| Q2 24 | $856.0K | $3.7M | ||
| Q1 24 | $893.0K | $468.0K |
| Q4 25 | 27.5% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 36.2% | — | ||
| Q2 24 | 28.7% | — | ||
| Q1 24 | 36.3% | — |
| Q4 25 | 1.5% | 9.9% | ||
| Q3 25 | -5.4% | 61.3% | ||
| Q2 25 | 9.4% | 46.1% | ||
| Q1 25 | 1.8% | 68.6% | ||
| Q4 24 | -1.8% | 44.7% | ||
| Q3 24 | 19.0% | 39.2% | ||
| Q2 24 | 8.0% | 8.3% | ||
| Q1 24 | 11.3% | 9.5% |
| Q4 25 | 1.3% | — | ||
| Q3 25 | -7.7% | 80.7% | ||
| Q2 25 | 13.1% | 35.2% | ||
| Q1 25 | 0.5% | 38.4% | ||
| Q4 24 | -4.4% | 47.5% | ||
| Q3 24 | 18.1% | 33.3% | ||
| Q2 24 | 6.6% | 33.9% | ||
| Q1 24 | 9.0% | 4.1% |
| Q4 25 | $0.00 | $-1.59 | ||
| Q3 25 | $-0.02 | $0.72 | ||
| Q2 25 | $0.04 | $0.29 | ||
| Q1 25 | $0.00 | $0.37 | ||
| Q4 24 | $0.00 | $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 | $1.3M | $42.8M |
| Total DebtLower is stronger | — | $33.0M |
| Stockholders' EquityBook value | $17.6M | $235.1M |
| Total Assets | $50.1M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3M | $42.8M | ||
| Q3 25 | $429.0K | $10.2M | ||
| Q2 25 | $4.1M | $8.0M | ||
| Q1 25 | $1.8M | $29.8M | ||
| Q4 24 | $1.4M | $5.9M | ||
| Q3 24 | $2.9M | $17.2M | ||
| Q2 24 | $2.4M | $5.5M | ||
| Q1 24 | $2.0M | $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 | $17.6M | $235.1M | ||
| Q3 25 | $17.2M | $254.2M | ||
| Q2 25 | $18.2M | $246.5M | ||
| Q1 25 | $15.2M | $292.7M | ||
| Q4 24 | $14.9M | $288.7M | ||
| Q3 24 | $15.2M | $283.4M | ||
| Q2 24 | $11.9M | $282.8M | ||
| Q1 24 | $5.0M | $279.9M |
| Q4 25 | $50.1M | $272.4M | ||
| Q3 25 | $54.0M | $289.4M | ||
| Q2 25 | $60.0M | $285.7M | ||
| Q1 25 | $57.0M | $331.3M | ||
| Q4 24 | $50.0M | $332.2M | ||
| Q3 24 | $48.0M | $321.3M | ||
| Q2 24 | $40.8M | $321.0M | ||
| Q1 24 | $38.5M | $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 | $1.8M | $27.3M |
| Free Cash FlowOCF − Capex | — | $26.8M |
| FCF MarginFCF / Revenue | — | 308.1% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | 11.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $27.3M | ||
| Q3 25 | $-2.5M | $906.0K | ||
| Q2 25 | $-654.0K | $7.8M | ||
| Q1 25 | $-7.2M | $8.3M | ||
| Q4 24 | $2.2M | $23.0M | ||
| Q3 24 | $4.2M | $6.3M | ||
| Q2 24 | $-565.0K | $5.4M | ||
| Q1 24 | $-3.9M | $4.4M |
| Q4 25 | — | $26.8M | ||
| Q3 25 | — | $557.0K | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | $-404.0K | $22.9M | ||
| Q3 24 | $2.8M | $6.3M | ||
| Q2 24 | $-1.0M | $5.4M | ||
| Q1 24 | $-3.9M | — |
| Q4 25 | — | 308.1% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 69.1% | ||
| Q4 24 | -3.2% | 185.3% | ||
| Q3 24 | 16.6% | 60.4% | ||
| Q2 24 | -8.0% | 49.7% | ||
| Q1 24 | -39.9% | — |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 20.6% | 1.1% | ||
| Q3 24 | 8.3% | 0.3% | ||
| Q2 24 | 3.7% | 0.2% | ||
| Q1 24 | 0.9% | 0.0% |
| Q4 25 | 11.16× | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | -0.25× | 2.21× | ||
| Q1 25 | -90.26× | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | 1.38× | 1.82× | ||
| Q2 24 | -0.66× | 1.47× | ||
| Q1 24 | -4.32× | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SLSN
Segment breakdown not available.
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
