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Side-by-side financial comparison of SWK Holdings Corp (SWKH) and Venu Holding Corp (VENU). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $4.5M, roughly 1.9× Venu Holding Corp). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-52.4M).
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.
Venu Holding Corporation ("Venu") is a publicly-traded American entertainment and hospitality company based in Colorado Springs, Colorado. Founded by JW Roth in 2017 as Notes Live, Venu designs, develops, manages and owns music venues and event spaces including amphitheaters, restaurants, and concert halls in midsize cities.
SWKH vs VENU — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.7M | $4.5M |
| Net Profit | $-19.4M | $-9.8M |
| Gross Margin | — | — |
| Operating Margin | 9.9% | -161.6% |
| Net Margin | — | -215.5% |
| Revenue YoY | -29.7% | — |
| Net Profit YoY | -430.2% | — |
| EPS (diluted) | $-1.59 | $-0.77 |
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 | $8.7M | $4.5M | ||
| Q3 25 | $10.9M | $5.4M | ||
| Q2 25 | $10.1M | $4.5M | ||
| Q1 25 | $11.8M | $3.5M | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $10.4M | $5.5M | ||
| Q2 24 | $10.8M | — | ||
| Q1 24 | $11.4M | — |
| Q4 25 | $-19.4M | $-9.8M | ||
| Q3 25 | $8.8M | $-6.4M | ||
| Q2 25 | $3.5M | $-12.3M | ||
| Q1 25 | $4.5M | $-18.1M | ||
| Q4 24 | $5.9M | — | ||
| Q3 24 | $3.5M | $-3.9M | ||
| Q2 24 | $3.7M | — | ||
| Q1 24 | $468.0K | — |
| Q4 25 | 9.9% | -161.6% | ||
| Q3 25 | 61.3% | -185.2% | ||
| Q2 25 | 46.1% | -229.7% | ||
| Q1 25 | 68.6% | -529.9% | ||
| Q4 24 | 44.7% | — | ||
| Q3 24 | 39.2% | -67.4% | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 9.5% | — |
| Q4 25 | — | -215.5% | ||
| Q3 25 | 80.7% | -118.1% | ||
| Q2 25 | 35.2% | -274.2% | ||
| Q1 25 | 38.4% | -516.2% | ||
| Q4 24 | 47.5% | — | ||
| Q3 24 | 33.3% | -72.1% | ||
| Q2 24 | 33.9% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | $-1.59 | $-0.77 | ||
| Q3 25 | $0.72 | $-0.15 | ||
| Q2 25 | $0.29 | $0.30 | ||
| Q1 25 | $0.37 | $-0.48 | ||
| Q4 24 | $0.47 | — | ||
| Q3 24 | $0.28 | $-0.13 | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $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 | $42.8M | — |
| Total DebtLower is stronger | $33.0M | $58.9M |
| Stockholders' EquityBook value | $235.1M | $122.7M |
| Total Assets | $272.4M | $370.6M |
| Debt / EquityLower = less leverage | 0.14× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $33.0M | $58.9M | ||
| Q3 25 | $33.0M | $58.9M | ||
| Q2 25 | $33.0M | $44.8M | ||
| Q1 25 | $33.0M | $54.7M | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $33.0M | $22.8M | ||
| Q2 24 | $33.0M | — | ||
| Q1 24 | $33.0M | — |
| Q4 25 | $235.1M | $122.7M | ||
| Q3 25 | $254.2M | $121.2M | ||
| Q2 25 | $246.5M | $90.2M | ||
| Q1 25 | $292.7M | $78.4M | ||
| Q4 24 | $288.7M | — | ||
| Q3 24 | $283.4M | $79.4M | ||
| Q2 24 | $282.8M | — | ||
| Q1 24 | $279.9M | — |
| Q4 25 | $272.4M | $370.6M | ||
| Q3 25 | $289.4M | $314.8M | ||
| Q2 25 | $285.7M | $242.0M | ||
| Q1 25 | $331.3M | $212.9M | ||
| Q4 24 | $332.2M | — | ||
| Q3 24 | $321.3M | $166.6M | ||
| Q2 24 | $321.0M | — | ||
| Q1 24 | $322.0M | — |
| Q4 25 | 0.14× | 0.48× | ||
| Q3 25 | 0.13× | 0.49× | ||
| Q2 25 | 0.13× | 0.50× | ||
| Q1 25 | 0.11× | 0.70× | ||
| Q4 24 | 0.11× | — | ||
| Q3 24 | 0.12× | 0.29× | ||
| 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 | $27.3M | $12.8M |
| Free Cash FlowOCF − Capex | $26.8M | $-52.4M |
| FCF MarginFCF / Revenue | 308.1% | -1157.6% |
| Capex IntensityCapex / Revenue | 5.9% | 1441.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.2M | $-134.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $12.8M | ||
| Q3 25 | $906.0K | $6.3M | ||
| Q2 25 | $7.8M | $-2.4M | ||
| Q1 25 | $8.3M | $-9.0M | ||
| Q4 24 | $23.0M | — | ||
| Q3 24 | $6.3M | — | ||
| Q2 24 | $5.4M | — | ||
| Q1 24 | $4.4M | — |
| Q4 25 | $26.8M | $-52.4M | ||
| Q3 25 | $557.0K | $-32.9M | ||
| Q2 25 | $7.7M | $-17.6M | ||
| Q1 25 | $8.2M | $-31.1M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $6.3M | — | ||
| Q2 24 | $5.4M | — | ||
| Q1 24 | — | — |
| Q4 25 | 308.1% | -1157.6% | ||
| Q3 25 | 5.1% | -611.3% | ||
| Q2 25 | 77.0% | -392.4% | ||
| Q1 25 | 69.1% | -888.4% | ||
| Q4 24 | 185.3% | — | ||
| Q3 24 | 60.4% | — | ||
| Q2 24 | 49.7% | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.9% | 1441.2% | ||
| Q3 25 | 3.2% | 728.3% | ||
| Q2 25 | 0.6% | 337.9% | ||
| Q1 25 | 0.8% | 630.1% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 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
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
VENU
| Food And Beverage | $2.9M | 64% |
| Other | $1.6M | 36% |
