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Side-by-side financial comparison of SWK Holdings Corp (SWKH) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $8.7M, roughly 1.4× SWK Holdings Corp). On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -29.7%).
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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
SWKH vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.7M | $12.2M |
| Net Profit | $-19.4M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | 9.9% | — |
| Net Margin | — | 19.9% |
| Revenue YoY | -29.7% | 31.5% |
| Net Profit YoY | -430.2% | 128.2% |
| EPS (diluted) | $-1.59 | $0.01 |
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 | $12.2M | ||
| Q3 25 | $10.9M | $66.7M | ||
| Q2 25 | $10.1M | $59.9M | ||
| Q1 25 | $11.8M | $77.1M | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $10.4M | $54.9M | ||
| Q2 24 | $10.8M | $53.6M | ||
| Q1 24 | $11.4M | $78.1M |
| Q4 25 | $-19.4M | $2.4M | ||
| Q3 25 | $8.8M | $10.2M | ||
| Q2 25 | $3.5M | $26.5M | ||
| Q1 25 | $4.5M | $-6.7M | ||
| Q4 24 | $5.9M | — | ||
| Q3 24 | $3.5M | $-820.0K | ||
| Q2 24 | $3.7M | $-23.5M | ||
| Q1 24 | $468.0K | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 61.3% | 23.3% | ||
| Q2 25 | 46.1% | 20.8% | ||
| Q1 25 | 68.6% | -8.0% | ||
| Q4 24 | 44.7% | — | ||
| Q3 24 | 39.2% | 3.8% | ||
| Q2 24 | 8.3% | -43.5% | ||
| Q1 24 | 9.5% | -3.0% |
| Q4 25 | — | 19.9% | ||
| Q3 25 | 80.7% | 15.3% | ||
| Q2 25 | 35.2% | 44.2% | ||
| Q1 25 | 38.4% | -8.7% | ||
| Q4 24 | 47.5% | — | ||
| Q3 24 | 33.3% | -1.5% | ||
| Q2 24 | 33.9% | -43.9% | ||
| Q1 24 | 4.1% | -3.7% |
| Q4 25 | $-1.59 | $0.01 | ||
| Q3 25 | $0.72 | $0.08 | ||
| Q2 25 | $0.29 | $0.24 | ||
| Q1 25 | $0.37 | $-0.06 | ||
| Q4 24 | $0.47 | — | ||
| Q3 24 | $0.28 | $-0.01 | ||
| Q2 24 | $0.30 | $-0.21 | ||
| Q1 24 | $0.04 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | $33.0M | $33.7M |
| Stockholders' EquityBook value | $235.1M | $299.9M |
| Total Assets | $272.4M | $423.1M |
| Debt / EquityLower = less leverage | 0.14× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.8M | $81.2M | ||
| Q3 25 | $10.2M | $82.6M | ||
| Q2 25 | $8.0M | $60.0M | ||
| Q1 25 | $29.8M | $15.1M | ||
| Q4 24 | $5.9M | — | ||
| Q3 24 | $17.2M | $28.7M | ||
| Q2 24 | $5.5M | $29.7M | ||
| Q1 24 | $5.5M | $26.7M |
| Q4 25 | $33.0M | $33.7M | ||
| Q3 25 | $33.0M | $34.6M | ||
| Q2 25 | $33.0M | $39.1M | ||
| Q1 25 | $33.0M | $39.2M | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $33.0M | $43.3M | ||
| Q2 24 | $33.0M | $44.4M | ||
| Q1 24 | $33.0M | $46.1M |
| Q4 25 | $235.1M | $299.9M | ||
| Q3 25 | $254.2M | $295.4M | ||
| Q2 25 | $246.5M | $284.3M | ||
| Q1 25 | $292.7M | $248.3M | ||
| Q4 24 | $288.7M | — | ||
| Q3 24 | $283.4M | $274.4M | ||
| Q2 24 | $282.8M | $275.2M | ||
| Q1 24 | $279.9M | $296.2M |
| Q4 25 | $272.4M | $423.1M | ||
| Q3 25 | $289.4M | $418.4M | ||
| Q2 25 | $285.7M | $403.7M | ||
| Q1 25 | $331.3M | $377.1M | ||
| Q4 24 | $332.2M | — | ||
| Q3 24 | $321.3M | $417.8M | ||
| Q2 24 | $321.0M | $425.4M | ||
| Q1 24 | $322.0M | $458.4M |
| Q4 25 | 0.14× | 0.11× | ||
| Q3 25 | 0.13× | 0.12× | ||
| Q2 25 | 0.13× | 0.14× | ||
| Q1 25 | 0.11× | 0.16× | ||
| Q4 24 | 0.11× | — | ||
| Q3 24 | 0.12× | 0.16× | ||
| Q2 24 | 0.12× | 0.16× | ||
| Q1 24 | 0.12× | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | $26.8M | — |
| FCF MarginFCF / Revenue | 308.1% | — |
| Capex IntensityCapex / Revenue | 5.9% | 90.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | — | ||
| Q3 25 | $906.0K | $24.4M | ||
| Q2 25 | $7.8M | — | ||
| Q1 25 | $8.3M | $-6.4M | ||
| Q4 24 | $23.0M | — | ||
| Q3 24 | $6.3M | $4.3M | ||
| Q2 24 | $5.4M | $5.7M | ||
| Q1 24 | $4.4M | $-50.0K |
| Q4 25 | $26.8M | — | ||
| Q3 25 | $557.0K | $22.6M | ||
| Q2 25 | $7.7M | — | ||
| Q1 25 | $8.2M | $-8.9M | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $6.3M | $1.5M | ||
| Q2 24 | $5.4M | $4.8M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | 308.1% | — | ||
| Q3 25 | 5.1% | 33.9% | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 69.1% | -11.6% | ||
| Q4 24 | 185.3% | — | ||
| Q3 24 | 60.4% | 2.7% | ||
| Q2 24 | 49.7% | 9.0% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | 5.9% | 90.8% | ||
| Q3 25 | 3.2% | 2.7% | ||
| Q2 25 | 0.6% | 4.6% | ||
| Q1 25 | 0.8% | 3.3% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.3% | 5.1% | ||
| Q2 24 | 0.2% | 1.6% | ||
| Q1 24 | 0.0% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | 0.10× | 2.39× | ||
| 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% |
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
