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Side-by-side financial comparison of SWK Holdings Corp (SWKH) and cbdMD, Inc. (YCBD). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $5.0M, roughly 1.7× cbdMD, Inc.). On growth, cbdMD, Inc. posted the faster year-over-year revenue change (-1.9% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-977.3K). Over the past eight quarters, cbdMD, Inc.'s revenue compounded faster (7.1% 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.
cbdMD, Inc. is a U.S.-based consumer wellness company that manufactures and distributes hemp-derived CBD products, including tinctures, topicals, gummies, pet care items, and bath products. All offerings undergo third-party quality testing, and are sold via e-commerce platforms, brick-and-mortar retail stores, and wellness partner channels primarily across the United States.
SWKH vs YCBD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.7M | $5.0M |
| Net Profit | $-19.4M | $-283.1K |
| Gross Margin | — | 59.8% |
| Operating Margin | 9.9% | -5.7% |
| Net Margin | — | -5.6% |
| Revenue YoY | -29.7% | -1.9% |
| Net Profit YoY | -430.2% | -1975.7% |
| EPS (diluted) | $-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 | $8.7M | $5.0M | ||
| Q3 25 | $10.9M | $4.7M | ||
| Q2 25 | $10.1M | $4.6M | ||
| Q1 25 | $11.8M | $4.7M | ||
| Q4 24 | $12.4M | $5.1M | ||
| Q3 24 | $10.4M | $4.6M | ||
| Q2 24 | $10.8M | $5.2M | ||
| Q1 24 | $11.4M | $4.4M |
| Q4 25 | $-19.4M | $-283.1K | ||
| Q3 25 | $8.8M | $-680.0K | ||
| Q2 25 | $3.5M | $-895.3K | ||
| Q1 25 | $4.5M | $-480.8K | ||
| Q4 24 | $5.9M | $15.1K | ||
| Q3 24 | $3.5M | $-152.8K | ||
| Q2 24 | $3.7M | $459.7K | ||
| Q1 24 | $468.0K | $-3.0M |
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 58.8% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 62.3% | ||
| Q4 24 | — | 66.5% | ||
| Q3 24 | — | 53.9% | ||
| Q2 24 | — | 65.8% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | 9.9% | -5.7% | ||
| Q3 25 | 61.3% | -14.5% | ||
| Q2 25 | 46.1% | -19.6% | ||
| Q1 25 | 68.6% | -10.2% | ||
| Q4 24 | 44.7% | -1.7% | ||
| Q3 24 | 39.2% | -6.9% | ||
| Q2 24 | 8.3% | -7.4% | ||
| Q1 24 | 9.5% | -35.4% |
| Q4 25 | — | -5.6% | ||
| Q3 25 | 80.7% | -14.4% | ||
| Q2 25 | 35.2% | -19.4% | ||
| Q1 25 | 38.4% | -10.1% | ||
| Q4 24 | 47.5% | 0.3% | ||
| Q3 24 | 33.3% | -3.4% | ||
| Q2 24 | 33.9% | 8.9% | ||
| Q1 24 | 4.1% | -68.8% |
| 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 | $-0.15 | ||
| Q1 24 | $0.04 | $-1.35 |
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 | $3.4M |
| Total DebtLower is stronger | $33.0M | — |
| Stockholders' EquityBook value | $235.1M | $9.0M |
| Total Assets | $272.4M | $11.8M |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.8M | $3.4M | ||
| Q3 25 | $10.2M | $2.3M | ||
| Q2 25 | $8.0M | $1.1M | ||
| Q1 25 | $29.8M | $1.8M | ||
| Q4 24 | $5.9M | $2.0M | ||
| Q3 24 | $17.2M | $2.5M | ||
| Q2 24 | $5.5M | $2.4M | ||
| Q1 24 | $5.5M | $2.1M |
| 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 | $235.1M | $9.0M | ||
| Q3 25 | $254.2M | $7.2M | ||
| Q2 25 | $246.5M | $6.1M | ||
| Q1 25 | $292.7M | $665.8K | ||
| Q4 24 | $288.7M | $1.8M | ||
| Q3 24 | $283.4M | $2.0M | ||
| Q2 24 | $282.8M | $3.0M | ||
| Q1 24 | $279.9M | $3.1M |
| Q4 25 | $272.4M | $11.8M | ||
| Q3 25 | $289.4M | $10.4M | ||
| Q2 25 | $285.7M | $9.9M | ||
| Q1 25 | $331.3M | $10.9M | ||
| Q4 24 | $332.2M | $11.5M | ||
| Q3 24 | $321.3M | $10.6M | ||
| Q2 24 | $321.0M | $13.8M | ||
| Q1 24 | $322.0M | $14.6M |
| 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 | $27.3M | $-812.5K |
| Free Cash FlowOCF − Capex | $26.8M | $-977.3K |
| FCF MarginFCF / Revenue | 308.1% | -19.5% |
| Capex IntensityCapex / Revenue | 5.9% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.2M | $-2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $-812.5K | ||
| Q3 25 | $906.0K | $-240.7K | ||
| Q2 25 | $7.8M | $-704.2K | ||
| Q1 25 | $8.3M | $-189.5K | ||
| Q4 24 | $23.0M | $-317.9K | ||
| Q3 24 | $6.3M | $167.4K | ||
| Q2 24 | $5.4M | $289.8K | ||
| Q1 24 | $4.4M | $-704.1K |
| Q4 25 | $26.8M | $-977.3K | ||
| Q3 25 | $557.0K | $-243.6K | ||
| Q2 25 | $7.7M | $-705.7K | ||
| Q1 25 | $8.2M | $-205.0K | ||
| Q4 24 | $22.9M | $-482.3K | ||
| Q3 24 | $6.3M | $157.4K | ||
| Q2 24 | $5.4M | — | ||
| Q1 24 | — | $-708.7K |
| Q4 25 | 308.1% | -19.5% | ||
| Q3 25 | 5.1% | -5.2% | ||
| Q2 25 | 77.0% | -15.3% | ||
| Q1 25 | 69.1% | -4.3% | ||
| Q4 24 | 185.3% | -9.4% | ||
| Q3 24 | 60.4% | 3.5% | ||
| Q2 24 | 49.7% | — | ||
| Q1 24 | — | -16.2% |
| Q4 25 | 5.9% | 3.3% | ||
| Q3 25 | 3.2% | 0.1% | ||
| Q2 25 | 0.6% | 0.0% | ||
| Q1 25 | 0.8% | 0.3% | ||
| Q4 24 | 1.1% | 3.2% | ||
| Q3 24 | 0.3% | 0.2% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 2.21× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 3.93× | -21.06× | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | 1.47× | 0.63× | ||
| 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% |
YCBD
| Sales Channel Directly To Consumer | $3.6M | 72% |
| Sales Channel Through Intermediary | $1.4M | 28% |
