AXG · NASDAQ · Financial - Capital Markets

Solowin (AXG)

Combines Hong Kong financial services with tokenization and stablecoin-payment infrastructure.

$1.58
vs last close−0.05 (−3.36%)
Loading prices…

Solowin Holdings Ordinary ShareAXG
Financial sector

Provides corporate finance, wealth management, asset management, and virtual-assets services in Hong Kong. After acquiring AlloyX, it has described a strategy combining its licensed financial-services base with tokenization, stablecoin infrastructure, and digital payments.

Runs a Hong Kong financial-services base spanning corporate finance, wealth management, asset management, and virtual-assets services. Its operating business is built around licensed Hong Kong entities, while the listed Cayman issuer is a holding company without material operations.

Since acquiring AlloyX, it has stated a strategy that combines traditional finance with real-world-asset tokenization, stablecoin infrastructure, and digital payments. Related entities include Solomon JFZ, AlloyX Group, and AX Coin HK.

Its post-acquisition profile depends on bringing those digital-asset initiatives into the established Hong Kong financial-services base; detailed current revenue by product or entity has not been established in the reviewed sources.

Company facts

CEOLing Ngai Lok
ListedSep 7, 2023
ExchangeNASDAQ
HeadquartersTsim Sha Tsui, Hong Kong
CountryHong Kong
Employees33
CIK0001959224
ISINKYG827591044

Market cap$71.1M
EPS (ttm)−$0.0142
P/E (ttm)−115.49
ROE-0.9%
P/B22.15
P/S19.78
Dividend yieldDiv yield
Beta0.09vs XLF 0.12

No analyst consensus on record.

EPSReportedEstimate

Sep '22Mar '23Sep '23Jul '24Dec '24Jun '25Jan '26Aug '26
Reported$1.17$1.17$0.09−$0.03−$0.39−$0.02−$0.01−$0.01
Estimate$0.03−$0.15−$0.19−$0.16
Surprise−1,400.0%+88.1%+95.6%+96.4%

RevenueReportedEstimate

Sep '22Mar '23Sep '23Jul '24Dec '24Jun '25Jan '26Aug '26
Reported$148.6K$419.8K$2.6M$211.2K$1.1M$226.8K$747.7K$2.8M
Estimate$2.3M$1.6M$1.9M$2.3M
Surprise−54.5%−85.5%−60.6%+22.8%
Estimate−$0.16
Reported−$0.01+96.4%
Estimate$2.3M
Reported$2.8M+22.8%
View details

Debt to equity30.50%
Current ratio516.60%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$148.6K$419.8K$337.1K$211.2K$135.1K$226.8K$747.7K$2.8M
Net income−$25.5K$197.8K$159.4K−$742.5K−$801.0K−$293.5K−$592.9K−$1.1M
Net margin0.0%47.1%47.3%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$32.1K$196.7K$170.6K−$738.0K−$769.3K−$522.7K−$594.9K−$1.1M
YoY growthLoss widenedTurned profitTurned profitTurned lossTurned lossLoss narrowedLoss narrowedLoss widened

Balance sheet, Mar 31, 2026Cash & short-term investments $2.4M · Total debt $980.3K · Total assets $6.5M · Shareholders' equity $3.2M

Revenue
$2.8M
Operating income
−$1.1M
Net income
−$1.1M
View details

No dividends on record.

Insiders53.64%23.33M shares
1 holder · as of Mar 18, 2026
Other46.36%20.17M shares
remainder

43.50M company shares as of Aug 23, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Ling Ngai LokInsiderdirector, 10 percent owner, officer: CEO and Chairman
53.64%23.33Mfiled Mar 18, 2026
Firewood Group LimitedStrategic
29.95% of class, as filedfiled Oct 14, 2025
Xue YaoInsiderdirector
0.00%0filed Mar 18, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Circle

    Regulated stablecoin, payments, tokenized-cash, and blockchain infrastructure

  • Futu (ADR)

    Digital brokerage, wealth management, and licensed virtual-asset exchange

Compare

CompanyPriceChange
Solowin$1.58−3.36%$71.1M19.8+1,155.9%
Circle$94.00−0.62%$25.28B50.38.7+6.6%
Futu (ADR)$112.71−1.41%$15.95B11.310.44.8+35.7%
Median30.810.46.8+21.1%