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AXG on Nasdaq

Solowin Holdings, Ltd.

Solowin Holdings, Ltd. is a security brokers company based in George Town, Cayman Islands.2 Its shares trade on Nasdaq under the symbol AXG.2

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Last updated Oct 21, 2026.

Overview

$28.0MRevenue, fiscal 20263
-$13.3MNet income, fiscal 20263

Compare with Associated Capital Group, Inc., Lion Group Holding Ltd or SIEBERT FINANCIAL CORP, or pick any stock.

  • TickerAXG on Nasdaq2
  • IndustrySecurity Brokers, Dealers & Flotation Companies2
  • HeadquartersGeorge Town, Cayman Islands2
  • Incorporated inCayman Islands4
  • Business addressRoom 1910-1912A Tower 3 China Hong Kong, 33 Canton Rd Tsim Sha Tsui, Kowloon, 00004
  • Filer categoryNon-accelerated filer, Emerging growth company4
  • Legal formcompany limited by shares2
  • LEI391200NQUBGZZ1Y0SD272
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressPO Box 2681, SIX, Cricket Square, KY1-1111 George Town, Cayman Islands2
  • Registered withGeneral Registry, 3792262

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Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands, which may be changed from time to time at the discretion of directors.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-47.4%Net margin3
895.0%Revenue growth, 20263
-52.8%Return on equity3
-$15.5MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

AI Tokens brought in 79% of the revenue Solowin Holdings, Ltd. broke down this way in fiscal 2026.

  1. AI Tokens$22.2M379%
  2. Digital Asset Tokens$5.8M321%up 107% from 2025
Business segments by year
Business segments202420252026
AI Tokens$22.2M
Digital Asset Tokens$4.3M$2.8M$5.8M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Other costs100¢$28.0M

Out of $28.0M in revenue.3 The company lost money this year.

Financial statements

Revenue673$28.0M in 2026+761% since 2022
0$10.0M$20.0M$30.0M2022: $3.3M$3.3M20222023: $4.5M$4.5M2023+37%2024: $4.3M$4.3M2024−4%2025: $2.8M$2.8M2025−34%2026: $28.0M$28.0M2026+895%
Operating income6$3.0K in 2024−98% since 2022
0$50.0K$100.0K$150.0K$200.0K2022: $196.0K$196.0K20222023: $61.0K$61.0K2023−69%2024: $3.0K$3.0K2024−95%
Net income673-$13.3M in 2026+1257% since 2022
-$15.0M-$10.0M-$5.0M0$5.0M2022: -$979.0K-$979.0K20222023: $1.3M$1.3M20232024: -$4.6M-$4.6M20242025: -$8.5M-$8.5M2025+87%2026: -$13.3M-$13.3M2026+56%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-03-312025-03-312024-03-31
Digital Asset Tokens$5.8M$2.8M$4.3M
AI Tokens$22.2M
Total revenues$28.0M$2.8M$4.3M
Marketing and promotion expenses$863.0K$1.0M$927.0K
Commission and handling expenses$501.0K$474.0K$15.0K
Professional fee$3.2M$4.7M$774.0K
Information technology expenses$2.6M$749.0K$383.0K
Office expenses$1.5M$888.0K$342.0K
AI cloud service costs$21.3M
Employee benefits expenses$9.0M$2.3M$5.0M
General and administrative expenses$1.7M$1.4M$383.0K
Allowance for (reversal of) credit losses$453.0K-$502.0K$854.0K
Total expenses$41.1M$11.0M$8.7M
Interest income$7.0K$46.0K$29.0K
Other (expenses)/income-$321.0K$16.0K$3.0K
Interest expenses-$5.0K
Share of results of an associate$30.0K-$54.0K-$3.0K
Loss on disposal of an associate-$100.0K
Impairment loss of long-term investments, net-$290.0K
Total other (expenses) income, net-$284.0K-$387.0K$29.0K
Loss before income tax expense-$13.3M-$8.5M-$4.4M
Income tax expense$19.0K$155.0K
Net loss-$13.3M-$8.5M-$4.6M
Owners of the Company-$13.2M-$8.5M-$4.6M
Non-controlling interests-$114.0K
Foreign currency translation adjustment-$11.0K$33.0K$16.0K
Total comprehensive loss-$13.3M-$8.5M-$4.5M
Owners of the Company-$13.2M-$8.5M-$4.5M
Non-controlling interests-$114.0K
Total comprehensive loss-$13.3M-$8.5M-$4.5M
Basic net loss per share (in Dollars per share)-$0.11-$0.53-$0.33
Diluted net loss per share (in Dollars per share)-$0.11-$0.53-$0.33
Weighted average number of shares outstanding - basic (in Shares)124.9M shares16.1M shares13.7M shares
Weighted average number of shares outstanding - diluted (in Shares)124.9M shares16.1M shares13.7M shares

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Corporate structure

Solowin Holdings, Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Solowin Holdings, Ltd.

  • Solowin Holdings, Ltd. George Town, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Solowin Holdings, Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$613.0K3 Mar 31, 2026$312.0K3 Mar 31, 2025+96.5%
Accumulated depreciation$294.0K3 Mar 31, 2026$155.0K3 Mar 31, 2025+89.7%
Property and equipment, net$319.0K3 Mar 31, 2026$157.0K3 Mar 31, 2025+103.2%
Operating-lease assets (leased space)$2.4M3 Mar 31, 2026$671.0K3 Mar 31, 2025+260.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$16.8M3 Mar 31, 2026$3.8M3 Mar 31, 2025+337.8%
Stakes in other companies (equity method)$7.5M3 Mar 31, 2026$254.0K3 Mar 31, 2024+2864.6%
Long-term investments$494.0K3 Mar 31, 2026$368.0K3 Mar 31, 2025+34.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$47.0K3 Mar 31, 2026
Intangible assets, net (excluding goodwill)$607.0K3 Mar 31, 2026$86.0K3 Mar 31, 2025+605.8%
Finite-lived intangibles, gross$618.0K3 Mar 31, 2026$111.0K3 Mar 31, 2025+456.8%
Accumulated amortization$11.0K3 Mar 31, 2026$25.0K3 Mar 31, 2025−56.0%
Finite-lived intangibles, net$607.0K3 Mar 31, 2026$86.0K3 Mar 31, 2025+605.8%

Leadership

Who has led Solowin Holdings, Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ling Ngai Lok2026–now

Chair

  1. Ling Ngai Lok2026–now

Chief financial officer

  1. Lili Liu2026–now
Board members and other officers (5)

Timeline

  1. Mar 18, 2026New chief executive Ling Ngai Lok becomes CEO8
  2. Jul 23, 2021Founded Solowin Holdings, Ltd. is founded2

Filings

119 filings to the SEC since October 2021: 3 annual reports, 8 insider forms, 8 large holders, 100 other. The latest 20:

  1. Oct 13, 2026SCHEDULE 13G EDGAR
  2. Oct 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 21, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  4. Sep 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Aug 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Aug 3, 202620-F ANNUAL REPORT EDGAR
  7. Aug 3, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
  8. Jun 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Jun 2, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  10. Apr 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Apr 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Feb 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 119 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Solowin Holdings, Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSolowin Holdings, Ltd.1
  • CIK0001959224
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company5
  • Incorporated inE95
  • Fiscal year endsMarch 311
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressRoom 1910-1912A Tower 3 China Hong Kong, 33 Canton Rd Tsim Sha Tsui, Kowloon, 0000, China1
  • Phone202-869-08881
  • Shares outstanding157,582,228 Common Class A shares; 31,371,599 Common Class B shares as of Mar 31, 20265
  • AuditorAOGB CPA Limited, Hong Kong, Hong Kong PCAOB ID 7020; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceDec 23, 20221
  • Filings119 in all: 6-K (38), CORRESP (12), 3 (8), 424B5 (8), F-1/A (8), UPLOAD (6), 144 (3), 20-F (3)1
    All 29 form types

    EFFECT (3), SC 13G (3), 6-K/A (2), DRS/A (2), DRSLTR (2), F-1 (2), F-3 (2), F-3/A (2), SCHEDULE 13D (2), SCHEDULE 13G/A (2), 424B4 (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS (1), FWP (1), NT 20-F (1), RW (1), S-8 (1), S-8 POS (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, $0.0001 par valueAXGNASDAQ

From the cover page of the 20-F filed Aug 3, 2026 (Section 12(b) of the Exchange Act).5

Sources

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