SOLOWIN reports preliminary revenue of $27-29 million for fiscal 2026

SOLOWIN HOLDINGS (NASDAQ: AXG) announced preliminary unaudited financial results for the fiscal year ended March 31, 2026, showing revenue between $27 million and $29 million, representing approximately 10 times year-over-year growth.

The Hong Kong-based financial technology company reported a net loss in the range of $11 million to $13 million for the fiscal year, which it attributed to continued investment in technology, compliance, and global business expansion.

Cash and cash equivalents increased to between $14 million and $16 million as of March 31, 2026. Net cash used in operating activities was in the range of $12 million to $14 million for the year, primarily driven by increased receivables from customers.

Net cash provided by financing activities was between $18 million and $20 million, mainly representing proceeds from capital injections from investors. Net cash provided by investing activities ranged from $1 million to $3 million, consisting of cash from subsidiary acquisitions, partly offset by short-term investment purchases.

The company noted that these preliminary results are unaudited and subject to completion of year-end financial closing procedures and audit by independent accountants. Final audited results could differ materially from these preliminary estimates.

SOLOWIN operates as a financial technology firm focusing on digital asset tokenization, stablecoin infrastructure, and AI-powered services. The company maintains licensed operations across Hong Kong, Bahrain, and other global markets.

The company expects to file its audited financial results with the U.S. Securities and Exchange Commission in its Annual Report on Form 20-F in July 2026, according to the press release.

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