Argo Blockchain vs Solowin Holdings
Solowin Holdings is the larger business, with $28.0m of revenue in fiscal 2026 against $15.5m for Argo Blockchain (1.8 times as much). Solowin Holdings grew faster (895.0% against -67.0%). Argo Blockchain kept more of each dollar of sales as profit: a net margin of 32.8% against -47.4%. Argo Blockchain carries less debt relative to equity (0.0% against 20.8%).
| Latest fiscal year | Argo BlockchainARBK, 2025 | Solowin HoldingsAXG, 2026 |
|---|---|---|
| Revenue | $15.5m | $28.0m |
| Revenue growth | -67.0% | 895.0% |
| Net income | $5.1m | −$13.3m |
| Operating margin | -86.3% | — |
| Net margin | 32.8% | -47.4% |
| Return on equity | — | -88.9% |
| Free cash flow | −$25.1m | −$15.5m |
| Cash | $2.2m | $16.8m |
| Total debt | $0 | $5.2m |
| Debt to equity | 0.0% | 20.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $1.6m | $220m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |