Solowin Holdings vs Metalpha Technology Holding
Metalpha Technology Holding is the larger business, with $37.1m of revenue in fiscal 2026 against $28.0m for Solowin Holdings (1.3 times as much). Solowin Holdings grew faster (895.0% against -16.7%). Metalpha Technology Holding kept more of each dollar of sales as profit: a net margin of 3.5% against -47.4%. Metalpha Technology Holding carries less debt relative to equity (0.9% against 20.8%).
| Latest fiscal year | Solowin HoldingsAXG, 2026 | Metalpha Technology HoldingMATH, 2026 |
|---|---|---|
| Revenue | $28.0m | $37.1m |
| Revenue growth | 895.0% | -16.7% |
| Net income | −$13.3m | $1.3m |
| Operating margin | — | 3.6% |
| Net margin | -47.4% | 3.5% |
| Return on equity | -88.9% | 2.9% |
| Free cash flow | −$15.5m | −$14.9m |
| Cash | $16.8m | $3.9m |
| Total debt | $5.2m | $460,815 |
| Debt to equity | 20.8% | 0.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $18,340 |
| Employees | — | — |
| Market value | $227m | $63.8m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |