SWK Holdings Corp balance sheet

At the end of fiscal 2025, SWK Holdings Corp had total assets of $272m, total liabilities of $37.3m and shareholders' equity of $235m. It held $42.8m in cash against $33.0m of debt: net cash of $9.8m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

SWK Holdings Corp: balance sheet, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	39	38	25	8	59	47	32	31	20	11	3	43	6	5	6	43
Receivables	—	—	0	1	1	—	—	—	—	—	—	—	—	—	—	—
Total current assets	39	38	26	9	71	—	—	—	23	16	7	47	10	12	20	47
Goodwill	—	—	—	—	—	—	—	—	—	8	8	8	8	—	—	—
Total assets	39	38	45	62	188	180	209	210	216	254	274	283	300	334	332	272
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	—	—	—	0	2	0
Total current liabilities	0	0	0	0	1	—	—	—	3	3	15	5	6	4	6	5
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	—	—	33	33	33
Total debt	0	0	0	5	—	0	0	0	0	0	12	0	2	33	33	33
Total liabilities	0	0	1	6	1	1	1	2	3	18	33	15	20	54	44	37
Shareholders' equity	39	38	37	50	182	175	204	208	213	237	241	267	280	280	289	235
Non-controlling interests and other (assets − liabilities − equity)	—	—	7	6	5	4	—	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−39	−38	−25	−3	−59	−47	−32	−30	−20	−11	9	−43	−4	28	27	−10
Shares outstanding	42m	42m	43m	43m	—	13m	13m	13m	13m	13m	13m	13m	13m	12m	12m	12m

US$ millions unless shown otherwise. Fiscal quarters.

SWK Holdings Corp: balance sheet, quarterly
Quarter	2024 Q1Mar 2024	2024 Q2Jun 2024	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025
Total current assets	14	15	25	20	76	21	16	47
Total assets	322	321	321	332	331	286	289	272
Deferred revenue (current)	—	—	2	2	3	3	0	0
Total current liabilities	4	6	5	6	7	7	3	5
Long-term debt	33	33	33	33	33	33	33	33
Total debt	33	33	33	33	33	33	33	33
Total liabilities	42	38	38	44	39	39	35	37
Shareholders' equity	280	283	283	289	293	246	254	235
Shares outstanding	12m	12m	12m	12m	12m	12m	12m	12m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from SWK Holdings Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SWK Holdings Corp.