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Swvl Holdings Corp (SWVL) stock

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NASDAQ: SWVL Nasdaq Cargo Ground Transportation

C Fundamentals grade

Swvl Holdings Corp is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.8

Revenue-to-maturity cash-flow model

Base case. Range ~$3.1–$4.7 across our lower- and higher-growth cases (25%–35% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Swvl Holdings Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 3 cuttingOf 1 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Swvl Holdings files

Where Swvl stands after its latest Filing

Revenue for the twelve months was $24m, up 40.5% on a year earlier, against a decline of 24.7% a quarter earlier. That growth ranks 1 of 19 among the cargo ground transportation companies we cover. Free-cash-flow margin rose to -8.9% from -205.3% a year earlier. Operating margin widened to -2.0% from -344.7%. The diluted share count is up 24.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. Our revenue-to-maturity cash-flow model value is $3.79 a share, against a share price of $3.77.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Swvl Holdings Corp's trailing-twelve-month revenue grew 40.5% year on year, with a free-cash-flow margin of -8.9%. Where it stands out: revenue growth of 40.5% ranks 1 of 19 cargo ground transportation companies we cover. Where it lags: change in share count of 24.5% ranks 18 of 18 cargo ground transportation companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 40.5% (+65.2pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 40.5% over the last 12 months, against a median of 7.0% for cargo ground transportation companies we cover.
  • Growth speeding up. The growth rate is 65.2 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 47.3 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -2.0%: costs exceed revenue.
  • Burning cash. Free cash flow was -8.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 24.5% in a year.
  • Gross margin slipping. Gross margin is down 3.1 points on a year ago.
  • Weak cash conversion. Free cash flow was -164% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 94 days ranks 17 of 18 cargo ground transportation companies we cover (median 49 days).

Latest results

Earnings per share
$0.35 against an average estimate of -$0.15: beat by 333.3%

Swvl Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.2%
  • 1 week+9.5%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$24.2M
Operating margin
-2.0%
Net margin
5.4%
EPS (TTM, diluted)
$0.12

Growth

Revenue growth
+40.5%
Change in growth rate
+65.2 pts
Share count change
+24.5%

Cash

Free cash flow (TTM)
-$2.1M
FCF margin
-8.9%
Stock pay % of revenue
0.4%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for SWVL from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Swvl Holdings Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Swvl Holdings Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$3.8 ~$3.1–$4.7 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.5 ~$2.7–$4.1 Left out: out of range vs price (0.11x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.5 ~$1.3–$2.8 Left out: out of range vs price (0.12x)
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.8 ~$3.1–$4.7 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Swvl Holdings Corp with Cargo Ground Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Swvl Holdings Corp: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2022 −$0.15 $0.35 +333.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
2.2
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
44.2%
of shares
Employees
324
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Swvl Holdings Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Swvl Holdings Corp
$0 $20M $40M $60M FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY19 Q4: $12.4M Revenue (TTM), FY20 Q4: $15M Revenue (TTM), FY21 Q4: $25.6M Revenue (TTM), FY22 Q4: $43M Revenue (TTM), FY23 Q4: $22.9M Revenue (TTM), FY24 Q4: $17.2M Revenue (TTM), FY25 Q4: $24.2M $24.2M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY19 Q4 $12.4M
FY20 Q4 $15M
FY21 Q4 $25.6M
FY22 Q4 $43M
FY23 Q4 $22.9M
FY24 Q4 $17.2M
FY25 Q4 $24.2M
Revenue growth, TTM YoY Swvl Holdings Corp
-50% 0% 50% 100% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY20 Q4: 21.3% Revenue growth, TTM YoY, FY21 Q4: 70.6% Revenue growth, TTM YoY, FY22 Q4: 68.2% Revenue growth, TTM YoY, FY23 Q4: -46.9% Revenue growth, TTM YoY, FY24 Q4: -24.7% Revenue growth, TTM YoY, FY25 Q4: 40.5% 40.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY20 Q4 21.3%
FY21 Q4 70.6%
FY22 Q4 68.2%
FY23 Q4 -46.9%
FY24 Q4 -24.7%
FY25 Q4 40.5%
Operating margin (TTM) Swvl Holdings Corp
-400% -200% 0% 200% 400% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY19 Q4: 331.3% Operating margin (TTM), FY20 Q4: -164.0% Operating margin (TTM), FY21 Q4: -344.7% Operating margin (TTM), FY22 Q4: -186.3% Operating margin (TTM), FY23 Q4: 56.0% Operating margin (TTM), FY24 Q4: -49.3% Operating margin (TTM), FY25 Q4: -2.0% -2.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY19 Q4 331.3%
FY20 Q4 -164.0%
FY21 Q4 -344.7%
FY22 Q4 -186.3%
FY23 Q4 56.0%
FY24 Q4 -49.3%
FY25 Q4 -2.0%
FCF margin (TTM) Swvl Holdings Corp
-400% -300% -200% -100% 0% FY19 Q4 FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY19 Q4: -326.9% FCF margin (TTM), FY20 Q4: -205.3% FCF margin (TTM), FY21 Q4: -244.3% FCF margin (TTM), FY22 Q4: -275.6% FCF margin (TTM), FY23 Q4: -39.9% FCF margin (TTM), FY25 Q4: -8.9% -8.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY19 Q4 -326.9%
FY20 Q4 -205.3%
FY21 Q4 -244.3%
FY22 Q4 -275.6%
FY23 Q4 -39.9%
FY25 Q4 -8.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 12 15 26 43 23 17 24
Gross profit 21 −4 −6 0 4 4 4
Operating income 41 −25 −88 −80 13 −8 −0
Net income 35 −30 −141 −116 3 −10 1
Diluted EPS $6472.00 −$2.88 −$20.92 −$18.21 $0.28 −$1.19 $0.12
Growth (year on year)
Revenue — +21.3% +70.6% +68.2% −46.9% −24.7% +40.5%
Operating income — −160.0% — — — −166.4% —
Net income — −184.3% — — — −438.3% —
Diluted EPS — −100.0% — — — −525.0% —
Margins
Gross margin — −28.1% −22.6% 0.4% 18.0% 21.1% 18.0%
Operating margin 331.3% −164.0% −344.7% −186.3% 56.0% −49.3% −2.0%
Net margin 285.5% −198.4% −553.2% −270.9% 13.4% −60.1% 5.4%
Free-cash-flow margin −326.9% −205.3% −244.3% −275.6% −39.9% — −8.9%
Cash flow
Cash from operations −40 −31 −62 −118 −9 −4 −2
Capital spending 0 0 0 1 0 — 0
Free cash flow −40 −31 −62 −118 −9 — −2
Stock-based pay 0 3 34 −36 0 0 0
Free cash flow after stock pay −41 −34 −96 −82 −9 — −2
Balance sheet
Cash 15 10 10 2 3 5 4
Total debt 0 0 75 — 0 0 0
Net debt (negative = net cash) −15 −10 65 −2 −3 −5 −4
Diluted shares — 10m 11m 11m 11m 9m 11m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 0 checks passed · December 31, 2025
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Swvl Holdings Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+24.5%
year over year
Days sales outstanding
94 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in cargo ground transportation
Last 12 months unless stated SWVL HXHX SFWL PAMT HTLD MRTN Median
Revenue, last 12 months $24m $33m $572m $598m $736m $858m $3.5bn
Revenue growth, last 12 months 40.5% 29.2% 13.6% −8.8% −21.0% −6.9% 7.0%
Revenue growth, 3-year average — — — −13.4% −16.5% −11.3% −0.8%
Revenue growth, latest quarter — — — 8.9% −12.5% −2.8% 10.4%
Gross margin 18.0% 25.1% 9.3% — — — 18.6%
Operating margin −2.0% 23.6% 2.9% −9.1% −2.3% 1.8% 3.2%
Operating margin, 3-year average — — — −5.6% −2.3% 3.3% 3.4%
Net margin 5.4% 12.0% 2.1% −7.1% 12.5% 1.5% 3.0%
Cash from operations / revenue −8.8% −28.9% 2.8% −2.8% 10.7% 9.9% 9.9%
Free-cash-flow margin −8.9% −42.4% −0.5% −9.7% −11.6% −1.8% 3.0%
Free-cash-flow margin, 3-year average — — — −6.2% −4.3% 0.9% 0.9%
Stock pay / revenue 0.4% — — 0.1% 0.3% 0.2% 0.3%
Change in share count 24.5% 10.4% 2.3% −2.9% −1.2% 0.1% −1.5%

Median of all 19 companies we cover in cargo ground transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

19 cargo ground transportation companies
Measure Company Peer median Rank
Revenue growth Growth 40.5% 7.0% 1 of 19
Change in growth rate Growth +65.2pp +3.0pp 1 of 19
Operating margin Profitability -2.0% 3.4% 15 of 18
Net margin Profitability 5.4% 3.0% 5 of 18
Free-cash-flow margin Cash generation -8.9% 3.0% 16 of 19
Stock pay as % of revenue Cash generation 0.4% 0.3% 13 of 15
Change in share count Balance sheet 24.5% -1.5% 18 of 18
Days sales outstanding Balance sheet 94 days 49 days 17 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$143,586
Institutions reporting
5
Shares held vs prior quarter
▲ 135.9%
Positions opened / closed
1 / 2

Top buyers and sellers, Q2 2026: 1 institutions bought and 3 sold ; the biggest buyer was Citadel Advisors LLC (+65K shares) and the biggest seller UBS Group AG (−2,987). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Citadel Advisors LLC $86,794 65K 60.4% New
Angeles Wealth Management, LLC $49,580 37K 34.5% 0.0%
UBS Group AG $7,181 5K 5.0% ▼ 35.8%
Sbi Securities Co., Ltd. $23 0K 0.0% 0.0%
Morgan Stanley $8 0K 0.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Swvl Holdings Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Swvl Holdings Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Swvl Holdings Corp in brief

What does Swvl Holdings Corp do?
Swvl Holdings Corp is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.
What is Swvl Holdings Corp's stock ticker?
Swvl Holdings Corp trades under the ticker SWVL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Swvl Holdings Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Swvl Holdings Corp reported revenue of $24.2M, 40.5% higher than a year earlier, according to its SEC filings.
What is Swvl Holdings Corp's free cash flow?
Swvl Holdings Corp's free-cash-flow margin is -8.9% of revenue over the trailing twelve months, ranking 16 of the 19 cargo ground transportation companies we cover.
Who are Swvl Holdings Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Citadel Advisors LLC, Angeles Wealth Management, LLC and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Swvl Holdings Corp's competitors?
In our Cargo Ground Transportation peer group, the companies closest to Swvl Holdings Corp are Haoxin Holdings Ltd, Shengfeng Development Ltd, Pamt Corp, Heartland Express Inc and Marten Transport LTD. The side-by-side comparison below sets their revenue, margins and growth against Swvl Holdings Corp's.