SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	40.8M	40.8M	45.0M	37.8M	41.5M
Cost of Revenue	1.9M	1.9M	2.2M	3.4M	7.0M
Gross Profit	38.8M	38.8M	42.8M	34.3M	34.5M
Operating Expenses
R&D Expense	1.6M	1.6M	2.2M	—	—
SG&A Expense	14.8M	14.8M	11.5M	11.2M	13.0M
General & Admin Expense	14.8M	14.8M	11.5M	11.2M	13.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(1.5M)	(1.5M)	17.5M	8.4M	11.6M
Total Operating Expenses	14.8M	14.8M	31.2M	19.7M	24.6M
Cost and Expenses	16.7M	16.7M	33.4M	23.1M	31.5M
Operating Income (EBIT)	24.0M	24.0M	11.6M	14.7M	10.0M
Non-Operating
Interest Income	8.4M	38.4M	—	—	—
Interest Expense	4.8M	4.8M	4.7M	1.8M	340.0K
Net Interest Income	3.6M	33.6M	(4.7M)	(1.8M)	(340.0K)
Other Non-Op Income/Expense	(3.9M)	(3.9M)	6.8M	(37.0K)	(477.0K)
Non-Operating Income (excl Interest)	(889.0K)	(889.0K)	(11.5M)	(1.8M)	137.0K
EBT (Pre-Tax Income)	20.1M	20.1M	18.4M	14.6M	9.5M
Income Tax Expense	22.6M	22.6M	4.9M	(1.3M)	(4.0M)
Bottom Line
Net Income	(2.5M)	(2.5M)	13.5M	15.9M	13.5M
Earnings from Cont. Ops	(2.5M)	(2.5M)	13.5M	15.9M	13.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(2.5M)	(2.5M)	13.5M	15.9M	13.5M
Per Share
Basic EPS	($0.21)	($0.21)	$1.09	$1.26	$1.05
Diluted EPS	($0.22)	($0.21)	$1.08	$1.25	$1.05
Revenue Per Share	$3.35	$3.35	$3.64	$2.98	$3.23
Shares
Basic Shares Outstanding	12.2M	12.2M	12.4M	12.7M	12.8M
Diluted Shares Outstanding	12.2M	12.2M	12.5M	12.7M	12.9M
Profitability Metrics
EBITDA	25.1M	25.1M	24.9M	19.4M	12.7M
D&A	225.0K	183.0K	1.8M	2.9M	2.8M
EBIT	24.9M	24.9M	23.1M	16.5M	9.8M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025