SWK Holdings demonstrated a strong quarter with significant asset sales leading to substantial shareholder returns and increased non-GAAP metrics. However, these positives were slightly offset by a decrease in finance receivables revenue and GAAP book value per share. Overall, the sentiment is positive as the highlights, particularly the strategic asset sales and increased shareholder value, outweigh the lowlights.

Company Guidance

During the SWK Holdings Second Quarter 2025 Conference Call, several key metrics and financial decisions were highlighted. The company completed the sale of most of its royalty assets and assets at its MOD3 subsidiary, returning $49 million to shareholders via a $4 per share dividend. Additionally, $3 million was returned through the repurchase of approximately 200,000 shares. SWK's remaining financial assets include $234 million in gross performing first lien term loans with a 14.1% yield, $5 million in public equities warrants, and 11 private warrants and earnouts carried at $0 for GAAP purposes, against which it holds an $8.8 million general loan loss reserve. The non-GAAP adjusted net income for the quarter was $4.6 million, with a non-GAAP tangible financing book value per share of $18.47, marking an 11.7% year-over-year increase after factoring in the special dividend. The GAAP book value per share was $20.23, representing an 11% decrease compared to the previous year, but adjusting for the dividend, it showed a 6.8% increase. Operating expenses were reduced to $5.4 million from $9.9 million the previous year, primarily due to a significant decrease in provisions for credit losses. The company also bought back nearly 60,000 shares for $900,000 during the quarter.

Asset Sales and Shareholder Returns

SWK Holdings completed the sale of the majority of its royalty and MOD3 subsidiary assets at approximately book value. Subsequently, $49 million was returned to shareholders through a $4 per share dividend, and an additional $3 million through the repurchase of approximately 200,000 shares.

Non-GAAP Adjusted Net Income

For the second quarter, both non-GAAP adjusted net income and finance segment adjusted non-GAAP net income totaled $4.6 million, indicating a strong earnings performance.

Increase in Tangible Financing Book Value

The non-GAAP tangible financing book value per share increased year-over-year by 11.7% after the $4 per share special dividend.

Successful MOD3 Sale

Aptar Group exercised its option to acquire the majority of the MOD3 assets for $6.9 million, which is seen as a successful outcome for SWK shareholders.

Decrease in Operating Expenses

Total operating expenses decreased to $5.4 million from $9.9 million year-over-year, largely due to a $3.3 million decrease in provision for credit losses.

SWK Holdings (SWKH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SWKH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.34 / -	0.33	―	―	―
Aug 14, 2025	2025 (Q2)	0.18 / 0.38	0.47	-19.15% (-0.09)	―
May 15, 2025	2025 (Q1)	0.29 / 0.66	0.123	436.59% (+0.54)	―
Mar 20, 2025	2024 (Q4)	0.94 / 0.54	0.229	135.81% (+0.31)	―
Nov 14, 2024	2024 (Q3)	0.52 / 0.33	0.382	-13.61% (-0.05)	―
Aug 15, 2024	2024 (Q2)	0.49 / 0.47	0.401	17.21% (+0.07)	―
May 15, 2024	2024 (Q1)	0.47 / 0.12	0.446	-72.42% (-0.32)	―
Mar 21, 2024	2023 (Q4)	0.42 / 0.23	0.127	80.31% (+0.10)
Nov 09, 2023	2023 (Q3)	0.41 / 0.38	0.64	-40.31% (-0.26)
Aug 09, 2023	2023 (Q2)	0.40 / 0.40	0.164	144.51% (+0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SWKH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$14.72	$14.20	-3.53%
May 15, 2025	$13.99	$14.25	+1.86%
Mar 20, 2025	$12.99	$13.86	+6.70%
Nov 14, 2024	$12.88	$12.75	-1.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does SWK Holdings Corporation (SWKH) report earnings?

SWK Holdings Corporation (SWKH) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is SWK Holdings Corporation (SWKH) earnings time?

SWK Holdings Corporation (SWKH) earnings time is at Nov 06, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SWKH EPS forecast?

SWKH EPS forecast for the fiscal quarter 2025 (Q3) is 0.34.

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