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SWVL

Swvl Holdings Corp.

SWVL

Swvl Holdings Corp. • NASDAQ
$2.81 ▲ 4.46% (+0.12)
Market Cap $28.03 M
52w High $7.20
52w Low $2.40
Dividend Yield 0%
P/E -4.93
Volume 20
Outstanding Shares 9.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $5.279M ▲ $1.338M ▼ $-340.623K ▼ -6.452% ▼ $0.02 ▼ $-254.668K ▼
Q1-2025 $4.91M ▲ $1.701M ▼ $772.823K ▲ 15.74% ▲ $0.078 ▲ $893.178K ▲
Q2-2024 $4.034M $2.908M $-2.846M -70.57% $-0.33 $-1.961M
Q1-2024 $4.034M ▼ $2.908M ▲ $-2.846M ▼ -70.57% ▼ $-0.33 ▼ $-1.961M ▲
Q4-2023 $5.868M $1.839M $489.504K 8.342% $0.035 $-2.47M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $4.877M $18.233M $17.526M $3.677M
Q1-2025 $4.877M ▼ $18.233M ▲ $17.526M ▲ $3.677M ▲
Q4-2024 $4.959M $16.366M $17.054M $2.282M
Q3-2024 $4.959M ▲ $16.366M ▲ $17.054M ▲ $2.282M ▲
Q2-2024 $1.182M $14.067M $16.197M $909.543K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $216.1K $-125.055K $-1.475K $881.578K $0 $-126.53K
Q1-2025 $216.1K ▲ $-125.055K ▲ $-1.475K ▼ $881.578K ▲ $0 $-126.53K ▲
Q2-2024 $-2.846M $-256.444K $183.393K $-169.77K $0 $-256.444K
Q1-2024 $-2.846M ▼ $-256.444K ▲ $183.393K ▼ $-169.77K ▼ $0 ▼ $-256.444K ▲
Q4-2023 $489.504K $-5.674M $4.324M $725.291K $1.003M $-5.683M

Five-Year Company Overview

Income Statement

Income Statement Swvl’s revenue base is very small and has not grown much over the past few years, suggesting a company still searching for scale rather than one already operating at mass‑market size. Gross profit has hovered around breakeven, which implies that core operations are only just covering direct costs at best. Operating and net results have swung from heavy losses earlier on to something closer to breakeven more recently, but the history is dominated by sizeable losses. Overall, the income statement tells a story of a business that has tightened costs and improved efficiency, yet has not yet demonstrated durable, profitable growth.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a modest level of total assets and almost no cash reported in the most recent periods, which limits financial flexibility. Debt that was present a few years ago has largely been removed, easing pressure from lenders but also hinting that past restructuring or downsizing may have taken place. Equity has moved from negative to slightly positive, which is an improvement, but the overall capital base remains thin. In simple terms, Swvl appears to have cleaned up parts of its balance sheet, but now operates with a very small buffer to absorb future shocks.

Cash Flow

Cash Flow Cash flow from operations has been negative in most years, reflecting ongoing cash burn to support the business, although there are signs of improvement with more recent figures closer to breakeven. Because capital spending has been minimal, free cash flow looks very similar to operating cash flow, which means any shortfalls must be covered by raising money from investors or partners rather than by cutting large investment projects. The pattern suggests a company that has sharply reduced its spending and simplified its model, but still needs to prove it can consistently generate cash from its operations rather than consume it.

Competitive Edge

Competitive Edge Swvl’s main competitive strength comes from its technology platform for route optimization and fleet management, which is tailored to the needs of emerging markets and enterprise clients. Its asset‑light approach, partnering with bus owners instead of owning large fleets, allows for flexibility and faster scaling than traditional operators. A focus on contracts with businesses and governments offers the potential for more stable, higher‑quality revenue than pure consumer ride‑sharing. At the same time, Swvl operates in a highly contested space with global ride‑hailing firms, traditional transport providers, and local competitors, and its small financial size means it has less room than larger rivals to absorb setbacks or fund aggressive expansion.

Innovation and R&D

Innovation and R&D Innovation is at the center of Swvl’s story, with heavy emphasis on artificial intelligence and data‑driven routing to squeeze more efficiency out of mass transit networks. The company has built an integrated suite of apps and tools for riders, drivers, and corporate clients, and has extended this into both transportation‑as‑a‑service and software‑as‑a‑service models. It is also experimenting with fintech offerings, such as financing options for drivers, and exploring new geographies including developed markets. The opportunity is that these innovations could turn the platform into a broader mobility and financial ecosystem; the risk is that each new initiative requires focus and investment that may be hard to sustain given the company’s limited resources and mixed financial track record.

Summary

Swvl is a technology‑driven mobility company that has built a sophisticated platform and business model around optimizing shared transport, especially in emerging markets and for institutional clients. Financially, it has moved from very heavy losses and cash burn toward a leaner model with smaller losses and a cleaner balance sheet, but it still operates on a very small scale with little financial cushion. Its competitive edge lies in its AI‑powered routing, asset‑light approach, and focus on business and government contracts, while its challenges include intense competition, execution risk in new markets and fintech, and the need to show that its model can generate reliable, growing profits and cash over time. Overall, Swvl looks like a high‑innovation, high‑uncertainty story where operational and financial discipline will be crucial to its long‑term viability.

NEWS

November 26, 2025 · 7:00 AM UTC

Swvl and Bank AlJazira in Saudi Arabia Mark Over 100,000 Bookings Milestone in 2025, Accelerating Sustainable Mobility Across Saudi Arabia

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November 6, 2025 · 6:24 PM UTC

Swvl Received Nasdaq Notification Regarding Minimum Market Value Deficiency

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October 28, 2025 · 9:00 AM UTC

Swvl Reports Continued Profitability this Quarter, Achieving 46% Revenue Growth and Net Profit of $0.2 Million in Q3 2025

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September 8, 2025 · 6:45 AM UTC

Swvl Announces H1 2025 Results, Delivering 26% Revenue Growth (49% in Constant Currency), 26% Gross Margin Growth, and Net Income of $0.43 Million

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September 3, 2025 · 7:00 AM UTC

Swvl Egypt Surpasses Prior Peak Revenue, Delivering Major Turnaround with Stronger Profitability

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