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SWVLW

Swvl Holdings Corp.

SWVLW

Swvl Holdings Corp. • NASDAQ
$0.01 ▼ -7.41% (-0.00)
Market Cap $107196
52w High $0.01
52w Low $0.01
Dividend Yield 0%
P/E 0
Volume 103
Outstanding Shares 10.72M

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 income statement shows a company still very much in “early-stage economics” despite having been public for a few years. Revenue remains quite small and has not yet shown clear, consistent growth, which suggests the commercial scale of the business is still limited. Profitability has historically been weak, with operating and net losses the norm, though these losses appear to have narrowed more recently. Earnings per share have swung sharply from very deep losses to brief improvement and back again, which likely reflects both underlying volatility and capital structure changes, rather than a stable, mature earnings base.

Balance Sheet

Balance Sheet The balance sheet looks light and thin, with a small asset base and only a modest equity cushion. Cash on hand appears limited, which can constrain flexibility and increases sensitivity to any operational setbacks. On the positive side, formal debt levels now look low or negligible compared with earlier periods, reducing financial leverage risk. Overall, the company appears asset‑light but also financially fragile, and its ability to support growth largely depends on maintaining access to external funding and steadily improving its operating performance.

Cash Flow

Cash Flow Cash flow patterns are typical of a young, tech‑enabled business still searching for scale and efficiency. Historically, the company has used cash rather than generated it, with operating cash flow negative for several years. More recently, cash burn seems to have decreased, and cash flow has moved closer to break‑even, which aligns with management’s stated shift toward profitability and discipline. Capital spending is very light, consistent with an asset‑light software and platform model, but that also means the business must rely on its software and contracts, not owned assets, to create long‑term stability.

Competitive Edge

Competitive Edge Swvl operates in a tough, contested space at the intersection of public transport, ride‑hailing, and enterprise mobility. Its main advantages come from its software platform: dynamic routing, demand prediction, and tools for managing fleets and corporate shuttles. The dual focus on consumer rides and enterprise/SaaS contracts creates multiple revenue streams and can make relationships with businesses and governments relatively sticky once integrated. However, the company faces strong competition from global players and local operators, plus regulatory and execution risks in emerging markets and any new developed markets it enters. Its competitive position depends heavily on continuing to sign and retain high‑quality contracts while proving it can operate profitably at scale.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Swvl’s story. The company emphasizes data‑driven routing, machine learning for demand forecasting, and a suite of apps and dashboards for riders, drivers, and enterprise clients. The shift toward a SaaS‑type model for enterprises and governments is particularly important, as this can be higher‑margin and more predictable than consumer rides. Future innovation seems focused on deeper use of AI, expanding the SaaS offering across more markets, and forming partnerships or acquisitions to accelerate entry into new regions. The key question is not whether the technology is interesting—it is whether Swvl can turn that innovation into durable, profitable, and repeatable revenue streams.

Summary

Swvl is an asset‑light, technology‑driven mobility company that has built a sophisticated platform but has yet to demonstrate durable scale or consistent profitability. Financially, it has moved from heavy losses and cash burn toward a more disciplined, near break‑even profile, but revenue remains small and the balance sheet is thin, leaving little room for major missteps. Strategically, its focus on enterprise and SaaS, plus its strength in data‑driven route optimization, offers a path to higher‑quality revenue and some competitive differentiation. At the same time, intense competition, regulatory complexity, limited cash, and ambitious geographic expansion plans add meaningful execution and funding risk. Future results will hinge on Swvl’s ability to grow its contract base, sustain profitability, and strengthen its financial position without overextending itself.