Company: SWKH
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050155
Chunk: 38

Company: SWK Holdings Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
 to changes in fair value related to its foreign currency forward contract.The following table presents financial assets measured at fair value on a recurring basis as of September 30, 2025 (in thousands):Total  Carrying Value in  Consolidated  Balance SheetsQuoted Prices  in Active  Markets for  Identical Assets  or Liabilities  (Level 1)Significant  Other  Observable  Inputs  (Level 2)Significant  Unobservable  Inputs  (Level 3)Financial AssetsWarrant assets$7,599 $— $— $7,599 Marketable investments275 275 — — The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 (in thousands):Total Carrying  Value in  Consolidated  Balance  SheetsQuoted Prices  in Active  Markets for  Identical Assets  or Liabilities  (Level 1)Significant  Other  Observable  Inputs  (Level 2)Significant  Unobservable  Inputs  (Level 3)Financial AssetsWarrant assets$4,366 $— $— $4,366 Marketable investments580 559 — 21 Foreign currency forward contract2,475 — — 2,475 The changes in fair value of the warrant assets during were as follows (in thousands):Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024Fair value - December 31, 2024$4,366 Fair value - December 31, 2023$1,759 Issued498 Issued1,072 Exercised— Exercised(985)Change in fair value2,563 Change in fair value178 Gain on foreign currency transactions172 Loss on foreign currency transactions2 Fair value - September 30, 2025$7,599 Fair value - September 30, 2024$2,026 

22

The Company holds warrants issued to the Company in conjunction with certain term loan investments. These warrants meet the definition of a derivative and are included in the unaudited condensed consolidated balance sheets. The fair values for warrants outstanding, which do not have a readily determinable value, are measured using the Black-Scholes option pricing model. The following ranges of assumptions were used in the models to determine fair value:September 30, 2025December