Company: SWKH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040420
Chunk: 21

Company: SWK Holdings Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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feiture of unvested restricted stock(6,446)— — — — Repurchases of common stock in open market(58,298)— (999)— (999)Net income— — — 468 468 Balances at March 31, 202412,481,944124,424,216(4,144,333)279,895Stock-based compensation— — 249 — 249 Issuance of restricted common stock17,323 — — — — Net settlement for employee taxes on stock options— — (43)— (43)Stock options exercised, net2,595 — — — — Repurchases of common stock in the open market(54,667)— (950)— (950)Net income— — — 3,680 3,680 Balances at June 30, 202412,447,195 12 4,423,472 (4,140,653)282,831 

See accompanying notes to the unaudited condensed consolidated financial statements.

3

SWK HOLDINGS CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)Six Months EndedJune 30,20252024Cash flows from operating activities:Net income$8,075 $4,148 Adjustments to reconcile net income to net cash provided by operating activities:Provision (benefit) for credit losses(704)9,392 Debt issuance costs(41)— Loss on impairment of intangible assets— 5,771 Right-of-use amortization and cease use costs112 261 Amortization of debt issuance costs548 491 Deferred income taxes, net2,266 1,239 Unrealized net loss (gain) on warrants77 (131)Net gain from exercise and cancellation of warrants— (444)Loss from sale of assets82 — Change in fair value of acquisition-related contingent consideration— (4,900)Loss (gain) on revaluation of finance receivables3,727 (2,495)Foreign currency transaction gains(614)(1,587)Loss on marketable investments68 162 Loan discount amortization and fee accretion(2,956)(2,214)Interest paid-in-kind(826)(904)Stock-based compensation608 360 Deprec