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

Company: SWK Holdings Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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September 30,2025December 31,2024Assets:Current assets:Cash and cash equivalents$10,206 $5,927 Interest, accounts receivable and other receivables, net5,581 5,788 Assets held for sale, net (Note 4)— 6,398 Other current assets543 2,141 Total current assets16,330 20,254 Finance receivables, net of allowance for credit losses of $7,740 and $11,249 as of September 30, 2025 and December 31, 2024, respectively245,396 277,760 Collateral on foreign currency forward contract— 2,750 Marketable investments275 580 Deferred tax assets, net19,330 23,484 Warrant assets7,599 4,366 Other non-current assets432 3,041 Total assets$289,362 $332,235 Liabilities and Stockholders' Equity:Current liabilities:Accounts payable and accrued liabilities$2,874 $2,810 Liabilities held for sale (Note 4)— 1,255 Deferred income— 1,500 Total current liabilities2,874 5,565 Unsecured senior notes, net31,921 31,412 Revolving credit facility— 6,233 Other non-current liabilities361 335 Total liabilities35,156 43,545 Commitments and contingencies (Note 7)Stockholders’ equity:Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding— — Common stock $0.001 par value; 250,000,000 shares authorized; 12,095,979 and 12,213,599 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively12 12 Additional paid-in capital4,417,730 4,419,991 Accumulated deficit(4,163,536)(4,131,313)Total stockholders' equity254,206 288,690 Total liabilities and stockholders' equity$289,362 $332,235 

 See accompanying notes to the unaudited condensed consolidated financial statements.

1

SWK HOLDINGS CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per