SWK Holdings (SWKHL) Operating Expenses (2010 - 2025)
SWK Holdings (SWKHL) posted quarterly Operating Expenses of $5.4 million for Q4 2025, up 54.95% year-over-year from $3.5 million in Q4 2024, and up 56.07% quarter-over-quarter from $3.4 million in Q3 2025.
SWK Holdings (SWKHL) Operating Expenses (2010 - 2025) Analysis & Trends
SWK Holdings (SWKHL) has reported Operating Expenses for 13 consecutive years, with $5.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 54.95% year-over-year to $5.4 million; the TTM figure through Dec 2025 stood at $16.3 million (up 312.91% YoY), while the FY2025 annual figure was $16.3 million, up 19.17% from the prior year.
- Operating Expenses grew to $5.4 million in Q4 2025 per SWKHL's latest filing, from $3.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $6.9 million in Q3 2021 and bottomed at -$49.9 million in Q4 2021.
- Historically, Operating Expenses has averaged -$1.8 million across 5 years, with a median of $1.6 million in 2023.
- Annual changes were most pronounced in 2021 — Operating Expenses tumbled 702.85% — and 2024, when it surged 1151.06%.
- SWK Holdings' Operating Expenses stood at -$49.9 million in 2021, then surged by 107.64% to $3.8 million in 2022, then slumped by 108.63% to -$329000.0 in 2023, then soared by 1151.06% to $3.5 million in 2024, then jumped by 54.95% to $5.4 million in 2025.
- Business Quant data shows SWKHL's Operating Expenses at $5.4 million in Q4 2025, $3.4 million in Q3 2025, and $3.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 3.18 Bn |
| 10 | SWK Holdings | 309.22 Mn | 266.46 Mn | - | 5.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.36 Mn |
| Sep 30, 2025 | 3.43 Mn |
| Jun 30, 2025 | 3.49 Mn |
| Mar 31, 2025 | 4.04 Mn |
| Dec 31, 2024 | 3.46 Mn |
| Sep 30, 2024 | 3.58 Mn |
| Jun 30, 2024 | -1.61 Mn |
| Mar 31, 2024 | -1.47 Mn |
| Dec 31, 2023 | -329,000.00 |
| Sep 30, 2023 | -4.33 Mn |
| Jun 30, 2023 | -4.67 Mn |
| Mar 31, 2023 | -5.32 Mn |
| Dec 31, 2022 | 3.81 Mn |
| Sep 30, 2022 | -6.76 Mn |
| Jun 30, 2022 | -1.74 Mn |
| Mar 31, 2022 | -5.29 Mn |
| Dec 31, 2021 | -49.89 Mn |
| Sep 30, 2021 | 6.93 Mn |
| Jun 30, 2021 | 5.66 Mn |
| Mar 31, 2021 | 6.26 Mn |