SWK Holdings Reports Improved Fourth Quarter 2024 Financial Results

SWK Holdings Corporation revealed its financial results for the fourth quarter ending December 31, 2024. The company's GAAP net income for this period was $5.9 million, up from $2.8 million in the fourth quarter of 2023. The finance receivables segment reported an adjusted non-GAAP net income of $6.2 million, compared to $3.7 million a year earlier.

Revenue increased by 25% to $12.4 million, influenced by stronger results in the Finance Receivables and Pharmaceutical Development segments. The GAAP book value per share rose by 5% to $23.45, while the non-GAAP tangible finance book value per share saw an 8.3% increase to $21.15.

During the quarter, the company executed a series of financial maneuvers, such as finalizing an $8 million term loan with Triple Ring and extending its credit facility with Eton to $30 million. Moreover, the effective yield improved by 150 basis points to 15.5%, and total investment assets grew by 2.3% to $282.7 million.