SWK Holdings Corporation
SWKHHIGH VELOCITYFILING INTENSITYSWK Holdings Corporation reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market Financial Infrastructure.
Lens
Disclosed M&A capital (2023–2025)
N/A
vs N/A in 2020–2022
Disclosed transactions
N/A
0/3 active fiscal years in window
Buyer archetype
Selective Buyer
Acquisition use is visible but targeted.
Composite score
62
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $33M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- 322 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- Control-process language
- 47 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 47 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 47 activism filings
- Latest activism 1.6y ago
- Control-process filings
Distress Watch
Issuers showing financial-distress filing patterns
- 10-Q 215d stale
- 47 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
- 2 non-reliance 8-Ks
- 4 auditor changes
- 7 NT late filings
- Latest event 12y ago; heavily discounted
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 322 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $182M
- 10-Q 215d ago
- 5 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $20M · Peak count: 1
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | 1 | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Platform25%
- Bolt On25%
- Geographic Expansion25%
- Tuck In25%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- platform
- bolt_on
- geographic_expansion
- tuck_in
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“Our goal is to redeploy our existing assets to acquire, or invest in, one or more operating businesses with existing or prospective taxable income, or from which we can realize capital gains, that can be offset by use of our NOL carryforwards.”
“Many of our competitors have longer operating histories, significantly greater financial, technical, marketing and other resources, significantly greater name recognition and a larger installed base of customers than we have.”
“Since the completion of the Asset Sale, we have been seeking to redeploy our cash to maximize value for our stockholders and are seeking, analyzing and evaluating potential acquisition candidates.”
“we have been seeking to redeploy our cash to maximize value for our stockholders and are seeking, analyzing and evaluating potential acquisition or investment candidates”
“We may lose potential customers to competitors for various reasons, including the possible introduction by competitors of new software hosting technologies, which could be more scalable, easier to implement and cheaper than the current technologies, and the ability or willingness of competitors to offer lower prices and other incentives that we cannot match.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Financial Infrastructure
- Market spend (2023–2025)
- $186.1B
- Market spend (2020–2022)
- $98.1B
- Recent vs prior
- +90%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
SWKH trades at a -8.9-turn discount to the Financial Infrastructure peer median of 16.2×.
- EV / Revenue
- 4.5×
- Net debt / EBITDA
- -0.4×
- Peer median EV / EBITDA
- 16.2×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 22.0× | 14.5× | -0.4× | $43B | $1.8B | |
| 21.4× | 10.8× | 1.4× | $7.9B | $451M | |
| 16.2× | 8.2× | 3.2× | $13.1B | $10.3B | |
| 10.9× | 3.9× | 5.4× | $8.8B | $5.1B | |
SWK Holdings CorporationSWKH | 7.3× | 4.5× | -0.4× | $41M | N/A |
| 2.3× | 2.7× | -1.1× | $187B | $81.8B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Financial Infrastructure. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)382026-03-20
- 10-Q (quarterly)802025-11-06
- 8-K (event)3222026-04-06
- Proxy / DEF 14A452026-03-03
- Activism (13D / DFAN / PREC)472024-10-25
Signals on file
- critical
Non-reliance disclosure
2007-05-292 Item 4.02 filings on file; financial-statement non-reliance.
- elevated
Auditor change
2006-06-154 Item 4.01 filings on file; certifying accountant change.
- watch
Late-filing notice
2014-08-157 NT 10-K/10-Q filings on file.
- elevated
Activism on file
2024-10-2547 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Recent transaction activity
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.