---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-025962"
form_type: "8-K"
ticker: "SWKHL"
cik: "0001089907"
company_name: "SWK Holdings Corp"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T04:28:53.431258+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SWK Holdings Q1 2025 GAAP net income $4.5M, up from $0.5M; $4.00 special dividend paid

## Summary
- Q1 2025 GAAP net income $4.5M ($0.37/diluted share) vs $0.5M ($0.04) in Q1 2024.
- Revenue $11.8M, up 3.5% YoY; finance receivables segment adjusted non-GAAP net income $8.6M (vs $2.3M).
- GAAP book value per share $23.94, up 6.8% YoY; non-GAAP tangible financing book value per share $21.73, up 10.5%.
- After quarter end, sold majority of royalty portfolio for ~$34M and paid $4.00 per share special dividend.
- Effective yield on finance receivables 14.5% (up 30 bps); net finance receivables $223.1M, down 14.5% YoY.

## SEC filing metadata
- accession: 0001628280-25-025962
- form_type: 8-K
- ticker: SWKHL
- cik: 0001089907
- company_name: SWK Holdings Corp
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089907/000162828025025962/0001628280-25-025962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089907/000162828025025962/swkh-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-025962
- JSON: https://secwatch.observer/filing/0001628280-25-025962.json
- Plain text: https://secwatch.observer/filing/0001628280-25-025962.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.