SWK Holdings Corp

SWK Holdings Corp operates as a specialty finance and asset management business, with a focus on the healthcare sector. The company commenced its specialty finance and asset management strategy in July 2012. Prior to September 30, 2025, its operations included two reportable segments: "Finance Receivables" and "Pharmaceutical Development." Following the sale of substantially all assets of the Pharmaceutical Development segment, the Finance Receivables segment will be the sole operating segment in subsequent years. SWK Holdings Corp evaluates and invests in a wide range of healthcare-related companies and products with innovative intellectual property, spanning the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, collectively referred to as "life sciences." The company allocates capital within its finance receivables portfolio to generate income from the sales of life science products by third parties and related earned income sources. The Finance Receivables segment aims to be a leading healthcare capital provider by offering customized financing solutions to life science companies, institutions, and inventors. This segment primarily monetizes cash flow streams from commercial-stage products and related intellectual property through royalty purchases and financings, and by creating synthetic revenue interests in commercialized products. Business partners are primarily involved in selling products that treat diseases or improve the wellness of people or animals, or they receive royalties from such product sales. For instance, biotechnology and pharmaceutical partners commercialize medicines, while life science tools partners sell research instrumentation for clinical research. The company earns interest, fees, and other income through this strategy and continuously seeks financing opportunities tailored to its partners' needs. SWK Holdings Corp serves an underserved niche in the sub-$50.0 million transaction size market. The company is headquartered in Dallas, Texas.