Swvl Posts $7.99M in Q2 Revenue
SWVL has more than doubled off its 52-week low of $1.3.
Summary
Swvl reported first-half 2026 revenue of $16.2 million, up 59% year over year, and a net loss of $520,182, with cash and equivalents of $2.09 million as of June 30, 2026. GCC revenue rose 107%, and dollar-pegged revenue reached 44% of total revenue. Net dollar retention was 123%. The company had previously reported second-quarter revenue of $7.99 million, the first hard quarterly number from the company in the recent timeline, which has been dominated by financing and operational announcements. No prior-year comparison or profit metric is provided for the second quarter, so the market will assess this against expectations. The company's market cap is roughly $73 million, making the revenue figures a meaningful data point for valuation. The report follows a $14.5 million strategic round closed in September and a new Saudi shuttle service announced in late September.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — Swvl's H1 2026 net loss was $520,182, with cash and equivalents of $2.09 million as of June 30, 2026.
At the time of this announcement, SWVL was trading at $3.64 on NASDAQ in the Technology sector, with a market capitalization of approximately $72.7M. The 52-week trading range was $1.30 to $8.48. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.