Swvl Holdings CorpSWVL
What Swvl Holdings Corp does.
We are a technology-driven disruptive mobility company that aims to provide reliable, safe, cost-effective and environmentally responsible mass transit solutions. Our mission is to identify and solve inefficiencies associated with low-quality or sometimes non-existent public transportation infrastructure in urban areas that are in critical need of such services. Our technology and services provide commuters, travelers and businesses with a valuable alternative to traditional public transportation, taxi companies or other ridesharing companies. Through our platform, we provide thousands of riders per day with a dynamically-routed self-optimizing network of minibuses and other vehicles, helping people get where they need to go.
We currently serve the customers on our platform through two offerings: (i) business to consumer (“B2C”), and (ii) we also offer enterprise products sold to corporate customers called B2B for businesses, schools, municipal transit agencies and other customers that operate their own transportation programs, leveraging the technology that we use for the B2C offerings. These products include, among other things, access to our platform, use of our proprietary technologies, fleet management consulting and reporting services and use of the vehicles and drivers on our network to operate such transportation programs. We package our B2B products to meet the specific needs of each customer.
Revenue and profit, by fiscal year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | $12.4M | $15.0M | $25.6M | $43.0M | $22.9M | $17.2M |
| Net income | $35.3M | -$29.7M | -$141.4M | -$116.5M | $3.1M | -$10.3M |
| Free cash flow | -$40.4M | -$30.8M | -$62.5M | -$118.5M | -$9.1M | — |
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Figures from Swvl Holdings Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.