Metalpha Technology Holding Limited(MATH)Earnings, Financials & Key Ratios
MATH•NASDAQ
$1.11
$48M mkt cap·2.7× P/E·Price updated May 6, 2026
AboutMetalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals. The company was formerly known as Dragon Victory International Limited and changed its name to Metalpha Technology Holding Limited in November 2022. The company was incorporated in 2015 and is headquartered in Wan Chai, Hong Kong.Show more
- Revenue$45M+165.9%
- EBITDA$18M+1138.2%
- Net Income$16M+532.0%
- EPS (Diluted)0.41+472.7%
- Gross Margin47.8%+42.4%
- EBITDA Margin39.49%+365.8%
- Operating Margin39.13%+392.5%
- Net Margin35.66%+262.5%
- ROE59.52%+305.8%
- ROIC55.82%+430.6%
- Debt/Equity0.01-98.1%
- Interest Coverage231.74-26.2%
MATH Key Insights
Metalpha Technology Holding Limited (MATH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 7/9
- ✓Strong 5Y sales CAGR of 424.3%
- ✓Trading at only 1.2x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 7 (bottom 7%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 11.1% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MATH Price & Volume
Metalpha Technology Holding Limited (MATH) stock price & volume — 10-year historical chart
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MATH Growth Metrics
Metalpha Technology Holding Limited (MATH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years424.27%
3 Years613.47%
TTM-122.87%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM19.86%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM43.04%
Return on Capital
10 Years14.55%
5 Years-3.11%
3 Years20.72%
Last Year65.28%
MATH Peer Comparison
Metalpha Technology Holding Limited (MATH) competitors in Aviation services and maintenance — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MSTR | 51.87B | 186.82 | -12.27 | 2.97% | -25.66% | -25.66% | 0.16 | |
 COIN | 56.86B | 197.96 | 44.49 | 1.03% | 20.08% | 0.52 | ||
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 |
Compare MATH vs Peers
Metalpha Technology Holding Limited (MATH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MATH Income Statement
Metalpha Technology Holding Limited (MATH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.59M | 4.28M | 2.76M | 11.25K | 225.75K | 122.71K | 5.69M | 16.76M | 44.57M | -432K |
| Revenue Growth % | 116% | 19.19% | -35.57% | -99.59% | 1906.3% | -45.64% | 4538.54% | 194.52% | 165.85% | -122.87% |
| Cost of Goods Sold | 310.68K | 1.69M | 1.26M | 0 | 438.26K | 334.82K | 3.67M | 11.14M | 23.26M | 24.73M |
| COGS % of Revenue | 8.65% | 39.52% | 45.77% | - | 194.14% | 272.85% | 64.49% | 66.43% | 52.2% | - |
| Gross Profit | 3.28M▲ 0% | 2.59M▼ 21.1% | 1.5M▼ 42.2% | 11.25K▼ 99.2% | -213K▼ 1993.0% | 46.93K▲ 122.0% | 2.02M▲ 4206.8% | 5.63M▲ 178.5% | 21.3M▲ 278.5% | -25.16M▲ 0% |
| Gross Margin % | 91.36% | 60.48% | 54.23% | 100% | -94.35% | 38.24% | 35.51% | 33.57% | 47.8% | - |
| Gross Profit Growth % | 130.01% | -21.1% | -42.23% | -99.25% | -1993% | 122.03% | 4206.78% | 178.48% | 278.51% | - |
| Operating Expenses | 1.26M | 2.2M | 3.73M | 2.13M | 201.54K | 3.3M | 3.58M | 4.3M | 3.86M | 6.22M |
| OpEx % of Revenue | 35.21% | 51.48% | 135.29% | 18929.97% | 89.27% | 2686.8% | 62.82% | 25.63% | 8.67% | - |
| Selling, General & Admin | 1.08M | 2.17M | 3.55M | 1.12M | 4M | 3.14M | 2.78M | 4.21M | 3.7M | 6.22M |
| SG&A % of Revenue | 30.08% | 50.78% | 128.87% | 9980.45% | 1771.88% | 2560.49% | 48.84% | 25.1% | 8.3% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 93.99K | 30.34K | 138.52K | 1.01M | -59.58K | 155.3K | 88.36K | 88.81K | 161.89K | 0 |
| Operating Income | 2.02M▲ 0% | 384.04K▼ 80.9% | -2.23M▼ 682.0% | -2.12M▲ 5.2% | -3.93M▼ 85.4% | -3.25M▲ 17.3% | -1.55M▲ 52.2% | 1.33M▲ 185.7% | 17.44M▲ 1209.3% | -31.38M▲ 0% |
| Operating Margin % | 56.13% | 8.97% | -81.07% | -18832.21% | -1739.99% | -2648.5% | -27.32% | 7.95% | 39.13% | - |
| Operating Income Growth % | 196.92% | -80.94% | -681.97% | 5.19% | -85.37% | 17.26% | 52.15% | 185.66% | 1209.25% | - |
| EBITDA | 2.04M | 404.21K | -2.13M | -2.03M | -3.85M | -3.09M | -1.46M | 1.42M | 17.6M | -31.16M |
| EBITDA Margin % | 56.72% | 9.45% | -77.37% | -18020.17% | -1706.09% | -2521.94% | -25.57% | 8.48% | 39.49% | - |
| EBITDA Growth % | 191.12% | -80.15% | -627.71% | 4.94% | -89.95% | 19.65% | 52.96% | 197.65% | 1138.24% | -133.27% |
| D&A (Non-Cash Add-back) | 21.3K | 20.17K | 101.93K | 91.37K | 76.51K | 155.3K | 99.34K | 89.46K | 161.89K | 218.32K |
| EBIT | 2.18M | 758.92K | -1.46M | -1.46M | -699K | -9.29M | -11.69M | -3.67M | 15.97M | -5.12M |
| Net Interest Income | 69.16K | 312.86K | 636.36K | 665.27K | -1.61M | -1.94M | 16.82K | 29.72K | -51.25K | -37.99K |
| Interest Income | 69.16K | 312.86K | 636.49K | 667.9K | 783 | 1.49K | 25.28K | 33.96K | 24K | 35.11K |
| Interest Expense | 0 | 0 | 133 | 2.63K | 1.61M | 1.94M | 8.46K | 4.24K | 75.25K | 73.1K |
| Other Income/Expense | 163.15K | 374.88K | 774.88K | 659.9K | -2.31M | -7.98M | -10.15M | -5.01M | -1.54M | 27.05M |
| Pretax Income | 2.18M▲ 0% | 758.92K▼ 65.2% | -1.46M▼ 292.4% | -1.46M▲ 0.1% | -2.31M▼ 58.0% | -11.23M▼ 387.1% | -11.7M▼ 4.2% | -3.68M▲ 68.6% | 15.89M▲ 532.0% | -4.33M▲ 0% |
| Pretax Margin % | 60.67% | 17.74% | -52.96% | -12966.58% | -1021.05% | -9149.09% | -205.57% | -21.95% | 35.66% | 1003.37% |
| Income Tax | 464.33K | 633.61K | 0 | 27.41K | 1.52M | 8.06K | 218.03K | 0 | 0 | 333.87K |
| Effective Tax Rate % | 21.32% | 83.49% | 0% | -1.88% | -65.86% | -0.07% | -1.86% | 0% | 0% | -7.7% |
| Net Income | 1.71M▲ 0% | 193.13K▼ 88.7% | -1.06M▼ 646.8% | -1.42M▼ 34.4% | -5.15M▼ 262.7% | -14.44M▼ 180.6% | -20.56M▼ 42.4% | -3.68M▲ 82.1% | 15.89M▲ 532.0% | -14.33M▲ 0% |
| Net Margin % | 47.74% | 4.51% | -38.3% | -12611.09% | -2279.97% | -11767.49% | -361.16% | -21.95% | 35.66% | - |
| Net Income Growth % | 162.54% | -88.73% | -646.78% | -34.38% | -262.72% | -180.55% | -42.36% | 82.1% | 532.04% | 19.86% |
| Net Income (Continuing) | 1.71M | 125.3K | -1.46M | -1.49M | -5.21M | -11.23M | -11.92M | -3.68M | 15.89M | -4.67M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | -3.19M | -8.25M | 0 | 0 | -1000K |
| Minority Interest | 0 | -78.79K | -489.76K | -547.78K | -611.69K | 1.41M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.15▲ 0% | 0.02▼ 88.1% | -0.09▼ 616.8% | -0.12▼ 29.7% | -0.44▼ 266.7% | -0.79▼ 79.5% | -0.76▲ 3.8% | -0.11▲ 85.5% | 0.41▲ 472.7% | -0.38▲ 0% |
| EPS Growth % | 167.86% | -88.07% | -616.76% | -29.73% | -266.67% | -79.55% | 3.8% | 85.53% | 472.73% | 43.04% |
| EPS (Basic) | 0.15 | 0.02 | -0.09 | -0.12 | -0.44 | -0.79 | -0.76 | -0.11 | 0.41 | - |
| Diluted Shares Outstanding | 11.67M | 10.77M | 11.42M | 11.42M | 11.65M | 18.3M | 26.99M | 34.71M | 38.55M | 38.05M |
| Basic Shares Outstanding | 11.67M | 10.77M | 11.42M | 11.42M | 11.65M | 18.3M | 26.99M | 34.71M | 38.55M | 38.05M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
MATH Balance Sheet
Metalpha Technology Holding Limited (MATH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 4.05M | 11.79M | 11.85M | 9.75M | 15.53M | 23.63M | 55.92M | 174.63M | 246.48M | 236.89M |
| Cash & Short-Term Investments | 3.22M | 8.68M | 9.5M | 15.93K | 982.54K | 5.29M | 9.47M | 48.08M | 20.7M | 236.72M |
| Cash Only | 3.22M | 3.94M | 38.6K | 15.93K | 982.54K | 5.29M | 6.75M | 4.88M | 6.92M | 3.81M |
| Short-Term Investments | 0 | 4.74M | 9.46M | 0 | 0 | 0 | 2.72M | 43.19M | 13.78M | 232.9M |
| Accounts Receivable | 740.82K | 2.37M | 2.15M | 9.73M | 9.03M | 9.52M | 163.62K | 50.58K | 3.96M | 4.11M |
| Days Sales Outstanding | 75.32 | 202.17 | 284.56 | 315.6K | 14.61K | 28.32K | 10.49 | 1.1 | 32.41 | -1.06K |
| Inventory | 0 | 117.98K | 0 | -762.4K | -5.44M | 379.62K | 5.17M | 0 | 221.16M | 204.59M |
| Days Inventory Outstanding | - | 25.47 | - | - | - | 413.83 | 514.27 | - | 3.47K | 985.06 |
| Other Current Assets | 0 | -117.98K | 0 | 705.16K | 0 | -8.44M | 5.11M | 0 | -771 | -208.63M |
| Total Non-Current Assets | 158.94K | 1.22M | 464.73K | 216.95K | 101.23K | 712.46K | 158.73K | 89.93K | 295.33K | 335.81K |
| Property, Plant & Equipment | 32.82K | 1.06M | 377.7K | 195.55K | 94.59K | 683.02K | 129.35K | 41.58K | 238.1K | 279.08K |
| Fixed Asset Turnover | 109.37x | 4.04x | 7.30x | 0.06x | 2.39x | 0.18x | 44.00x | 403.16x | 187.18x | -3.22x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 812 | 1.37K | 927 | 490 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 72.56K | 75.55K | 0 | 0 | 0 | 0 | 0 | 126.47M | 0 | 183.7M |
| Other Non-Current Assets | 52.74K | 87.34K | 86.1K | 20.91K | 6.64K | 29.44K | 29.38K | -126.42M | 57.23K | -57.12M |
| Total Assets | 4.21M▲ 0% | 13.02M▲ 209.0% | 12.31M▼ 5.4% | 9.96M▼ 19.1% | 15.63M▲ 56.9% | 24.34M▲ 55.7% | 56.08M▲ 130.4% | 174.72M▲ 211.6% | 246.77M▲ 41.2% | 237.22M▲ 0% |
| Asset Turnover | 0.85x | 0.33x | 0.22x | 0.00x | 0.01x | 0.01x | 0.10x | 0.10x | 0.18x | -0.00x |
| Asset Growth % | 109.48% | 209.02% | -5.4% | -19.1% | 56.9% | 55.72% | 130.41% | 211.56% | 41.24% | 428.18% |
| Total Current Liabilities | 1.19M | 2.02M | 2.93M | 2.59M | 7.07M | 10.03M | 47.44M | 157.87M | 210.19M | 211.78M |
| Accounts Payable | 63.48K | 52.96K | 13.32K | 731.39K | 22.14K | 6.86K | 11.61M | 65.73M | 53.83M | 22.94M |
| Days Payables Outstanding | 74.58 | 11.43 | 3.85 | - | 18.44 | 7.48 | 1.15K | 2.15K | 844.58 | 454.63 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 4.02M | 0 | 0 | 5M | 0 | 187.28K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.94M |
| Other Current Liabilities | 0 | 0 | 0 | 403.69K | 688.37K | 7.7M | 47.12M | 152.6M | 0 | 206.47M |
| Current Ratio | 3.40x | 5.83x | 4.04x | 3.76x | 2.20x | 2.36x | 1.18x | 1.11x | 1.17x | 1.17x |
| Quick Ratio | 3.40x | 5.77x | 4.04x | 4.05x | 2.97x | 2.32x | 1.07x | 1.11x | 0.12x | 0.12x |
| Cash Conversion Cycle | - | 216.21 | - | - | - | 28.73K | -629.82 | - | 2.66K | -531.65 |
| Total Non-Current Liabilities | 0 | 0 | 66.9K | 0 | 9.84K | 105.54K | 40.11K | 0 | 22.87K | 118.63K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 66.9K | 0 | 9.84K | 105.54K | 40.11K | 0 | 22.87K | 158.75K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.19M | 2.02M | 3M | 2.59M | 7.08M | 10.14M | 47.48M | 157.87M | 210.21M | 211.9M |
| Total Debt | 0 | 0 | 147.17K | 63.53K | 4.06M | 368.75K | 133.28K | 5.04M | 212.69K | 305.91K |
| Net Debt | -3.22M | -3.94M | 108.57K | 47.6K | 3.08M | -4.92M | -6.61M | 159.83K | -6.71M | -3.51M |
| Debt / Equity | - | - | 0.02x | 0.01x | 0.47x | 0.03x | 0.02x | 0.30x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | 3.55x | 0.01x | -0.01x |
| Net Debt / EBITDA | -1.58x | -9.74x | - | - | - | - | - | 0.11x | -0.38x | -0.38x |
| Interest Coverage | - | - | -16804.51x | -807.24x | -2.44x | -1.67x | -183.72x | 314.08x | 231.74x | -70.04x |
| Total Equity | 3.02M▲ 0% | 10.99M▲ 263.8% | 9.32M▼ 15.2% | 7.37M▼ 20.9% | 8.55M▲ 16.0% | 14.2M▲ 66.1% | 8.6M▼ 39.5% | 16.85M▲ 96.0% | 36.56M▲ 116.9% | 25.32M▲ 0% |
| Equity Growth % | 107.87% | 263.83% | -15.25% | -20.89% | 16.02% | 66.08% | -39.47% | 96.03% | 116.95% | 203.31% |
| Book Value per Share | 0.26 | 1.02 | 0.82 | 0.65 | 0.73 | 0.78 | 0.32 | 0.49 | 0.95 | 0.67 |
| Total Shareholders' Equity | 3.02M | 11.07M | 9.81M | 7.92M | 9.16M | 12.79M | 8.6M | 16.85M | 36.56M | 25.32M |
| Common Stock | 1K | 1.14K | 1.14K | 1.14K | 1.33K | 2.36K | 3.1K | 3.73K | 3.95K | 3.84K |
| Retained Earnings | 2.05M | 1.88M | 663.7K | -755.6K | -5.9M | -20.38M | -40.25M | -43.93M | -28.03M | -37.88M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -353.82K | -435.94K | -435.94K | -435.94K |
| Accumulated OCI | -84.29K | 264.94K | 212.08K | -270.39K | 22.33K | 624.43K | -244.71K | 22.55M | 24.12M | 24M |
| Minority Interest | 0 | -78.79K | -489.76K | -547.78K | -611.69K | 1.41M | 0 | 0 | 0 | 0 |
MATH Cash Flow Statement
Metalpha Technology Holding Limited (MATH) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.68M | -1.01M | 774.48K | -1.44M | -3.1M | -4.86M | -1.14M | -11.6M | 71.99K | 71.99K |
| Operating CF Margin % | 74.64% | -23.65% | 28.09% | -12822.42% | -1374.33% | -3959.84% | -20.03% | -69.19% | 0.16% | - |
| Operating CF Growth % | 6295.64% | -137.76% | 176.54% | -286.29% | -115.04% | -56.62% | 76.53% | -917.18% | 100.62% | -426.44% |
| Net Income | 1.71M | 125.3K | -1.46M | -1.46M | -5.21M | -14.42M | -11.7M | -3.68M | 15.89M | -14.33M |
| Depreciation & Amortization | 19.01K | 19.89K | 101.93K | 86.41K | 76.51K | 64.98K | 99.34K | 89.46K | 161.89K | 163.44K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 1.47M | 1.05M | 753.68K | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 6.11M | 4.11M | 0 | 0 | 0 |
| Other Non-Cash Items | 23.06K | 1.96M | 819.58K | 294.01K | 1.28M | 1.76M | 2.33M | 5.34M | -20.09M | 14.96M |
| Working Capital Changes | 946.51K | -1.16M | 1.31M | -364.1K | 750.87K | 160.18K | 2.97M | -14.1M | 4.1M | -13.66M |
| Change in Receivables | -634.4K | -925.09K | -139.03K | -79.47K | 720.51K | 117.17K | 196.52K | 121.5K | -4.54M | -31.21K |
| Change in Inventory | 0 | 0 | 0 | 0 | -720.51K | -117.17K | -196.52K | 0 | 0 | -2 |
| Change in Payables | -13.75K | -33.21K | 634.21K | 58.71K | 6.42K | 1.2M | 2.78M | 3.81M | -11.82M | -4.52M |
| Cash from Investing | 797.29K | -6.27M | -4.81M | 739.3K | 1.29M | 422.89K | -20.42K | 32.68K | -23.31K | 13.66M |
| Capital Expenditures | -1.68K | -1.45M | -31.33K | 0 | -238 | -288.33K | -3.16K | -1.28K | -47.31K | 10.62K |
| CapEx % of Revenue | 0.05% | 33.84% | 1.14% | - | 0.11% | 234.97% | 0.06% | 0.01% | 0.11% | - |
| Acquisitions | 0 | 0 | 0 | 7.26K | 0 | -92.46K | -70.74K | 0 | 0 | -70.73K |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 798.97K | 0 | 30 | 667.9K | 355.37K | -80K | 53.47K | 33.96K | 24K | 35.55K |
| Cash from Financing | -171.42K | 7.9M | 259.89K | 258.26K | 3.03M | 8.98M | 2.6M | 9.73M | 2.11M | 9.11M |
| Debt Issued (Net) | -15.97K | 0 | 0 | -37.81K | 3.1M | 1.7M | -211.17K | 4.9M | -141.82K | 5M |
| Equity Issued (Net) | 0 | 1000K | 0 | 19.66K | 0 | 1000K | 1000K | 1000K | 1000K | 1.88M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -353.82K | -82.13K | 0 | -435.94K |
| Other Financing | -155.45K | 172.31K | 259.89K | 276.41K | -69.61K | 3.28M | -139.93K | 75.11K | 0 | -522.33K |
| Net Change in Cash | 3.22M▲ 0% | 715.13K▼ 77.8% | -3.9M▼ 645.2% | -22.67K▲ 99.4% | 966.61K▲ 4363.1% | 4.3M▲ 345.3% | 1.46M▼ 66.1% | -1.87M▼ 227.8% | 2.04M▲ 209.2% | -3.46M▲ 0% |
| Free Cash Flow | 2.68M▲ 0% | -2.46M▼ 191.9% | 743.15K▲ 130.2% | -1.44M▼ 294.1% | -3.1M▼ 115.1% | -5.15M▼ 65.9% | -1.14M▲ 77.8% | -11.6M▼ 914.5% | 24.68K▲ 100.2% | -3.9M▲ 0% |
| FCF Margin % | 74.59% | -57.48% | 26.96% | -12822.42% | -1374.43% | -4194.8% | -20.09% | -69.2% | 0.06% | - |
| FCF Growth % | 4506.82% | -191.86% | 130.21% | -294.14% | -115.05% | -65.9% | 77.79% | -914.48% | 100.21% | 59.31% |
| FCF per Share | 0.23 | -0.23 | 0.07 | -0.13 | -0.27 | -0.28 | -0.04 | -0.33 | 0.00 | 0.00 |
| FCF Conversion (FCF/Net Income) | 1.56x | -5.24x | -0.73x | 1.02x | 0.60x | 0.34x | 0.06x | 3.15x | 0.00x | 0.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 285.75K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MATH Key Ratios
Metalpha Technology Holding Limited (MATH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 76.6% | 2.76% | -10.4% | -17.01% | -64.66% | -126.93% | -180.34% | -28.91% | 59.52% | -56.59% |
| Return on Invested Capital (ROIC) | 238.55% | 8.4% | -20.34% | -18.87% | -30.93% | -23.31% | -20.71% | 10.52% | 55.82% | 55.82% |
| Gross Margin | 91.36% | 60.48% | 54.23% | 100% | -94.35% | 38.24% | 35.51% | 33.57% | 47.8% | 5825.23% |
| Net Margin | 47.74% | 4.51% | -38.3% | -12611.09% | -2279.97% | -11767.49% | -361.16% | -21.95% | 35.66% | 3317% |
| Debt / Equity | - | - | 0.02x | 0.01x | 0.47x | 0.03x | 0.02x | 0.30x | 0.01x | 0.01x |
| Interest Coverage | - | - | -16804.51x | -807.24x | -2.44x | -1.67x | -183.72x | 314.08x | 231.74x | -70.04x |
| FCF Conversion | 1.56x | -5.24x | -0.73x | 1.02x | 0.60x | 0.34x | 0.06x | 3.15x | 0.00x | 0.27x |
| Revenue Growth | 116% | 19.19% | -35.57% | -99.59% | 1906.3% | -45.64% | 4538.54% | 194.52% | 165.85% | -122.87% |
MATH Frequently Asked Questions
Metalpha Technology Holding Limited (MATH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Metalpha Technology Holding Limited (MATH) reported $-0.4M in revenue for fiscal year 2025.
Metalpha Technology Holding Limited (MATH) grew revenue by 165.9% over the past year. This is strong growth.
Metalpha Technology Holding Limited (MATH) reported a net loss of $14.3M for fiscal year 2025.
Dividend & Returns
Metalpha Technology Holding Limited (MATH) has a return on equity (ROE) of 59.5%. This is excellent, indicating efficient use of shareholder capital.
Metalpha Technology Holding Limited (MATH) had negative free cash flow of $3.9M in fiscal year 2025, likely due to heavy capital investments.
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