Metalpha Technology Holding Limited (MATH) Revenue History
Annual and quarterly revenue from 2015 to present
MATH Revenue Over Time (2015–2025)
MATH Revenue Growth History
6 of 9 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +116.0%
- FY2018 revenue growth
- +19.2%
- FY2019 revenue growth
- -35.6%
- FY2020 revenue growth
- -99.6%
- FY2021 revenue growth
- +1906.3%
- FY2022 revenue growth
- -45.6%
- FY2023 revenue growth
- +4538.5%
- FY2024 revenue growth
- +194.5%
- FY2025 revenue growth
- +165.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $0 | — |
| Q4 2025 | $0 | — |
| Q2 2025 | $0 | — |
| Q4 2024 | $0 | +100.0% |
| Q2 2024 | $0 | -100.0% |
| Q4 2023 | $-432,000 | — |
| Q2 2023 | $432K | -64.9% |
| Q2 2022 | $1.2M | +2440.7% |
MATH Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 28, 2026, Metalpha Technology Holding Limited (MATH) generated trailing twelve-month (TTM) revenue of $0. The most recent quarter (Q2 2026) recorded $0 in revenue
Historical Growth Trajectory
MATH's 5-year compound annual growth rate (CAGR) stands at +424.3%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +613.5% exceeds the 5-year average, indicating an acceleration in the most recent period. Metalpha Technology Holding Limited's highest annual revenue of $44.6 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Industrials sector peers — including MSTR (+6.8% YoY), COIN, and MARA. Compare MATH vs MSTR →
MATH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MATHCurrent | $0 | - | +424.3% | 39.1% | |
 MSTR | $477M | +6.8% | -0.1% | -1140.8% | |
 COIN | $7.2B | - | - | 20.0% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 HUT | $15M | - | - | -2104.6% |
MATH Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $44.6M | +165.9% | $21.3M | 47.8% | $17.4M | 39.1% |
| 2024 | $16.8M | +194.5% | $5.6M | 33.6% | $1.3M | 7.9% |
| 2023 | $5.7M | +4538.5% | $2.0M | 35.5% | $-1,555,000 | -27.3% |
| 2022 | $123K | -45.6% | $47K | 38.2% | $-3,250,000 | -2648.5% |
| 2021 | $226K | +1906.3% | $-213,000 | -94.4% | $-3,928,000 | -1740.0% |
| 2020 | $11K | -99.6% | $11K | 100.0% | $-2,119,000 | -18832.2% |
| 2019 | $2.8M | -35.6% | $1.5M | 54.2% | $-2,235,000 | -81.1% |
| 2018 | $4.3M | +19.2% | $2.6M | 60.5% | $384K | 9.0% |
| 2017 | $3.6M | +116.0% | $3.3M | 91.4% | $2.0M | 56.1% |
| 2016 | $1.7M | - | $1.4M | 85.8% | $679K | 40.8% |
| 2015 | $0 | - | $0 | - | $-296,000 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MATH — Frequently Asked Questions
Quick answers to the most common questions about buying MATH stock.
Is MATH's revenue growth accelerating or slowing?
MATH TTM revenue: $0.00. YoY growth: N/A. 5-year CAGR: +424.3%.
What is MATH's revenue history from 2015 to 2026?
Metalpha Technology Holding Limited (MATH) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $0.00, growing at N/A YoY. The 5-year CAGR is +424.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MATH's long-term revenue growth rate (CAGR)?
Metalpha Technology Holding Limited's 5-year revenue CAGR of +424.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of N/A is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MATH.
Why does MATH's quarterly revenue fluctuate?
MATH quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Metalpha Technology Holding Limited's revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is MATH's revenue distributed by segment?
MATH reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MATH's revenue compare to industry peers?
Metalpha Technology Holding Limited (MATH) with TTM revenue of $0.00 and N/A YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.