MATH
Metalpha Technology Holding Limited
NASDAQ: MATH · FINANCIAL SERVICES · CAPITAL MARKETS
$1.09
-2.68% today
Updated 2026-04-30
Market cap
$43.84M
P/E ratio
5.61
P/S ratio
1.19x
EPS (TTM)
$0.18
Dividend yield
—
52W range
$1 – $4
Volume
0.1M
Metalpha Technology Holding Limited (MATH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.66M | $3.59M | $4.28M | $2.76M | $11252.00 | $225749.00 | $122711.00 | $5.69M | $16.76M | $44.57M |
| Revenue growth (YoY) | — | — | +116.0% | +19.2% | -35.6% | -99.6% | +1906.3% | -45.6% | +4538.5% | +194.5% | +165.9% |
| Cost of revenue | — | $236778.00 | $310680.00 | $1.69M | $1.26M | $576995.00 | $438259.00 | $334822.00 | $3.67M | $11.14M | $23.26M |
| Gross profit | — | $1.43M | $3.28M | $2.59M | $1.50M | $11252.00 | $-213000.00 | $46926.00 | $2.02M | $5.63M | $21.30M |
| Gross margin | — | 85.8% | 91.4% | 60.5% | 54.2% | 100.0% | -94.4% | 38.2% | 35.5% | 33.6% | 47.8% |
| R&D | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | $714869.00 | $1.07M | $2.15M | $2.51M | $1.12M | $655772.00 | $3.66M | $3.45M | $4.17M | $3.63M |
| Operating income | $-296000.00 | $678623.00 | $2.02M | $384041.00 | $-2.23M | $-2.12M | $-3.93M | $-3.25M | $-1.55M | $1.33M | $17.44M |
| Operating margin | — | 40.8% | 56.1% | 9.0% | -81.1% | -18832.2% | -1740.0% | -2648.5% | -27.3% | 7.9% | 39.1% |
| EBITDA | $-295000.00 | $905910.00 | $2.20M | $779090.00 | $-1.36M | $-1.36M | $-622491.00 | $-9.13M | $-11.59M | $-3.59M | $16.13M |
| EBITDA margin | — | 54.5% | 61.3% | 18.2% | -49.3% | -12131.2% | -275.7% | -7439.4% | -203.7% | -21.4% | 36.2% |
| EBIT | $-295684.00 | $885072.00 | $2.18M | $758916.00 | $-1.46M | $-1.46M | $-699000.00 | $-9.28M | $-11.69M | $-3.68M | $15.97M |
| Interest expense | $18735.00 | $61883.00 | $69161.00 | $312855.00 | $133.00 | $2625.00 | $1.61M | $1.94M | $8464.00 | $4241.00 | $75253.00 |
| Income tax | $-66641.00 | $164817.00 | $464327.00 | $633614.00 | $-265000.00 | $27413.00 | $1.52M | $8061.00 | $218035.00 | $-5.01M | — |
| Effective tax rate | 21.0% | 20.2% | 21.3% | 76.6% | 20.1% | -2.0% | -41.8% | -0.1% | -1.1% | 57.6% | 0.0% |
| Net income | $-250000.00 | $652852.00 | $1.71M | $193131.00 | $-1.06M | $-1.42M | $-5.15M | $-14.44M | $-20.56M | $-3.68M | $15.89M |
| Net income growth (YoY) | — | +361.1% | +162.5% | -88.7% | -646.8% | -34.4% | -262.7% | -180.6% | -42.4% | +82.1% | +532.0% |
| Profit margin | — | 39.3% | 47.7% | 4.5% | -38.3% | -12611.1% | -2280.0% | -11767.5% | -361.2% | -21.9% | 35.7% |