Financials · MATH

Metalpha Technology Holding Limited (MATH) financials

For fiscal 2026 (ended Mar 31, 2026), Metalpha Technology Holding Limited reported $37.13M of revenue and $1.28M of net income.

Revenue, FY2026
$37.13M
Revenue growth, YoY
-16.7%
Net income, FY2026
$1.28M
Net income growth, YoY
-91.9%
Net margin
3.5%
EPS, diluted, FY2026
$0.02
EPS growth, YoY
-92.9%
Cash
$3.94M
Total debt
$460.8K
P/E
37.41
P/S
1.29
Market cap
$48.0M
Annual revenue$37.13M
FY2017FY2026
Annual net income$1.28M
FY2017FY2026
Annual free cash flow$24.7K
FY2023FY2025

MATH revenue and earnings growth

MATH revenueFY2026$37.13M

FY YoY
-16.7%
5Y CAGR
+177.5%
10Y CAGR
+36.4%

MATH revenue was $37.13M for fiscal 2026 (ended Mar 31, 2026), down 16.7% from fiscal 2025. Compound annual growth was +177.5% over 5 years and +36.4% over 10 years. It rose in 7 of the last 10 fiscal years.

MATH net incomeFY2026$1.28M

FY YoY
-91.9%
10Y CAGR
+7.0%

MATH net income was $1.28M for fiscal 2026 (ended Mar 31, 2026), down 91.9% from fiscal 2025. Compound annual growth was +7.0% over 10 years.

MATH EPSFY2026$0.02

FY YoY
-92.9%

MATH diluted EPS was $0.02 for fiscal 2026 (ended Mar 31, 2026), down 92.9% from fiscal 2025.

MATH free cash flowFY2025$24.7K

MATH free cash flow was $24.7K for fiscal 2025 (ended Mar 31, 2025), compared with -$11.60M in fiscal 2024.

Income statement

Income statement
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Revenue$37.13M$44.57M$16.76M$5.69M$2.16M$225.7K$11.3K$2.76M$4.28M$3.59M
Cost of revenue$21.74M$23.26M$11.14M$3.67M$75.8K-----
Gross profit$15.39M$21.30M$5.63M$2.02M$46.9K-----
Selling, general and admin$14.03M$3.79M$4.25M$3.54M$3.24M$639.8K$2.13M$4.99M$3.89M$1.58M
Operating income$1.35M$17.44M$1.33M-$1.56M-$3.25M-$3.93M-$2.12M-$2.23M$384.0K$2.02M
Interest expense$17.8K$75.3K$4.2K$8.5K$1.94M$1.61M$3$133--
Pre-tax income$1.57M$15.89M-$3.68M-$11.70M-$11.23M-$2.31M-$1.46M-$1.46M$758.9K$2.18M
Income tax$289.1K--$218.0K$8.1K-$27.4K-$633.6K$464.3K
Net income$1.28M$15.89M-$3.68M-$20.56M-$14.44M-$5.15M-$1.42M-$1.06M$193.1K$1.71M
EPS, basic$0.03$0.41-$0.11-$0.76-$0.79-$0.45-$0.12-$0.09$0.02$0.17
EPS, diluted$0.02$0.28-$0.11-$0.76-$0.79-$0.45-$0.12-$0.09$0.02$0.17
Diluted shares64.6M57.4M34.7M27.0M18.3M11.7M11.4M11.4M10.8M10.0M

Balance sheet

Balance sheet
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Cash and equivalents$3.94M$6.92M$4.88M$6.75M$5.29M$982.5K$15.9K$38.6K$3.94M$3.22M
Short-term investments$81.26M$13.78M$43.19M--$5.07M$5.59M$9.46M$4.74M-
Receivables-------$1.73M$1.61M$673.7K
Current assets$484.96M$246.48M$174.63M$55.92M$23.63M$15.53M$9.75M$11.85M$11.79M$4.05M
Total assets$485.57M$246.77M$174.72M$56.08M$24.34M$15.63M$9.96M$12.31M$13.02M$4.21M
Current liabilities$432.40M$210.19M$157.87M$47.44M$10.03M$7.07M$2.59M$2.93M$2.02M$1.19M
Total debt$460.8K$188.0K$35.7K$120.9K$385.0K$5.42M----
Total liabilities$432.58M$210.21M$157.87M$47.48M$10.14M$7.08M$2.59M$3.00M$2.02M$1.19M
Shareholders' equity$52.99M$36.56M$16.85M$8.60M$14.20M$8.55M$7.37M$9.32M$10.99M$3.02M

Cash flow

Cash flow
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Operating cash flow-$14.86M$72.0K-$11.60M-$1.14M-$4.79M-$3.10M-$1.44M$774.5K-$1.01M$2.68M
Capital expenditures-$47.3K$1.3K$3.2K------
Free cash flow-$24.7K-$11.60M-$1.14M------
Investing cash flow$208.4K-$23.3K$32.7K-$20.4K$348.1K$1.29M$739.3K-$4.81M-$6.27M$797.3K
Financing cash flow$11.79M$2.11M$9.73M$2.60M$8.99M$3.03M$258.3K$259.9K$7.90M-$171.4K
Share repurchases$18.3K-$82.1K-------
Stock-based compensation$3.28M-$753.7K$1.05M$1.47M-----
Depreciation and amortization-----$76.7K$86.4K$101.9K$19.9K$19.0K

Key ratios

Key ratios
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Revenue growth, YoY-16.7%165.9%194.5%164.1%854.9%1906.3%-99.6%-35.6%19.2%116.0%
Net income growth, YoY-91.9%--------88.7%162.5%
EPS growth, YoY-92.9%--------88.2%142.9%
Gross margin41.4%47.8%33.6%35.5%2.2%-----
Operating margin3.6%39.1%7.9%-27.3%-150.8%-1739.8%-18832.1%-81.0%9.0%56.1%
Net margin3.5%35.7%-21.9%-361.1%-669.9%-2279.9%-12613.7%-38.3%4.5%47.7%
Free cash flow margin-0.1%-69.2%-20.1%------
Return on equity2.4%43.5%-21.8%-239.1%-101.7%-60.2%-19.3%-11.3%1.8%56.7%
Return on assets0.3%6.4%-2.1%-36.7%-59.3%-32.9%-14.2%-8.6%1.5%40.7%
Current ratio1.121.171.111.182.362.203.764.045.833.40
Debt to equity0.010.010.000.010.030.63----

Source: XBRL data Metalpha Technology Holding Limited files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

MATH peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MATH$37.13M-16.7%$1.28M3.5%$48.0M
AXP$77.59B+10.2%$12.26B15.8%$215.24B
SPGI$17.21B+18.2%$4.99B29.0%$135.62B
MCO$8.18B+9.0%$2.88B35.3%$87.18B
NU$15.77B+37.0%$2.87B18.2%$58.39B
RKT$11.46B+90.4%$1.30B11.4%$42.74B
COIN$5.63B-26.6%-$701.62M-12.5%$35.68B
AFRM$4.59B+32.7%$2.01B43.9%$23.08B
SYF$19.31B+2.6%$3.33B17.3%$22.96B

MATH FAQ

8 questions
  • What is MATH revenue?
    Metalpha Technology Holding Limited (MATH) reported $37.13M of revenue for fiscal 2026 (ended Mar 31, 2026). That is down 16.7% from the year before.
  • Is MATH profitable?
    Yes. Metalpha Technology Holding Limited earned $1.28M in net income for fiscal 2026 (ended Mar 31, 2026), a net margin of 3.5%.
  • How much cash and debt does MATH have?
    Metalpha Technology Holding Limited reported $3.94M in cash and cash equivalents and $460.8K of debt on its most recent balance sheet in SEC filings.
  • How fast is MATH revenue growing?
    Metalpha Technology Holding Limited's revenue changed -16.7% in fiscal 2026, to $37.13M. Its compound annual growth rate was +177.5% over 5 years and +36.4% over 10 years.
  • What is MATH gross margin?
    Metalpha Technology Holding Limited's gross profit was $15.39M on $37.13M of revenue for fiscal 2026 (ended Mar 31, 2026), a gross margin of 41.4%.
  • What is MATH earnings per share?
    Diluted earnings per share were $0.02 for fiscal 2026 (ended Mar 31, 2026), from SEC filings, restated for any stock split those filings show.
  • When did MATH last report financial results?
    The latest statements here come from Metalpha Technology Holding Limited's 20-F filed on Aug 6, 2026, covering the period ended Mar 31, 2026.
  • Where does this MATH financial data come from?
    Quantisnow builds these statements from the structured XBRL data Metalpha Technology Holding Limited files with the SEC. It is provided for information only and is not investment advice.