Metalpha Technology Holding Ltd
MATH Nasdaq· Finance Services
Last close · Oct 27, 2026
$0.97
KIRA · Stoqly’s AI analyst, in plain words
- Metalpha Technology Holding Ltd had $37.1M of revenue in fiscal 2026, down 16.7% on the year before. Over five years, revenue changed +177.5% a year on average.
- Its operating margin was 3.6%, down 35.5 pts: of every 100 in sales, about 4 is left after running the business.
- Metalpha Technology Holding Ltd made $1.3M of net profit in fiscal 2026.
- Metalpha Technology Holding Ltd returned $0.0M to shareholders in fiscal 2026. The diluted share count rose 12.5%.
- Metalpha Technology Holding Ltd has $3.5M more cash than debt.
Market cap
$62.7M
P/E
48.5x
Revenue
$37.1M
Net income
$1.3M
Free cash flow
—
Operating margin
3.6%
Metalpha Technology Holding Ltd in 30 seconds · fiscal 2026
Are sales growing?
−16.7%
No. Sales fell 16.7% last year.
Does it make a profit?
3.5%
A little. It keeps 3.5% of every sale as profit.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
1 / 9
Weak. It passes 1 of 9 health tests.
How is the share priced?
48.5x
One share costs 48.5 times its yearly profit per share.
What Metalpha Technology Holding Ltd does
No business description yet.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F · Aug 6, 2026
- Legal name
- Metalpha Technology Holding Ltd
- CIK
- 0001682241
Metalpha Technology Holding Ltd · MATH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.2M | $5.7M | $16.8M | $44.6M | $37.1M |
| Revenue growth | 855.1% | 164.1% | 194.5% | 165.9% | −16.7% |
| Gross margin | 2.2% | 35.5% | 33.6% | 47.8% | 41.4% |
| Operating margin | −150.8% | −27.3% | 7.9% | 39.1% | 3.6% |
| Net income | −$14.4M | −$20.6M | −$3.7M | $15.9M | $1.3M |
| Net margin | −669.9% | −361.1% | −21.9% | 35.7% | 3.5% |
| Diluted EPS | −$0.79 | −$0.76 | −$0.11 | $0.28 | $0.02 |
| Cash | |||||
| Cash from operations | −$4.8M | −$1.1M | −$11.6M | $0.1M | −$14.9M |
| Capital expenditure | — | $0.0M | $0.0M | $0.0M | — |
| Free cash flow | — | −$1.1M | −$11.6M | $0.0M | — |
| FCF margin | — | −20.1% | −69.2% | 0.1% | — |
| Share buybacks | — | — | $0.1M | — | $0.0M |
| Share count change | 57.1% | 47.5% | 28.6% | 65.5% | 12.5% |
| Debt and strength | |||||
| Cash and short-term investments | $5.3M | $6.7M | $4.9M | $6.9M | $3.9M |
| Debt incl. finance leases | $0.4M | $0.1M | $0.0M | $0.2M | $0.5M |
| Loans, net | — | — | $65.7M | $53.8M | $242M |
| Shareholders' equity | $12.8M | −$0.2M | −$0.3M | $36.6M | $53.0M |
| Net debt / EBITDA | — | — | −3.6x | −0.4x | −2.6x |
| Current ratio | 2.4x | 1.2x | 1.1x | 1.2x | 1.1x |
| Interest coverage | −1.7x | −183.0x | 317.0x | 231.6x | 76.0x |
| Returns and quality | |||||
| Return on capital | −32.5% | — | — | 46.2% | 2.2% |
| Return on equity | −131.5% | −327.7% | — | 87.6% | 2.9% |
| Return on tangible equity | −331.7% | — | — | — | — |
| Piotroski F-score | 4 | 5 | 2 | 6 | 1 |
| Altman Z'' | 1.4 | −1.5 | −0.1 | 1.3 | 0.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Metalpha Technology Holding Ltd · MATH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.97 a share, the company is worth $62.7M: 48.5 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001682241). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.