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Metalpha Technology Holding Limited

Metalpha Technology Holding Limited’s revenue for fiscal 2026 (year ended March 2026) was $37.1 million, down 16.7% from fiscal 2025.

1.05 0.03 −2.78%

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Market cap: $50.6M
P/E: 0.0×
Fwd P/E: −3.7×
Dividend yield: —
F-score: 1/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 50.64

Revenue 1.89

Net Income 20.94

Free Cash Flow (26.90)

Net Debt (464.96)

Current Ratio 1.12

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (3.69)

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 1,935.40%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	56	175	242	465
Receivables	0	0	5	20
Inventory	—	—	—	—
Other	—	—	—	—
	56	175	246	485

	2023	2024	2025	2026
Payables	1	12	7	14
ST’ Debt	—	—	—	—
Other	—	—	—	2
	47	158	210	432

Compound Annual Growth %

	10y	5y	3y
Sales	36.43%	177.49%	86.85%
Cash Flow	0.00%	0.00%	0.00%
Earnings	6.99%	0.00%	0.00%
Book Value	43.28%	44.02%	83.36%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	37
’25	—	—	—	—	45
’24	—	—	—	—	17
’23	—	—	—	—	6
’22	—	—	—	—	0
’21	—	—	—	—	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	(15)
’25	—	—	—	—	0
’24	—	—	—	—	(12)
’23	—	—	—	—	(1)
’22	—	—	—	—	(5)
’21	—	—	—	—	(3)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	(15)	—	3	—	(15)
’25	0	—	(15)	—	0
’24	(12)	—	2	—	(12)
’23	(1)	—	(2)	—	(1)
’22	(5)	—	(5,145)	—	(5)
’21	(3)	—	(1)	—	(3)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	0.02
’25	—	—	—	—	0.28
’24	—	—	—	—	(0.11)
’23	—	—	—	—	(0.75)
’22	—	—	—	—	(0.79)
’21	—	—	—	—	(0.44)

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	3.70	1.12	0.78	0.85	1.00	0.43	0.43	0.80	1.05	0.73	Analyst estimates 2027–2029 Powerpack
	High	14.99	6.99	2.38	4.94	3.88	1.61	2.27	2.20	4.17	2.55
People
People	Employees	26	43	40	21	43	49	43	19	25	31
	Revenue/emp, $m	0.14	0.10	0.07	0.00	0.01	0.00	0.13	0.88	1.78	1.20
Income, $m
Income, $m	Revenue	4	4	3	0	0	0	6	17	45	37
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	38.22	35.50	33.57	47.80	41.45
	EBT	2	1	(1)	(1)	(5)	(11)	(12)	(4)	16	2
	EBT margin, %	60.67	17.74	(52.95)	(12,889.38)	(2,308.68)	(9,149.63)	(205.57)	(21.95)	35.66	4.23
	Net income	2	0	(1)	(1)	(5)	(11)	(12)	(4)	16	2
	Depreciation	0	0	0	0	0	0	0	0	0	0
Per share, $
Per share, $	Revenue	0.36	0.40	0.24	0.00	0.02	0.01	0.21	0.48	1.16	0.87
	Earnings	0.17	0.02	(0.09)	(0.12)	(0.44)	(0.79)	(0.75)	(0.11)	0.41	0.03
	Cash flow	0.27	(0.09)	0.07	(0.07)	(0.27)	(0.26)	(0.04)	(0.33)	0.00	(0.35)
	Capex	0.00	(0.13)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	0.27	(0.23)	0.07	(0.07)	(0.27)	(0.26)	(0.04)	(0.33)	0.00	(0.35)
	Book value	0.30	1.02	0.82	0.65	0.73	0.78	0.32	0.49	0.95	1.24
	Shares, m	10	11	11	11	12	18	27	35	39	43
Valuation, ×
Valuation, ×	P/E	75.94	18.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	0.00	0.00	0.00	(1.99)	12.86	(12.49)	(27.33)	(90.25)	(125.90)	(244.01)
	EV/FCF	0.00	17.18	3.93	3.44	(0.66)	0.00	0.01	13.26	9.38	17.13
Cash, $m
Cash, $m	Operating cash flow	3	(1)	1	(1)	(3)	(5)	(1)	(12)	0	(15)
	Capex	0	(1)	0	0	0	0	0	0	0	—
	Free cash flow	3	(2)	1	(1)	(3)	(5)	(1)	(12)	0	(15)
Balance, $m
Balance, $m	Working capital	3	10	9	7	8	14	8	17	36	53
	Total debt	—	—	0	0	4	0	0	—	0	0
	Net debt	(3)	(9)	(9)	(6)	3	(14)	(56)	(175)	(242)	(465)
	Shareholders’ equity	3	11	9	7	9	14	9	17	37	53
Returns, %
Returns, %	ROA	55.08	2.24	(8.34)	(12.72)	(40.22)	(72.25)	(51.13)	(3.19)	7.54	0.35
	ROIC	0.00	10.38	0.00	(72.28)	(21.16)	(999.76)	0.00	0.00	0.00	0.00
	ROE	76.60	2.76	(10.40)	(16.98)	(64.64)	(126.93)	(180.34)	(28.92)	59.52	2.87

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jan 0001

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SRL Scully Royalty Ltd.	$72.3M	— (loss-making)	— (loss-making)	−47.57% (below 0%: shrinking)	n/m	+1,200.58% (above 0%: growing)	0.00%	0.00%	Compare
BTCS BTCS Inc.	$63.2M	— (loss-making)	65.0×	−11.87% (below 0%: shrinking)	n/m	+104.59% (above 0%: growing)	61.08%	(1,361.27%)	Compare
NCTY The9 Limited	$51.1M	1.6×	—	−90.91% (below 0%: shrinking)	n/m	−72.45% (below 0%: shrinking)	44.80%	(1,883.71%)	Compare
MATH Metalpha Technology Holding Limited	$50.6M	— (loss-making)	— (loss-making)	+162.83% (above 0%: growing)	−83.33% (below 0%: shrinking)	−28.12% (below 0%: shrinking)	11.31%	0.00%
DOMH Dominari Holdings Inc.	$49.5M	— (loss-making)	— (loss-making)	−56.86% (below 0%: shrinking)	n/m	−2,705.10% (below 0%: shrinking)	100.00%	(6.80%)	Compare
MEGL Magic Empire Global Limited	$49.5M	—	—	—	—	—	—	—	Compare
STEX Streamex Corp.	$47.5M	— (loss-making)	— (loss-making)	+1,116.67% (above 0%: growing)	n/m	−818.54% (below 0%: shrinking)	100.00%	(10,384.25%)	Compare
VIP Vulcan Infrastructure and Power Inc	$47.0M	14.4×	— (loss-making)	−73.68% (below 0%: shrinking)	n/m	+32.03% (above 0%: growing)	(141.33%)	(284.79%)	Compare
HGBL Heritage Global Inc.	$43.3M	— (loss-making)	9.3×	−14.25% (below 0%: shrinking)	n/m	−18.14% (below 0%: shrinking)	68.01%	(170.49%)	Compare
Median of peers	$49.5M	—	—	−47.57%	—	−18.14%	61.08%	(284.79%)

All 93 Capital Markets stocks →

Metalpha Technology Holding Limited (MATH) key facts

Concern: Metalpha Technology Holding Limited’s revenue for fiscal 2026 (year ended March 2026) was $37.1 million, down 16.7% from fiscal 2025.
Concern: Net income was $1.6 million, or $0.03 per share (basic), a net margin of 3.46%.
Metalpha Technology Holding Limited (MATH) is a Capital Markets company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, MATH traded at $1.05, a market capitalization of $50.6 million.
Return on equity was 2.87% and debt-to-equity 0.00.
Its Piotroski F-score is 1 out of 9 for fiscal 2026.