Pricing Log in Create free account
Saturday 17 October 2026 Export MATH’s income statement to Excel — free account

Metalpha Technology Holding Limited

MATH Financial Capital Markets

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%
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) (negative: loss-making)
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% (at or above 10%: strong)
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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
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

Metalpha Technology Holding Limited vs peers in Capital Markets (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Metalpha Technology Holding Limited (MATH) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/MATH · Data as of Jan 3, 0001 · For information only; not investment advice. · © 2026 stockrow.com