Mega Matrix Inc.

MPU Communication Services Entertainment

Mega Matrix Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.1 million, down 27.9% from fiscal 2024. In the quarter to December 2025, revenue fell 49.2%, EPS fell 850.8% and free cash flow fell 206.2%, each against the same quarter a year earlier.

2.48 0.04 −1.59%
Market cap
$8.6M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
3/9
Altman Z
−5.88
Beneish M
−7.20
Dividend safety
n/a

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 8.62
Revenue 26.11
Net Income (34.30)
Free Cash Flow (11.35)
Net Debt (7.30)
Current Ratio 4.06 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E —
P/S ratio 0.22
P/B ratio 0.31
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

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

Valuation vs history

P/S against its own 10 years 71.07%
10-year low 10-year high
P/B against its own 10 years 87.89%
10-year low 10-year high
EV/FCF against its own 10 years 32.13%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2021 0.13
0.13
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2022 2023 2024 2025
Cash 7 3 9 7
Receivables 1 — 0 1
Inventory — — — —
Other 3 8 2 7
13 12 15 18
2022 2023 2024 2025
Payables 0 0 1 1
ST’ Debt — — — —
Other — 0 4 4
0 0 5 4

Compound Annual Growth %

10y 5y 3y
Sales (3.82%) 10.07% 287.52%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (7.93%) 0.00% 37.43%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 8 7 6 5 26
’24 9 7 10 10 36
’23 0 0 0 0 0
’22 0 0 — 0 0
’21 3 1 2 1 6
’20 5 4 3 3 16
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 (2) (2) (3) (2) (10)
’24 0 8 (3) (1) 4
’23 0 (1) (1) (1) (3)
’22 (2) (1) (1) (1) (6)
’21 0 1 (3) 0 (2)
’20 (1) 0 7 (2) 4
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 (2) (3) (4) (2) (11)
’24 (1) 8 (3) (1) 4
’23 0 (1) (4) (1) (6)
’22 (2) (1) (1) (1) (6)
’22 — — — — (6)
’21 11 2 (3) (1) 9
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 (1.43) (0.84) (4.26) (8.48) (15.00)
’24 (1.00) (2.00) (1.61) (0.89) (4.60)
’23 (0.82) (1.00) (1.00) 0.60 (2.60)
’22 (0.40) (1.54) (2.01) (3.80) (7.40)
’21 (14.00) (8.28) 24.91 10.63 13.27
’20 (26.32) (34.96) (10.56) (37.44) (109.32)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 1.70 1.80 1.67 0.61 0.14 0.55 0.91 0.55 0.77 0.49

Analyst estimates 2026–2028

Powerpack
High 2.98 3.22 3.47 2.58 7.61 13.34 12.76 1.95 4.48 4.44
People
People Employees — — — — — — — 11 16 23
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.26 1.14
Income, $m
Income, $m Revenue 29 36 27 44 16 6 0 0 36 26
Gross margin, % 88.56 91.78 97.65 98.05 98.13 100.00 (74.45) (488.08) 58.09 55.14
EBT 2 3 (9) (21) (46) 15 (9) (5) (11) (34)
EBT margin, % 6.87 9.65 (33.39) (48.55) (283.53) 240.37 (2,083.62) (9,609.00) (29.79) (131.37)
Net income 1 7 (8) (17) (42) 15 (9) (5) (11) (34)
Depreciation 9 12 13 12 7 1 6 — 5 5
Per share, $
Per share, $ Revenue 73.31 98.11 74.85 112.80 41.80 5.53 0.39 0.03 19.04 11.42
Earnings 3.12 20.40 (22.32) (43.12) (109.32) 13.27 (7.40) (2.60) (4.60) (15.00)
Cash flow 28.96 40.21 49.52 21.14 10.29 (2.22) (5.09) (1.92) 2.17 (4.33)
Capex (122.58) (52.78) (17.14) 43.49 44.29 10.00 (0.04) (2.01) 0.00 (0.63)
Free cash flow (93.62) (12.58) 32.38 64.63 54.57 7.78 (5.13) (3.93) 2.17 (4.97)
Book value 108.50 130.70 113.96 60.18 (45.58) 10.70 6.06 6.64 7.43 7.90
Shares, m 0 0 0 0 0 1 1 2 2 2
Valuation, ×
Valuation, × P/E 0.64 0.15 0.00 0.00 0.00 0.90 0.00 0.00 0.00 0.00
P/S 0.03 0.03 0.03 0.01 0.05 2.16 2.06 32.54 0.07 0.08
P/B 0.02 0.02 0.02 0.02 0.00 1.12 0.29 0.22 0.19 0.12
EV/Sales (0.05) (0.21) (0.04) (0.07) (0.10) 0.95 (5.28) (12.62) (0.17) (0.20)
EV/FCF 0.04 1.66 (0.08) (0.12) (0.07) 0.60 1.12 0.15 (1.32) 0.51
Cash, $m
Cash, $m Operating cash flow 11 15 18 8 4 (2) (6) (3) 4 (10)
Capex (48) (19) (6) 17 17 11 0 (3) — (1)
Free cash flow (37) (5) 12 25 21 9 (6) (6) 4 (11)
Balance, $m
Balance, $m Working capital (104) (112) (111) (101) (87) 6 12 11 10 13
Total debt 126 145 131 0 88 — — — — —
Net debt (2) (9) (2) (3) (2) (7) (7) (3) (9) (7)
Shareholders’ equity 43 47 41 23 (18) 12 7 10 14 18
Returns, %
Returns, % ROA 0.61 3.25 (3.56) (9.08) (34.77) 27.49 (61.57) (31.40) (54.16) (163.75)
ROIC 14.54 19.68 9.39 75.80 0.00 321.86 0.00 (45.26) (138.83) (167.88)
ROE 2.92 16.47 (18.23) (51.62) (1,497.39) (513.11) (90.18) (46.83) (72.49) (213.15)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Dec 2025 · fundamentals updated 2 Oct 2026

Charts ten years each

Mega Matrix Inc. vs peers in Entertainment (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
ANGH Anghami Inc. $29.6M — (loss-making) — (loss-making) — n/m −43.30% (below 0%: shrinking) 14.46% 0.00% Compare
NIPG NIP Group Inc. Sponsored ADR $24.3M — — — — — — — Compare
MMVVF MultiMetaVerse Holdings Limited $17.8M — (loss-making) — — n/m −12,816.50% (below 0%: shrinking) — 0.00% Compare
MPU Mega Matrix Inc. $8.6M — (loss-making) — −49.20% (below 0%: shrinking) n/m −206.16% (below 0%: shrinking) 58.35% (294.65%)
CPOP Pop Culture Group Co., Ltd. $5.8M — (loss-making) 40.1× −37.64% (below 0%: shrinking) −1,011.11% (below 0%: shrinking) −33.18% (below 0%: shrinking) (17.72%) 0.00% Compare
KUKEY Kuke Music Holding Limited Sponsored ADR $5.8M 0.0× — (loss-making) −68.09% (below 0%: shrinking) +155.13% (above 0%: growing) −98.11% (below 0%: shrinking) 99.79% 68.89% Compare
FTRKF FAST TRACK GROUP $3.5M — — — — −179,477.46% (below 0%: shrinking) 40.11% (10.89%) Compare
CSSEQ Chicken Soup for the Soul Entertainment, Inc. $3.4M — (loss-making) — (loss-making) −75.00% (below 0%: shrinking) n/m +92.70% (above 0%: growing) (3.62%) (99.91%) Compare
KUST Kustom Entertainment Inc. $2.7M — (loss-making) — (loss-making) +88.22% (above 0%: growing) n/m −232.03% (below 0%: shrinking) (21.87%) (53.03%) Compare
Median of peers $5.8M — — −52.86% — −98.11% 5.42% 0.00%

All 53 Entertainment stocks →

Mega Matrix Inc. (MPU) key facts

  • Concern: Mega Matrix Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.1 million, down 27.9% from fiscal 2024.
  • Mega Matrix Inc. (MPU) is an Entertainment company in the Communication Services sector, listed on NYSE American.
  • As of October 16, 2026, MPU traded at $2.48, a market capitalization of $8.6 million.
  • Return on equity was −213.2% and debt-to-equity 0.00.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −5.88 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.

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stockrow.com/MPU · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com