Saturday 17 October 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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 |
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| 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.
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% |
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.
Mega Matrix Inc. (MPU) Latest News
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