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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and Golden Matrix Group, Inc. (GMGI). Click either name above to swap in a different company.

Amalgamated Financial Corp. is the larger business by last-quarter revenue ($85.2M vs $49.6M, roughly 1.7× Golden Matrix Group, Inc.). On growth, Amalgamated Financial Corp. posted the faster year-over-year revenue change (9.4% vs -15.8%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $6.4M). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.

AMAL vs GMGI — Head-to-Head

Bigger by revenue
AMAL
AMAL
1.7× larger
AMAL
$85.2M
$49.6M
GMGI
Growing faster (revenue YoY)
AMAL
AMAL
+25.2% gap
AMAL
9.4%
-15.8%
GMGI
More free cash flow
AMAL
AMAL
$128.0M more FCF
AMAL
$134.4M
$6.4M
GMGI
Faster 2-yr revenue CAGR
GMGI
GMGI
Annualised
GMGI
104.6%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
GMGI
GMGI
Revenue
$85.2M
$49.6M
Net Profit
$-88.7M
Gross Margin
57.5%
Operating Margin
39.0%
-188.3%
Net Margin
-179.0%
Revenue YoY
9.4%
-15.8%
Net Profit YoY
-4880.1%
EPS (diluted)
$0.88
$-7.73

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMAL
AMAL
GMGI
GMGI
Q4 25
$85.2M
$49.6M
Q3 25
$85.6M
$47.3M
Q2 25
$80.9M
$43.2M
Q1 25
$77.0M
$42.7M
Q4 24
$77.9M
$58.9M
Q3 24
$81.0M
$41.0M
Q2 24
$78.5M
$39.4M
Q1 24
$78.3M
$11.8M
Net Profit
AMAL
AMAL
GMGI
GMGI
Q4 25
$-88.7M
Q3 25
$26.8M
$566.0K
Q2 25
$26.0M
$-3.6M
Q1 25
$25.0M
$-231.6K
Q4 24
$1.9M
Q3 24
$27.9M
$-3.4M
Q2 24
$26.8M
$64.9K
Q1 24
$27.2M
$74.5K
Gross Margin
AMAL
AMAL
GMGI
GMGI
Q4 25
57.5%
Q3 25
55.8%
Q2 25
56.4%
Q1 25
56.6%
Q4 24
69.8%
Q3 24
54.7%
Q2 24
55.0%
Q1 24
28.5%
Operating Margin
AMAL
AMAL
GMGI
GMGI
Q4 25
39.0%
-188.3%
Q3 25
42.9%
-0.8%
Q2 25
43.8%
-5.3%
Q1 25
45.1%
-0.2%
Q4 24
42.4%
5.6%
Q3 24
47.2%
-2.4%
Q2 24
45.6%
0.3%
Q1 24
49.2%
2.4%
Net Margin
AMAL
AMAL
GMGI
GMGI
Q4 25
-179.0%
Q3 25
31.3%
1.2%
Q2 25
32.1%
-8.3%
Q1 25
32.5%
-0.5%
Q4 24
3.2%
Q3 24
34.5%
-8.3%
Q2 24
34.1%
0.2%
Q1 24
34.8%
0.6%
EPS (diluted)
AMAL
AMAL
GMGI
GMGI
Q4 25
$0.88
$-7.73
Q3 25
$0.88
$0.00
Q2 25
$0.84
$-0.03
Q1 25
$0.81
$0.00
Q4 24
$0.78
$-0.13
Q3 24
$0.90
$-0.03
Q2 24
$0.87
$0.00
Q1 24
$0.89
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMAL
AMAL
GMGI
GMGI
Cash + ST InvestmentsLiquidity on hand
$291.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$46.5M
Total Assets
$8.9B
$118.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
GMGI
GMGI
Q4 25
$291.2M
Q3 25
$115.5M
Q2 25
$171.1M
Q1 25
$65.7M
Q4 24
$60.7M
Q3 24
$149.2M
Q2 24
$58.0M
Q1 24
$155.2M
Stockholders' Equity
AMAL
AMAL
GMGI
GMGI
Q4 25
$794.5M
$46.5M
Q3 25
$775.6M
$123.5M
Q2 25
$754.0M
$121.3M
Q1 25
$736.0M
$108.5M
Q4 24
$707.7M
$105.1M
Q3 24
$698.2M
$94.3M
Q2 24
$646.0M
$90.4M
Q1 24
$616.8M
$32.1M
Total Assets
AMAL
AMAL
GMGI
GMGI
Q4 25
$8.9B
$118.1M
Q3 25
$8.7B
$209.8M
Q2 25
$8.6B
$210.3M
Q1 25
$8.3B
$214.0M
Q4 24
$8.3B
$213.7M
Q3 24
$8.4B
$213.5M
Q2 24
$8.3B
$191.5M
Q1 24
$8.1B
$37.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMAL
AMAL
GMGI
GMGI
Operating Cash FlowLast quarter
$135.8M
$8.2M
Free Cash FlowOCF − Capex
$134.4M
$6.4M
FCF MarginFCF / Revenue
157.8%
13.0%
Capex IntensityCapex / Revenue
1.6%
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$19.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
GMGI
GMGI
Q4 25
$135.8M
$8.2M
Q3 25
$39.5M
$7.0M
Q2 25
$24.9M
$2.4M
Q1 25
$34.2M
$7.7M
Q4 24
$124.1M
Q3 24
$35.8M
$4.8M
Q2 24
$28.0M
Q1 24
$31.3M
$8.2K
Free Cash Flow
AMAL
AMAL
GMGI
GMGI
Q4 25
$134.4M
$6.4M
Q3 25
$38.3M
$6.2M
Q2 25
$24.2M
$-89.4K
Q1 25
$32.5M
$6.6M
Q4 24
$122.3M
Q3 24
$35.2M
$2.3M
Q2 24
$27.8M
Q1 24
$31.1M
$6.7K
FCF Margin
AMAL
AMAL
GMGI
GMGI
Q4 25
157.8%
13.0%
Q3 25
44.7%
13.1%
Q2 25
29.9%
-0.2%
Q1 25
42.2%
15.5%
Q4 24
157.0%
Q3 24
43.4%
5.6%
Q2 24
35.4%
Q1 24
39.7%
0.1%
Capex Intensity
AMAL
AMAL
GMGI
GMGI
Q4 25
1.6%
3.6%
Q3 25
1.4%
1.8%
Q2 25
0.9%
5.7%
Q1 25
2.3%
2.6%
Q4 24
2.3%
Q3 24
0.7%
6.0%
Q2 24
0.3%
Q1 24
0.3%
0.0%
Cash Conversion
AMAL
AMAL
GMGI
GMGI
Q4 25
Q3 25
1.47×
12.42×
Q2 25
0.96×
Q1 25
1.37×
Q4 24
Q3 24
1.28×
Q2 24
1.05×
Q1 24
1.15×
0.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

GMGI
GMGI

R Kings And CFAC$43.8M88%
Other$5.8M12%

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