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Side-by-side financial comparison of AYTU BIOPHARMA, INC (AYTU) and Metalpha Technology Holding Ltd (MATH). Click either name above to swap in a different company.

AYTU BIOPHARMA, INC is the larger business by last-quarter revenue ($15.2M vs $12.0M, roughly 1.3× Metalpha Technology Holding Ltd). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -69.8%, a 45.8% gap on every dollar of revenue. On growth, AYTU BIOPHARMA, INC posted the faster year-over-year revenue change (-6.5% vs -39.0%).

Aytu BioPharma, Inc. is a US-based specialty pharmaceutical company that develops and commercializes a portfolio of consumer healthcare products and prescription therapeutics. Its key offerings cover cold and allergy treatments, sexual health solutions, and therapies for rare pediatric conditions, serving patients and healthcare providers across the United States.

Metalpha Technology Holding Ltd is a global fintech firm specializing in digital asset wealth management, institutional-grade crypto investment services, and Web3 ecosystem infrastructure support. It serves professional investors, financial institutions, and high-net-worth clients across Asia, North America and Europe, with core segments including structured digital asset products, risk management solutions and DeFi technology development.

AYTU vs MATH — Head-to-Head

Bigger by revenue
AYTU
AYTU
1.3× larger
AYTU
$15.2M
$12.0M
MATH
Growing faster (revenue YoY)
AYTU
AYTU
+32.5% gap
AYTU
-6.5%
-39.0%
MATH
Higher net margin
MATH
MATH
45.8% more per $
MATH
-24.0%
-69.8%
AYTU

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
AYTU
AYTU
MATH
MATH
Revenue
$15.2M
$12.0M
Net Profit
$-10.6M
$-2.9M
Gross Margin
63.5%
28.3%
Operating Margin
-13.0%
-24.2%
Net Margin
-69.8%
-24.0%
Revenue YoY
-6.5%
-39.0%
Net Profit YoY
-1443.1%
-147.7%
EPS (diluted)
$-1.05
$-0.07

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
AYTU
AYTU
MATH
MATH
Q4 25
$15.2M
Q3 25
$13.9M
$12.0M
Q2 25
$15.1M
Q1 25
$18.5M
$24.8M
Q4 24
$16.2M
Q3 24
$16.6M
$19.7M
Q2 24
$14.6M
Q1 24
$14.0M
Net Profit
AYTU
AYTU
MATH
MATH
Q4 25
$-10.6M
Q3 25
$2.0M
$-2.9M
Q2 25
$-19.8M
Q1 25
$4.0M
$9.8M
Q4 24
$788.0K
Q3 24
$1.5M
$6.0M
Q2 24
$-4.6M
Q1 24
$-2.9M
Gross Margin
AYTU
AYTU
MATH
MATH
Q4 25
63.5%
Q3 25
66.1%
28.3%
Q2 25
67.8%
Q1 25
69.4%
85.7%
Q4 24
66.5%
Q3 24
72.3%
49.5%
Q2 24
75.7%
Q1 24
73.9%
Operating Margin
AYTU
AYTU
MATH
MATH
Q4 25
-13.0%
Q3 25
-10.8%
-24.2%
Q2 25
-50.4%
Q1 25
13.1%
39.3%
Q4 24
-10.4%
Q3 24
-5.6%
38.9%
Q2 24
-15.6%
Q1 24
-11.4%
Net Margin
AYTU
AYTU
MATH
MATH
Q4 25
-69.8%
Q3 25
14.1%
-24.0%
Q2 25
-130.9%
Q1 25
21.6%
39.6%
Q4 24
4.9%
Q3 24
8.9%
30.7%
Q2 24
-31.6%
Q1 24
-20.6%
EPS (diluted)
AYTU
AYTU
MATH
MATH
Q4 25
$-1.05
Q3 25
$-0.08
$-0.07
Q2 25
Q1 25
$0.21
$0.25
Q4 24
$-0.26
Q3 24
$-0.15
$0.16
Q2 24
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
AYTU
AYTU
MATH
MATH
Cash + ST InvestmentsLiquidity on hand
$30.0M
$10.1M
Total DebtLower is stronger
$10.0M
$101.2K
Stockholders' EquityBook value
$14.2M
$35.1M
Total Assets
$122.0M
$413.8M
Debt / EquityLower = less leverage
0.70×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYTU
AYTU
MATH
MATH
Q4 25
$30.0M
Q3 25
$32.6M
$10.1M
Q2 25
$31.0M
Q1 25
$18.2M
$6.9M
Q4 24
$20.4M
Q3 24
$20.1M
$3.8M
Q2 24
$20.0M
Q1 24
$19.8M
Total Debt
AYTU
AYTU
MATH
MATH
Q4 25
$10.0M
Q3 25
$10.4M
$101.2K
Q2 25
$10.9M
Q1 25
$9.5M
$188.0K
Q4 24
$10.0M
Q3 24
$10.4M
$275.1K
Q2 24
$10.9M
Q1 24
$0
Stockholders' Equity
AYTU
AYTU
MATH
MATH
Q4 25
$14.2M
Q3 25
$23.2M
$35.1M
Q2 25
$19.0M
Q1 25
$34.9M
$36.6M
Q4 24
$30.8M
Q3 24
$29.8M
$25.3M
Q2 24
$27.7M
Q1 24
$30.8M
Total Assets
AYTU
AYTU
MATH
MATH
Q4 25
$122.0M
Q3 25
$125.0M
$413.8M
Q2 25
$124.2M
Q1 25
$124.2M
$246.8M
Q4 24
$116.2M
Q3 24
$115.8M
$237.2M
Q2 24
$118.1M
Q1 24
$128.9M
Debt / Equity
AYTU
AYTU
MATH
MATH
Q4 25
0.70×
Q3 25
0.45×
0.00×
Q2 25
0.57×
Q1 25
0.27×
0.01×
Q4 24
0.32×
Q3 24
0.35×
0.01×
Q2 24
0.39×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
AYTU
AYTU
MATH
MATH
Operating Cash FlowLast quarter
$3.7M
$3.3M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYTU
AYTU
MATH
MATH
Q4 25
$3.7M
Q3 25
$-618.0K
$3.3M
Q2 25
$2.8M
Q1 25
$-6.5M
$16.2M
Q4 24
$2.9M
Q3 24
$-1.2M
$-16.1M
Q2 24
$-788.0K
Q1 24
$-254.0K
Free Cash Flow
AYTU
AYTU
MATH
MATH
Q4 25
$3.7M
Q3 25
Q2 25
Q1 25
$-6.5M
Q4 24
$2.9M
Q3 24
$-1.3M
Q2 24
Q1 24
FCF Margin
AYTU
AYTU
MATH
MATH
Q4 25
24.1%
Q3 25
Q2 25
Q1 25
-35.4%
Q4 24
17.9%
Q3 24
-8.0%
Q2 24
Q1 24
Capex Intensity
AYTU
AYTU
MATH
MATH
Q4 25
0.1%
Q3 25
0.0%
Q2 25
Q1 25
0.4%
Q4 24
0.0%
Q3 24
0.8%
Q2 24
Q1 24
0.0%
Cash Conversion
AYTU
AYTU
MATH
MATH
Q4 25
Q3 25
-0.31×
Q2 25
Q1 25
-1.62×
1.64×
Q4 24
3.69×
Q3 24
-0.81×
-2.66×
Q2 24
Q1 24

Financial Flow Comparison

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

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