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

Metalpha Technology Holding Ltd is the larger business by last-quarter revenue ($12.0M vs $11.1M, roughly 1.1× CAPRICOR THERAPEUTICS, INC.). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -63.9%, a 39.9% gap on every dollar of revenue. On growth, CAPRICOR THERAPEUTICS, INC. posted the faster year-over-year revenue change (-7.9% vs -39.0%).

Capricor Therapeutics is a clinical-stage biotechnology company focused on discovering, developing and commercializing innovative biological therapies including cell and gene therapies for rare diseases, cardiovascular disorders and muscular conditions. It primarily operates in the U.S. market, addressing unmet medical needs for patient groups with limited treatment options.

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.

CAPR vs MATH — Head-to-Head

Bigger by revenue
MATH
MATH
1.1× larger
MATH
$12.0M
$11.1M
CAPR
Growing faster (revenue YoY)
CAPR
CAPR
+31.1% gap
CAPR
-7.9%
-39.0%
MATH
Higher net margin
MATH
MATH
39.9% more per $
MATH
-24.0%
-63.9%
CAPR

Income Statement — Q4 FY2024 vs Q3 FY2025

Metric
CAPR
CAPR
MATH
MATH
Revenue
$11.1M
$12.0M
Net Profit
$-7.1M
$-2.9M
Gross Margin
28.3%
Operating Margin
-69.1%
-24.2%
Net Margin
-63.9%
-24.0%
Revenue YoY
-7.9%
-39.0%
Net Profit YoY
-833.8%
-147.7%
EPS (diluted)
$-0.11
$-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
CAPR
CAPR
MATH
MATH
Q3 25
$12.0M
Q1 25
$24.8M
Q4 24
$11.1M
Q3 24
$2.3M
$19.7M
Q2 24
$4.0M
Q1 24
$4.9M
Q4 23
$12.1M
Q3 23
$6.2M
Net Profit
CAPR
CAPR
MATH
MATH
Q3 25
$-2.9M
Q1 25
$9.8M
Q4 24
$-7.1M
Q3 24
$-12.6M
$6.0M
Q2 24
$-11.0M
Q1 24
$-9.8M
Q4 23
$-762.1K
Q3 23
$-6.4M
Gross Margin
CAPR
CAPR
MATH
MATH
Q3 25
28.3%
Q1 25
85.7%
Q4 24
Q3 24
49.5%
Q2 24
Q1 24
Q4 23
Q3 23
Operating Margin
CAPR
CAPR
MATH
MATH
Q3 25
-24.2%
Q1 25
39.3%
Q4 24
-69.1%
Q3 24
-575.2%
38.9%
Q2 24
-291.9%
Q1 24
-209.2%
Q4 23
-10.6%
Q3 23
-111.0%
Net Margin
CAPR
CAPR
MATH
MATH
Q3 25
-24.0%
Q1 25
39.6%
Q4 24
-63.9%
Q3 24
-555.2%
30.7%
Q2 24
-277.0%
Q1 24
-199.6%
Q4 23
-6.3%
Q3 23
-103.3%
EPS (diluted)
CAPR
CAPR
MATH
MATH
Q3 25
$-0.07
Q1 25
$0.25
Q4 24
$-0.11
Q3 24
$-0.38
$0.16
Q2 24
$-0.35
Q1 24
$-0.31
Q4 23
$0.02
Q3 23
$-0.25

Balance Sheet & Financial Strength

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

Metric
CAPR
CAPR
MATH
MATH
Cash + ST InvestmentsLiquidity on hand
$151.5M
$10.1M
Total DebtLower is stronger
$101.2K
Stockholders' EquityBook value
$145.5M
$35.1M
Total Assets
$170.5M
$413.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPR
CAPR
MATH
MATH
Q3 25
$10.1M
Q1 25
$6.9M
Q4 24
$151.5M
Q3 24
$85.0M
$3.8M
Q2 24
$29.5M
Q1 24
$39.9M
Q4 23
$39.5M
Q3 23
$28.5M
Total Debt
CAPR
CAPR
MATH
MATH
Q3 25
$101.2K
Q1 25
$188.0K
Q4 24
Q3 24
$275.1K
Q2 24
Q1 24
Q4 23
Q3 23
Stockholders' Equity
CAPR
CAPR
MATH
MATH
Q3 25
$35.1M
Q1 25
$36.6M
Q4 24
$145.5M
Q3 24
$68.3M
$25.3M
Q2 24
$11.5M
Q1 24
$18.4M
Q4 23
$22.6M
Q3 23
$-1.8M
Total Assets
CAPR
CAPR
MATH
MATH
Q3 25
$413.8M
Q1 25
$246.8M
Q4 24
$170.5M
Q3 24
$93.0M
$237.2M
Q2 24
$38.3M
Q1 24
$49.4M
Q4 23
$58.7M
Q3 23
$37.2M
Debt / Equity
CAPR
CAPR
MATH
MATH
Q3 25
0.00×
Q1 25
0.01×
Q4 24
Q3 24
0.01×
Q2 24
Q1 24
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
CAPR
CAPR
MATH
MATH
Operating Cash FlowLast quarter
$-14.8M
$3.3M
Free Cash FlowOCF − Capex
$-15.3M
FCF MarginFCF / Revenue
-137.3%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-41.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPR
CAPR
MATH
MATH
Q3 25
$3.3M
Q1 25
$16.2M
Q4 24
$-14.8M
Q3 24
$-11.6M
$-16.1M
Q2 24
$-12.3M
Q1 24
$-1.3M
Q4 23
$-11.6M
Q3 23
$-8.8M
Free Cash Flow
CAPR
CAPR
MATH
MATH
Q3 25
Q1 25
Q4 24
$-15.3M
Q3 24
$-11.7M
Q2 24
$-12.3M
Q1 24
$-1.9M
Q4 23
$-12.2M
Q3 23
$-9.1M
FCF Margin
CAPR
CAPR
MATH
MATH
Q3 25
Q1 25
Q4 24
-137.3%
Q3 24
-515.2%
Q2 24
-310.9%
Q1 24
-38.3%
Q4 23
-100.5%
Q3 23
-146.5%
Capex Intensity
CAPR
CAPR
MATH
MATH
Q3 25
Q1 25
Q4 24
4.4%
Q3 24
0.4%
Q2 24
1.5%
Q1 24
12.4%
Q4 23
4.6%
Q3 23
4.4%
Cash Conversion
CAPR
CAPR
MATH
MATH
Q3 25
Q1 25
1.64×
Q4 24
Q3 24
-2.66×
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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