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Side-by-side financial comparison of Monte Rosa Therapeutics, Inc. (GLUE) and Metalpha Technology Holding Ltd (MATH). Click either name above to swap in a different company.

Monte Rosa Therapeutics, Inc. is the larger business by last-quarter revenue ($12.8M vs $12.0M, roughly 1.1× Metalpha Technology Holding Ltd). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -212.1%, a 188.1% gap on every dollar of revenue. On growth, Monte Rosa Therapeutics, Inc. posted the faster year-over-year revenue change (38.5% vs -39.0%).

Monte Rosa Therapeutics is a clinical-stage biotechnology company specializing in the discovery and development of targeted molecular glue degrader therapies. Its pipeline addresses unmet medical needs across oncology, rare genetic disorders and immunological diseases, with operations focused on advancing novel treatments for global patient populations.

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.

GLUE vs MATH — Head-to-Head

Bigger by revenue
GLUE
GLUE
1.1× larger
GLUE
$12.8M
$12.0M
MATH
Growing faster (revenue YoY)
GLUE
GLUE
+77.6% gap
GLUE
38.5%
-39.0%
MATH
Higher net margin
MATH
MATH
188.1% more per $
MATH
-24.0%
-212.1%
GLUE

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
GLUE
GLUE
MATH
MATH
Revenue
$12.8M
$12.0M
Net Profit
$-27.1M
$-2.9M
Gross Margin
28.3%
Operating Margin
-258.3%
-24.2%
Net Margin
-212.1%
-24.0%
Revenue YoY
38.5%
-39.0%
Net Profit YoY
-13.5%
-147.7%
EPS (diluted)
$-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
GLUE
GLUE
MATH
MATH
Q3 25
$12.8M
$12.0M
Q2 25
$23.2M
Q1 25
$84.9M
$24.8M
Q4 24
$60.6M
Q3 24
$19.7M
Q4 23
$0
Q3 23
$0
Q2 23
$0
Net Profit
GLUE
GLUE
MATH
MATH
Q3 25
$-27.1M
$-2.9M
Q2 25
$-12.3M
Q1 25
$46.9M
$9.8M
Q4 24
$13.4M
Q3 24
$6.0M
Q4 23
$-33.3M
Q3 23
$-34.9M
Q2 23
$-35.2M
Gross Margin
GLUE
GLUE
MATH
MATH
Q3 25
28.3%
Q2 25
Q1 25
85.7%
Q4 24
Q3 24
49.5%
Q4 23
Q3 23
Q2 23
Operating Margin
GLUE
GLUE
MATH
MATH
Q3 25
-258.3%
-24.2%
Q2 25
-67.1%
Q1 25
51.9%
39.3%
Q4 24
21.4%
Q3 24
38.9%
Q4 23
Q3 23
Q2 23
Net Margin
GLUE
GLUE
MATH
MATH
Q3 25
-212.1%
-24.0%
Q2 25
-53.0%
Q1 25
55.2%
39.6%
Q4 24
22.2%
Q3 24
30.7%
Q4 23
Q3 23
Q2 23
EPS (diluted)
GLUE
GLUE
MATH
MATH
Q3 25
$-0.07
Q2 25
Q1 25
$0.25
Q4 24
Q3 24
$0.16
Q4 23
Q3 23
Q2 23

Balance Sheet & Financial Strength

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

Metric
GLUE
GLUE
MATH
MATH
Cash + ST InvestmentsLiquidity on hand
$208.3M
$10.1M
Total DebtLower is stronger
$101.2K
Stockholders' EquityBook value
$245.8M
$35.1M
Total Assets
$459.8M
$413.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLUE
GLUE
MATH
MATH
Q3 25
$208.3M
$10.1M
Q2 25
$69.4M
Q1 25
$78.5M
$6.9M
Q4 24
$224.3M
Q3 24
$3.8M
Q4 23
$128.1M
Q3 23
$59.1M
Q2 23
$47.0M
Total Debt
GLUE
GLUE
MATH
MATH
Q3 25
$101.2K
Q2 25
Q1 25
$188.0K
Q4 24
Q3 24
$275.1K
Q4 23
Q3 23
Q2 23
Stockholders' Equity
GLUE
GLUE
MATH
MATH
Q3 25
$245.8M
$35.1M
Q2 25
$268.1M
Q1 25
$275.2M
$36.6M
Q4 24
$222.9M
Q3 24
$25.3M
Q4 23
$179.3M
Q3 23
$184.5M
Q2 23
$213.7M
Total Assets
GLUE
GLUE
MATH
MATH
Q3 25
$459.8M
$413.8M
Q2 25
$359.6M
Q1 25
$393.2M
$246.8M
Q4 24
$438.7M
Q3 24
$237.2M
Q4 23
$303.8M
Q3 23
$252.1M
Q2 23
$278.6M
Debt / Equity
GLUE
GLUE
MATH
MATH
Q3 25
0.00×
Q2 25
Q1 25
0.01×
Q4 24
Q3 24
0.01×
Q4 23
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
GLUE
GLUE
MATH
MATH
Operating Cash FlowLast quarter
$100.4M
$3.3M
Free Cash FlowOCF − Capex
$99.8M
FCF MarginFCF / Revenue
781.5%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLUE
GLUE
MATH
MATH
Q3 25
$100.4M
$3.3M
Q2 25
$-34.7M
Q1 25
$-45.5M
$16.2M
Q4 24
$128.9M
Q3 24
$-16.1M
Q4 23
$29.6M
Q3 23
$-24.7M
Q2 23
$-25.3M
Free Cash Flow
GLUE
GLUE
MATH
MATH
Q3 25
$99.8M
Q2 25
$-36.4M
Q1 25
$-47.1M
Q4 24
$128.7M
Q3 24
Q4 23
$27.9M
Q3 23
$-26.4M
Q2 23
$-31.8M
FCF Margin
GLUE
GLUE
MATH
MATH
Q3 25
781.5%
Q2 25
-157.0%
Q1 25
-55.4%
Q4 24
212.3%
Q3 24
Q4 23
Q3 23
Q2 23
Capex Intensity
GLUE
GLUE
MATH
MATH
Q3 25
5.1%
Q2 25
7.3%
Q1 25
1.9%
Q4 24
0.3%
Q3 24
Q4 23
Q3 23
Q2 23
Cash Conversion
GLUE
GLUE
MATH
MATH
Q3 25
Q2 25
Q1 25
-0.97×
1.64×
Q4 24
9.59×
Q3 24
-2.66×
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

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

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