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Side-by-side financial comparison of Intellicheck, Inc. (IDN) 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 $6.6M, roughly 1.8× Intellicheck, Inc.). Intellicheck, Inc. runs the higher net margin — 23.4% vs -24.0%, a 47.4% gap on every dollar of revenue. On growth, Intellicheck, Inc. posted the faster year-over-year revenue change (11.8% vs -39.0%).
Intellicheck, Inc. is a US-based technology company specializing in identity verification and fraud prevention solutions. It develops AI-powered tools to validate government-issued identification documents, streamline customer onboarding, and mitigate identity theft risks for clients across finance, retail, healthcare and public sector segments.
Metalpha Technology Holding LtdMATHEarnings & Financial Report
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.
IDN vs MATH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $12.0M |
| Net Profit | $1.6M | $-2.9M |
| Gross Margin | 91.4% | 28.3% |
| Operating Margin | 22.5% | -24.2% |
| Net Margin | 23.4% | -24.0% |
| Revenue YoY | 11.8% | -39.0% |
| Net Profit YoY | 218.0% | -147.7% |
| EPS (diluted) | $0.08 | $-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.
| Q4 25 | $6.6M | — | ||
| Q3 25 | $6.0M | $12.0M | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $4.9M | $24.8M | ||
| Q4 24 | $5.9M | — | ||
| Q3 24 | $4.7M | $19.7M | ||
| Q2 24 | $4.7M | — | ||
| Q1 24 | $4.7M | — |
| Q4 25 | $1.6M | — | ||
| Q3 25 | $290.0K | $-2.9M | ||
| Q2 25 | $-251.0K | — | ||
| Q1 25 | $-318.0K | $9.8M | ||
| Q4 24 | $488.0K | — | ||
| Q3 24 | $-837.0K | $6.0M | ||
| Q2 24 | $-127.0K | — | ||
| Q1 24 | $-442.0K | — |
| Q4 25 | 91.4% | — | ||
| Q3 25 | 90.5% | 28.3% | ||
| Q2 25 | 89.8% | — | ||
| Q1 25 | 89.7% | 85.7% | ||
| Q4 24 | 91.1% | — | ||
| Q3 24 | 91.0% | 49.5% | ||
| Q2 24 | 90.5% | — | ||
| Q1 24 | 90.7% | — |
| Q4 25 | 22.5% | — | ||
| Q3 25 | 4.0% | -24.2% | ||
| Q2 25 | -5.8% | — | ||
| Q1 25 | -7.1% | 39.3% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | -19.3% | 38.9% | ||
| Q2 24 | -4.6% | — | ||
| Q1 24 | -11.2% | — |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 4.8% | -24.0% | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | -6.5% | 39.6% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | -17.8% | 30.7% | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -9.4% | — |
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.01 | $-0.07 | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $-0.02 | $0.25 | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.04 | $0.16 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.02 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.7M | $10.1M |
| Total DebtLower is stronger | — | $101.2K |
| Stockholders' EquityBook value | $20.7M | $35.1M |
| Total Assets | $24.5M | $413.8M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.7M | — | ||
| Q3 25 | $7.2M | $10.1M | ||
| Q2 25 | $8.6M | — | ||
| Q1 25 | $5.1M | $6.9M | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $5.7M | $3.8M | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $9.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $101.2K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $188.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $275.1K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $20.7M | — | ||
| Q3 25 | $18.9M | $35.1M | ||
| Q2 25 | $18.0M | — | ||
| Q1 25 | $17.6M | $36.6M | ||
| Q4 24 | $17.7M | — | ||
| Q3 24 | $16.7M | $25.3M | ||
| Q2 24 | $17.3M | — | ||
| Q1 24 | $17.2M | — |
| Q4 25 | $24.5M | — | ||
| Q3 25 | $25.3M | $413.8M | ||
| Q2 25 | $23.1M | — | ||
| Q1 25 | $24.6M | $246.8M | ||
| Q4 24 | $20.9M | — | ||
| Q3 24 | $20.7M | $237.2M | ||
| Q2 24 | $21.9M | — | ||
| Q1 24 | $22.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.4M | $3.3M |
| Free Cash FlowOCF − Capex | $2.4M | — |
| FCF MarginFCF / Revenue | 36.0% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | — | ||
| Q3 25 | $-1.7M | $3.3M | ||
| Q2 25 | $3.1M | — | ||
| Q1 25 | $750.0K | $16.2M | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-1.1M | $-16.1M | ||
| Q2 24 | $-1.2M | — | ||
| Q1 24 | $869.0K | — |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $3.1M | — | ||
| Q1 25 | $741.0K | — | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-1.2M | — | ||
| Q1 24 | $860.0K | — |
| Q4 25 | 36.0% | — | ||
| Q3 25 | -29.2% | — | ||
| Q2 25 | 60.9% | — | ||
| Q1 25 | 15.1% | — | ||
| Q4 24 | -22.4% | — | ||
| Q3 24 | -23.1% | — | ||
| Q2 24 | -25.5% | — | ||
| Q1 24 | 18.4% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 1.54× | — | ||
| Q3 25 | -5.99× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | -2.71× | — | ||
| Q3 24 | — | -2.66× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
