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Side-by-side financial comparison of Identiv, Inc. (INVE) 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 $6.2M, roughly 1.9× Identiv, Inc.). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -60.3%, a 36.3% gap on every dollar of revenue. On growth, Identiv, Inc. posted the faster year-over-year revenue change (-7.9% vs -39.0%).
Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.
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.
INVE vs MATH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.2M | $12.0M |
| Net Profit | $-3.7M | $-2.9M |
| Gross Margin | 18.1% | 28.3% |
| Operating Margin | -76.4% | -24.2% |
| Net Margin | -60.3% | -24.0% |
| Revenue YoY | -7.9% | -39.0% |
| Net Profit YoY | -948.2% | -147.7% |
| EPS (diluted) | $-0.17 | $-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 | $6.2M | — | ||
| Q3 25 | $5.0M | $12.0M | ||
| Q2 25 | $5.0M | — | ||
| Q1 25 | $5.3M | $24.8M | ||
| Q4 24 | $6.7M | — | ||
| Q3 24 | $6.5M | $19.7M | ||
| Q2 24 | $6.7M | — | ||
| Q1 24 | $6.7M | — |
| Q4 25 | $-3.7M | — | ||
| Q3 25 | $-3.5M | $-2.9M | ||
| Q2 25 | $-6.0M | — | ||
| Q1 25 | $-4.8M | $9.8M | ||
| Q4 24 | $-355.0K | — | ||
| Q3 24 | $85.9M | $6.0M | ||
| Q2 24 | $-6.2M | — | ||
| Q1 24 | $-4.6M | — |
| Q4 25 | 18.1% | — | ||
| Q3 25 | 10.7% | 28.3% | ||
| Q2 25 | -9.4% | — | ||
| Q1 25 | 2.5% | 85.7% | ||
| Q4 24 | -14.9% | — | ||
| Q3 24 | 3.6% | 49.5% | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 7.3% | — |
| Q4 25 | -76.4% | — | ||
| Q3 25 | -111.4% | -24.2% | ||
| Q2 25 | -126.7% | — | ||
| Q1 25 | -103.8% | 39.3% | ||
| Q4 24 | -98.9% | — | ||
| Q3 24 | -146.2% | 38.9% | ||
| Q2 24 | -99.7% | — | ||
| Q1 24 | -76.0% | — |
| Q4 25 | -60.3% | — | ||
| Q3 25 | -68.9% | -24.0% | ||
| Q2 25 | -119.9% | — | ||
| Q1 25 | -90.9% | 39.6% | ||
| Q4 24 | -5.3% | — | ||
| Q3 24 | 1315.8% | 30.7% | ||
| Q2 24 | -92.2% | — | ||
| Q1 24 | -68.5% | — |
| Q4 25 | $-0.17 | — | ||
| Q3 25 | $-0.15 | $-0.07 | ||
| Q2 25 | $-0.26 | — | ||
| Q1 25 | $-0.21 | $0.25 | ||
| Q4 24 | $0.00 | — | ||
| Q3 24 | $3.62 | $0.16 | ||
| Q2 24 | $-0.27 | — | ||
| Q1 24 | $-0.21 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.6M | $10.1M |
| Total DebtLower is stronger | — | $101.2K |
| Stockholders' EquityBook value | $140.7M | $35.1M |
| Total Assets | $151.3M | $413.8M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.6M | — | ||
| Q3 25 | $126.3M | $10.1M | ||
| Q2 25 | $129.3M | — | ||
| Q1 25 | $132.4M | $6.9M | ||
| Q4 24 | $135.6M | — | ||
| Q3 24 | $145.4M | $3.8M | ||
| Q2 24 | $18.4M | — | ||
| Q1 24 | $21.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $101.2K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $188.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $275.1K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $140.7M | — | ||
| Q3 25 | $143.7M | $35.1M | ||
| Q2 25 | $146.4M | — | ||
| Q1 25 | $150.5M | $36.6M | ||
| Q4 24 | $154.1M | — | ||
| Q3 24 | $156.7M | $25.3M | ||
| Q2 24 | $65.1M | — | ||
| Q1 24 | $70.2M | — |
| Q4 25 | $151.3M | — | ||
| Q3 25 | $151.0M | $413.8M | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $158.7M | $246.8M | ||
| Q4 24 | $163.2M | — | ||
| Q3 24 | $177.0M | $237.2M | ||
| Q2 24 | $97.8M | — | ||
| Q1 24 | $101.8M | — |
| 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 | $3.0M | $3.3M |
| Free Cash FlowOCF − Capex | $2.8M | — |
| FCF MarginFCF / Revenue | 45.8% | — |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | — | ||
| Q3 25 | $-2.9M | $3.3M | ||
| Q2 25 | $-3.6M | — | ||
| Q1 25 | $-3.3M | $16.2M | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-7.2M | $-16.1M | ||
| Q2 24 | $-993.0K | — | ||
| Q1 24 | $-1.3M | — |
| Q4 25 | $2.8M | — | ||
| Q3 25 | $-3.2M | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-3.6M | — | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-7.7M | — | ||
| Q2 24 | $-1.1M | — | ||
| Q1 24 | $-1.5M | — |
| Q4 25 | 45.8% | — | ||
| Q3 25 | -64.5% | — | ||
| Q2 25 | -75.8% | — | ||
| Q1 25 | -68.0% | — | ||
| Q4 24 | -97.7% | — | ||
| Q3 24 | -118.2% | — | ||
| Q2 24 | -16.7% | — | ||
| Q1 24 | -23.0% | — |
| Q4 25 | 3.3% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.08× | -2.66× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVE
| Other | $3.4M | 55% |
| Europe And Middle East | $2.2M | 36% |
| Asia Pacific | $575.0K | 9% |
MATH
Segment breakdown not available.
