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Side-by-side financial comparison of JFB Construction Holdings (JFB) and Metalpha Technology Holding Ltd (MATH). Click either name above to swap in a different company.
JFB Construction Holdings is the larger business by last-quarter revenue ($16.0M vs $12.0M, roughly 1.3× Metalpha Technology Holding Ltd). JFB Construction Holdings runs the higher net margin — -11.7% vs -24.0%, a 12.3% gap on every dollar of revenue.
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.
JFB vs MATH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.0M | $12.0M |
| Net Profit | $-1.9M | $-2.9M |
| Gross Margin | 4.3% | 28.3% |
| Operating Margin | -12.7% | -24.2% |
| Net Margin | -11.7% | -24.0% |
| Revenue YoY | — | -39.0% |
| Net Profit YoY | — | -147.7% |
| EPS (diluted) | $0.06 | $-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 | $16.0M | — | ||
| Q3 25 | $5.0M | $12.0M | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $5.9M | $24.8M | ||
| Q3 24 | — | $19.7M |
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $-1.1M | $-2.9M | ||
| Q2 25 | $-2.4M | — | ||
| Q1 25 | $30.3K | $9.8M | ||
| Q3 24 | — | $6.0M |
| Q4 25 | 4.3% | — | ||
| Q3 25 | 14.9% | 28.3% | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 24.8% | 85.7% | ||
| Q3 24 | — | 49.5% |
| Q4 25 | -12.7% | — | ||
| Q3 25 | -22.6% | -24.2% | ||
| Q2 25 | -67.2% | — | ||
| Q1 25 | -0.5% | 39.3% | ||
| Q3 24 | — | 38.9% |
| Q4 25 | -11.7% | — | ||
| Q3 25 | -21.3% | -24.0% | ||
| Q2 25 | -64.3% | — | ||
| Q1 25 | 0.5% | 39.6% | ||
| Q3 24 | — | 30.7% |
| Q4 25 | $0.06 | — | ||
| Q3 25 | $-0.11 | $-0.07 | ||
| Q2 25 | $-0.26 | — | ||
| Q1 25 | $0.00 | $0.25 | ||
| Q3 24 | — | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.1M |
| Total DebtLower is stronger | — | $101.2K |
| Stockholders' EquityBook value | $37.8M | $35.1M |
| Total Assets | $40.0M | $413.8M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $10.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $6.9M | ||
| Q3 24 | — | $3.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $101.2K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $188.0K | ||
| Q3 24 | — | $275.1K |
| Q4 25 | $37.8M | — | ||
| Q3 25 | $11.6M | $35.1M | ||
| Q2 25 | $10.1M | — | ||
| Q1 25 | $11.0M | $36.6M | ||
| Q3 24 | — | $25.3M |
| Q4 25 | $40.0M | — | ||
| Q3 25 | $14.0M | $413.8M | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $13.3M | $246.8M | ||
| Q3 24 | — | $237.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.01× | ||
| Q3 24 | — | 0.01× |
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 | $-9.0M | $3.3M |
| Free Cash FlowOCF − Capex | $-9.1M | — |
| FCF MarginFCF / Revenue | -57.2% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.0M | — | ||
| Q3 25 | $-719.0K | $3.3M | ||
| Q2 25 | $-2.5M | — | ||
| Q1 25 | $392.8K | $16.2M | ||
| Q3 24 | — | $-16.1M |
| Q4 25 | $-9.1M | — | ||
| Q3 25 | $-730.9K | — | ||
| Q2 25 | $-2.5M | — | ||
| Q1 25 | $347.0K | — | ||
| Q3 24 | — | — |
| Q4 25 | -57.2% | — | ||
| Q3 25 | -14.7% | — | ||
| Q2 25 | -68.0% | — | ||
| Q1 25 | 5.9% | — | ||
| Q3 24 | — | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.8% | — | ||
| Q3 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.96× | 1.64× | ||
| Q3 24 | — | -2.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JFB
| Nonrelated Party | $12.5M | 78% |
| Other | $3.5M | 22% |
MATH
Segment breakdown not available.
