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Side-by-side financial comparison of Massimo Group (MAMO) and Metalpha Technology Holding Ltd (MATH). Click either name above to swap in a different company.
Massimo Group is the larger business by last-quarter revenue ($21.0M vs $12.0M, roughly 1.7× Metalpha Technology Holding Ltd). Massimo Group runs the higher net margin — 9.5% vs -24.0%, a 33.5% gap on every dollar of revenue. On growth, Massimo Group posted the faster year-over-year revenue change (15.7% vs -39.0%).
Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.
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.
MAMO vs MATH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.0M | $12.0M |
| Net Profit | $2.0M | $-2.9M |
| Gross Margin | 41.5% | 28.3% |
| Operating Margin | 13.1% | -24.2% |
| Net Margin | 9.5% | -24.0% |
| Revenue YoY | 15.7% | -39.0% |
| Net Profit YoY | 215.0% | -147.7% |
| EPS (diluted) | $0.05 | $-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 | $21.0M | — | ||
| Q3 25 | $17.0M | $12.0M | ||
| Q2 25 | $18.9M | — | ||
| Q1 25 | $14.9M | $24.8M | ||
| Q4 24 | $18.2M | — | ||
| Q3 24 | $25.6M | $19.7M | ||
| Q2 24 | $35.4M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $2.0M | — | ||
| Q3 25 | $1.5M | $-2.9M | ||
| Q2 25 | $77.7K | — | ||
| Q1 25 | $-2.1M | $9.8M | ||
| Q4 24 | $-1.7M | — | ||
| Q3 24 | $-2.5M | $6.0M | ||
| Q2 24 | $2.8M | — | ||
| Q1 24 | $3.2M | — |
| Q4 25 | 41.5% | — | ||
| Q3 25 | 42.0% | 28.3% | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 28.4% | 85.7% | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 27.2% | 49.5% | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 34.7% | — |
| Q4 25 | 13.1% | — | ||
| Q3 25 | 10.5% | -24.2% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | -18.2% | 39.3% | ||
| Q4 24 | -15.4% | — | ||
| Q3 24 | 1.2% | 38.9% | ||
| Q2 24 | 10.1% | — | ||
| Q1 24 | 13.2% | — |
| Q4 25 | 9.5% | — | ||
| Q3 25 | 9.0% | -24.0% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | -14.0% | 39.6% | ||
| Q4 24 | -9.5% | — | ||
| Q3 24 | -9.8% | 30.7% | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 10.6% | — |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.04 | $-0.07 | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.05 | $0.25 | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.06 | $0.16 | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.8M | $10.1M |
| Total DebtLower is stronger | — | $101.2K |
| Stockholders' EquityBook value | $23.7M | $35.1M |
| Total Assets | $51.4M | $413.8M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | — | ||
| Q3 25 | $2.6M | $10.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.0M | $6.9M | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | — | $3.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $101.2K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $188.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $275.1K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.7M | — | ||
| Q3 25 | $21.7M | $35.1M | ||
| Q2 25 | $20.2M | — | ||
| Q1 25 | $19.9M | $36.6M | ||
| Q4 24 | $21.7M | — | ||
| Q3 24 | $22.5M | $25.3M | ||
| Q2 24 | $24.7M | — | ||
| Q1 24 | $18.1M | — |
| Q4 25 | $51.4M | — | ||
| Q3 25 | $44.4M | $413.8M | ||
| Q2 25 | $45.9M | — | ||
| Q1 25 | $46.4M | $246.8M | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $57.1M | $237.2M | ||
| Q2 24 | $49.9M | — | ||
| Q1 24 | $47.3M | — |
| 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 | $4.0M | $3.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0M | — | ||
| Q3 25 | $633.2K | $3.3M | ||
| Q2 25 | $-1.4M | — | ||
| Q1 25 | $-3.3M | $16.2M | ||
| Q4 24 | $9.1M | — | ||
| Q3 24 | $4.7M | $-16.1M | ||
| Q2 24 | $-6.5M | — | ||
| Q1 24 | $-637.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $9.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $-741.4K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 49.7% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | -19.0% | — | ||
| Q1 24 | -2.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 2.01× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | -17.92× | — | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.66× | ||
| Q2 24 | -2.30× | — | ||
| Q1 24 | -0.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
