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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and Prelude Therapeutics Inc (PRLD). 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 $6.5M, roughly 1.8× Prelude Therapeutics Inc). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -303.5%, a 279.5% gap on every dollar of revenue. On growth, Prelude Therapeutics Inc posted the faster year-over-year revenue change (116.7% vs -39.0%).

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.

MATH vs PRLD — Head-to-Head

Bigger by revenue
MATH
MATH
1.8× larger
MATH
$12.0M
$6.5M
PRLD
Growing faster (revenue YoY)
PRLD
PRLD
+155.7% gap
PRLD
116.7%
-39.0%
MATH
Higher net margin
MATH
MATH
279.5% more per $
MATH
-24.0%
-303.5%
PRLD

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
MATH
MATH
PRLD
PRLD
Revenue
$12.0M
$6.5M
Net Profit
$-2.9M
$-19.7M
Gross Margin
28.3%
Operating Margin
-24.2%
-314.1%
Net Margin
-24.0%
-303.5%
Revenue YoY
-39.0%
116.7%
Net Profit YoY
-147.7%
38.9%
EPS (diluted)
$-0.07
$-0.26

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
MATH
MATH
PRLD
PRLD
Q3 25
$12.0M
$6.5M
Q1 25
$24.8M
Q3 24
$19.7M
$3.0M
Net Profit
MATH
MATH
PRLD
PRLD
Q3 25
$-2.9M
$-19.7M
Q1 25
$9.8M
Q3 24
$6.0M
$-32.3M
Gross Margin
MATH
MATH
PRLD
PRLD
Q3 25
28.3%
Q1 25
85.7%
Q3 24
49.5%
Operating Margin
MATH
MATH
PRLD
PRLD
Q3 25
-24.2%
-314.1%
Q1 25
39.3%
Q3 24
38.9%
-1145.9%
Net Margin
MATH
MATH
PRLD
PRLD
Q3 25
-24.0%
-303.5%
Q1 25
39.6%
Q3 24
30.7%
-1075.7%
EPS (diluted)
MATH
MATH
PRLD
PRLD
Q3 25
$-0.07
$-0.26
Q1 25
$0.25
Q3 24
$0.16
$-0.43

Balance Sheet & Financial Strength

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

Metric
MATH
MATH
PRLD
PRLD
Cash + ST InvestmentsLiquidity on hand
$10.1M
$55.0M
Total DebtLower is stronger
$101.2K
Stockholders' EquityBook value
$35.1M
$58.5M
Total Assets
$413.8M
$94.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATH
MATH
PRLD
PRLD
Q3 25
$10.1M
$55.0M
Q1 25
$6.9M
Q3 24
$3.8M
$153.6M
Total Debt
MATH
MATH
PRLD
PRLD
Q3 25
$101.2K
Q1 25
$188.0K
Q3 24
$275.1K
Stockholders' Equity
MATH
MATH
PRLD
PRLD
Q3 25
$35.1M
$58.5M
Q1 25
$36.6M
Q3 24
$25.3M
$156.4M
Total Assets
MATH
MATH
PRLD
PRLD
Q3 25
$413.8M
$94.8M
Q1 25
$246.8M
Q3 24
$237.2M
$197.2M
Debt / Equity
MATH
MATH
PRLD
PRLD
Q3 25
0.00×
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
MATH
MATH
PRLD
PRLD
Operating Cash FlowLast quarter
$3.3M
$-19.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATH
MATH
PRLD
PRLD
Q3 25
$3.3M
$-19.1M
Q1 25
$16.2M
Q3 24
$-16.1M
$-27.3M
Free Cash Flow
MATH
MATH
PRLD
PRLD
Q3 25
Q1 25
Q3 24
$-27.4M
FCF Margin
MATH
MATH
PRLD
PRLD
Q3 25
Q1 25
Q3 24
-912.0%
Capex Intensity
MATH
MATH
PRLD
PRLD
Q3 25
0.0%
Q1 25
Q3 24
2.1%
Cash Conversion
MATH
MATH
PRLD
PRLD
Q3 25
Q1 25
1.64×
Q3 24
-2.66×

Financial Flow Comparison

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

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