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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and Senseonics Holdings, Inc. (SENS). Click either name above to swap in a different company.

Senseonics Holdings, Inc. is the larger business by last-quarter revenue ($14.3M vs $12.0M, roughly 1.2× Metalpha Technology Holding Ltd). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -146.1%, a 122.1% gap on every dollar of revenue. On growth, Senseonics Holdings, Inc. posted the faster year-over-year revenue change (71.8% 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.

Senseonics Holdings, Inc. is a medical technology company focused on developing and commercializing long-term implantable continuous glucose monitoring (CGM) systems for people living with diabetes. Its flagship Eversense product line offers extended wear duration, serving markets across North America, Europe and other global regions in the diabetes care segment.

MATH vs SENS — Head-to-Head

Bigger by revenue
SENS
SENS
1.2× larger
SENS
$14.3M
$12.0M
MATH
Growing faster (revenue YoY)
SENS
SENS
+110.9% gap
SENS
71.8%
-39.0%
MATH
Higher net margin
MATH
MATH
122.1% more per $
MATH
-24.0%
-146.1%
SENS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MATH
MATH
SENS
SENS
Revenue
$12.0M
$14.3M
Net Profit
$-2.9M
$-20.8M
Gross Margin
28.3%
53.8%
Operating Margin
-24.2%
-146.8%
Net Margin
-24.0%
-146.1%
Revenue YoY
-39.0%
71.8%
Net Profit YoY
-147.7%
-34.6%
EPS (diluted)
$-0.07
$-1.19

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
SENS
SENS
Q4 25
$14.3M
Q3 25
$12.0M
$8.1M
Q2 25
$6.6M
Q1 25
$24.8M
$6.3M
Q4 24
$8.3M
Q3 24
$19.7M
$4.3M
Q2 24
$4.9M
Q1 24
$5.0M
Net Profit
MATH
MATH
SENS
SENS
Q4 25
$-20.8M
Q3 25
$-2.9M
$-19.5M
Q2 25
$-14.5M
Q1 25
$9.8M
$-14.3M
Q4 24
$-15.5M
Q3 24
$6.0M
$-24.0M
Q2 24
$-20.3M
Q1 24
$-18.9M
Gross Margin
MATH
MATH
SENS
SENS
Q4 25
53.8%
Q3 25
28.3%
42.8%
Q2 25
46.9%
Q1 25
85.7%
24.1%
Q4 24
47.6%
Q3 24
49.5%
-95.0%
Q2 24
6.1%
Q1 24
6.6%
Operating Margin
MATH
MATH
SENS
SENS
Q4 25
-146.8%
Q3 25
-24.2%
-242.1%
Q2 25
-215.4%
Q1 25
39.3%
-215.6%
Q4 24
-172.0%
Q3 24
38.9%
-535.9%
Q2 24
-400.7%
Q1 24
-361.2%
Net Margin
MATH
MATH
SENS
SENS
Q4 25
-146.1%
Q3 25
-24.0%
-241.3%
Q2 25
-218.1%
Q1 25
39.6%
-227.9%
Q4 24
-186.5%
Q3 24
30.7%
-562.4%
Q2 24
-417.0%
Q1 24
-374.0%
EPS (diluted)
MATH
MATH
SENS
SENS
Q4 25
$-1.19
Q3 25
$-0.07
$-0.43
Q2 25
$-0.02
Q1 25
$0.25
$-0.02
Q4 24
$-1.67
Q3 24
$0.16
$-0.77
Q2 24
$-0.03
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
MATH
MATH
SENS
SENS
Cash + ST InvestmentsLiquidity on hand
$10.1M
$94.0M
Total DebtLower is stronger
$101.2K
$35.6M
Stockholders' EquityBook value
$35.1M
$61.0M
Total Assets
$413.8M
$126.3M
Debt / EquityLower = less leverage
0.00×
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATH
MATH
SENS
SENS
Q4 25
$94.0M
Q3 25
$10.1M
$111.0M
Q2 25
$126.4M
Q1 25
$6.9M
$64.2M
Q4 24
$74.6M
Q3 24
$3.8M
$74.5M
Q2 24
$84.6M
Q1 24
$98.7M
Total Debt
MATH
MATH
SENS
SENS
Q4 25
$35.6M
Q3 25
$101.2K
$35.3M
Q2 25
$35.2M
Q1 25
$188.0K
$35.0M
Q4 24
$34.7M
Q3 24
$275.1K
$34.4M
Q2 24
$34.2M
Q1 24
$34.0M
Stockholders' Equity
MATH
MATH
SENS
SENS
Q4 25
$61.0M
Q3 25
$35.1M
$78.2M
Q2 25
$94.7M
Q1 25
$36.6M
$35.2M
Q4 24
$-16.6M
Q3 24
$25.3M
$-17.2M
Q2 24
$578.0K
Q1 24
$19.0M
Total Assets
MATH
MATH
SENS
SENS
Q4 25
$126.3M
Q3 25
$413.8M
$139.9M
Q2 25
$150.3M
Q1 25
$246.8M
$87.2M
Q4 24
$100.4M
Q3 24
$237.2M
$96.3M
Q2 24
$111.6M
Q1 24
$126.5M
Debt / Equity
MATH
MATH
SENS
SENS
Q4 25
0.58×
Q3 25
0.00×
0.45×
Q2 25
0.37×
Q1 25
0.01×
0.99×
Q4 24
Q3 24
0.01×
Q2 24
59.17×
Q1 24
1.79×

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
SENS
SENS
Operating Cash FlowLast quarter
$3.3M
$-18.0M
Free Cash FlowOCF − Capex
$-18.4M
FCF MarginFCF / Revenue
-128.8%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-60.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATH
MATH
SENS
SENS
Q4 25
$-18.0M
Q3 25
$3.3M
$-15.8M
Q2 25
$-9.3M
Q1 25
$16.2M
$-16.1M
Q4 24
$-14.2M
Q3 24
$-16.1M
$-14.8M
Q2 24
$-11.1M
Q1 24
$-20.3M
Free Cash Flow
MATH
MATH
SENS
SENS
Q4 25
$-18.4M
Q3 25
$-16.0M
Q2 25
$-9.4M
Q1 25
$-16.5M
Q4 24
$-14.3M
Q3 24
$-15.0M
Q2 24
$-13.2M
Q1 24
$-20.6M
FCF Margin
MATH
MATH
SENS
SENS
Q4 25
-128.8%
Q3 25
-197.4%
Q2 25
-141.2%
Q1 25
-263.9%
Q4 24
-172.1%
Q3 24
-352.3%
Q2 24
-272.0%
Q1 24
-407.7%
Capex Intensity
MATH
MATH
SENS
SENS
Q4 25
2.8%
Q3 25
2.0%
Q2 25
1.9%
Q1 25
6.9%
Q4 24
0.4%
Q3 24
4.8%
Q2 24
43.0%
Q1 24
6.3%
Cash Conversion
MATH
MATH
SENS
SENS
Q4 25
Q3 25
Q2 25
Q1 25
1.64×
Q4 24
Q3 24
-2.66×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATH
MATH

Segment breakdown not available.

SENS
SENS

Nonrelated Party$7.8M55%
Related Party$6.4M45%

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