vs

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

SoFi Technologies, Inc. is the larger business by last-quarter revenue ($1.0B vs $12.0M, roughly 85.3× Metalpha Technology Holding Ltd). SoFi Technologies, Inc. runs the higher net margin — 16.9% vs -24.0%, a 40.9% gap on every dollar of revenue. On growth, SoFi Technologies, Inc. posted the faster year-over-year revenue change (39.6% 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.

SoFi Technologies, Inc. is an American financial technology company. Founded in 2011 by Stanford University students, it operates as a nationally chartered online bank and is a technology provider to other financial institutions. SoFi is the largest U.S. based online lender, and has 13.7 million customers as of 2025.

MATH vs SOFI — Head-to-Head

Bigger by revenue
SOFI
SOFI
85.3× larger
SOFI
$1.0B
$12.0M
MATH
Growing faster (revenue YoY)
SOFI
SOFI
+78.7% gap
SOFI
39.6%
-39.0%
MATH
Higher net margin
SOFI
SOFI
40.9% more per $
SOFI
16.9%
-24.0%
MATH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MATH
MATH
SOFI
SOFI
Revenue
$12.0M
$1.0B
Net Profit
$-2.9M
$173.5M
Gross Margin
28.3%
84.2%
Operating Margin
-24.2%
18.1%
Net Margin
-24.0%
16.9%
Revenue YoY
-39.0%
39.6%
Net Profit YoY
-147.7%
-47.8%
EPS (diluted)
$-0.07
$0.14

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
SOFI
SOFI
Q4 25
$1.0B
Q3 25
$12.0M
$961.6M
Q2 25
$854.9M
Q1 25
$24.8M
$771.8M
Q4 24
$734.1M
Q3 24
$19.7M
$697.1M
Q2 24
$598.6M
Q1 24
$645.0M
Net Profit
MATH
MATH
SOFI
SOFI
Q4 25
$173.5M
Q3 25
$-2.9M
$139.4M
Q2 25
$97.3M
Q1 25
$9.8M
$71.1M
Q4 24
$332.5M
Q3 24
$6.0M
$60.7M
Q2 24
$17.4M
Q1 24
$88.0M
Gross Margin
MATH
MATH
SOFI
SOFI
Q4 25
84.2%
Q3 25
28.3%
83.2%
Q2 25
82.4%
Q1 25
85.7%
82.4%
Q4 24
82.5%
Q3 24
49.5%
82.3%
Q2 24
81.7%
Q1 24
84.5%
Operating Margin
MATH
MATH
SOFI
SOFI
Q4 25
18.1%
Q3 25
-24.2%
15.4%
Q2 25
13.1%
Q1 25
39.3%
10.3%
Q4 24
8.2%
Q3 24
38.9%
9.2%
Q2 24
2.6%
Q1 24
14.6%
Net Margin
MATH
MATH
SOFI
SOFI
Q4 25
16.9%
Q3 25
-24.0%
14.5%
Q2 25
11.4%
Q1 25
39.6%
9.2%
Q4 24
45.3%
Q3 24
30.7%
8.7%
Q2 24
2.9%
Q1 24
13.7%
EPS (diluted)
MATH
MATH
SOFI
SOFI
Q4 25
$0.14
Q3 25
$-0.07
$0.11
Q2 25
$0.08
Q1 25
$0.25
$0.06
Q4 24
$0.31
Q3 24
$0.16
$0.05
Q2 24
$0.01
Q1 24
$0.02

Balance Sheet & Financial Strength

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

Metric
MATH
MATH
SOFI
SOFI
Cash + ST InvestmentsLiquidity on hand
$10.1M
$4.9B
Total DebtLower is stronger
$101.2K
Stockholders' EquityBook value
$35.1M
$10.5B
Total Assets
$413.8M
$50.7B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATH
MATH
SOFI
SOFI
Q4 25
$4.9B
Q3 25
$10.1M
$3.2B
Q2 25
$2.1B
Q1 25
$6.9M
$2.1B
Q4 24
$2.5B
Q3 24
$3.8M
$2.4B
Q2 24
$2.3B
Q1 24
$3.7B
Total Debt
MATH
MATH
SOFI
SOFI
Q4 25
Q3 25
$101.2K
Q2 25
Q1 25
$188.0K
Q4 24
Q3 24
$275.1K
Q2 24
Q1 24
Stockholders' Equity
MATH
MATH
SOFI
SOFI
Q4 25
$10.5B
Q3 25
$35.1M
$8.8B
Q2 25
$6.9B
Q1 25
$36.6M
$6.7B
Q4 24
$6.5B
Q3 24
$25.3M
$6.1B
Q2 24
$5.9B
Q1 24
$5.8B
Total Assets
MATH
MATH
SOFI
SOFI
Q4 25
$50.7B
Q3 25
$413.8M
$45.3B
Q2 25
$41.1B
Q1 25
$246.8M
$37.7B
Q4 24
$36.3B
Q3 24
$237.2M
$34.4B
Q2 24
$32.6B
Q1 24
$31.3B
Debt / Equity
MATH
MATH
SOFI
SOFI
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
MATH
MATH
SOFI
SOFI
Operating Cash FlowLast quarter
$3.3M
$-3.7B
Free Cash FlowOCF − Capex
$-4.0B
FCF MarginFCF / Revenue
-388.8%
Capex IntensityCapex / Revenue
23.7%
Cash ConversionOCF / Net Profit
-21.56×
TTM Free Cash FlowTrailing 4 quarters
$-6.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATH
MATH
SOFI
SOFI
Q4 25
$-3.7B
Q3 25
$3.3M
$-1.3B
Q2 25
$-1.5B
Q1 25
$16.2M
$21.5M
Q4 24
$-1.1B
Q3 24
$-16.1M
$-1.2B
Q2 24
$-484.4M
Q1 24
$738.2M
Free Cash Flow
MATH
MATH
SOFI
SOFI
Q4 25
$-4.0B
Q3 25
$-1.4B
Q2 25
$-1.5B
Q1 25
$-31.1M
Q4 24
$-1.3B
Q3 24
$-1.2B
Q2 24
$-521.1M
Q1 24
$706.3M
FCF Margin
MATH
MATH
SOFI
SOFI
Q4 25
-388.8%
Q3 25
-142.0%
Q2 25
-179.0%
Q1 25
-4.0%
Q4 24
-173.5%
Q3 24
-174.6%
Q2 24
-87.0%
Q1 24
109.5%
Capex Intensity
MATH
MATH
SOFI
SOFI
Q4 25
23.7%
Q3 25
6.2%
Q2 25
7.4%
Q1 25
6.8%
Q4 24
21.0%
Q3 24
6.2%
Q2 24
6.1%
Q1 24
5.0%
Cash Conversion
MATH
MATH
SOFI
SOFI
Q4 25
-21.56×
Q3 25
-9.37×
Q2 25
-15.08×
Q1 25
1.64×
0.30×
Q4 24
-3.37×
Q3 24
-2.66×
-19.32×
Q2 24
-27.83×
Q1 24
8.39×

Financial Flow Comparison

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

Related Comparisons