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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.
SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $12.0M, roughly 1.2× Metalpha Technology Holding Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs -24.0%, a 61.5% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% vs -39.0%).
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.
Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.
MATH vs SPCB — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $14.2M |
| Net Profit | $-2.9M | $5.3M |
| Gross Margin | 28.3% | 61.2% |
| Operating Margin | -24.2% | 16.3% |
| Net Margin | -24.0% | 37.5% |
| Revenue YoY | -39.0% | -1.5% |
| Net Profit YoY | -147.7% | 79.5% |
| EPS (diluted) | $-0.07 | $1.32 |
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.
| Q3 25 | $12.0M | — | ||
| Q2 25 | — | $14.2M | ||
| Q1 25 | $24.8M | — | ||
| Q3 24 | $19.7M | — | ||
| Q2 24 | — | $14.4M | ||
| Q2 23 | — | $14.1M | ||
| Q2 22 | — | $6.3M |
| Q3 25 | $-2.9M | — | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | $9.8M | — | ||
| Q3 24 | $6.0M | — | ||
| Q2 24 | — | $3.0M | ||
| Q2 23 | — | $-2.6M | ||
| Q2 22 | — | $-5.2M |
| Q3 25 | 28.3% | — | ||
| Q2 25 | — | 61.2% | ||
| Q1 25 | 85.7% | — | ||
| Q3 24 | 49.5% | — | ||
| Q2 24 | — | 52.3% | ||
| Q2 23 | — | 27.2% | ||
| Q2 22 | — | 41.8% |
| Q3 25 | -24.2% | — | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | 39.3% | — | ||
| Q3 24 | 38.9% | — | ||
| Q2 24 | — | 7.7% | ||
| Q2 23 | — | -12.2% | ||
| Q2 22 | — | -49.9% |
| Q3 25 | -24.0% | — | ||
| Q2 25 | — | 37.5% | ||
| Q1 25 | 39.6% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | — | 20.6% | ||
| Q2 23 | — | -18.3% | ||
| Q2 22 | — | -82.4% |
| Q3 25 | $-0.07 | — | ||
| Q2 25 | — | $1.32 | ||
| Q1 25 | $0.25 | — | ||
| Q3 24 | $0.16 | — | ||
| Q2 24 | — | $1.19 | ||
| Q2 23 | — | $-10.66 | ||
| Q2 22 | — | $-1.54 |
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 | $15.0M |
| Total DebtLower is stronger | $101.2K | $23.6M |
| Stockholders' EquityBook value | $35.1M | $37.3M |
| Total Assets | $413.8M | $65.5M |
| Debt / EquityLower = less leverage | 0.00× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $10.1M | — | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | $6.9M | — | ||
| Q3 24 | $3.8M | — | ||
| Q2 24 | — | $5.7M | ||
| Q2 23 | — | $1.1M | ||
| Q2 22 | — | $2.9M |
| Q3 25 | $101.2K | — | ||
| Q2 25 | — | $23.6M | ||
| Q1 25 | $188.0K | — | ||
| Q3 24 | $275.1K | — | ||
| Q2 24 | — | $29.2M | ||
| Q2 23 | — | $32.9M | ||
| Q2 22 | — | $32.3M |
| Q3 25 | $35.1M | — | ||
| Q2 25 | — | $37.3M | ||
| Q1 25 | $36.6M | — | ||
| Q3 24 | $25.3M | — | ||
| Q2 24 | — | $13.8M | ||
| Q2 23 | — | $3.5M | ||
| Q2 22 | — | $3.7M |
| Q3 25 | $413.8M | — | ||
| Q2 25 | — | $65.5M | ||
| Q1 25 | $246.8M | — | ||
| Q3 24 | $237.2M | — | ||
| Q2 24 | — | $49.6M | ||
| Q2 23 | — | $40.8M | ||
| Q2 22 | — | $42.7M |
| Q3 25 | 0.00× | — | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | 0.01× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | — | 2.11× | ||
| Q2 23 | — | 9.49× | ||
| Q2 22 | — | 8.68× |
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 | $3.3M | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-3.6M |
| FCF MarginFCF / Revenue | — | -25.3% |
| Capex IntensityCapex / Revenue | — | 10.0% |
| Cash ConversionOCF / Net Profit | — | -0.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-14.0M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $3.3M | — | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | $16.2M | — | ||
| Q3 24 | $-16.1M | — | ||
| Q2 24 | — | $-950.0K | ||
| Q2 23 | — | $-3.4M | ||
| Q2 22 | — | $-4.1M |
| Q3 25 | — | — | ||
| Q2 25 | — | $-3.6M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-1.6M | ||
| Q2 23 | — | $-4.5M | ||
| Q2 22 | — | $-4.4M |
| Q3 25 | — | — | ||
| Q2 25 | — | -25.3% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -10.8% | ||
| Q2 23 | — | -31.5% | ||
| Q2 22 | — | -70.4% |
| Q3 25 | — | — | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.2% | ||
| Q2 23 | — | 7.4% | ||
| Q2 22 | — | 4.4% |
| Q3 25 | — | — | ||
| Q2 25 | — | -0.41× | ||
| Q1 25 | 1.64× | — | ||
| Q3 24 | -2.66× | — | ||
| Q2 24 | — | -0.32× | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
