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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $12.0M, roughly 1.2× Metalpha Technology Holding Ltd). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -24.0%, a 7.0% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
MATH vs SSII — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $14.5M |
| Net Profit | $-2.9M | $-2.5M |
| Gross Margin | 28.3% | 43.9% |
| Operating Margin | -24.2% | -3.7% |
| Net Margin | -24.0% | -17.0% |
| Revenue YoY | -39.0% | 79.1% |
| Net Profit YoY | -147.7% | -28.5% |
| EPS (diluted) | $-0.07 | $-0.01 |
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 | — | $14.5M | ||
| Q3 25 | $12.0M | $12.8M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | $24.8M | $5.1M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | $19.7M | $4.4M | ||
| Q2 24 | — | $4.5M | ||
| Q1 24 | — | $3.6M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $-2.9M | $-3.7M | ||
| Q2 25 | — | $-256.7K | ||
| Q1 25 | $9.8M | $-5.7M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | $6.0M | $-3.2M | ||
| Q2 24 | — | $-4.1M | ||
| Q1 24 | — | $-9.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | 28.3% | 48.1% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | 85.7% | 21.2% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | 49.5% | 52.8% | ||
| Q2 24 | — | 31.9% | ||
| Q1 24 | — | 20.0% |
| Q4 25 | — | -3.7% | ||
| Q3 25 | -24.2% | -14.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | 39.3% | -115.6% | ||
| Q4 24 | — | -22.7% | ||
| Q3 24 | 38.9% | -73.1% | ||
| Q2 24 | — | -90.9% | ||
| Q1 24 | — | -270.3% |
| Q4 25 | — | -17.0% | ||
| Q3 25 | -24.0% | -29.0% | ||
| Q2 25 | — | -2.6% | ||
| Q1 25 | 39.6% | -111.0% | ||
| Q4 24 | — | -23.7% | ||
| Q3 24 | 30.7% | -74.0% | ||
| Q2 24 | — | -91.8% | ||
| Q1 24 | — | -270.5% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $-0.07 | $-0.02 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | $0.25 | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $0.16 | $-0.02 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | $101.2K | — |
| Stockholders' EquityBook value | $35.1M | $38.2M |
| Total Assets | $413.8M | $74.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.2M | ||
| Q3 25 | $10.1M | $5.7M | ||
| Q2 25 | — | $11.4M | ||
| Q1 25 | $6.9M | $15.9M | ||
| Q4 24 | — | $466.5K | ||
| Q3 24 | $3.8M | $220.4K | ||
| Q2 24 | — | $608.2K | ||
| Q1 24 | — | $948.1K |
| Q4 25 | — | — | ||
| Q3 25 | $101.2K | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $188.0K | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $275.1K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $38.2M | ||
| Q3 25 | $35.1M | $39.6M | ||
| Q2 25 | — | $42.0M | ||
| Q1 25 | $36.6M | $40.6M | ||
| Q4 24 | — | $13.5M | ||
| Q3 24 | $25.3M | $13.7M | ||
| Q2 24 | — | $14.8M | ||
| Q1 24 | — | $16.7M |
| Q4 25 | — | $74.2M | ||
| Q3 25 | $413.8M | $69.6M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | $246.8M | $63.5M | ||
| Q4 24 | — | $42.4M | ||
| Q3 24 | $237.2M | $39.0M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | — | $35.2M |
| 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 | $3.3M | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -22.3% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $3.3M | $-7.5M | ||
| Q2 25 | — | $-3.5M | ||
| Q1 25 | $16.2M | $-6.1M | ||
| Q4 24 | — | $-3.3M | ||
| Q3 24 | $-16.1M | $-2.5M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-2.8M |
| Q4 25 | — | -22.3% | ||
| Q3 25 | — | -64.1% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | — | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | — | -69.5% | ||
| Q1 24 | — | -76.9% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 46.8% | ||
| Q1 24 | — | 3.5% |
| 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
Segment breakdown not available.
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
