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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and STAK Inc. (STAK). Click either name above to swap in a different company.
STAK Inc. is the larger business by last-quarter revenue ($13.6M vs $12.0M, roughly 1.1× Metalpha Technology Holding Ltd). STAK Inc. runs the higher net margin — 11.9% vs -24.0%, a 35.9% gap on every dollar of revenue.
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.
MATH vs STAK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $13.6M |
| Net Profit | $-2.9M | $1.6M |
| Gross Margin | 28.3% | 28.5% |
| Operating Margin | -24.2% | 13.6% |
| Net Margin | -24.0% | 11.9% |
| Revenue YoY | -39.0% | — |
| Net Profit YoY | -147.7% | — |
| EPS (diluted) | $-0.07 | — |
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 | — | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | — | $13.6M | ||
| Q3 24 | $19.7M | — |
| Q3 25 | $-2.9M | — | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | $6.0M | — |
| Q3 25 | 28.3% | — | ||
| Q1 25 | 85.7% | — | ||
| Q4 24 | — | 28.5% | ||
| Q3 24 | 49.5% | — |
| Q3 25 | -24.2% | — | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 38.9% | — |
| Q3 25 | -24.0% | — | ||
| Q1 25 | 39.6% | — | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | 30.7% | — |
| Q3 25 | $-0.07 | — | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.16 | — |
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 | $658.2K |
| Total DebtLower is stronger | $101.2K | — |
| Stockholders' EquityBook value | $35.1M | $10.6M |
| Total Assets | $413.8M | $18.8M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $10.1M | — | ||
| Q1 25 | $6.9M | — | ||
| Q4 24 | — | $658.2K | ||
| Q3 24 | $3.8M | — |
| Q3 25 | $101.2K | — | ||
| Q1 25 | $188.0K | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $275.1K | — |
| Q3 25 | $35.1M | — | ||
| Q1 25 | $36.6M | — | ||
| Q4 24 | — | $10.6M | ||
| Q3 24 | $25.3M | — |
| Q3 25 | $413.8M | — | ||
| Q1 25 | $246.8M | — | ||
| Q4 24 | — | $18.8M | ||
| Q3 24 | $237.2M | — |
| Q3 25 | 0.00× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.3M | $-998.6K |
| Free Cash FlowOCF − Capex | — | $-1.0M |
| FCF MarginFCF / Revenue | — | -7.4% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $3.3M | — | ||
| Q1 25 | $16.2M | — | ||
| Q4 24 | — | $-998.6K | ||
| Q3 24 | $-16.1M | — |
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.0M | ||
| Q3 24 | — | — |
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -7.4% | ||
| Q3 24 | — | — |
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | — |
| Q3 25 | — | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | — | -0.62× | ||
| Q3 24 | -2.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MATH
Segment breakdown not available.
STAK
| Other | $4.2M | 31% |
| Sales of specialized oilfield equipment | $4.0M | 30% |
| Total | $3.3M | 24% |
| Sales of specialized oilfield vehicle | $2.1M | 15% |
| Service income from automation solutions | $26.4K | 0% |
