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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.
Metalpha Technology Holding Ltd is the larger business by last-quarter revenue ($12.0M vs $7.1M, roughly 1.7× TECHPRECISION CORP). TECHPRECISION CORP runs the higher net margin — -20.8% vs -24.0%, a 3.2% gap on every dollar of revenue. On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% 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.
TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.
MATH vs TPCS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $7.1M |
| Net Profit | $-2.9M | $-1.5M |
| Gross Margin | 28.3% | 5.4% |
| Operating Margin | -24.2% | -19.1% |
| Net Margin | -24.0% | -20.8% |
| Revenue YoY | -39.0% | -6.9% |
| Net Profit YoY | -147.7% | -84.4% |
| EPS (diluted) | $-0.07 | $-0.15 |
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 | — | $7.1M | ||
| Q3 25 | $12.0M | $9.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | $24.8M | $9.5M | ||
| Q4 24 | — | $7.6M | ||
| Q3 24 | $19.7M | $8.9M | ||
| Q2 24 | — | $8.0M | ||
| Q1 24 | — | $8.6M |
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $-2.9M | $825.0K | ||
| Q2 25 | — | $-597.0K | ||
| Q1 25 | $9.8M | $112.0K | ||
| Q4 24 | — | $-799.0K | ||
| Q3 24 | $6.0M | $-601.0K | ||
| Q2 24 | — | $-1.5M | ||
| Q1 24 | — | $-5.1M |
| Q4 25 | — | 5.4% | ||
| Q3 25 | 28.3% | 27.1% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | 85.7% | 22.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | 49.5% | 11.3% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 14.3% |
| Q4 25 | — | -19.1% | ||
| Q3 25 | -24.2% | 10.4% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | 39.3% | 3.9% | ||
| Q4 24 | — | -9.1% | ||
| Q3 24 | 38.9% | -5.5% | ||
| Q2 24 | — | -16.8% | ||
| Q1 24 | — | -28.6% |
| Q4 25 | — | -20.8% | ||
| Q3 25 | -24.0% | 9.1% | ||
| Q2 25 | — | -8.1% | ||
| Q1 25 | 39.6% | 1.2% | ||
| Q4 24 | — | -10.5% | ||
| Q3 24 | 30.7% | -6.7% | ||
| Q2 24 | — | -18.3% | ||
| Q1 24 | — | -59.5% |
| Q4 25 | — | $-0.15 | ||
| Q3 25 | $-0.07 | $0.08 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | $0.25 | $0.01 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | $0.16 | $-0.06 | ||
| Q2 24 | — | $-0.16 | ||
| Q1 24 | — | $-0.59 |
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 | $50.0K |
| Total DebtLower is stronger | $101.2K | — |
| Stockholders' EquityBook value | $35.1M | $8.0M |
| Total Assets | $413.8M | $32.8M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.0K | ||
| Q3 25 | $10.1M | $220.0K | ||
| Q2 25 | — | $143.0K | ||
| Q1 25 | $6.9M | $195.0K | ||
| Q4 24 | — | $165.0K | ||
| Q3 24 | $3.8M | $132.0K | ||
| Q2 24 | — | $44.8K | ||
| Q1 24 | — | $138.0K |
| Q4 25 | — | — | ||
| Q3 25 | $101.2K | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $188.0K | $3.0K | ||
| Q4 24 | — | $19.0K | ||
| Q3 24 | $275.1K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $8.0M | ||
| Q3 25 | $35.1M | $9.1M | ||
| Q2 25 | — | $8.2M | ||
| Q1 25 | $36.6M | $8.7M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | $25.3M | $8.9M | ||
| Q2 24 | — | $7.9M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | $32.8M | ||
| Q3 25 | $413.8M | $33.8M | ||
| Q2 25 | — | $32.1M | ||
| Q1 25 | $246.8M | $33.5M | ||
| Q4 24 | — | $32.2M | ||
| Q3 24 | $237.2M | $35.0M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | — | $34.7M |
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.01× | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| 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 | $183.0K |
| Free Cash FlowOCF − Capex | — | $-827.0K |
| FCF MarginFCF / Revenue | — | -11.7% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $183.0K | ||
| Q3 25 | $3.3M | $-1.1M | ||
| Q2 25 | — | $646.0K | ||
| Q1 25 | $16.2M | $396.0K | ||
| Q4 24 | — | $-570.0K | ||
| Q3 24 | $-16.1M | $-532.0K | ||
| Q2 24 | — | $107.0K | ||
| Q1 24 | — | $-452.0K |
| Q4 25 | — | $-827.0K | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-604.0K | ||
| Q1 25 | — | $-930.0K | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-94.0K | ||
| Q1 24 | — | $-900.0K |
| Q4 25 | — | -11.7% | ||
| Q3 25 | — | -22.9% | ||
| Q2 25 | — | -8.2% | ||
| Q1 25 | — | -9.8% | ||
| Q4 24 | — | -22.9% | ||
| Q3 24 | — | -21.8% | ||
| Q2 24 | — | -1.2% | ||
| Q1 24 | — | -10.5% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 14.0% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.64× | 3.54× | ||
| 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.
TPCS
| Defense | $6.7M | 94% |
| Other | $410.0K | 6% |
