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Side-by-side financial comparison of Metalpha Technology Holding Ltd (MATH) and U-BX Technology Ltd. (UBXG). Click either name above to swap in a different company.

U-BX Technology Ltd. is the larger business by last-quarter revenue ($12.4M vs $12.0M, roughly 1.0× Metalpha Technology Holding Ltd). Metalpha Technology Holding Ltd runs the higher net margin — -24.0% vs -24.7%, a 0.7% gap on every dollar of revenue.

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 UBXG — Head-to-Head

Bigger by revenue
UBXG
UBXG
1.0× larger
UBXG
$12.4M
$12.0M
MATH
Higher net margin
MATH
MATH
0.7% more per $
MATH
-24.0%
-24.7%
UBXG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MATH
MATH
UBXG
UBXG
Revenue
$12.0M
$12.4M
Net Profit
$-2.9M
$-3.1M
Gross Margin
28.3%
0.4%
Operating Margin
-24.2%
-22.1%
Net Margin
-24.0%
-24.7%
Revenue YoY
-39.0%
Net Profit YoY
-147.7%
EPS (diluted)
$-0.07
$-0.55

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
UBXG
UBXG
Q3 25
$12.0M
Q2 25
$12.4M
Q1 25
$24.8M
Q3 24
$19.7M
Net Profit
MATH
MATH
UBXG
UBXG
Q3 25
$-2.9M
Q2 25
$-3.1M
Q1 25
$9.8M
Q3 24
$6.0M
Gross Margin
MATH
MATH
UBXG
UBXG
Q3 25
28.3%
Q2 25
0.4%
Q1 25
85.7%
Q3 24
49.5%
Operating Margin
MATH
MATH
UBXG
UBXG
Q3 25
-24.2%
Q2 25
-22.1%
Q1 25
39.3%
Q3 24
38.9%
Net Margin
MATH
MATH
UBXG
UBXG
Q3 25
-24.0%
Q2 25
-24.7%
Q1 25
39.6%
Q3 24
30.7%
EPS (diluted)
MATH
MATH
UBXG
UBXG
Q3 25
$-0.07
Q2 25
$-0.55
Q1 25
$0.25
Q3 24
$0.16

Balance Sheet & Financial Strength

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

Metric
MATH
MATH
UBXG
UBXG
Cash + ST InvestmentsLiquidity on hand
$10.1M
Total DebtLower is stronger
$101.2K
Stockholders' EquityBook value
$35.1M
$19.0M
Total Assets
$413.8M
$21.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATH
MATH
UBXG
UBXG
Q3 25
$10.1M
Q2 25
Q1 25
$6.9M
Q3 24
$3.8M
Total Debt
MATH
MATH
UBXG
UBXG
Q3 25
$101.2K
Q2 25
Q1 25
$188.0K
Q3 24
$275.1K
Stockholders' Equity
MATH
MATH
UBXG
UBXG
Q3 25
$35.1M
Q2 25
$19.0M
Q1 25
$36.6M
Q3 24
$25.3M
Total Assets
MATH
MATH
UBXG
UBXG
Q3 25
$413.8M
Q2 25
$21.0M
Q1 25
$246.8M
Q3 24
$237.2M
Debt / Equity
MATH
MATH
UBXG
UBXG
Q3 25
0.00×
Q2 25
Q1 25
0.01×
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
MATH
MATH
UBXG
UBXG
Operating Cash FlowLast quarter
$3.3M
$-1.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATH
MATH
UBXG
UBXG
Q3 25
$3.3M
Q2 25
$-1.2M
Q1 25
$16.2M
Q3 24
$-16.1M
Cash Conversion
MATH
MATH
UBXG
UBXG
Q3 25
Q2 25
Q1 25
1.64×
Q3 24
-2.66×

Financial Flow Comparison

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

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