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Side-by-side financial comparison of Mega Matrix Inc (MPU) and SES AI Corp (SES). Click either name above to swap in a different company.
Mega Matrix Inc is the larger business by last-quarter revenue ($6.1M vs $4.6M, roughly 1.3× SES AI Corp). Mega Matrix Inc runs the higher net margin — -177.4% vs -373.5%, a 196.0% gap on every dollar of revenue.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
MPU vs SES — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.6M |
| Net Profit | $-10.8M | $-17.0M |
| Gross Margin | 47.7% | 11.3% |
| Operating Margin | -156.3% | -387.7% |
| Net Margin | -177.4% | -373.5% |
| Revenue YoY | -40.9% | — |
| Net Profit YoY | -291.1% | 50.7% |
| EPS (diluted) | $-0.21 | $-0.05 |
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 | — | $4.6M | ||
| Q3 25 | $6.1M | $7.1M | ||
| Q2 25 | $7.1M | $3.5M | ||
| Q1 25 | $7.7M | $5.8M | ||
| Q3 24 | $10.3M | — |
| Q4 25 | — | $-17.0M | ||
| Q3 25 | $-10.8M | $-20.9M | ||
| Q2 25 | $-1.5M | $-22.7M | ||
| Q1 25 | $-2.5M | $-12.4M | ||
| Q3 24 | $-2.8M | — |
| Q4 25 | — | 11.3% | ||
| Q3 25 | 47.7% | 51.1% | ||
| Q2 25 | 58.5% | 73.7% | ||
| Q1 25 | 55.8% | 78.7% | ||
| Q3 24 | 58.5% | — |
| Q4 25 | — | -387.7% | ||
| Q3 25 | -156.3% | -262.0% | ||
| Q2 25 | -21.6% | -652.3% | ||
| Q1 25 | -32.8% | -401.7% | ||
| Q3 24 | -26.0% | — |
| Q4 25 | — | -373.5% | ||
| Q3 25 | -177.4% | -293.9% | ||
| Q2 25 | -20.7% | -642.2% | ||
| Q1 25 | -32.0% | -214.6% | ||
| Q3 24 | -26.8% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-0.21 | $-0.06 | ||
| Q2 25 | $-0.04 | $-0.07 | ||
| Q1 25 | $-0.07 | $-0.04 | ||
| Q3 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.8M | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $37.4M | $214.8M |
| Total Assets | $42.7M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.5M | ||
| Q3 25 | $9.8M | $35.3M | ||
| Q2 25 | $4.0M | $11.8M | ||
| Q1 25 | $6.8M | $56.1M | ||
| Q3 24 | $9.9M | — |
| Q4 25 | — | $214.8M | ||
| Q3 25 | $37.4M | $228.2M | ||
| Q2 25 | $10.9M | $249.2M | ||
| Q1 25 | $11.9M | $269.9M | ||
| Q3 24 | $15.8M | — |
| Q4 25 | — | $272.6M | ||
| Q3 25 | $42.7M | $288.8M | ||
| Q2 25 | $16.6M | $290.5M | ||
| Q1 25 | $17.3M | $306.0M | ||
| Q3 24 | $22.4M | — |
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 | $-3.5M | $-10.4M |
| Free Cash FlowOCF − Capex | — | $-11.1M |
| FCF MarginFCF / Revenue | — | -243.7% |
| Capex IntensityCapex / Revenue | — | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-10.4M | ||
| Q3 25 | $-3.5M | $-14.3M | ||
| Q2 25 | $-1.8M | $-10.8M | ||
| Q1 25 | $-2.2M | $-22.8M | ||
| Q3 24 | — | — |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | — | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | — | $-23.7M | ||
| Q3 24 | — | — |
| Q4 25 | — | -243.7% | ||
| Q3 25 | — | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | — | -410.0% | ||
| Q3 24 | — | — |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 15.8% | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
