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Side-by-side financial comparison of Mega Matrix Inc (MPU) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.
Mega Matrix Inc is the larger business by last-quarter revenue ($6.1M vs $4.2M, roughly 1.4× Virgin Galactic Holdings, Inc). Mega Matrix Inc runs the higher net margin — -177.4% vs -2222.2%, a 2044.7% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -40.9%).
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
MPU vs SPCE — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $6.1M | $4.2M |
| Net Profit | $-10.8M | $-93.8M |
| Gross Margin | 47.7% | -546.6% |
| Operating Margin | -156.3% | -2412.1% |
| Net Margin | -177.4% | -2222.2% |
| Revenue YoY | -40.9% | 125.5% |
| Net Profit YoY | -291.1% | 30.2% |
| EPS (diluted) | $-0.21 | $-4.36 |
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 | $6.1M | — | ||
| Q2 25 | $7.1M | — | ||
| Q1 25 | $7.7M | — | ||
| Q3 24 | $10.3M | — | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | — | $2.0M | ||
| Q4 23 | — | $2.8M | ||
| Q3 23 | — | $1.7M |
| Q3 25 | $-10.8M | — | ||
| Q2 25 | $-1.5M | — | ||
| Q1 25 | $-2.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | — | $-93.8M | ||
| Q1 24 | — | $-102.0M | ||
| Q4 23 | — | $-104.0M | ||
| Q3 23 | — | $-104.6M |
| Q3 25 | 47.7% | — | ||
| Q2 25 | 58.5% | — | ||
| Q1 25 | 55.8% | — | ||
| Q3 24 | 58.5% | — | ||
| Q2 24 | — | -546.6% | ||
| Q1 24 | — | -1038.1% | ||
| Q4 23 | — | -766.4% | ||
| Q3 23 | — | -1384.3% |
| Q3 25 | -156.3% | — | ||
| Q2 25 | -21.6% | — | ||
| Q1 25 | -32.8% | — | ||
| Q3 24 | -26.0% | — | ||
| Q2 24 | — | -2412.1% | ||
| Q1 24 | — | -5599.9% | ||
| Q4 23 | — | -4067.8% | ||
| Q3 23 | — | -6613.0% |
| Q3 25 | -177.4% | — | ||
| Q2 25 | -20.7% | — | ||
| Q1 25 | -32.0% | — | ||
| Q3 24 | -26.8% | — | ||
| Q2 24 | — | -2222.2% | ||
| Q1 24 | — | -5139.1% | ||
| Q4 23 | — | -3701.8% | ||
| Q3 23 | — | -6053.5% |
| Q3 25 | $-0.21 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q3 24 | $-0.08 | — | ||
| Q2 24 | — | $-4.36 | ||
| Q1 24 | — | $-5.10 | ||
| Q4 23 | — | $-14.49 | ||
| Q3 23 | — | $-5.57 |
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 | $775.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $37.4M | $394.8M |
| Total Assets | $42.7M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $9.8M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | $6.8M | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | — | $775.7M | ||
| Q1 24 | — | $765.2M | ||
| Q4 23 | — | $874.0M | ||
| Q3 23 | — | $997.1M |
| Q3 25 | $37.4M | — | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $11.9M | — | ||
| Q3 24 | $15.8M | — | ||
| Q2 24 | — | $394.8M | ||
| Q1 24 | — | $417.6M | ||
| Q4 23 | — | $505.5M | ||
| Q3 23 | — | $599.4M |
| Q3 25 | $42.7M | — | ||
| Q2 25 | $16.6M | — | ||
| Q1 25 | $17.3M | — | ||
| Q3 24 | $22.4M | — | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B | ||
| Q4 23 | — | $1.2B | ||
| Q3 23 | — | $1.3B |
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 | $-79.1M |
| Free Cash FlowOCF − Capex | — | $-113.5M |
| FCF MarginFCF / Revenue | — | -2690.7% |
| Capex IntensityCapex / Revenue | — | 815.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-458.3M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $-1.8M | — | ||
| Q1 25 | $-2.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-79.1M | ||
| Q1 24 | — | $-113.2M | ||
| Q4 23 | — | $-95.3M | ||
| Q3 23 | — | $-91.5M |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-113.5M | ||
| Q1 24 | — | $-126.3M | ||
| Q4 23 | — | $-113.7M | ||
| Q3 23 | — | $-104.8M |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2690.7% | ||
| Q1 24 | — | -6362.8% | ||
| Q4 23 | — | -4046.9% | ||
| Q3 23 | — | -6066.1% |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 815.5% | ||
| Q1 24 | — | 658.5% | ||
| Q4 23 | — | 653.9% | ||
| Q3 23 | — | 771.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
