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Side-by-side financial comparison of Mega Matrix Inc (MPU) and Xos, Inc. (XOS). Click either name above to swap in a different company.

Mega Matrix Inc is the larger business by last-quarter revenue ($6.1M vs $5.2M, roughly 1.2× Xos, Inc.). Mega Matrix Inc runs the higher net margin — -177.4% vs -186.8%, a 9.4% gap on every dollar of revenue. On growth, Mega Matrix Inc posted the faster year-over-year revenue change (-40.9% vs -54.5%).

MPU vs XOS — Head-to-Head

Bigger by revenue
MPU
MPU
1.2× larger
MPU
$6.1M
$5.2M
XOS
Growing faster (revenue YoY)
MPU
MPU
+13.6% gap
MPU
-40.9%
-54.5%
XOS
Higher net margin
MPU
MPU
9.4% more per $
MPU
-177.4%
-186.8%
XOS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MPU
MPU
XOS
XOS
Revenue
$6.1M
$5.2M
Net Profit
$-10.8M
$-9.8M
Gross Margin
47.7%
-50.5%
Operating Margin
-156.3%
-186.6%
Net Margin
-177.4%
-186.8%
Revenue YoY
-40.9%
-54.5%
Net Profit YoY
-291.1%
48.6%
EPS (diluted)
$-0.21
$-0.76

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
MPU
MPU
XOS
XOS
Q4 25
$5.2M
Q3 25
$6.1M
$16.5M
Q2 25
$7.1M
$18.4M
Q1 25
$7.7M
$5.9M
Q4 24
$11.5M
Q3 24
$10.3M
$15.8M
Q2 24
$15.5M
Q1 24
$12.6M
Net Profit
MPU
MPU
XOS
XOS
Q4 25
$-9.8M
Q3 25
$-10.8M
$2.1M
Q2 25
$-1.5M
$-7.5M
Q1 25
$-2.5M
$-10.2M
Q4 24
$-19.0M
Q3 24
$-2.8M
$-10.5M
Q2 24
$-9.7M
Q1 24
$-11.0M
Gross Margin
MPU
MPU
XOS
XOS
Q4 25
-50.5%
Q3 25
47.7%
15.3%
Q2 25
58.5%
8.8%
Q1 25
55.8%
20.6%
Q4 24
-32.4%
Q3 24
58.5%
18.1%
Q2 24
13.1%
Q1 24
22.1%
Operating Margin
MPU
MPU
XOS
XOS
Q4 25
-186.6%
Q3 25
-156.3%
-42.4%
Q2 25
-21.6%
-38.5%
Q1 25
-32.8%
-157.7%
Q4 24
-127.0%
Q3 24
-26.0%
-61.4%
Q2 24
-73.2%
Q1 24
-81.1%
Net Margin
MPU
MPU
XOS
XOS
Q4 25
-186.8%
Q3 25
-177.4%
12.9%
Q2 25
-20.7%
-40.8%
Q1 25
-32.0%
-173.3%
Q4 24
-165.4%
Q3 24
-26.8%
-66.6%
Q2 24
-62.2%
Q1 24
-87.1%
EPS (diluted)
MPU
MPU
XOS
XOS
Q4 25
$-0.76
Q3 25
$-0.21
$0.22
Q2 25
$-0.04
$-0.91
Q1 25
$-0.07
$-1.26
Q4 24
$-2.34
Q3 24
$-0.08
$-1.32
Q2 24
$-1.23
Q1 24
$-1.80

Balance Sheet & Financial Strength

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

Metric
MPU
MPU
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$9.8M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$37.4M
$23.3M
Total Assets
$42.7M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPU
MPU
XOS
XOS
Q4 25
$14.0M
Q3 25
$9.8M
$14.1M
Q2 25
$4.0M
$8.8M
Q1 25
$6.8M
$4.8M
Q4 24
$11.0M
Q3 24
$9.9M
$8.4M
Q2 24
$19.7M
Q1 24
$46.2M
Stockholders' Equity
MPU
MPU
XOS
XOS
Q4 25
$23.3M
Q3 25
$37.4M
$31.1M
Q2 25
$10.9M
$18.3M
Q1 25
$11.9M
$24.8M
Q4 24
$33.6M
Q3 24
$15.8M
$50.8M
Q2 24
$59.2M
Q1 24
$67.8M
Total Assets
MPU
MPU
XOS
XOS
Q4 25
$60.4M
Q3 25
$42.7M
$73.8M
Q2 25
$16.6M
$80.3M
Q1 25
$17.3M
$87.7M
Q4 24
$98.3M
Q3 24
$22.4M
$120.5M
Q2 24
$123.4M
Q1 24
$135.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MPU
MPU
XOS
XOS
Operating Cash FlowLast quarter
$-3.5M
$2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPU
MPU
XOS
XOS
Q4 25
$2.4M
Q3 25
$-3.5M
$3.1M
Q2 25
$-1.8M
$4.6M
Q1 25
$-2.2M
$-4.8M
Q4 24
$3.3M
Q3 24
$-11.5M
Q2 24
$-26.0M
Q1 24
$-14.6M
Free Cash Flow
MPU
MPU
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
MPU
MPU
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
MPU
MPU
XOS
XOS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.9%
Q2 24
0.8%
Q1 24
0.2%
Cash Conversion
MPU
MPU
XOS
XOS
Q4 25
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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