tradmap

MATH Financials Metalpha Technology Holding Ltd

6 years of revenue, profit, cash flow and balance-sheet history through FY2021, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 32.9% per year over the past 5 years.
  • Operating margin has contracted, at -1743.1% in the latest year.

Financial health

  • Operating income covered interest expense -2.4× in the latest year, down from 11× 5 years ago.
Revenue & net income
-$5M -$434678 $4M $0 2016 2017 2018 2019 2020 2021
RevenueNet income
Margins (gross / operating / net)
-18832% -9388% 56% 0% 2016 2017 2018 2019 2020 2021
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2016 2017 2018 2019 2020 2021
Free cash flow
Cash vs total debt
$0 $2M $4M 2016 2017 2018 2019 2020 2021
CashTotal debt
Cash flow: operating / investing / financing
-$6M $815001 $8M $0 2016 2017 2018 2019 2020 2021
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2021 $225749 -$5M 0.0% -1743.1% $982538
2020 $11252 -$1M 0.0% -18832.5% $15926
2019 $3M -$1M 0.0% -81.0% $38600
2018 $4M $193131 0.0% 9.0% $4M
2017 $4M $2M 0.0% 56.1% $3M
2016 $2M $652852 0.0% 40.8% $2480

Valuation over time

How the market has priced MATH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 95.0 189.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is MATH growing its revenue and profit?

Over the past 5 years, Metalpha Technology Holding Ltd's revenue has declined 32.9% per year. These are computed facts, not advice.

How much debt does MATH have?

As of FY2021, Metalpha Technology Holding Ltd reported — of total debt against $982538 of cash; operating income covered interest expense -2.4×.

What is MATH's profit margin?

In FY2021, gross margin was —, operating margin -1743.1%, and net margin -2280.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.