Metalpha Technology Holding Ltd (MATH) AI Stock Analysis

Metalpha Technology Holding Limited operates in the supply chain management platform services sector in the People's Republic of China and specializes in providing customized cryptocurrency derivative products for digital finance markets. Founded in 2015 and headquartered in Wan Chai, Hong Kong, the company was formerly known as Dragon Victory International Limited before rebranding in November 2022. It employs 31 people and focuses on expanding technology-driven solutions to streamline supply chain operations alongside innovative financial products tailored for businesses in China and international markets.

Metalpha achieved a 5-year revenue CAGR of 177.5% from FY2021 to FY2026. Annual revenue expanded from $122,711 in FY2022 to $5.7M in FY2023, $16.8M in FY2024, and reached a peak of $44.6M in FY2025 with net income of $15.9M. In FY2026, revenue fell 16.7% to $37.1M, with a gross margin of -59.2% and an operating margin of -96.4%, though net income remained positive at $1.3M. Over the trailing twelve months, revenue was $37.1M with an operating margin of 17.0% and EPS of $0.02. In the latest quarter ended June 30, 2026, quarterly revenue grew 1.1% year-over-year, while quarterly earnings declined 63.3%.

As of June 30, 2026, Metalpha held $465.1M in cash and short-term investments and $536,563 in total debt, resulting in net cash of $464.6M. Total assets stood at $485.6M against shareholders' equity of $53.0M, with a debt-to-equity ratio of 0.01 and a current ratio of 1.12. In FY2026, operating cash flow and free cash flow were both $75.7M. Capital expenditures were $5, and the company allocated $18,340 to share buybacks, while share count increased 161.6% over 5 years.

At its last close of $1.05 on October 16, 2026, Metalpha had a market capitalization of $49.9M and an enterprise value of -$37.1M. Its trailing P/E ratio of 52.5x stands well above the 12.1x median of its US-listed Financial Services peers. However, its price-to-sales ratio of 1.3x and EV to EBITDA of 1.1x trade below peer medians of 3.2x and 11.7x, respectively. The stock has posted a 1-year return of -64.8% and a 5-year return of -32.7%, significantly lagging the S&P 500 benchmark returns of 16.8% and 83.0% over the same periods.

Metalpha registered 2 EPS beats over the last 4 quarters. The company has no published analyst price targets or formal rating counts on file. The next earnings date is scheduled for November 5, 2026. Investors continue to monitor its quarterly earnings performance following a 63.3% year-over-year drop in earnings reported for the latest quarter ended June 30, 2026, alongside trailing twelve months EPS of $0.02.

This page is an AI-written research summary of Metalpha Technology Holding Ltd (MATH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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