Mega Matrix Corp Financials
This page shows Mega Matrix Corp (MPU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A high-gross-margin business turned into externally funded cash burn as overhead expanded far faster than sales.
FY2024’s positive operating cash flow did not mark a durable self-funding model: it fell from$4.1M to-$9.9M in FY2025 while financing inflows were$9.9M , meaning fresh capital largely replaced cash consumed by operations. Because total liabilities still declined to$4.4M , that funding appears to be supporting losses without adding much balance-sheet leverage.
The sharp deterioration was not driven by product-level economics alone. Gross margin only moved from
The balance sheet still looks more equity-funded than debt-funded despite the losses. Cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Mega Matrix Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Mega Matrix Corp has an operating margin of -110.8%, meaning the company retains $-111 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -32.1% the prior year.
Mega Matrix Corp carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Mega Matrix Corp generates a -189.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -63.0% the prior year.
Mega Matrix Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Mega Matrix Corp generates $0.29 in operating cash flow (-$9.9M OCF vs -$34.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mega Matrix Corp earns $-283.9 in operating income for every $1 of interest expense (-$28.9M vs $102K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Mega Matrix Corp generated $26.1M in revenue in fiscal year 2025. This represents a decrease of 27.9% from the prior year.
Mega Matrix Corp's EBITDA was -$23.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 241.0% from the prior year.
Mega Matrix Corp reported -$34.3M in net income in fiscal year 2025. This represents a decrease of 286.1% from the prior year.
Mega Matrix Corp earned $-0.75 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 226.1% from the prior year.
Cash & Balance Sheet
Mega Matrix Corp held $7.3M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Mega Matrix Corp's gross margin was 55.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the prior year.
Mega Matrix Corp's operating margin was -110.8% in fiscal year 2025, reflecting core business profitability. This is down 78.7 percentage points from the prior year.
Mega Matrix Corp's net profit margin was -131.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 106.8 percentage points from the prior year.
Mega Matrix Corp's ROE was -189.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 126.8 percentage points from the prior year.
Capital Allocation
MPU Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2M-15.0% | $6.1M-13.4% | $7.1M-8.7% | $7.7M-24.4% | $10.2M-1.1% | $10.3M+49.6% | $6.9M-20.4% | $8.7M |
| Cost of Revenue | $2.2M-32.3% | $3.2M+9.1% | $2.9M-14.4% | $3.4M-26.6% | $4.7M+8.6% | $4.3M+58.5% | $2.7M-22.6% | $3.5M |
| Gross Profit | $3.0M+4.0% | $2.9M-29.4% | $4.1M-4.2% | $4.3M-22.5% | $5.6M-8.0% | $6.1M+43.8% | $4.2M-19.0% | $5.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $16.4M+67.0% | $9.8M+341.7% | $2.2M-9.1% | $2.5M-8.1% | $2.7M+15.8% | $2.3M-20.0% | $2.9M+28.5% | $2.2M |
| Operating Income | -$15.3M-60.3% | -$9.6M-526.0% | -$1.5M+39.9% | -$2.5M-120.4% | -$1.2M+57.2% | -$2.7M+10.8% | -$3.0M+36.8% | -$4.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$85K | N/A | N/A |
| Income Tax | $200-75.0% | $800+300.0% | $200-50.0% | $4000.0% | $4000.0% | $4000.0% | $400+100.1% | -$277K |
| Net Income | -$19.5M-79.9% | -$10.8M-640.6% | -$1.5M+40.9% | -$2.5M-34.6% | -$1.8M+33.6% | -$2.8M+18.5% | -$3.4M-292.7% | -$867K |
| EPS (Diluted) | N/A | $-0.21-425.0% | $-0.04+42.9% | $-0.07 | N/A | $-0.08+20.0% | $-0.10-100.0% | $-0.05 |
MPU Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.4M-47.5% | $42.7M+157.4% | $16.6M-4.1% | $17.3M-11.1% | $19.5M-13.3% | $22.4M | N/A | N/A |
| Current Assets | $17.7M-53.5% | $38.0M+215.0% | $12.1M-5.3% | $12.7M-14.6% | $14.9M-15.7% | $17.7M | N/A | N/A |
| Cash & Equivalents | $7.3M-25.3% | $9.8M+143.8% | $4.0M-40.7% | $6.8M-23.8% | $8.9M-10.8% | $9.9M-17.0% | $12.0M+320.4% | $2.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $509K+18.7% | $429K-41.6% | $734K+44.0% | $510K+20.6% | $423K-0.8% | $426K | N/A | N/A |
| Goodwill | $2.9M0.0% | $2.9M0.0% | $2.9M0.0% | $2.9M0.0% | $2.9M0.0% | $2.9M | N/A | N/A |
| Total Liabilities | $4.4M-17.7% | $5.3M-6.9% | $5.7M+5.6% | $5.4M+0.5% | $5.4M-19.3% | $6.6M | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $18.1M-51.7% | $37.4M+242.9% | $10.9M-8.4% | $11.9M-15.5% | $14.1M-10.7% | $15.8M-8.6% | $17.3M+5.8% | $16.3M |
| Retained Earnings | -$60.6M-47.4% | -$41.1M-35.8% | -$30.3M-5.1% | -$28.8M-9.4% | -$26.3M-7.5% | -$24.5M | N/A | N/A |
MPU Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M+30.3% | -$3.5M-96.6% | -$1.8M+19.7% | -$2.2M-178.4% | -$794K+75.4% | -$3.2M-139.2% | $8.2M+8602.6% | -$97K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$38K+87.9% | -$312K+76.6% | -$1.3M-1535.6% | $93K+132.7% | -$283K+8.6% | -$310K-3.3% | -$300K+69.7% | -$992K |
| Financing Cash Flow | -$400-100.0% | $9.6M+2578.2% | $357K+10400.0% | $3K | $0-100.0% | $1.5M+25.5% | $1.2M+47.5% | $810K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MPU Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.4%+10.6pp | 47.7%-10.8pp | 58.5%+2.8pp | 55.8%+1.3pp | 54.4%-4.1pp | 58.5%-2.3pp | 60.8%+1.1pp | 59.7% |
| Operating Margin | -294.6%-138.3pp | -156.3%-134.7pp | -21.6%+11.2pp | -32.8%-21.5pp | -11.3%+14.7pp | -26.0%+17.6pp | -43.6%+11.3pp | -54.8% |
| Net Margin | -375.4%-198.0pp | -177.4%-156.7pp | -20.7%+11.3pp | -32.0%-14.0pp | -18.0%+8.8pp | -26.8%+22.4pp | -49.2%-39.2pp | -10.0% |
| Return on Equity | -108.0%-79.0pp | -29.0%-15.6pp | -13.4%+7.4pp | -20.8%-7.7pp | -13.0%+4.5pp | -17.5%+2.1pp | -19.7%-14.4pp | -5.3% |
| Return on Assets | -87.0%-61.6pp | -25.4%-16.6pp | -8.8%+5.5pp | -14.3%-4.9pp | -9.5%+2.9pp | -12.4% | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.24+0.1 | 0.14-0.4 | 0.52+0.1 | 0.45+0.1 | 0.38-0.0 | 0.42 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Mega Matrix Corp's annual revenue?
Mega Matrix Corp (MPU) reported $26.1M in total revenue for fiscal year 2025. This represents a -27.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mega Matrix Corp's revenue growing?
Mega Matrix Corp (MPU) revenue declined by 27.9% year-over-year, from $36.2M to $26.1M in fiscal year 2025.
Is Mega Matrix Corp profitable?
No, Mega Matrix Corp (MPU) reported a net income of -$34.3M in fiscal year 2025, with a net profit margin of -131.4%.
What is Mega Matrix Corp's EBITDA?
Mega Matrix Corp (MPU) had EBITDA of -$23.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mega Matrix Corp's gross margin?
Mega Matrix Corp (MPU) had a gross margin of 55.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mega Matrix Corp's operating margin?
Mega Matrix Corp (MPU) had an operating margin of -110.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Mega Matrix Corp's net profit margin?
Mega Matrix Corp (MPU) had a net profit margin of -131.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Mega Matrix Corp's return on equity (ROE)?
Mega Matrix Corp (MPU) has a return on equity of -189.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mega Matrix Corp's operating cash flow?
Mega Matrix Corp (MPU) generated -$9.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mega Matrix Corp's total assets?
Mega Matrix Corp (MPU) had $22.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Mega Matrix Corp's debt-to-equity ratio?
Mega Matrix Corp (MPU) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mega Matrix Corp's return on assets (ROA)?
Mega Matrix Corp (MPU) had a return on assets of -152.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mega Matrix Corp's cash runway?
Based on fiscal year 2025 data, Mega Matrix Corp (MPU) had $7.3M in cash against an annual operating cash burn of $9.9M. This gives an estimated cash runway of approximately 9 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Mega Matrix Corp's Piotroski F-Score?
Mega Matrix Corp (MPU) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mega Matrix Corp's earnings high quality?
Mega Matrix Corp (MPU) has an earnings quality ratio of 0.29x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mega Matrix Corp cover its interest payments?
Mega Matrix Corp (MPU) has an interest coverage ratio of -283.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mega Matrix Corp?
Mega Matrix Corp (MPU) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.