MATTERNET INC (MTTN) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MTTN SEC filings page.
MATTERNET INC (MTTN) reported $393K in revenue for fiscal year 2025, down 27.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Financial Health Signals
MATTERNET INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
MATTERNET INC reported an operating loss of $8.1M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
MATTERNET INC generated $121K in revenue in Q3 2026. This represents a decrease of 6.8% from the same quarter a year earlier.
MATTERNET INC's EBITDA was -$3.9M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 106.1% from the same quarter a year earlier.
MATTERNET INC reported -$7.9M in net income in Q3 2026. This represents a decrease of 249.0% from the same quarter a year earlier. Against the prior quarter it is down 119165.3%.
Cash & Balance Sheet
MATTERNET INC recorded an outflow of $3.5M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 81.0% from the same quarter a year earlier.
MATTERNET INC held $23.1M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Margins & Returns
MATTERNET INC's ROE was -35.4% in Q3 2026, measuring profit generated per dollar of shareholder equity.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
MATTERNET INC invested $965K in research and development in Q3 2026. This represents an increase of 44.8% from the same quarter a year earlier.
MATTERNET INC invested $66K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 68.3% from the same quarter a year earlier.
Not reported for Q3 2026.
MTTN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|
| Revenue | $121K-6.8% | N/A | N/A | N/A | $130K |
| Cost of Revenue | $341K+60.1% | N/A | N/A | N/A | $213K |
| Gross Profit | -$219K-165.6% | N/A | N/A | N/A | -$83K |
| R&D Expenses | $965K+44.8% | N/A | N/A | N/A | $666K |
| SG&A Expenses | $2.6M+131.1% | $7K | N/A | $10K | $1.1M |
| Operating Income | -$3.9M-101.7% | -$7K | N/A | -$10K | -$1.9M |
| EBITDA | -$3.9M-106.1% | N/A | N/A | $56K | -$1.9M |
| Interest Expense | $125K-63.1% | N/A | N/A | N/A | $340K |
| Income Tax | -$3K-187.4% | N/A | N/A | N/A | $4K |
| Net Income | -$7.9M-249.0% | -$7K | N/A | -$10K | -$2.3M |
| EPS (Basic) | -$0.27-35.0% | $0.00 | N/A | $0.00 | -$0.20 |
| EPS (Diluted) | -$0.27 | $0.00 | N/A | $0.00 | -$0.20 |
| Diluted Shares (Avg) | 29M | 10M | N/A | 10M | 11M |
MTTN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|
| Total Assets | $25.5M | $6.8M | $4K | $2.3M | N/A |
| Current Assets | $24.1M | $5.3M | $4K | $955K | N/A |
| Cash & Equivalents | $23.1M+5141.4% | $4.6M | $4K | $294K | $441K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $26K | $7K | N/A | $60K | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.1M | $80.7M | $37K | $122.2M | N/A |
| Current Liabilities | $3.1M | $13.8M | $37K | $6.4M | N/A |
| Non-Current Liabilities | $0 | $66.9M | $0 | $115.8M | N/A |
| Total Equity | $22.4M+123.1% | -$73.9M | -$33K | -$119.9M | -$96.8M |
| Retained Earnings | -$145.7M | -$137.8M | -$34K | -$130.6M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
MTTN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|
| Operating Cash Flow | -$3.4M-99.0% | -$6K | N/A | -$6K | -$1.7M |
| Depreciation & Amortization | $31K-44.7% | N/A | N/A | $65K | $56K |
| Stock-Based Compensation | $228.9M+175611.5% | N/A | N/A | N/A | $130K |
| Capital Expenditures | $66K-68.3% | N/A | N/A | -$126K | $207K |
| Free Cash Flow | -$3.5M-81.0% | N/A | N/A | -$132K | -$1.9M |
| Investing Cash Flow | -$66K+68.3% | N/A | N/A | $126K | -$207K |
| Financing Cash Flow | $22.0M+1146.8% | $15K | $20K | $11K | $1.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MTTN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|
| Gross Margin | -180.7% | N/A | N/A | N/A | -63.4% |
| Operating Margin | -3204.7% | N/A | N/A | N/A | -1480.4% |
| Net Margin | -6525.1% | N/A | N/A | N/A | -1742.1% |
| Return on Equity | -35.4% | N/A | N/A | N/A | N/A |
| Return on Assets | -31.1% | -0.1% | N/A | -0.4% | N/A |
| Current Ratio | 7.84 | 0.38 | 0.11 | 0.15 | N/A |
| Debt-to-Equity | 0.14 | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.00 | N/A | N/A | N/A | N/A |
| FCF Margin | -2868.8% | N/A | N/A | N/A | -1476.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$119.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.15), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where MATTERNET INC Ranks
Frequently Asked Questions
What is MATTERNET INC's annual revenue?
MATTERNET INC (MTTN) reported $393K in total revenue for fiscal year 2025. This represents a -27.7% 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 MATTERNET INC's revenue growing?
MATTERNET INC (MTTN) revenue declined by 27.7% year-over-year, from $543K to $393K in fiscal year 2025.
What is MATTERNET INC's EBITDA?
MATTERNET INC (MTTN) had EBITDA of -$8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is MATTERNET INC's gross margin?
MATTERNET INC (MTTN) had a gross margin of -52.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is MATTERNET INC's free cash flow?
MATTERNET INC (MTTN) recorded an outflow of $7.0M in free cash flow during fiscal year 2025. This represents a -2.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is MATTERNET INC's operating cash flow?
MATTERNET INC (MTTN) recorded an outflow of $6.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are MATTERNET INC's total assets?
MATTERNET INC (MTTN) had $2.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are MATTERNET INC's capital expenditures?
MATTERNET INC (MTTN) invested $85K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does MATTERNET INC spend on research and development?
MATTERNET INC (MTTN) invested $3.0M in research and development during fiscal year 2025.
What is MATTERNET INC's current ratio?
MATTERNET INC (MTTN) had a current ratio of 0.15 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
How does MATTERNET INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, MATTERNET INC (MTTN) held $294K in cash, cash equivalents and investments, and reported an operating cash outflow of $6.9M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is MATTERNET INC's debt-to-equity ratio negative or not reported?
MATTERNET INC (MTTN) has negative shareholder equity of -$119.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Can MATTERNET INC cover its interest payments?
MATTERNET INC (MTTN) reported an operating loss of $8.1M against $1.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.