Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Mega Matrix Inc files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
FY2025
Revenue
36.2
26.1
Cost of revenue
15.2
11.7
Gross profit
21
14.4
General and administrative
11.2
5.24
10.1
30.9
Operating expenses
11.2
5.26
32.6
43.3
Operating income
-11.2
-5.26
-11.6
-28.9
Interest expense
-0.13
-0.1
Other non-operating income
1.85
0.67
0.84
-5.36
Pre-tax income
-9.35
-4.59
-10.8
-34.3
Income tax
-0.05
0.09
-0.28
0
Net income to minority interests
-0.83
-0.62
-1.62
Net income
-8.47
-4.06
-8.88
-34.3
EBITDA
-11.1
-7.02
-23.9
EPS, basic
-0.37
-0.13
-0.23
-0.75
EPS, diluted
-0.37
-0.13
-0.23
-0.75
Shares, basic (weighted)
23
31.3
38
45.7
Shares, diluted (weighted)
23
31.3
38
45.7
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
7.26
3.13
8.87
7.3
Short-term investments
0.01
0
Receivables
0.42
0.51
Other current assets
0.49
3.18
2.35
Total current assets
11.6
14.9
17.7
Goodwill
2.89
2.89
Intangible assets
0.18
0.11
Long-term investments
1.77
1.48
1.76
Total assets
13.3
19.5
22.4
Accounts payable
1
0.78
Deferred revenue
2.1
1.74
Total liabilities
2.94
5.35
4.36
Paid-in capital
27.8
40.4
78.6
Retained earnings
-17.5
-26.3
-60.6
Shareholders' equity
10.4
14.1
18.1
Total equity
6.96
10.4
14.1
18.1
Total liabilities and equity
13.3
19.5
22.4
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
-9.3
-4.68
-10.5
-34.3
Depreciation and amortization
0.11
4.6
5
Stock-based compensation
0.24
0.15
10.7
Deferred income tax
-0.28
Change in receivables
-0.1
-0.09
Change in payables
0.96
-0.23
Cash from operations
-5.86
-3
4.12
-9.91
Acquisitions
0
0.12
Purchases of investments
-0.27
-0.02
Sales and maturities of investments
0.22
0.04
Cash from investing
-0.05
-4.83
-1.89
-1.59
Stock issued
2.05
Cash from financing
5.79
3.7
3.5
9.92
Exchange rate effect
-1.5
Net change in cash
-0.12
-4.13
5.74
-1.57
Interest paid
0.12
Income taxes paid
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.78 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
55.1%
Gross profit / revenue.
Operating margin
-110.8%
Operating income / revenue.
EBITDA margin
-91.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-131.4%
Pre-tax income / revenue.
Net margin
-131.4%
Net income / revenue.
Operating cash flow margin
-37.9%
Cash from operations / revenue.
Return on equity (ROE)
-213.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-163.7%
Net income / average total assets.
Return on invested capital (ROIC)
-285.5%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
41.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
19.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-27.9%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-31.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-340.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
28.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
15.2%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
20.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
25.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.75
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.57
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.22
Cash from operations / diluted weighted shares.
Book value per share
$0.40
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
7.24x
Market cap / revenue.
P/B
10.5x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
12.5x
Market cap / tangible book value, when positive.
EV/Sales
6.96x
Enterprise value / revenue.
Earnings yield
-18.1%
Net income / market cap (the inverse of P/E).
What was Mega Matrix Inc's revenue in fiscal 2025?
Mega Matrix Inc reported revenue of $26.1M for fiscal 2025, 27.9% lower than the year before.
Was Mega Matrix Inc profitable in fiscal 2025?
No. It reported a net loss of $34.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.