Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. It offers digital asset-based wealth management services; ...
Metalpha Technology Holding Limited (NASDAQ: MATH) provides wealth management services in Hong Kong with a focus on digital assets. Through its subsidiaries, the company operates within financial capital markets and supports clients ranging from institutional investors to high-net-worth individuals. Its service set spans digital asset-based wealth management, cryptocurrency transaction execution, ...Metalpha Technology Holding Limited (NASDAQ: MATH) provides wealth management services in Hong Kong with a focus on digital assets. Through its subsidiaries, the company operates within financial capital markets and supports clients ranging from institutional investors to high-net-worth individuals. Its service set spans digital asset-based wealth management, cryptocurrency transaction execution, and crypto-derivative activities—covering the issuance of derivative products to over-the-counter clients, facilitation of crypto derivative trading, and crypto derivative market making. In addition, Metalpha provides proprietary trading services and also offers traditional financial derivative products.
From a business-model perspective, Metalpha’s revenue opportunities are closely tied to market activity in crypto and derivative instruments, as well as client demand for structured exposure and execution services. By packaging derivative products and executing related transactions for clients (including OTC arrangements), the company positions itself as an intermediary and liquidity provider rather than a conventional broker-only or asset manager-only platform. Its licensed services and securities advisory and asset management services broaden the offering so that it can serve clients seeking both digital-asset wealth management and more traditional finance capabilities.
In terms of products and services, the company’s key activities include: (1) digital asset-based wealth management, (2) cryptocurrency transaction execution, (3) issuance of derivative products for OTC clients, (4) crypto derivative market making and related trading facilitation, (5) proprietary trading, (6) traditional financial derivatives, and (7) securities advisory and asset management services. These offerings imply operational requirements such as risk management, market/liquidity operations, counterparty handling, and compliance/licensing appropriate to the jurisdictions in which it provides services.
Regarding scale and cost considerations, publicly available indicators suggest a relatively lean workforce compared with large financial institutions (LinkedIn indicates an employee range of 51–200, and another listing reports full-time employees of 25). As a result, cost structure may be comparatively sensitive to headcount, technology and compliance costs, and trading/market-related risk controls. Financially, valuation and profitability can be volatile for companies linked to trading and capital markets activity; therefore, metrics can fluctuate with market conditions and the firm’s level of activity in derivatives and proprietary trading.
Leadership is currently led by CEO and Chairman Bing Zhong Wang (serving as CEO and Chairman since September 24, 2024, after having been President previously). Metalpha was incorporated in 2015 (formerly known as Dragon Victory International Limited before changing its name to Metalpha Technology Holding Limited in November 2022) and later went public on October 20, 2017 on NASDAQ.
Overall, Metalpha’s strategy centers on serving clients with digital-asset wealth management and derivative-driven execution/market services in Hong Kong, while leveraging licensing and advisory capabilities to provide a broader financial offering aligned with institutional and high-net-worth needs.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
-100.0%
—
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$1.3M
-91.9%
+244.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
—
—
—
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
—
—
—
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
—
—
—
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$75.7M
+306737.7%
+496.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
—
—
—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
1.0%
+74.1%
+199.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.12x
-4.4%
+2.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.