Metalpha Technology Holding vs Siebert Financial
Siebert Financial is the larger business, with $94.2m of revenue in fiscal 2025 against $37.1m for Metalpha Technology Holding (2.5 times as much). Siebert Financial grew faster (12.3% against -16.7%). Siebert Financial kept more of each dollar of sales as profit: a net margin of 5.4% against 3.5%. Metalpha Technology Holding carries less debt relative to equity (0.9% against 5.6%).
| Latest fiscal year | Metalpha Technology HoldingMATH, 2026 | Siebert FinancialSIEB, 2025 |
|---|---|---|
| Revenue | $37.1m | $94.2m |
| Revenue growth | -16.7% | 12.3% |
| Net income | $1.3m | $5.1m |
| Operating margin | 3.6% | 5.9% |
| Net margin | 3.5% | 5.4% |
| Return on equity | 2.9% | 5.9% |
| Free cash flow | −$14.9m | $9.7m |
| Cash | $3.9m | $22.4m |
| Total debt | $460,815 | $5.0m |
| Debt to equity | 0.9% | 5.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $18,340 | $3.6m |
| Employees | — | 166 |
| Market value | $63.8m | $81.0m |
| Price vs our value range | — | — |
| Moat score | — | 18 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 0 sales |