Mega Matrix Inc is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$0.5
Price-to-sales vs peers
Base case. Range ~$0.3–$2.1. Sales per share times peers' typical price-to-sales; used only when earnings are negative.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Mega Matrix Inc valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds5 adding, 6 cuttingOf 3 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Mega Matrix Inc's trailing-twelve-month revenue fell 27.9% year on year, with a free-cash-flow margin of -57.1%.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 3018.8% while net income fell 286.1%: a 2733pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Revenue shrinking. Revenue fell 27.9% over the last 12 months.
- Loss-making. Operating margin is -110.8%: costs exceed revenue.
- Margins narrowing. Operating margin is down 78.7 points on a year ago.
- Burning cash. Free cash flow was -57.1% of revenue over the last 12 months.
- Heavy stock-based pay. Stock pay equals 41.1% of revenue: a real cost that cash-flow figures leave out.
- Share dilution. Diluted shares rose 20.3% in a year.
Latest results
- Earnings per share
- -$0.46 against an average estimate of $0.56: missed by 182.7%
Price chart
- 1 day-12.7%
- 1 week-14.4%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $26.1M
- Operating margin
- -110.8%
- Net margin
- -131.4%
- EPS (TTM, diluted)
- $-0.75
Growth
- Revenue growth
- −27.9%
- Share count change
- +20.3%
Cash
- Free cash flow (TTM)
- -$14.9M
- FCF margin
- -57.1%
- Stock pay % of revenue
- 41.1%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for MPU from the sources we follow. See filings →
Valuation models
We value Mega Matrix Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.5 ~$0.3–$2.1 | Included, half weight |
| Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$0.5 ~$0.3–$2.1 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mega Matrix Inc with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Analysts' consensus
No analyst estimates are published for Mega Matrix Inc: too few analysts cover it.
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2019 | $0.56 | −$0.46 | −182.7% |
| Jun 2019 | $0.44 | $0.18 | −58.0% |
| Mar 2019 | $0.08 | $0.28 | +246.0% |
| Dec 2018 | −$0.04 | −$0.71 | −1666.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 1.6% of tradable shares
- Days to cover
- 4.96 at average volume
- Short interest, 1 month
- +11% to October 15, 2026
- Held by institutions
- 3% of shares
- Held by insiders
- 4.8% of shares
- Employees
- 23 full time
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Fundamentals
Financial statements
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|
| Income | ||
| Revenue | 36 | 26 |
| Gross profit | 21 | 14 |
| EBITDA | −7 | −24 |
| Operating income | −12 | −29 |
| Net income | −9 | −34 |
| Diluted EPS | −$0.23 | −$0.75 |
| Growth (year on year) | ||
| Revenue | — | −27.9% |
| Margins | ||
| Gross margin | 58.1% | 55.1% |
| EBITDA margin | −19.4% | −91.7% |
| Operating margin | −32.1% | −110.8% |
| Net margin | −24.6% | −131.4% |
| Cash flow | ||
| Cash from operations | 4 | −10 |
| Stock-based pay | 0 | 11 |
| Balance sheet | ||
| Cash | 9 | 7 |
| Total debt | 0 | 0 |
| Net debt (negative = net cash) | −9 | −7 |
| Diluted shares | 38m | 46m |
Financial health
- Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
- Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Operating income of −$29m against −$101,900 of interest.
Dividends, buybacks and capital spending
- Diluted share count
- +20.3%
- year over year
- Days sales outstanding
- 7 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | MPU | TOON | CURI | LVO | GAIA | ANGH | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $26m | $33m | $76m | $77m | $95m | $99m | $985m |
| Revenue growth, last 12 months | −27.9% | −13.9% | 24.9% | −23.1% | −2.4% | 27.2% | 7.8% |
| Revenue growth, 3-year average | — | −20.1% | 5.6% | −9.5% | 6.3% | — | 7.1% |
| Revenue growth, latest quarter | — | −43.4% | 22.3% | 0.7% | −11.8% | — | 11.3% |
| Gross margin | 55.1% | 20.6% | — | 17.9% | 86.1% | −25.4% | 45.3% |
| Operating margin | −110.8% | −39.3% | −0.3% | −19.6% | −8.7% | −88.0% | 1.8% |
| Operating margin, 3-year average | — | −76.7% | −24.9% | −15.0% | −7.1% | — | −0.6% |
| Net margin | −131.4% | 26.9% | 0.0% | −25.8% | −8.2% | −90.1% | 0.3% |
| Cash from operations / revenue | −37.9% | 80.7% | 7.1% | −12.4% | −6.5% | −36.5% | 9.6% |
| Free-cash-flow margin | −57.1% | 80.2% | 7.1% | −16.3% | −14.7% | −36.6% | 5.3% |
| Free-cash-flow margin, 3-year average | — | 12.1% | 6.1% | −4.9% | −4.0% | — | 6.1% |
| Stock pay / revenue | 41.1% | 0.6% | 20.3% | 20.8% | 1.6% | −0.2% | 1.5% |
| Change in share count | 20.3% | 37.6% | 3.3% | 7.0% | 2.2% | 18.0% | 1.9% |
Who owns it
Funds buying and selling- Reported value
- $560,212
- Institutions reporting
- 10
- Shares held vs prior quarter
- ▲ 191.6%
- Positions opened / closed
- 2 / 3
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| HRT Financial LP | $282,000 | 957K | 50.3% | New |
| UBS Group AG | $114,746 | 389K | 20.5% | ▲ 8104.4% |
| Morgan Stanley | $70,932 | 240K | 12.7% | 0.0% |
| Goldman Sachs Group Inc | $40,812 | 138K | 7.3% | ▲ 40.9% |
| Millennium Management LLC | $15,360 | 52K | 2.7% | ▼ 50.7% |
| Renaissance Technologies LLC | $10,554 | 36K | 1.9% | New |
| Two Sigma Securities, LLC | $8,171 | 28K | 1.5% | ▲ 107.1% |
| Xtx Topco Ltd | $7,264 | 25K | 1.3% | ▼ 53.4% |
| Two Sigma Investments, LP | $6,833 | 23K | 1.2% | ▼ 48.7% |
| Capital Advisors Inc | $3,540 | 12K | 0.6% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mega Matrix Inc's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Recent SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Mega Matrix Inc in brief
- What does Mega Matrix Inc do?
- Mega Matrix Inc is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
- What is Mega Matrix Inc's stock ticker?
- Mega Matrix Inc trades under the ticker MPU on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Mega Matrix Inc's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Mega Matrix Inc reported revenue of $26.1M, 27.9% lower than a year earlier, according to its SEC filings.
- What is Mega Matrix Inc's free cash flow?
- Mega Matrix Inc's free-cash-flow margin is -57.1% of revenue over the trailing twelve months.
- Who are Mega Matrix Inc's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, UBS Group AG and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Who are Mega Matrix Inc's competitors?
- In our Movies & Entertainment peer group, the companies closest to Mega Matrix Inc are Kartoon Studios, Inc., Curiositystream Inc., Liveone, Inc., Gaia, Inc and Anghami Inc. The side-by-side comparison below sets their revenue, margins and growth against Mega Matrix Inc's.
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