MPU Mega Matrix Inc

Overview and Growth

Fiscal 2025 results for Mega Matrix Inc combined $26.11M of revenue with net loss of $34.30M and an operating cash outflow of $9.91M. At $26.11M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $36.18M in fiscal 2024, revenue decreased 27.9%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$0.75, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 45.72M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 20.3% higher than fiscal 2024, when diluted shares averaged 38.00M, adding context to the EPS comparison. The company employed $22.43M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 1.16x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $14.40M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 55.1% of revenue, showing how much of the top line remained after direct costs. Operations produced a $28.93M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 110.8%, showing the shortfall after operating costs. The bottom-line result was a net loss of $34.30M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 131.4% after all recognized items. Negative EBITDA totaled $23.93M, confirming that the earnings deficit remained before depreciation and amortization. Before income taxes, the company recorded a loss of $34.29M, bridging the operating result to the final net loss. The pretax loss equaled 131.4% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $1.60K, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 189.8% of period-end equity, showing the deficit relative to book capital. The net loss equaled 152.9% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $34.30M from $8.88M in fiscal 2024.

Liquidity and Capital Structure

The company held $22.43M of assets against $4.36M of liabilities and $18.07M of equity, revealing how the asset base was financed. The company held $7.30M in cash and equivalents, a narrower liquidity measure than total current assets. Equity equaled 80.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 19.4% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 32.5%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 15.2% higher than fiscal 2024 assets of $19.46M, measuring the company’s own balance-sheet change. Reported equity changed 28.1% from $14.11M in fiscal 2024, placing the current capital base higher year over year. Compared with $8.87M in fiscal 2024, the current cash balance moved 17.7% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $9.91M of cash, resulting in an operating cash outflow for the year. Operating cash flow moved from a $4.12M inflow in fiscal 2024 to a $9.91M outflow.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.