Mega Matrix Inc.
Mega Matrix Inc. is a Singapore-based entertainment and digital media company that operates FlexTV, a short-form vertical drama streaming platform. The company focuses on producing, licensing, translating, and distributing short dramas across multiple languages for audiences in regions including North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America. Its business also includes online advertising services and film production, positioning Mega Matrix Inc. within the broader digital entertainment market. Through FlexTV, the company targets mobile-first viewers seeking brief, serialized video content delivered in an accessible, platform-based format. Mega Matrix Inc. plays a niche role in the evolving short-drama streaming segment, where localized content and digital distribution are central to audience engagement.
$1.75
+$0.09 (+5.42%)
EOD Oct 22, 2026
The business is unprofitable at the operating level (-110.82% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 27.9% YoY. Margins deteriorated 78.7pp alongside, both lines moving the wrong way.
Free cash flow declined 340% versus the prior year, cash generation momentum has weakened. ROIC dropped from -74.90% to -142.04%, capital efficiency is deteriorating.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$26M
▼ -27.9% YoY
Net Income (TTM)
-$34M
▼ -226.5% YoY
Op. Margin
-110.82%
▼ -78.7pp YoY
ROIC
-142.04%
▼ -67.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -340.4% YoY
Op. Cash Flow (TTM)
-$10M
▼ -225.8% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$7M
3Y CAGR: +287.5%
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Is Mega Matrix (MPU) overvalued?
Mega Matrix (MPU)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Mega Matrix scores 40/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Mega Matrix a high-quality business?+
Mega Matrix scores 40 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a -110.8% operating margin and a -142.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Mega Matrix a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh MPU's valuation and scores 40/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Entertainment
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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