Sign in

MPU on NYSE

Mega Matrix Inc

Mega Matrix Inc is a motion picture and video tape production services company, listed on NYSE (MPU).1 It is headquartered in Grand Cayman, Cayman Islands.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$26.1MRevenue, fiscal 20252
-$34.3MNet income, fiscal 20252

Compare with Kartoon Studios, Inc., CuriosityStream Inc. or Gaia, or pick any stock.

  • TickerMPU on NYSE1
  • IndustryServices-Motion Picture & Video Tape Production1
  • HeadquartersGrand Cayman, Cayman Islands1
  • Incorporated inCayman Islands3
  • Business address89 Nexus Way, Camana Bay, Grand Cayman, E9 Ky1-90093
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

Islands corporate governance practices in lieu of the corporate governance requirements of the NYSE American in respect of the following:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

55.1%Gross margin2
-110.8%Operating margin2
-131.4%Net margin2
-27.9%Revenue growth, 20252
-189.8%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Membership brought in 41% of the revenue Mega Matrix Inc broke down this way in fiscal 2025.

  1. Membership$21.6M241%down 32% from 2024
  2. Membership And Topup Streaming Services Revenue$21.6M241%down 32% from 2024
  3. Advertising$2.6M25%down 29% from 2024
  4. Online Advertising Services$2.6M25%down 29% from 2024
  5. Content Licensing$1.9M24%up 108% from 2024
  6. License and Maintenance$1.9M24%up 108% from 2024
Products and services by year
Products and services20242025
Membership$31.6M$21.6M
Membership And Topup Streaming Services Revenue$31.6M$21.6M
Advertising$3.7M$2.6M
Online Advertising Services$3.7M$2.6M
Content Licensing$898.7K$1.9M
License and Maintenance$898.7K$1.9M

Regions

Asia Pacific brought in 51% of the revenue Mega Matrix Inc broke down this way in fiscal 2025.

  1. Asia Pacific$13.4M251%down 17% from 2024
  2. United States And Canada$6.5M225%down 51% from 2024
  3. EMEA$5.0M219%up 14% from 2024
  4. Latin America$1.2M24%down 45% from 2024
Regions by year
Regions20242025
Asia Pacific$16.2M$13.4M
United States And Canada$13.4M$6.5M
EMEA$4.4M$5.0M
Latin America$2.1M$1.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue45¢$11.7M
  • Other costs55¢$14.4M
  • Income tax0¢$1.6K

Out of $26.1M in revenue.2 The company lost money this year.

Financial statements

Revenue2$26.1M in 2025−28% since 2024
0$10.0M$20.0M$30.0M$40.0M2024: $36.2M$36.2M20242025: $26.1M$26.1M2025−28%
Gross profit2$14.4M in 2025−32% since 2024
0$10.0M$20.0M$30.0M2024: $21.0M$21.0M20242025: $14.4M$14.4M2025−32%
Operating income52-$28.9M in 2025+158% since 2022
-$30.0M-$20.0M-$10.0M02022: -$11.2M-$11.2M20222023: -$5.3M-$5.3M2023−53%2024: -$11.6M-$11.6M2024+121%2025: -$28.9M-$28.9M2025+149%
Net income52-$34.3M in 2025+305% since 2022
-$40.0M-$30.0M-$20.0M-$10.0M02022: -$8.5M-$8.5M20222023: -$4.1M-$4.1M2023−52%2024: -$8.9M-$8.9M2024+119%2025: -$34.3M-$34.3M2025+286%
Fiscal year20212022202320242025
Revenue$36.2M2$26.1M2
Cost of revenue$15.2M2$11.7M2
Gross profit$21.0M2$14.4M2
Operating expenses$11.2M5$5.3M2$32.6M2$43.3M2
Operating income-$11.2M5-$5.3M2-$11.6M2-$28.9M2
Income before tax-$9.3M5-$4.6M2-$10.8M2-$34.3M2
Income tax-$48.9K5$87.1K2-$275.4K2$1.6K2
Net income-$8.5M5-$4.1M2-$8.9M2-$34.3M2
Earnings per share-$0.375-$0.132-$0.232-$0.752
Earnings per share (diluted)-$0.375-$0.132-$0.232-$0.752
Shares (weighted, basic)23.0M shares531.3M shares238.0M shares245.7M shares2
Shares (weighted, diluted)23.0M shares531.3M shares238.0M shares245.7M shares2

Compare Mega Matrix Inc with another company

Corporate structure

Mega Matrix Inc is part of a group headed by Mega Matrix Corp.. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Mega Matrix Inc

  • Cosmic Vision Innovations Ltd Filed SCHEDULE 13D/A on Mega Matrix Inc, latest Jun 22, 2026 (2 filings since Mar 4, 2026)
  • Yaman Demir Filed SCHEDULE 13D on Mega Matrix Inc, latest Nov 24, 2025
  • Yucheng Hu Filed SCHEDULE 13D/A on Mega Matrix Inc, latest Nov 13, 2025 (3 filings since Dec 11, 2024)
  • Mega Matrix Corp. Palo Alto, California
    • Mega Matrix Inc Grand Cayman, Cayman Islands
    • Mega Metaverse Corp. Subsidiary · California, United States
    • Saving Digital Pte. Ltd. Subsidiary · Singapore

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Mega Matrix Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.3M2 Dec 31, 2025$8.9M2 Dec 31, 2024−17.7%
Marketable securities, current$4.1K2 Dec 31, 2025$7.0K2 Dec 31, 2024−41.4%
Long-term investments$1.8M2 Dec 31, 2025$1.5M2 Dec 31, 2024+18.7%
Deposits held (banks)$7.3M2 Dec 31, 2025$8.9M5 Dec 31, 2024−18.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.9M2 Dec 31, 2025$2.9M2 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$113.5K2 Dec 31, 2025$183.8K2 Dec 31, 2024−38.2%
Finite-lived intangibles, net$1.1M2 Dec 31, 2025$1.7M5 Dec 31, 2024−37.6%

Leadership

Who has led Mega Matrix Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yucheng Hu2026–now

Chief financial officer

  1. Jie Ma2026–now
  • Chief executive officerYucheng Hu Mar 13, 2026 to now6
  • Chief financial officerJie Ma Mar 16, 2026 to now7
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerQin Wang named Jul 31, 202511
  • DirectorJunyi Dai named Jul 31, 202511
  • DirectorSiyuan Zhu named Jul 31, 202511

Former names

  • MarsProtocol Inc.Apr 20, 2023 to Sep 11, 20233

Timeline

  1. Mar 13, 2026New chief executive Yucheng Hu becomes CEO6

Filings

108 filings to the SEC since October 2021: 3 annual reports, 5 insider forms, 6 large holders, 1 private raises, 93 other. The latest 20:

  1. Oct 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Aug 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Jun 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jun 22, 2026SCHEDULE 13D/A EDGAR
  7. Jun 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Apr 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Apr 27, 202620-F/A AMENDMENT NO. 1 TO FORM 20-F EDGAR
  10. Apr 20, 2026S-8 REGISTRATION STATEMENT EDGAR
  11. Apr 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Apr 16, 202620-F ANNUAL REPORT EDGAR
  13. Mar 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Mar 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Mar 17, 20263 EDGAR
  16. Mar 16, 20263 EDGAR
  17. Mar 13, 20263 EDGAR
  18. Mar 13, 20263 EDGAR
  19. Mar 13, 20263 EDGAR
  20. Mar 4, 2026SCHEDULE 13D EDGAR

The 108 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$16.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $16.0M in all. Private raises (Form D) $16.0M.$0$5M$10M$15M$20M2025 · Private raises (Form D): $16.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$16.0M$16.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jul 24, 2025Raised $16 million in a private offering of equity11 Form D: 18 investors so far Form D

SEC filer profile

How Mega Matrix Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMega Matrix Inc1
  • CIK0001953021
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Industry code (SIC)7812 Services-Motion Picture & Video Tape Production1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address89 Nexus Way, Camana Bay, Grand Cayman, E9 KY1-90091
  • Phone929-841-46701
  • Shares outstanding61,926,888 Common Class A shares; 2,809,977 Common Class B shares; 3,123,723 Common Class C shares as of Dec 31, 20254
  • AuditorAudit Alliance LLP, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 20, 20231
  • Filings108 in all: 6-K (41), CORRESP (17), UPLOAD (11), F-4/A (7), 3 (5), EFFECT (3), F-3/A (3), SCHEDULE 13D/A (3)1
    All 21 form types

    20-F (2), 424B3 (2), F-3 (2), S-8 (2), SCHEDULE 13D (2), 20-F/A (1), 424B5 (1), 8-A12B (1), 8-K12G3 (1), D (1), F-4 (1), S-8 POS (1), SC 13D/A (1)

  • Latest filingsAnnual report (20-F) Apr 16, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value $0.001 per shareMPUNYSE

From the cover page of the 20-F filed Apr 16, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14