Mega Matrix Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsMega Matrix Inc is a Cayman Islands holding company listed on NYSE American that operates in the motion picture and video production services industry, with revenue declining in 2025.
What they do
Mega Matrix Inc operates in the Services-Motion Picture & Video Tape Production industry. The company is incorporated in the Cayman Islands with executive offices in Singapore. It generates revenue primarily from its production-related activities, though specific operational details are not provided in the excerpts.
Revenue drivers
- Motion picture and video production services — The company's SIC industry indicates revenue comes from production services, but no specific segment breakdown is given. Annual revenue was $36.2M in 2024, declining to $26.1M in 2025.
Recent performance
Annual revenue fell from $36.2M in 2024 to $26.1M in 2025. Net loss widened to $34.3M in 2025 from $8.9M in 2024, and diluted EPS dropped to -$0.75 from -$0.23. Operating cash flow turned negative at -$9.9M in 2025 after being +$4.1M in 2024. Quarterly revenue declined sequentially from $7.7M in Q1 2025 to $5.2M in Q4 2025.
Strategy
The filing does not provide explicit strategy details. However, the company has adopted new equity incentive plans and issued shares under them, suggesting a focus on equity-based compensation to attract and retain talent. The 2025 Plan allows for up to 8 million incentive stock options and resets annually. The company also corrected a typographical error in executive compensation disclosure, indicating attention to regulatory accuracy.
Risks
- Revenue decline — Annual revenue fell 28% from 2024 to 2025, and quarterly revenue trended downward through 2025.
- Widening losses — Net loss expanded to $34.3M in 2025, a near fourfold increase from the prior year.
- Negative operating cash flow — Operating cash flow swung from positive $4.1M in 2024 to negative $9.9M in 2025.
- Equity dilution — 8.3 million shares were issued under equity incentive plans in 2025, potentially diluting existing shareholders.
Outlook
Management has not provided a forward-looking outlook in the provided excerpts. The filing is an amendment to correct executive compensation figures and does not update forward-looking statements beyond the original filing date.