MPU on NYSE

Mega Matrix Inc

Motion picture and video tape production services company, listed on NYSE (MPU). Summary from the record

Price unavailable

Last updated Oct 19, 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

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

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.

Money raised

Private offerings the company reported to the SEC on Form D.

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