Mega Matrix (MPU) Operating Expenses (2023 - 2025)
Mega Matrix's Operating Expenses came in at -$18.35 million for the quarter ended Dec 31, 2025, compared with -$6.72 million a year earlier.
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Analysis
Mega Matrix (MPU) Operating Expenses (2023 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Mega Matrix's Operating Expenses was -$43.33 million.
- Going back by year, Operating Expenses was -$32.64 million in the year ended Dec 31, 2024, -$5.26 million in the year ended Dec 31, 2023 and -$11.2 million in the year ended Dec 31, 2022.
- The figure for the quarter ended Dec 31, 2025 represents the lowest quarterly Operating Expenses in data going back to the quarter ended Sep 30, 2023.
- Business Quant data shows MPU's Operating Expenses at -$12.47 million (quarter ended Sep 30, 2025), -$5.66 million (quarter ended Jun 30, 2025) and -$6.85 million (quarter ended Mar 31, 2025) in the three quarters before the quarter ended Dec 31, 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -5.39 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 429.41 Mn |
| 10 | Mega Matrix | 187.97 Mn | 160.12 Mn | 3.03 Mn | -18.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -18.35 Mn |
| Sep 30, 2025 | -12.47 Mn |
| Jun 30, 2025 | -5.66 Mn |
| Mar 31, 2025 | -6.85 Mn |
| Dec 31, 2024 | -6.72 Mn |
| Sep 30, 2024 | -8.74 Mn |
| Jun 30, 2024 | -7.22 Mn |
| Mar 31, 2024 | -9.96 Mn |
| Dec 31, 2023 | -944,500.00 |
| Sep 30, 2023 | -1.09 Mn |
API Access
Mega Matrix Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MPU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MPU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MPU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();