Metalpha Technology Holding (FRA:D92) Retained Earnings: €-12.50 Mil (As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:D92 Metalpha Technology Holding Ltd FRA:D92
42 GF Score
Price €0.66
GF Value €1.73
! 5 Warning Signs
View Full Analysis

What is Metalpha Technology Holding Retained Earnings?

Metalpha Technology Holding FRA:D92 -2.96% 42 Retained Earnings is €-12.50 Mil as of Sep. 2025. GuruFocus rates FRA:D92 with a GF Score™ of 42/100 and a GF Value™ of €1.73. The stock has 5 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Metalpha Technology Holding's retained earnings for the quarter that ended in Sep. 2025 was €-12.50 Mil.

Metalpha Technology Holding's quarterly retained earnings increased from Sep. 2024 (€-34.13 Mil) to Mar. 2025 (€-25.93 Mil) and increased from Mar. 2025 (€-25.93 Mil) to Sep. 2025 (€-12.50 Mil).

Metalpha Technology Holding's annual retained earnings declined from Mar. 2023 (€-37.59 Mil) to Mar. 2024 (€-40.41 Mil) but then increased from Mar. 2024 (€-40.41 Mil) to Mar. 2025 (€-25.93 Mil).


Metalpha Technology Holding  (FRA:D92) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Metalpha Technology Holding Retained Earnings Historical Data

* Premium members only.

The historical data trend for Metalpha Technology Holding's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Metalpha Technology Holding Retained Earnings Chart

Metalpha Technology Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.96 -18.51 -37.59 -40.41 -25.93

Metalpha Technology Holding Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -41.33 -40.41 -34.13 -25.93 -12.50
FRA:D92
42GF Score
Metalpha Technology Holding Ltd FRA:D92
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metalpha Technology Holding Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of €-12.50 Mil mean?
Metalpha Technology Holding (FRA:D92) has a Retained Earnings of €-12.50 Mil as of Sep. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Metalpha Technology Holding and its competitors.
Is Metalpha Technology Holding's Retained Earnings too high?
Metalpha Technology Holding's current Retained Earnings is €-12.50 Mil. Overall, Metalpha Technology Holding has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's Retained Earnings compare to GSIW and HGBL?
Metalpha Technology Holding's Retained Earnings of €-12.50 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Capital Markets company?
A good Retained Earnings depends on the Capital Markets industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Metalpha Technology Holding and its competitors. Metalpha Technology Holding's current Retained Earnings is €-12.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Metalpha Technology Holding (FRA:D92) has a current Retained Earnings of €-12.50 Mil. The stock's GF Value™ is €1.73, compared to a current price of €0.66 — trading 62.1% below its estimated fair value. The current Retained Earnings is €-12.50 Mil. Metalpha Technology Holding's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Metalpha Technology Holding (FRA:D92), the current Retained Earnings is €-12.50 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Metalpha Technology Holding (FRA:D92) Overvalued in 2026?

Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued. The current stock price of €0.66 is trading 62.1% below its estimated GF Value™ of €1.73.

Key valuation signals for FRA:D92:

  • Retained Earnings: €-12.50 Mil
  • GF Value™: €1.73 vs. price of €0.66 (62.1% below fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the FRA:D92 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metalpha Technology Holding Business Description

Other Exchanges MATH:USA
Address 18 Harbour Road, Suite 6703-04, Central Plaza, Wan Chai, Hong Kong, HKG
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score

Get the complete analysis for FRA:D92

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.66
Price
€1.73
GF Value