MMTec
Generates reported revenue from placement-agent services, with roots in Beijing financial-market technology.
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Profile
Generates reported revenue solely from placement-agent services. The Nasdaq-listed BVI holding company traces its operating roots to Beijing-based Gujia, which historically supplied financial-market technology; the Alpha Mind sale left a material promissory-note counterparty dependency.
Generates its disclosed revenue from placement-agent services, the only reported revenue category in the latest annual report. The BVI holding company's main operations trace to Beijing-based Gujia and it maintains headquarters in Hong Kong.
At its IPO, Gujia described internet-based technology services and platforms for Chinese-speaking hedge funds, mutual funds, advisers, proprietary trading groups, and brokerages. Those historical offerings included account-management systems, trading clients, and a quantitative-investment transaction platform.
Business structure is shaped by the former Alpha Mind transaction: the sale consideration is a secured promissory note from XChange. XChange's auditor expressed substantial doubt about its ability to continue as a going concern, creating a disclosed collectability dependency.
Company facts
Categories
Key statistics
Year to date +11.3% · Average volume (30d) 26.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Apr 8, 2026 | — | −$0.24 | — | — | — | — | +1.11% |
| Jul 9, 2025Q2 FY25 | — | −$1.84 | — | — | $807.5K | — | 0.00% |
| Dec 31, 2024 | — | −$2.50 | — | — | $1.9M | — | +7.01% |
| Jul 30, 2024Q2 FY24 | — | −$1.14 | — | — | — | — | +4.02% |
Financial highlights
| 12 quarters | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | −$2.0M | $0 | $1.9M | −$20.5M | $0 | $0 | |
| Gross profit | $522.5K | −$50.1K | $1.5M | −$20.7M | −$628.8K | −$2.3K | |
| Operating income | −$1.2M | −$27.8M | −$65.5M | −$47.2M | −$1.8M | −$1.7M | |
| Net income | −$4.0M | −$28.4M | −$62.8M | −$46.4M | −$9.6M | −$1.6M | |
| Diluted EPS | −$0.30 | −$1.14 | −$2.50 | −$1.84 | −$0.24 | −$0.02 | |
| Gross margin | — | — | 79.3% | — | — | — | |
| Operating margin | — | — | -3,504.9% | — | — | — |
Revenue by product · FY24
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $6.5M · Total debt $3.4M · Total assets $16.6M · Shareholders' equity $13.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 25.19M · Float 25.14M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Xiangdong Wen · director, officer: Chairman, CEO | 41.0K | 0.16% | Form 4 | Mar 31, 2026 |
| Min Kong · director, officer: Chief Financial Officer | 4.4K | 0.02% | Form 4 | Mar 31, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Oppenheimer
Public and private equity raises, including private placements and PIPEs
- Piper Sandler
Private placements, PIPEs, and registered-direct equity financing
- Stifel Financial
Placement-agent and underwriting services in public and private equity markets
- Jefferies Financial Group
IPOs, follow-ons, PIPEs, and private equity placements
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MMTec | $3.79 | −1.56% | $95.5M | — | — | — | — |
| Oppenheimer | $119.01 | −0.21% | $1.26B | 13.4 | — | 0.7 | +21.9% |
| Piper Sandler | $75.61 | +0.11% | $5.10B | 17.5 | 15.2 | 2.4 | +25.8% |
| Stifel Financial | $81.29 | +0.04% | $12.32B | 9.6 | 11.6 | 1.8 | −1.4% |
| Jefferies Financial Group | $53.09 | 0.00% | $10.80B | 14.8 | 13.3 | 0.9 | −11.5% |
| Median | 14.1 | 13.3 | 1.4 | +10.2% |