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Matador Technologies Inc.
(MATA)
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Rating:43Neutral
Price Target:
C$0.03
▼(-3.33% Downside)
Action:Reiterated
Date:10/03/26
The score is driven primarily by very weak financial performance (no revenue, widening losses, ongoing cash burn, and a major balance sheet deterioration with debt added and equity turning negative). Technical indicators are also broadly bearish with the stock below key moving averages and oversold-type momentum readings. Valuation provides little support due to negative earnings and no dividend yield.
Positive Factors
Cash burn improvement
Although cash generation remains negative, the reduction in operating and free cash flow burn versus FY2025 provides a modest sign of improved cash discipline. If sustained, this could slow funding pressure and create more time for the company to improve its operating model.
Negative Factors
No revenue and widening losses
The absence of reported revenue indicates that the company has not yet demonstrated a recurring commercial engine, while losses are widening sharply. This combination weakens visibility into eventual operating leverage and makes durable self-funded growth difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash burn improvement
Although cash generation remains negative, the reduction in operating and free cash flow burn versus FY2025 provides a modest sign of improved cash discipline. If sustained, this could slow funding pressure and create more time for the company to improve its operating model.
Read all positive factors
Matador Technologies Inc. (MATA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.28M
Dividend YieldN/A
Average Volume (3M)389.18K
Price to Earnings (P/E)―
Beta (1Y)-1.47
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.17
Shares Outstanding131,350,480
10 Day Avg. Volume913,491
30 Day Avg. Volume389,180
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.04
Price to Sales (P/S)0.00
P/FCF Ratio-5.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Matador Technologies Inc. Business Overview & Revenue Model
Company Description
Matador Technologies Inc. operates as a digital asset treasury company. It also develops Bitcoin-native products and platforms, including digital asset solutions. The company is based in Toronto, Canada....
Matador Technologies Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Oct 2023 | Oct 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -11.55M | -8.73M | -3.40M | -2.43M | -26.73K |
| Net Income | -20.21M | -12.55M | -4.49M | -2.32M | -4.59M |
Balance Sheet | |||||
| Total Assets | 16.13M | 15.20M | 6.31M | 2.47M | 3.99M |
| Cash, Cash Equivalents and Short-Term Investments | 194.13K | 2.45M | 3.96M | 2.31M | 3.99M |
| Total Debt | 16.22M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 16.58M | 363.10K | 82.21K | 54.45K | 59.29K |
| Stockholders Equity | -452.09K | 14.84M | 6.23M | 2.41M | 3.93M |
Cash Flow | |||||
| Free Cash Flow | -4.71M | -5.34M | -1.09M | -1.68M | -1.23M |
| Operating Cash Flow | -4.71M | -5.34M | -1.09M | -1.68M | -1.23M |
| Investing Cash Flow | 1.98M | -6.04M | 0.00 | 0.00 | -49.31K |
| Financing Cash Flow | -1.21M | 9.91M | 2.74M | 339.79K | 5.58M |
Matador Technologies Inc. Technical Analysis
Neutral
0.03
Price Trends
0.03
Positive
0.03
Negative
0.08
Negative
Market Momentum
<0.01
Positive
48.71
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MATA, the sentiment is Neutral. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MATA.
Matador Technologies Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$86.46M | 15.24 | 17.74% | ― | 2819.70% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$107.99M | -7.87 | -13.93% | ― | -13.15% | 24.49% | |
43 Neutral | C$3.28M | -0.17 | -319.63% | ― | ― | ― | |
41 Neutral | C$11.71M | 133.33 | -27.81% | ― | 6.48% | ― |
* General Sector Average
TSE:MATA
Matador Technologies Inc.
0.03
-0.37
-92.50%
TSE:DEFI
DeFi Technologies
0.83
0.00
0.00%
TSE:DMGI
DMG Blockchain Solutions
0.50
-0.08
-13.79%
TSE:BTCW
Bitcoin Well Inc
0.04
-0.10
-71.43%
Matador Technologies Inc. Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Matador Technologies Deepens Leveraged Bitcoin Strategy and Tightens Costs
Positive
Oct 2, 2026
Matador Technologies has built its balance sheet around a Bitcoin reserve that now totals about 168 coins, most of which are pledged as collateral under a US$100 million secured convertible note facility. The company’s strategy relies on lev...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Matador Wins TSXV Nod for New Preferred Share Class as Bitcoin Treasury Strategy Expands
Positive
Aug 28, 2026
Matador Technologies Inc., a Toronto-based Bitcoin ecosystem company listed on the TSX Venture Exchange, OTCQB and Frankfurt Exchange, is focused on holding Bitcoin as its core treasury asset while building Bitcoin-native financial infrastructure....
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Matador Expands ATM Flexibility and Ties Equity Proceeds to Bitcoin Collateral
Positive
Aug 17, 2026
Matador Technologies Inc. has amended its US$100 million secured convertible note facility to broaden the conditions under which it can conduct at the market offerings of common shares while notes are outstanding. The change introduces an alternat...
Business Operations and StrategyPrivate Placements and Financing
Matador Technologies Raises C$2.3 Million via ATM to Fuel Bitcoin Treasury Strategy
Positive
Aug 13, 2026
Matador Technologies has reported that its at-the-market equity program generated approximately C$1.1 million in gross proceeds for the quarter ended July 31, 2026, bringing total gross proceeds since the program’s February launch to about C...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.