MMTec (MTC)
Generates reported revenue from placement-agent services, with roots in Beijing financial-market technology.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.5M · Total debt $3.4M · Total assets $16.6M · Shareholders' equity $13.0M
- Revenue
- $0
- Operating income
- −$1.7M
- Net income
- −$1.6M
No dividends on record.
| Insiders | 0.18% | 45.3K ADS | |
|---|---|---|---|
| 2 holders · as of Mar 31, 2026 | |||
| Other | 99.82% | 25.14M ADS | |
| remainder | |||
25.19M ADS as of Sep 12, 2026 · holders as of their latest filing
The share count is from the company's Apr 2023 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Xiangdong WenInsiderdirector, officer: Chairman, CEO | 0.16% | 40,950 ordinary | filed Mar 31, 2026 |
Min KongInsiderdirector, officer: Chief Financial Officer | 0.02% | 4,375 ordinary | filed Mar 31, 2026 |
Betop Tech LimitedStrategic | —16.40% of class, as filed | — | filed Jan 13, 2022 |
Capital LLCStrategic | —8.56% of class, as filed | — | filed Mar 4, 2021 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MMTec | $5.91 | −2.80% | $158.9M | — | — | — | — |
| Oppenheimer | $112.94 | −0.01% | $1.26B | 13.5 | — | 0.7 | +21.9% |
| Piper Sandler | $72.74 | −0.03% | $4.99B | 17.1 | 14.6 | 2.4 | +22.2% |
| Stifel Financial | $73.18 | +0.03% | $11.48B | 8.9 | 10.5 | 1.7 | +13.2% |
| Jefferies Financial Group | $47.40 | 0.00% | $9.73B | 13.4 | 11.8 | 0.8 | −11.5% |
| Median | 13.4 | 11.8 | 1.3 | +17.5% |