PerpEquities

Equity · Technology

Montage Technology Co., Ltd. (MONTAGE) perpetual futures

MONTAGE perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MONTAGEUSDT.

Montage Technology Co., Ltd. tracked across crypto venues with normalized contract specifications.

$31.99-4.0%
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Collecting venue price data...
venue perp mark · Gate.io (MONTAGE/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$22.2K
Open interest
$43.2K
Best liquidity
-
Tightest spread
+158.7 bps
Gate.io
Highest volume
$22.2K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $830.9M
OI / float
0.00%
Float $29.4B
Spot performance
1D-3.97%
5D+7.27%
1M+11.82%
6M+55.92%
YTD+82.09%
1Y+57.88%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeMONTAGE/USDTTrading$31.990.0% APR
0.000% every 8h
+158.7 bps-$22.2K$43.2KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

MONTAGE

Highest volume

MONTAGE

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$36.5B
Updated 1h ago
Revenue
$916.1M
Trailing 12 months
Revenue growth
+39%
Next fiscal year
Profit margin
+49.9%
P/E
81.9
Peer P/E 30.4
Free cash flow
$281.9M
Trailing 12 months
More metrics
Net income
$457.2M
Trailing 12 months
P/S
39.9
Peer P/E
30.4
Similar listed perps
Revenue estimate
$1.1B
Next fiscal year
Earnings
2026-11-04
Revenue est. $313.8M · Updated 1h ago
Dividend
¥0.39
2026-07-29

Fundamental detail

Annual + quarterly
Latest revenue$811.6M
Net margin+41.0%
Free cash flow$261.2M
Net debt-$1.3B
2020$271.3M
2021$381.1M
2022$546.3M
2023$340M
2024$541.3M
2025$811.6M
PeriodRevenueGrowthNet incomeFCF
2020$271.3M+5%$164.2M$83.4M
2021$381.1M+40%$123.3M$78.4M
2022$546.3M+43%$193.3M$68.7M
2023$340M-38%$67.1M$45.7M
2024$541.3M+59%$210M$195.2M
2025$811.6M+50%$332.5M$261.2M
PeriodGross marginOperating marginNet marginROEROA
2020+71.4%+65.7%+60.5%+13.7%+13.1%
2021+48.0%+35.7%+32.4%+9.9%+9.3%
2022+45.7%+38.5%+35.4%+13.1%+12.2%
2023+50.5%+20.7%+19.7%+4.4%+4.2%
2024+56.9%+38.8%+38.8%+12.4%+11.6%
2025+100.0%+42.6%+41.0%+17.3%+16.3%
PeriodCashDebtNet debtCurrent ratio
2020$814.3M$3.7M-$810.7M27.01
2021$759.3M$4.9M-$754.4M16.97
2022$873.2M$3.1M-$870.2M13.51
2023$854.4M$2.3M-$852.1M21.21
2024$1B$4.3M-$1B13.92
2025$1.3B$2.9M-$1.3B14.34
PeriodMarket capEnterprise valueP/SP/E
2020$14B$13.2B51.784.6
2021$14.2B$13.4B37.2114.9
2022$10.5B$9.7B19.354.4
2023$9.7B$8.8B28.4144.0
2024$11.4B$10.4B21.154.3
2025$19.9B$18.6B24.559.8
Q3 2024$134.8M
Q4 2024$158.9M
Q1 2025$181.8M
Q2 2025$209.9M
Q3 2025$211.9M
Q4 2025$208M
Q1 2026$217.3M
Q2 2026$278.9M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$134.8M+52%$57.3M$57.5M
Q4 2024$158.9M+40%$64.5M$52.7M
Q1 2025$181.8M+66%$78.1M$19.2M
Q2 2025$209.9M+52%$94.3M$121.6M
Q3 2025$211.9M+57%$70.4M$64.1M
Q4 2025$208M+31%$89.7M$57M
Q1 2026$217.3M+20%$126M$78.1M
Q2 2026$278.9M+33%$171.1M$82.7M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+58.6%+44.4%+42.5%+3.7%+3.4%
Q4 2024+54.0%+34.7%+40.6%+3.8%+3.5%
Q1 2025+60.4%+43.5%+43.0%+4.4%+4.1%
Q2 2025+62.8%+46.4%+44.9%+5.2%+4.9%
Q3 2025+61.0%+35.6%+33.2%+3.9%+3.4%
Q4 2025+211.8%+44.9%+43.1%+4.7%+4.4%
Q1 2026+69.8%+45.6%+58.0%+4.1%+3.9%
Q2 2026+60.4%+36.6%+61.3%+5.3%+5.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$928.6M$3.8M-$924.9M16.32
Q4 2024$1B$4.3M-$1B13.92
Q1 2025$1.1B$3.9M-$1.1B18.74
Q2 2025$1.2B$3.7M-$1.2B17.10
Q3 2025$1.3B$5.7M-$1.3B11.40
Q4 2025$1.3B$2.9M-$1.3B14.34
Q1 2026$2.2B$12.3M-$2.2B24.66
Q2 2026$2.2B$21.2M-$2.2B13.58
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$10.9B$9.9B80.647.8
Q4 2024$11.6B$10.6B72.844.7
Q1 2025$13.3B$12.2B73.142.5
Q2 2025$13.8B$12.6B65.736.6
Q3 2025$26.5B$25.2B125.294.4
Q4 2025$19.9B$18.6B95.655.6
Q1 2026$21.6B$19.5B99.642.9
Q2 2026$55.8B$53.5B200.081.6

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$278.9MQ2 2026
$69.7M$139.4M$209.2M$278.9MQ3 2023: $88.9MQ4 2023: $113.1MQ1 2024: $109.7MQ2 2024: $138MQ3 2024: $134.8MQ4 2024: $158.9MQ1 2025: $181.8MQ2 2025: $209.9MQ3 2025: $211.9MQ4 2025: $208MQ1 2026: $217.3MQ2 2026: $278.9MQ3 2023Q2 2026
Net income$171.1MQ2 2026
$42.8M$85.5M$128.3M$171.1MQ3 2023: $22.6MQ4 2023: $32.3MQ1 2024: $33.2MQ2 2024: $55MQ3 2024: $57.3MQ4 2024: $64.5MQ1 2025: $78.1MQ2 2025: $94.3MQ3 2025: $70.4MQ4 2025: $89.7MQ1 2026: $126MQ2 2026: $171.1MQ3 2023Q2 2026
EBITDA$108MQ2 2026
$27M$54M$81M$108MQ3 2023: $25.4MQ4 2023: $35.4MQ1 2024: $39.1MQ2 2024: $63.5MQ3 2024: $63.2MQ4 2024: $59.3MQ1 2025: $83MQ2 2025: $101.7MQ3 2025: $79.5MQ4 2025: $97.1MQ1 2026: $99.1MQ2 2026: $108MQ3 2023Q2 2026
Free cash flow$82.7MQ2 2026
$30.4M$60.8M$91.2M$121.6MQ3 2023: $22.8MQ4 2023: $32.4MQ1 2024: $29MQ2 2024: $58.9MQ3 2024: $57.5MQ4 2024: $52.7MQ1 2025: $19.2MQ2 2025: $121.6MQ3 2025: $64.1MQ4 2025: $57MQ1 2026: $78.1MQ2 2026: $82.7MQ3 2023Q2 2026
EPS$0.14Q2 2026
$0.03$0.07$0.1$0.14Q3 2023: $0.02Q4 2023: $0.03Q1 2024: $0.03Q2 2024: $0.05Q3 2024: $0.05Q4 2024: $0.06Q1 2025: $0.07Q2 2025: $0.08Q3 2025: $0.06Q4 2025: $0.08Q1 2026: $0.11Q2 2026: $0.14Q3 2023Q2 2026
Cash / Debt$2.2BQ2 2026
$561.9M$1.1B$1.7B$2.2BQ3 2023 · Cash: $851.9MQ3 2023 · Debt: $2.7MQ4 2023 · Cash: $854.4MQ4 2023 · Debt: $2.3MQ1 2024 · Cash: $851.4MQ1 2024 · Debt: $5.3MQ2 2024 · Cash: $870.4MQ2 2024 · Debt: $5.3MQ3 2024 · Cash: $928.6MQ3 2024 · Debt: $3.8MQ4 2024 · Cash: $1BQ4 2024 · Debt: $4.3MQ1 2025 · Cash: $1.1BQ1 2025 · Debt: $3.9MQ2 2025 · Cash: $1.2BQ2 2025 · Debt: $3.7MQ3 2025 · Cash: $1.3BQ3 2025 · Debt: $5.7MQ4 2025 · Cash: $1.3BQ4 2025 · Debt: $2.9MQ1 2026 · Cash: $2.2BQ1 2026 · Debt: $12.3MQ2 2026 · Cash: $2.2BQ2 2026 · Debt: $21.2MQ3 2023Q2 2026
CashDebt
Profitability+60.4%Q2 2026
+53.0%+105.9%+158.9%+211.8%Q3 2023 · Gross margin: +88.7%Q4 2023 · Gross margin: +32.1%Q1 2024 · Gross margin: +57.7%Q2 2024 · Gross margin: +58.0%Q3 2024 · Gross margin: +58.6%Q4 2024 · Gross margin: +54.0%Q1 2025 · Gross margin: +60.4%Q2 2025 · Gross margin: +62.8%Q3 2025 · Gross margin: +61.0%Q4 2025 · Gross margin: +211.8%Q1 2026 · Gross margin: +69.8%Q2 2026 · Gross margin: +60.4%Q3 2023 · Operating margin: +27.1%Q4 2023 · Operating margin: +28.2%Q1 2024 · Operating margin: +32.6%Q2 2024 · Operating margin: +43.0%Q3 2024 · Operating margin: +44.4%Q4 2024 · Operating margin: +34.7%Q1 2025 · Operating margin: +43.5%Q2 2025 · Operating margin: +46.4%Q3 2025 · Operating margin: +35.6%Q4 2025 · Operating margin: +44.9%Q1 2026 · Operating margin: +45.6%Q2 2026 · Operating margin: +36.6%Q3 2023 · Net margin: +25.4%Q4 2023 · Net margin: +28.6%Q1 2024 · Net margin: +30.3%Q2 2024 · Net margin: +39.9%Q3 2024 · Net margin: +42.5%Q4 2024 · Net margin: +40.6%Q1 2025 · Net margin: +43.0%Q2 2025 · Net margin: +44.9%Q3 2025 · Net margin: +33.2%Q4 2025 · Net margin: +43.1%Q1 2026 · Net margin: +58.0%Q2 2026 · Net margin: +61.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+32.8%Q2 2026
+16.4%+32.9%+49.3%+65.8%Q3 2024: +51.6%Q4 2024: +40.4%Q1 2025: +65.8%Q2 2025: +52.1%Q3 2025: +57.2%Q4 2025: +31.0%Q1 2026: +19.5%Q2 2026: +32.8%Q3 2023Q2 2026
Shares outstanding1.2BQ2 2026
305.9M611.7M917.6M1.2BQ3 2023: 1BQ4 2023: 1.2BQ1 2024: 1.1BQ2 2024: 1.2BQ3 2024: 1.1BQ4 2024: 1.1BQ1 2025: 1.1BQ2 2025: 1.1BQ3 2025: 1.2BQ4 2025: 1.1BQ1 2026: 1.2BQ2 2026: 1.2BQ3 2023Q2 2026
Valuation81.6Q2 2026
50.0100.0150.0200.0Q3 2023 · P/E: 82.8Q4 2023 · P/E: 75.8Q1 2024 · P/E: 57.2Q2 2024 · P/E: 44.1Q3 2024 · P/E: 47.8Q4 2024 · P/E: 44.7Q1 2025 · P/E: 42.5Q2 2025 · P/E: 36.6Q3 2025 · P/E: 94.4Q4 2025 · P/E: 55.6Q1 2026 · P/E: 42.9Q2 2026 · P/E: 81.6Q3 2023 · P/S: 83.2Q4 2023 · P/S: 88.6Q1 2024 · P/S: 69.4Q2 2024 · P/S: 70.9Q3 2024 · P/S: 80.6Q4 2024 · P/S: 72.8Q1 2025 · P/S: 73.1Q2 2025 · P/S: 65.7Q3 2025 · P/S: 125.2Q4 2025 · P/S: 95.6Q1 2026 · P/S: 99.6Q2 2026 · P/S: 200.0Q3 2023Q2 2026
P/EP/S
Revenue$811.6M2025
$202.9M$405.8M$608.7M$811.6M2018: $261.5M2019: $258.5M2020: $271.3M2021: $381.1M2022: $546.3M2023: $340M2024: $541.3M2025: $811.6M20182025
Net income$332.5M2025
$83.1M$166.3M$249.4M$332.5M2018: $109.6M2019: $138.8M2020: $164.2M2021: $123.3M2022: $193.3M2023: $67.1M2024: $210M2025: $332.5M20182025
EBITDA$361.2M2025
$90.3M$180.6M$270.9M$361.2M2018: $120M2019: $150.1M2020: $183.8M2021: $143.4M2022: $216.2M2023: $83.6M2024: $226.4M2025: $361.2M20182025
Free cash flow$261.2M2025
$65.3M$130.6M$195.9M$261.2M2018: $141.5M2019: $126.1M2020: $83.4M2021: $78.4M2022: $68.7M2023: $45.7M2024: $195.2M2025: $261.2M20182025
EPS$0.292025
$0.07$0.15$0.22$0.292018: $0.132019: $0.132020: $0.142021: $0.112022: $0.172023: $0.062024: $0.192025: $0.2920182025
Cash / Debt$1.3B2025
$315.3M$630.6M$945.9M$1.3B2018 · Cash: $547.4M2018 · Debt: $02019 · Cash: $1.1B2019 · Debt: $02020 · Cash: $814.3M2020 · Debt: $3.7M2021 · Cash: $759.3M2021 · Debt: $4.9M2022 · Cash: $873.2M2022 · Debt: $3.1M2023 · Cash: $854.4M2023 · Debt: $2.3M2024 · Cash: $1B2024 · Debt: $4.3M2025 · Cash: $1.3B2025 · Debt: $2.9M20182025
CashDebt
Profitability+100.0%2025
+25.0%+50.0%+75.0%+100.0%2018 · Gross margin: +69.9%2019 · Gross margin: +68.9%2020 · Gross margin: +71.4%2021 · Gross margin: +48.0%2022 · Gross margin: +45.7%2023 · Gross margin: +50.5%2024 · Gross margin: +56.9%2025 · Gross margin: +100.0%2018 · Operating margin: +44.5%2019 · Operating margin: +56.4%2020 · Operating margin: +65.7%2021 · Operating margin: +35.7%2022 · Operating margin: +38.5%2023 · Operating margin: +20.7%2024 · Operating margin: +38.8%2025 · Operating margin: +42.6%2018 · Net margin: +41.9%2019 · Net margin: +53.7%2020 · Net margin: +60.5%2021 · Net margin: +32.4%2022 · Net margin: +35.4%2023 · Net margin: +19.7%2024 · Net margin: +38.8%2025 · Net margin: +41.0%20182025
Gross marginOperating marginNet margin
Revenue growth+49.9%2025
-13.5%+10.7%+35.0%+59.2%2019: -1.1%2020: +4.9%2021: +40.5%2022: +43.3%2023: -37.8%2024: +59.2%2025: +49.9%20182025
Shares outstanding1.1B2025
284.5M568.9M853.4M1.1B2018: 847M2019: 1.1B2020: 1.1B2021: 1.1B2022: 1.1B2023: 1.1B2024: 1.1B2025: 1.1B20182025
Valuation59.82025
36.072.0108.0144.02018 · P/E: 86.12019 · P/E: 81.42020 · P/E: 84.62021 · P/E: 114.92022 · P/E: 54.42023 · P/E: 144.02024 · P/E: 54.32025 · P/E: 59.82018 · P/S: 36.12019 · P/S: 43.72020 · P/S: 51.72021 · P/S: 37.22022 · P/S: 19.32023 · P/S: 28.42024 · P/S: 21.12025 · P/S: 24.520182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $313.8M · Updated 1h ago
Dividend
¥0.39
2026-07-29

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.16$1.1B+39%6
FY 20274.61$1.7B+111%9
FY 20286.91$2.4B+198%11
FY 202920.04$7.1B+775%4
FY 203028.41$10.3B+1,174%4
Q1 20271.04$345M+59%1

Company events

6
2026-11-04EarningsActual - / Estimate 0.78-
2026-08-28EarningsActual 0.93 / Estimate 0.78Beat
2026-07-29Dividend¥0.39-
2026-04-27EarningsActual 0.72 / Estimate 0.55Beat
2026-03-30EarningsActual 0.53 / Estimate 0.57Miss
2025-10-31EarningsActual 0.41 / Estimate 0.55Miss

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering MONTAGE have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade MONTAGE perpetual futures?

Montage Technology Co., Ltd. (MONTAGE) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MONTAGE around the clock?

Yes. Unlike the underlying stock, MONTAGE perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on MONTAGE perpetuals?

Right now the MONTAGE perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MONTAGE perp price compare to the Montage Technology Co., Ltd. stock?

The venue-median MONTAGE perp mark is $32 versus a reference stock price of $32, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MONTAGE perpetual future?

A MONTAGE perpetual is a derivative that tracks the price of Montage Technology Co., Ltd. with no expiry date. It lets you take long or short exposure to Montage Technology Co., Ltd. on crypto venues, around the clock.

What is MONTAGEUSDT perpetual?

MONTAGEUSDT is the symbol most crypto exchanges use for the Montage Technology Co., Ltd. perpetual settled in USDT (Tether). It tracks the MONTAGE share price through an index, trades 24/7 with leverage and never expires.

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