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Tinybeans Group Ltd. (AU:TNY)
ASX:TNY

Tinybeans Group (TNY) AI Stock Analysis

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AU:TNY

Tinybeans Group

(Sydney:TNY)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
AU$0.07
▼(-33.00% Downside)
Action:UpgradedDate:03/11/26
The score is held down primarily by weakening fundamentals (multi-year revenue decline, persistent losses, and ongoing negative free cash flow) and a deteriorating equity base despite low debt. Technicals also signal a weak trend with the price below key moving averages and negative MACD, while valuation is difficult to support due to the negative P/E and lack of dividend data.
Positive Factors
Low leverage
Near-zero debt materially reduces financing risk and interest burden, giving management flexibility to prioritize product investment or restructure operations without immediate debt-servicing pressure. This durable balance-sheet strength lengthens runway versus leveraged peers.
High gross margins
Very high gross margins reflect a digital, low-variable-cost business model where incremental user revenue largely drops to the contribution line. Sustained margins create structural upside: if operating expenses are reduced or scale returns, profitability can improve rapidly.
Improving cash burn
A meaningful reduction in operating cash burn indicates management has taken effective cost or efficiency actions. If sustained, lower cash consumption reduces the pace of external financing needs and improves the firm's ability to execute a multi-quarter turnaround.
Negative Factors
Declining revenue
Three straight years of revenue contraction signal weakening product-market fit, monetization or user engagement. Persistent top-line decline undermines operating leverage and makes sustainable profitability dependent on new products, market expansion, or a material recovery in user growth.
Persistent negative cash flow
Ongoing negative operating and free cash flow forces reliance on external funding or equity dilution and constrains the company's ability to invest in growth. Even with recent improvement, persistent cash burn is a structural risk to continuity absent durable positive cash generation.
Eroding equity
A sharp decline in shareholders' equity reflects cumulative losses and weak capital resilience. This erosion reduces the company's buffer to absorb shocks, limits strategic optionality and increases the likelihood of dilutive financings or constrained investment capacity over the medium term.

Tinybeans Group (TNY) vs. iShares MSCI Australia ETF (EWA)

Tinybeans Group Business Overview & Revenue Model

Company DescriptionTinybeans Group Limited operates private photo-sharing and journaling application in Australia. It offers advertising, photobook, and subscription services. The company was founded in 2012 and is based in Sydney, Australia.
How the Company Makes MoneyTinybeans Group has primarily generated revenue through: (1) Subscription fees: paid plans that provide premium features (e.g., enhanced storage/archiving and other app benefits) charged on a recurring basis. (2) Advertising: monetization of user engagement within its digital properties through ad placements, with revenue typically linked to impressions/clicks and audience scale. (3) Other digital/commerce-related revenue: revenue from ancillary offerings tied to the content families create in the app (e.g., paid products/services connected to storing or using photos), where specific product details are not available here and are therefore null. Partnerships or additional material revenue streams beyond these categories are null.

Tinybeans Group Financial Statement Overview

Summary
Revenue has declined for three consecutive years and the company remains unprofitable with ongoing net losses and negative free cash flow. Positives include materially reduced losses and lower operating cash burn in 2025 versus 2024, plus minimal debt, but equity has fallen sharply, weakening the capital cushion.
Income Statement
24
Negative
Revenue has been shrinking for three straight years (2025: ~4.8M vs 2024: ~5.4M vs 2023: ~8.4M), signaling continued pressure on scale. Profitability remains weak with persistent operating losses and net losses every year shown, although losses narrowed materially in 2025 versus 2024 (net loss improved from ~-4.5M to ~-2.3M). Gross margin is very strong in recent years (near ~87–100%), but the company is still not converting that into sustainable earnings due to high operating costs.
Balance Sheet
46
Neutral
Leverage is a clear positive: total debt is effectively zero in recent years and debt-to-equity is 0.0, reducing balance-sheet risk. However, equity has fallen sharply over time (from ~13.7M in 2022 to ~1.6M in 2025), reflecting ongoing losses and weakening capital cushion. Returns on shareholders’ capital are deeply negative across the period, consistent with a business still searching for a profitable operating model.
Cash Flow
18
Very Negative
Cash generation is a key weakness: operating cash flow and free cash flow are negative in every year provided, indicating ongoing cash burn. There was improvement in 2025 versus 2024 (operating cash burn reduced from ~-3.0M to ~-1.7M), but free cash flow deteriorated versus the prior year on a growth basis and remains meaningfully negative. With losses and negative free cash flow persisting, the company likely relies on external funding or cash reserves to sustain operations.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue7.63M4.82M5.41M8.44M10.90M8.12M
Gross Profit2.57M4.21M5.41M8.44M9.99M7.70M
EBITDA-902.23K-1.83M-3.76M-6.14M-3.73M-2.56M
Net Income-1.58M-2.27M-4.50M-6.77M-6.24M-3.23M
Balance Sheet
Total Assets11.47M3.40M5.63M4.76M12.01M17.99M
Cash, Cash Equivalents and Short-Term Investments2.80M1.71M3.39M1.55M4.21M2.23M
Total Debt0.000.000.000.000.00127.84K
Total Liabilities6.34M1.81M2.15M2.87M3.76M5.07M
Stockholders Equity5.12M1.59M3.48M4.28M13.70M12.92M
Cash Flow
Free Cash Flow378.82K-1.65M-3.08M-3.90M-4.47M-2.18M
Operating Cash Flow-597.93K-1.65M-3.02M-3.24M-3.87M-1.49M
Investing Cash Flow-1.16M-904.89K-66.61K-636.93K-425.83K-128.35K
Financing Cash Flow1.58M0.004.89M133.15K5.41M-11.35K

Tinybeans Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.10
Price Trends
50DMA
0.09
Negative
100DMA
0.10
Negative
200DMA
0.10
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
41.42
Neutral
STOCH
90.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TNY, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.42 is Neutral, neither overbought nor oversold. The STOCH value of 90.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TNY.

Tinybeans Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
AU$4.86M5.4962.59%55.56%-5.51%38.41%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
52
Neutral
AU$59.15M-4.52-150.45%0.72%17.24%
46
Neutral
AU$112.09M-2.42-550.33%12.82%-987.50%
45
Neutral
AU$32.55M-2.8212.70%71.21%
45
Neutral
AU$24.26M-2.39-31.81%-12.00%-95.07%
42
Neutral
AU$12.83M-3.88-89.43%-10.12%66.90%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TNY
Tinybeans Group
0.07
>-0.01
-1.41%
AU:RNT
Rent.com.au Ltd
0.05
0.03
168.42%
AU:RMY
RMA Global Ltd.
0.05
0.01
40.00%
AU:CHL
Camplify Holdings Ltd.
0.30
-0.15
-32.95%
AU:ART
Airtasker Ltd
0.23
-0.07
-23.33%
AU:LVE
Love Group Ltd
0.12
0.02
14.29%

Tinybeans Group Corporate Events

Tinybeans boosts subscriptions, reaps Qeepsake gains in profit-focused half
Feb 25, 2026

Tinybeans Group reported a stronger first half of FY26, driven by a sharp rise in higher-margin recurring subscription revenue, now 67% of total, and a 425% surge in photobook sales following the integration of newly acquired Qeepsake. The company cut operating expenses by 31%, lifted Adjusted EBITDA by 80%, and nearly doubled paid subscribers to 96,000, signalling a shift toward a more durable, capital-efficient growth model.

The Qeepsake acquisition has been immediately accretive, operating EBITDA and cash-flow positive while adding a user base that is highly engaged in structured memory keeping and physical product purchases. With Qeepsake CEO Tracy Cho stepping in as Tinybeans’ interim chief executive and strategy increasingly focused on the U.S. market, the group is positioning itself to capitalise on rising demand for private, secure digital environments for family memories, potentially strengthening its competitive standing and earnings quality over the longer term.

The most recent analyst rating on (AU:TNY) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Tinybeans Group stock, see the AU:TNY Stock Forecast page.

Tinybeans Appoints Rebecca White to Board with No Initial Shareholding
Feb 25, 2026

Tinybeans Group Limited has appointed Rebecca White as a director of the company, effective 23 February 2026, marking a change in the composition of its board. According to the initial director’s interest notice lodged with the ASX, White holds no relevant interests in Tinybeans securities and has no disclosed interests in related contracts, indicating she joins the board without an equity stake at this time.

The most recent analyst rating on (AU:TNY) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Tinybeans Group stock, see the AU:TNY Stock Forecast page.

Tinybeans Discloses Director Zsofi Paterson’s Exit and Indirect Shareholding
Feb 25, 2026

Tinybeans Group Limited has announced the cessation of Zsofi Paterson as a director, effective 23 February 2026, formalising the change in its board composition. The company disclosed that Paterson does not hold Tinybeans securities directly, but has an indirect relevant interest in 202,005 ordinary shares held through Consequi Pty Ltd as trustee for the Bean Trust, where she is a director, shareholder and beneficiary.

The disclosure clarifies that Paterson has no relevant interests in any contracts related to Tinybeans securities. This update provides investors and regulators with transparency on the outgoing director’s remaining indirect equity stake and ensures ongoing compliance with ASX director interest reporting requirements.

The most recent analyst rating on (AU:TNY) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Tinybeans Group stock, see the AU:TNY Stock Forecast page.

Tinybeans Issues USD 1.5m in New Unquoted Performance Rights
Feb 25, 2026

Tinybeans Group Ltd has notified the market of the issue of 1,500,000 new unquoted securities in the form of consideration performance rights valued at USD 1.5 million. The securities, which form a new unquoted class not intended for ASX quotation, were issued on 25 February 2026 under a previously announced transaction, signalling a significant equity-based consideration arrangement that may affect the company’s capital structure and stakeholder incentives.

The issuance of these performance rights indicates Tinybeans is using equity instruments to satisfy transaction-related obligations or reward performance, rather than cash. This approach can conserve cash resources while potentially aligning key stakeholders’ interests with long-term company performance, although it also introduces additional unquoted equity into the capital base that existing investors may monitor for future dilution or conversion impacts.

The most recent analyst rating on (AU:TNY) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Tinybeans Group stock, see the AU:TNY Stock Forecast page.

Tinybeans Reshapes Leadership to Drive U.S. Growth Push
Feb 22, 2026

Tinybeans has reshaped its leadership team to align more closely with its U.S.-centric growth strategy, appointing U.S.-based digital media veteran Tracy Cho as interim chief executive after the resignation of managing director and CEO Zsofi Paterson. Cho, who previously led Qeepsake and steered its sale to Tinybeans, brings deep experience in scaling American consumer media brands and diversifying revenue across advertising, commerce and partnerships.

CFO Rebecca White has also joined the board as an executive director, bolstering financial governance and capital management as the group pursues expansion in its core U.S. market. With roughly 98% of revenue and 84% of users already in the United States and the Qeepsake acquisition nearly doubling its U.S. presence, the refreshed leadership is intended to accelerate monetisation, audience growth and strategic partnerships in what the company views as its primary engine for long-term shareholder value.

The most recent analyst rating on (AU:TNY) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Tinybeans Group stock, see the AU:TNY Stock Forecast page.

Tinybeans’ Qeepsake Deal Drives Surge in Revenue, Subscribers and E-Commerce Sales
Jan 28, 2026

Tinybeans reported a step-change in performance for the December quarter of FY26, underpinned by its strategic acquisition of U.S. family journaling platform Qeepsake, which has rapidly boosted revenue, subscriptions and e-commerce sales. Quarterly revenue rose 32% year-on-year to US$1.71 million, driven by a 43% increase in premium subscription revenue to US$1.15 million and a more than 500% surge in photo store and physical product revenue to US$336,000, while paid subscribers doubled quarter-on-quarter to 96,000 and monthly active users reached 860,000. Tight cost control pushed operating expenses down 18%, delivering a 73% improvement in EBITDA to a near break-even loss of US$0.11 million, positive operating cash flow and a stronger cash position following a rights issue, positioning the enlarged group as a more scalable, capital-efficient player in the digital family memory market with enhanced monetisation prospects for both subscriptions and physical products.

Tinybeans Calls February General Meeting to Approve Executive Equity Issuances
Jan 14, 2026

Tinybeans Group Limited has called a general meeting of shareholders for 12 February 2026 in Sydney, where investors will vote on ratifying previously issued consideration shares and approving the issuance of performance rights and options to key executives, including the managing director, under relevant ASX listing rules. The resolutions, which relate to equity-based consideration and executive incentives, are likely to shape Tinybeans’ capital structure and align management rewards with shareholder interests, signalling a continued focus on incentivising leadership as the company pursues growth in its global family-focused subscription platform business.

Tinybeans Issues 5 Million New Shares to Support Entitlement Offer
Dec 19, 2025

Tinybeans Group has issued 5,000,000 fully paid ordinary shares at A$0.10 each to sub-underwriters of its recently announced entitlement offer, providing additional equity capital and support for the offer structure. The company confirmed the new shares were issued without a disclosure document under the Corporations Act but stated it remains compliant with its continuous disclosure and financial reporting obligations and has no excluded information, signalling regulatory transparency for investors and stabilising conditions for existing shareholders.

Tinybeans Seeks ASX Quotation for 5 Million New Shares
Dec 19, 2025

Tinybeans Group Ltd has applied to the ASX for quotation of 5,000,000 new ordinary fully paid shares under its ticker TNY, effective 19 December 2025. The additional securities, issued under a previously announced transaction, will expand the company’s quoted share base, potentially enhancing liquidity for investors and providing additional capital flexibility to support its ongoing corporate and strategic initiatives.

Tinybeans Director Increases Indirect Shareholding Through Entitlement Offer
Dec 19, 2025

Tinybeans Group has disclosed a change in director Zsofi Paterson’s interests, with her indirect shareholding increasing through participation in the company’s recent capital raising. Paterson acquired 35,338 additional ordinary shares via the pro rata non-renounceable entitlement offer announced in November, lifting her indirect holding to 202,005 shares while retaining 3 million options, signaling continued board-level support for the company’s equity structure and capital management initiatives.

Tinybeans Director Increases Stake Through Entitlement Offer
Dec 19, 2025

Tinybeans Group Limited has disclosed a change in director James Warburton’s indirect holdings following his participation in the company’s pro rata non-renounceable entitlement offer announced in November 2025. Through Zahu Pty Ltd as trustee for the Warburton family account, Warburton acquired 105,390 additional ordinary shares for A$10,539, lifting his indirect shareholding to 600,722 ordinary shares while his option holdings remain unchanged. The move signals continued support from the director for the company’s latest capital-raising initiative and modestly increases insider ownership, which may be viewed positively by investors monitoring governance alignment and commitment to Tinybeans’ strategic direction.

Tinybeans Group Submits Quotation Application for Over 11 Million New Securities
Dec 18, 2025

Tinybeans Group Ltd, an entity listed on the Australian Securities Exchange (ASX) under the issuer code TNY, has submitted an application for the quotation of 11,343,955 fully paid ordinary securities on December 18, 2025. This issuance is linked to prior transactions disclosed in earlier market announcements and aligns with ASX Appendix 3B requirements, suggesting planned expansions or capital management strategies that may have significant implications for the company’s stakeholders.

Tinybeans Completes Entitlement Offer, Raises A$1.7 Million
Dec 16, 2025

Tinybeans Group Limited has completed its Entitlement Offer, raising approximately A$1.7 million, which includes A$1.1 million from eligible shareholders and A$500,000 underwritten by Morgans Corporate Limited and sub-underwritten by Thorney Investment Group. The funds will support working capital and growth initiatives, including the integration of Qeepsake features. The shortfall of A$1.8 million is expected to be placed within three months, potentially increasing Thorney Investment Group’s voting power to 31.037%.

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.Date of analysis: Mar 11, 2026