tinyBuild Inc. (TBLD) AI Stock Analysis

• Market Cap: £43.26M
• Dividend Yield: N/A
• Average Volume (3M): 664.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: -20.54%
• EPS Growth: N/A
• Country: UK
• Employees: 300
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): <0.01
• Shares Outstanding: 397,219,330
• 10 Day Avg. Volume: 1,593,954
• 30 Day Avg. Volume: 664,240
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £6.50
• Price Target Upside: -40.91% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: 6.50p ▼(-40.91% Downside)

tinyBuild Inc. faces significant financial challenges with declining revenues and net losses impacting profitability. However, technical indicators are moderately positive, suggesting recent upward momentum in stock price. Corporate events are a bright spot, with strategic moves and strong shareholder support offering potential for future improvement.

tinyBuild Inc. Business Overview & Revenue Model

Company Description

tinyBuild, Inc. engages in the development and publishing of video games worldwide. It offers games for PC, iOS, Android, MAC, Xbox, PlayStation, 3DS, VR, Google Stadia, Nintendo Switch, Switch, and Linux. The company also organizes gaming events. tinyBuild, Inc. was founded in 2011 and is based in Bellevue, Washington.

How the Company Makes Money

tinyBuild Inc. makes money through multiple revenue streams primarily centered around the sale of its games. The company generates income from direct game sales on various platforms, including PC, console, and mobile. Additionally, tinyBuild earns revenue through partnerships with other developers, where it acts as a publisher, providing marketing, distribution, and sometimes funding in exchange for a share of the game's sales. The company also benefits from licensing agreements, where its game properties are used in merchandise, media adaptations, or other commercial endeavors. By leveraging digital distribution channels and maintaining a strong presence in the indie game market, tinyBuild maximizes its revenue potential through diverse and strategic business operations.

tinyBuild Inc. Financial Statement Overview

Summary

tinyBuild Inc. faces significant financial challenges, with declining revenues and consistent net losses impacting profitability. While the balance sheet shows some stability with low leverage, the cash flow situation remains precarious due to ongoing negative free cash flow. Strategic restructuring or revenue growth is essential for future improvement.

Income Statement

The income statement shows a challenging financial trajectory. Gross profit margin and net profit margin have been negative, indicating operational inefficiencies and high expenses relative to revenue. Revenue has been declining over the past years, with a significant drop from 2022 to 2023. Negative EBIT and EBITDA margins further highlight the profitability struggles.

Balance Sheet

The balance sheet reflects moderate stability, with a reasonable equity ratio indicative of a solid capital structure. However, declining stockholders' equity and increasing liabilities pose concerns. The debt-to-equity ratio remains low, which is a positive aspect, but overall equity has decreased notably over the years.

Cash Flow

Cash flow analysis reveals volatility, particularly in operating cash flows, which have been decreasing. Free cash flow has been negative in recent years, reflecting high capital expenditures. However, the operating cash flow to net income ratio is positive, suggesting some ability to generate cash from operations despite net losses.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	34.70M	44.66M	63.30M	52.15M	37.65M
Gross Profit	-334.00K	-22.52M	42.61M	34.04M	22.53M
EBITDA	-5.82M	-47.53M	26.50M	17.81M	13.28M
Net Income	-20.52M	-62.54M	11.54M	8.27M	4.94M
Balance Sheet
Total Assets	53.86M	69.10M	133.80M	120.35M	47.23M
Cash, Cash Equivalents and Short-Term Investments	3.09M	2.50M	26.50M	48.83M	26.31M
Total Debt	382.00K	378.00K	367.00K	538.00K	639.00K
Total Liabilities	14.98M	20.99M	22.21M	23.91M	8.47M
Stockholders Equity	39.30M	48.46M	111.63M	96.30M	38.59M
Cash Flow
Free Cash Flow	-13.05M	-21.20M	-21.91M	-12.63M	9.33M
Operating Cash Flow	6.29M	10.88M	19.26M	13.29M	16.47M
Investing Cash Flow	-16.74M	-33.31M	-41.16M	-37.66M	-7.14M
Financing Cash Flow	11.04M	-1.56M	-430.00K	46.88M	-23.00K

tinyBuild Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TBLD, the sentiment is Positive. The current price of 11 is above the 20-day moving average (MA) of 7.66, above the 50-day MA of 6.76, and above the 200-day MA of 6.04, indicating a bullish trend. The MACD of 1.19 indicates Negative momentum. The RSI at 91.90 is Negative, neither overbought nor oversold. The STOCH value of 78.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TBLD.

tinyBuild Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVPL	80 Outperform	566.24M	25.96	7.69%	0.93%	-6.90%	0.00%
FDEV	76 Outperform	150.72M	9.55	0.00%	―	1.49%	0.00%
DEVO	70 Outperform	113.88M	-24.30	-3.71%	―	10.40%	53.88%
TBLD	58 Neutral	£43.26M	―	-22.74%	―	-20.54%	―
TMG	55 Neutral	22.20M	21.49	1.34%	―	-19.00%	0.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

tinyBuild Inc. Corporate Events

tinyBuild Appoints Zeus Capital as New Adviser

tinyBuild, Inc., a prominent video games publisher and developer, has announced the appointment of Zeus Capital Limited as its new Nominated Adviser and Sole Broker. This strategic move is expected to enhance tinyBuild’s market positioning and operational efficiency, potentially benefiting stakeholders by strengthening the company’s advisory and brokerage support.

tinyBuild Appoints Zeus Capital as Nominated Adviser and Sole Broker

tinyBuild, Inc. has announced the appointment of Zeus Capital Limited as its Nominated Adviser and Sole Broker, effective immediately. This strategic move is expected to enhance tinyBuild’s market positioning and operational efficiency, potentially benefiting stakeholders by strengthening its financial advisory and brokerage capabilities.

tinyBuild Successfully Passes All AGM Resolutions

tinyBuild, Inc. announced that all resolutions were successfully passed at its Annual General Meeting, reflecting strong shareholder support. This outcome is likely to bolster tinyBuild’s strategic initiatives and reinforce its position in the video game industry, potentially benefiting stakeholders by ensuring continued focus on its growth and development goals.

tinyBuild Reports Positive Trading Update Amid Challenging Industry Conditions

tinyBuild, Inc. has announced a trading update ahead of its Annual General Meeting, revealing that sales for the first five months of the year are slightly ahead of expectations, excluding the contribution from Red Cerberus, which was sold in April 2025. Despite a challenging industry backdrop, the company is managing its catalogue effectively and investing in high-potential new IPs like Kingmakers and SAND. With cash levels in the mid-single digit millions and no borrowings, tinyBuild is focused on disciplined cash management and cost control. The company’s strong pipeline, evidenced by high wishlist rankings on Steam, positions it well for future growth, although risks remain around new launches. The Board remains confident in delivering results in line with expectations despite macroeconomic challenges and geopolitical uncertainties.

tinyBuild Announces AGM and Releases Annual Report

tinyBuild, Inc. has announced its Annual General Meeting (AGM) scheduled for June 3, 2025, in London. The company has made the notice of the AGM and its Annual Report available on its website, reflecting its commitment to transparency and stakeholder engagement. This announcement underscores tinyBuild’s ongoing efforts to maintain strong communication with its investors and stakeholders, potentially impacting its market presence and investor relations.