Agile Media Network, Inc. (6573) AI Stock Analysis

• Market Cap: ¥2.05B
• Dividend Yield: N/A
• Average Volume (3M): 655.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: 7.13%
• EPS Growth: 56.87%
• Country: JP
• Employees: 30
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): -3.02
• Shares Outstanding: 33,685,080
• 10 Day Avg. Volume: 697,310
• 30 Day Avg. Volume: 655,326
• PEG Ratio: 0.20
• Price to Book (P/B): 5.14
• Price to Sales (P/S): 4.00
• P/FCF Ratio: -7.71
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -2.92
• Revenue Forecast (FY): ¥1.02B

• Rating: 43 Neutral
• Price Target: ¥59.00 ▼(-13.24% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily constrained by persistent operating/net losses and consistently negative free cash flow, which keep financial risk elevated despite improved leverage and a revenue recovery. Technically, the stock remains in a downtrend below major moving averages with bearish momentum, though it appears oversold. Valuation is difficult to support with a negative P/E and no dividend yield data.

Positive Factors

Revenue recovery and growth

A strong rebound in sales across 2024 and continued growth in 2025 signals restored client demand and market traction. Sustained top-line expansion provides a runway to leverage fixed costs, improve gross margins over time, and reduce reliance on external financing if the trend persists.

Improved leverage and capital structure

A meaningful reduction in leverage and declining total debt materially lowers solvency risk and interest burden. A healthier capital structure increases financial flexibility to withstand cash burn, access financing on better terms, and prioritize investments that support sustainable growth.

Lean operating base and scalability

A very small workforce alongside near-20% revenue growth suggests an asset-light, scalable advertising model. Low fixed labor overhead can enable operating leverage as revenue expands, aiding the path to profitability if client wins and efficiency persist over multiple quarters.

Negative Factors

Chronic operating and net losses

Repeated operating and net losses over multiple years indicate the core business has not reached breakeven. Persistent losses erode equity, constrain reinvestment capacity, and increase dependency on external funding or dilutive capital actions absent a durable profitability turnaround.

Consistent negative cash generation

Negative operating and free cash flow each year show losses convert into real cash burn, raising liquidity and refinancing risk. Ongoing cash deficits limit ability to invest in sales or product, force financing need, and reduce resilience to market downturns over the medium term.

Weak margins and poor returns on equity

Extremely negative margins and historically poor returns on equity show the company struggles to convert revenue into profit and shareholder value. Even with revenue growth, deep margin deficits and past negative equity hamper capital formation and long-term returns unless margins materially improve.

Agile Media Network, Inc. Business Overview & Revenue Model

Company Description

CRAVIA Inc. engages in the online advertising delivery agency; internet-based informational; internet-related system development, and seminars and events; and publishing businesses. The company also offers PRISM, a video solution; and Ambassador platform. It operates in Japan and rest of Asian regions. The company was incorporated in 2007 and is based in Tokyo, Japan.

How the Company Makes Money

Agile Media Network generates revenue through multiple streams, primarily focused on digital advertising services. The company's core revenue model includes programmatic advertising, where it earns money by facilitating automated ad placements for clients, charging fees based on impressions or clicks. Additionally, Agile Media Network monetizes its content through partnerships with various publishers and brands, allowing them to reach wider audiences. Key revenue streams also include subscription services for premium content and analytics tools that offer insights into audience behavior, thereby enhancing marketing effectiveness for clients. Strategic partnerships with technology providers and advertising agencies further bolster its earnings by expanding its service offerings and market reach.

Agile Media Network, Inc. Financial Statement Overview

Summary

Despite a strong revenue rebound in 2024 and continued growth in 2025, the company remains structurally unprofitable with operating and net losses across 2020–2025. Cash flow is a key weakness with negative operating cash flow and free cash flow every year, indicating ongoing cash burn. The balance sheet has improved via deleveraging and a stronger equity position versus earlier years, but persistent losses and poor returns keep overall financial strength weak.

Income Statement

Revenue rebounded strongly in 2024 (+57.2%) and grew again in 2025 (+9.6%), showing demand recovery. However, profitability remains very weak: the company has reported operating losses and net losses every year provided (2020–2025), with extremely negative profit levels (e.g., 2024 net margin about -74%). Gross profit also compressed sharply versus earlier years (2022–2023 were much stronger), indicating weaker pricing power and/or higher direct costs. Overall, growth is improving but losses remain structurally large.

Balance Sheet

Leverage has improved meaningfully: debt-to-equity moved from very high levels in 2020–2022 (above 2x in 2020 and 2022) to ~0.40x in 2024, alongside a much larger equity base. Total debt has also trended down from 2020–2025. The key weakness is ongoing heavy losses, which have driven very poor returns on equity in recent years (notably 2022–2024), and the history of negative equity in 2021 highlights past balance-sheet stress. Current capitalization looks more stable than earlier years, but earnings quality remains a risk to sustaining that improvement.

Cash Flow

Cash generation is a major concern: operating cash flow and free cash flow are negative in every year shown, including 2025 (operating cash flow roughly -281M; free cash flow roughly -284M). While cash burn improved substantially versus 2022–2023, the business still consumes cash rather than funding itself internally. Free cash flow has generally tracked the net loss (often around 1x of net income in magnitude), suggesting losses are translating into real cash outflows rather than being primarily non-cash. Overall, liquidity risk remains elevated without external funding or a clear profitability turn.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	498.24M	546.22M	455.00M	289.35M	447.19M	632.90M
Gross Profit	23.13M	56.10M	38.97M	123.57M	270.19M	404.42M
EBITDA	-235.04M	-276.64M	-324.34M	-467.04M	-213.00M	-725.25M
Net Income	-244.59M	-258.59M	-337.68M	-491.50M	-231.80M	-740.77M
Balance Sheet
Total Assets	771.78M	661.45M	557.57M	349.27M	437.05M	444.67M
Cash, Cash Equivalents and Short-Term Investments	368.71M	89.16M	344.12M	173.65M	349.95M	283.33M
Total Debt	153.40M	130.75M	137.00M	166.19M	203.23M	308.65M
Total Liabilities	237.60M	234.72M	214.63M	237.88M	364.01M	813.23M
Stockholders Equity	526.05M	425.19M	342.18M	116.83M	73.04M	-368.56M
Cash Flow
Free Cash Flow	0.00	-283.59M	-272.50M	-584.99M	-532.93M	-246.15M
Operating Cash Flow	0.00	-281.22M	-266.28M	-577.09M	-515.79M	-217.94M
Investing Cash Flow	0.00	-279.58M	-79.41M	-99.75M	28.91M	-32.97M
Financing Cash Flow	0.00	305.84M	516.16M	500.61M	575.79M	104.97M

Agile Media Network, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 68.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6573, the sentiment is Negative. The current price of 68 is below the 20-day moving average (MA) of 69.55, below the 50-day MA of 73.88, and below the 200-day MA of 97.14, indicating a bearish trend. The MACD of -3.66 indicates Positive momentum. The RSI at 36.19 is Neutral, neither overbought nor oversold. The STOCH value of 5.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6573.

Agile Media Network, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4196	63 Neutral	¥3.36B	76.53	―	―	9.93%	-81.98%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
7069	60 Neutral	¥3.27B	7.90	―	―	-4.44%	―
7359	51 Neutral	¥2.66B	11.54	―	―	9.46%	―
2656	46 Neutral	¥3.76B	-3.97	―	―	34.64%	8.49%
9258	46 Neutral	¥2.29B	-18.18	―	―	16.63%	-999.78%
6573	43 Neutral	¥2.05B	-7.52	―	―	7.13%	56.87%