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TNL Mediagene
(NASDAQ:TNMG)
TNL Mediagene (TNMG) vs. SPDR S&P 500 ETF (SPY)
TNL Mediagene Business Overview & Revenue Model
TNL Mediagene Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 49.67M | 48.49M | 35.84M | 20.01M |
| Gross Profit | 16.54M | 17.74M | 12.65M | 7.74M |
| EBITDA | -73.81M | -73.92M | 1.33M | -10.01M |
| Net Income | -83.41M | -85.00M | -804.98K | -11.01M |
Balance Sheet | ||||
| Total Assets | 86.05M | 92.92M | 119.62M | 26.53M |
| Cash, Cash Equivalents and Short-Term Investments | 1.90M | 3.65M | 3.03M | 3.91M |
| Total Debt | 20.24M | 23.14M | 17.59M | 6.71M |
| Total Liabilities | 51.19M | 56.51M | 47.25M | 50.67M |
| Stockholders Equity | 34.86M | 36.40M | 72.62M | -25.30M |
Cash Flow | ||||
| Free Cash Flow | -11.21M | -10.30M | -1.68M | -1.04M |
| Operating Cash Flow | -11.13M | -10.21M | -1.42M | -760.11K |
| Investing Cash Flow | 719.29K | 947.95K | 252.74K | -2.36M |
| Financing Cash Flow | 9.21M | 10.00M | 530.97K | 4.99M |
TNL Mediagene Technical Analysis
TNL Mediagene Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
41 Neutral | $2.72M | -0.05 | ― | ― | -62.46% | -12.90% | |
38 Underperform | $5.65M | -0.05 | -164.27% | ― | 4.59% | -920.35% | |
38 Underperform | $4.05M | -1.46 | -50.26% | ― | -66.59% | 67.63% | |
31 Underperform | $4.28M | -1.19 | -194.72% | ― | -11.51% | 74.52% |
TNL Mediagene Corporate Events
On December 19, 2025, TNL Mediagene announced it will implement a 1-for-20 share consolidation of its ordinary shares, following shareholder approval on December 2, 2025 and board approval of the final ratio on December 9, 2025. The reverse split, which is expected to take effect for trading on a split-adjusted basis on the Nasdaq Capital Market on December 23, 2025 under the same ticker “TNMG” with a new CUSIP, will reduce the number of outstanding ordinary shares from 51,115,851 to approximately 2,555,793, with fractional shares rounded up and all shareholders’ percentage ownership largely preserved. The move is aimed at lifting the company’s per-share trading price to restore compliance with Nasdaq’s $1.00 minimum bid requirement and to broaden its appeal among institutional investors, while triggering proportional adjustments to the exercise or conversion terms of outstanding warrants, earnout shares, equity awards, and other equity instruments, signaling an effort to stabilize its listing status and strengthen its capital markets profile.
On December 8, 2025, TNL Mediagene amended its securities purchase agreement with 3i, LP, issuing a second tranche convertible note valued at $1,666,667. This amendment introduces revised terms for future note issuances, including an 18-month maturity, no installment payments for the first six months, and a cap on acceleration linked to trading volume. Additionally, TNL Mediagene issued a five-year warrant to purchase ordinary shares, exercisable under specific conditions, further solidifying its financial strategy and potentially impacting its market positioning and investor relations.
On December 5, 2025, TNL Mediagene announced the results of its Annual General Meeting of Shareholders held on December 2, 2025. The meeting, initially convened on November 25, 2025, saw all proposals approved, including an increase in authorized share capital, amendments to the company’s memorandum and articles of association, and the election of new directors. These changes are expected to impact the company’s governance and operational strategies, potentially influencing its market positioning and stakeholder interests.
TNL Mediagene, a company operating in the media industry, announced a change in its certifying accountant. On October 9, 2025, PricewaterhouseCoopers, Taiwan, declined to stand for re-election as the independent registered public accounting firm for the company. Subsequently, on November 20, 2025, TNL Mediagene appointed Marcum Asia CPAs LLP as its new independent registered public accounting firm. This change follows a careful evaluation process and was approved by the audit committee of the board of directors. The transition is significant as it addresses material weaknesses in the company’s internal controls over financial reporting, which were noted in previous fiscal years.
TNL Mediagene announced its upcoming Annual General Meeting of Shareholders, scheduled for November 25, 2025, where key proposals will be voted on, including a significant increase in authorized share capital from $50,000 to $500,000. This increase aims to provide flexibility for future capital raising and corporate purposes, supporting the company’s M&A roll-up strategy and digital asset treasury initiatives. The adoption of an Amended and Restated Memorandum and Articles of Association is also proposed to modernize the company’s constitutional documents, reflecting current laws and market practices.
On October 7, 2025, TNL Mediagene announced its unaudited financial results for the first half of fiscal year 2025, showing a 5.7% increase in revenue to $21.8 million compared to the same period in 2024. The company improved its operating margin and reduced its net loss by 27.2%. TNL Mediagene has also reduced its outstanding debt by $5 million and is focusing on expanding its media properties into new language markets, enhancing AI-driven performance initiatives, and strengthening its leadership team. The company is committed to enhancing its capital markets presence and pursuing strategic partnerships to drive growth.