WeCommerce Holdings Ltd. Class A (TINY) AI Stock Analysis

• Market Cap: C$211.27M
• Dividend Yield: N/A
• Average Volume (3M): 5.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: 0.93%
• EPS Growth: 31.56%
• Country: CA
• Employees: 450
• Sector: Technology
• Sector Strength: 88
• Industry: Asset Management
• EPS (TTM): 0.00
• Shares Outstanding: 29,383,612
• 10 Day Avg. Volume: 6,429
• 30 Day Avg. Volume: 5,866
• PEG Ratio: 0.02
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 1.57
• P/FCF Ratio: 15.74
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: C$8.50 ▼(-11.46% Downside)

Tiny Ltd. shows strong technical momentum and positive corporate developments, which are significant strengths. However, financial performance challenges, particularly in profitability and valuation concerns due to a negative P/E ratio, weigh down the overall score.

Positive Factors

Recurring subscription model

A subscription-based SaaS model creates predictable, recurring revenue and higher customer lifetime value. For an e-commerce tools platform serving SMBs, this supports steady cash flow, easier forecasting, and scalable unit economics as incremental customers add low-margin incremental revenue and add-ons over time.

Improving free cash flow

Material improvement in free cash flow enhances financial flexibility to fund product development, M&A and working capital without relying solely on equity or debt. A free cash flow to net income ratio near 1 signals greater cash efficiency, supporting durable reinvestment and balance sheet strengthening.

Uplisting and strategic events

An uplisting and positive corporate developments improve liquidity, investor access and credibility with partners and customers. Combined with recent strong quarter and strategic initiatives, this can materially expand capital access and deal flow for long-term growth and inorganic expansion.

Negative Factors

Declining revenue & margins

Sustained revenue decline and falling gross margins indicate weakening market traction or pricing pressure. Negative EBIT and net margins point to structural cost or monetization challenges; without margin recovery, the business struggles to self-fund growth and justify scaling investments over the medium term.

Negative return on equity

Moderate leverage paired with negative ROE means capital deployed is not generating returns, limiting the firm's ability to attract low-cost capital. Persistently negative ROE can erode shareholder value and constrain strategic choices like R&D or acquisitions if returns don't improve.

OCF below net income

Operating cash flow underreporting net income signals earnings are not fully cash-backed and may reflect accruals or working-capital strain. This weakens the durability of reported profits and can force reliance on external financing for capex, M&A, or debt service if trends persist.

WeCommerce Holdings Ltd. Class A Business Overview & Revenue Model

Company Description

Tiny Capital is a private equity firm specializing in buyouts. The firm prefers to take both minority and majority stakes. The firm invest in all sector with primary focus on technology sector. The firm invest all around the world. The firm is based in Victoria, Canada.

How the Company Makes Money

WeCommerce Holdings generates revenue primarily through its subscription-based software services, which offer merchants access to a suite of e-commerce tools and resources. The company's key revenue streams include monthly or annual subscription fees from its software platforms, transaction fees from payment processing, and commissions from sales generated through its marketplace partners. Additionally, WeCommerce may receive revenue through strategic partnerships with other technology providers and through the sale of add-on services and features that enhance the core offerings. The company's growth strategy is further bolstered by acquiring complementary businesses that expand its service portfolio and customer base.

WeCommerce Holdings Ltd. Class A Financial Statement Overview

Summary

The company faces challenges with declining revenue and negative profitability margins, which are concerning for future growth. The balance sheet is stable with moderate leverage, but the negative return on equity needs attention. Cash flow improvements are a positive aspect, but operational efficiencies need to be enhanced to ensure sustainable growth.

Income Statement

The income statement reveals a challenging financial position with declining revenue growth and negative profit margins in the TTM period. Gross profit margin has decreased from previous years, and the company is experiencing negative EBIT and net profit margins, indicating operational inefficiencies and potential profitability issues.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, suggesting manageable leverage. However, the negative return on equity in the TTM period indicates that the company is not generating sufficient returns on shareholders' equity. The equity ratio is stable, reflecting a balanced asset structure.

Cash Flow

Cash flow analysis indicates a significant improvement in free cash flow growth, which is a positive sign. The operating cash flow to net income ratio is below 1, suggesting that operating cash flows are not fully covering net income. However, the free cash flow to net income ratio is close to 1, indicating efficient cash flow management relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	192.35M	194.23M	185.50M	153.66M	38.58M	21.28M
Gross Profit	118.36M	90.37M	84.39M	47.11M	4.99M	765.98K
EBITDA	17.82M	-3.35M	46.57M	20.73M	12.59M	17.91K
Net Income	-30.40M	-48.68M	13.94M	3.36M	-842.92K	-4.42M
Balance Sheet
Total Assets	524.42M	350.53M	392.64M	168.74M	199.52M	84.79M
Cash, Cash Equivalents and Short-Term Investments	26.72M	22.86M	27.19M	31.20M	27.37M	61.19M
Total Debt	148.45M	117.21M	131.71M	70.95M	60.20M	10.68M
Total Liabilities	251.60M	168.46M	190.08M	129.87M	90.81M	18.82M
Stockholders Equity	213.58M	174.90M	193.88M	28.53M	108.72M	65.97M
Cash Flow
Free Cash Flow	25.99M	19.38M	2.72M	15.59M	5.15M	4.82M
Operating Cash Flow	26.49M	19.90M	3.39M	19.89M	5.36M	4.87M
Investing Cash Flow	-55.14M	-8.42M	-18.51M	-28.53M	-119.45M	-9.29M
Financing Cash Flow	33.87M	-15.27M	11.48M	12.70M	80.71M	62.74M

WeCommerce Holdings Ltd. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TINY, the sentiment is Negative. The current price of 9.6 is above the 20-day moving average (MA) of 7.98, above the 50-day MA of 9.07, and above the 200-day MA of 8.04, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 30.67 is Neutral, neither overbought nor oversold. The STOCH value of 34.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TINY.

WeCommerce Holdings Ltd. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TINY	62 Neutral	C$211.27M	-7.81	-14.47%	―	0.93%	31.56%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RS	56 Neutral	C$115.59M	7.83	15.77%	17.81%	―	―
AIM	51 Neutral	C$276.13M	-150.49	0.84%	―	8.11%	97.99%
GOAT	41 Neutral	C$10.65M	-2.09	―	―	―	88.19%

WeCommerce Holdings Ltd. Class A Corporate Events

Tiny Launches US$110 Million Bond Offering and Issuer Bid to Overhaul Capital Structure

Tiny Ltd. plans to raise up to US$110 million through a private placement of fixed-rate senior secured bonds due 2031, with the option to issue an additional US$40 million subject to certain conditions, and has engaged Pareto Securities AS as global lead manager alongside a syndicate of investment banks. The company intends to use the bond proceeds to refinance existing debt, including secured convertible debentures due 2030, simplify its capital structure, reduce its cost of capital, extend its debt maturities and increase liquidity, and is launching an issuer bid to purchase and cancel up to all of the outstanding debentures in exchange for a cash premium plus share purchase warrants, subject to minimum tender and closing conditions tied to the bond offering.

The most recent analyst rating on (TSE:TINY) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on WeCommerce Holdings Ltd. Class A stock, see the TSE:TINY Stock Forecast page.

Tiny Ltd. Reports Strong Q3 2025 Results with Revenue and Strategic Growth

Tiny Ltd. reported a strong financial performance for Q3 2025, with a 16% increase in total revenue and a significant rise in recurring revenue by 72% year-over-year. The company also achieved a notable reduction in net debt to adjusted EBITDA ratio, indicating improved financial health. The sale of We Work Remotely generated substantial returns, showcasing Tiny’s effective portfolio management. Additionally, the integration of major streaming services into Serato DJ and the growth in Letterboxd users highlight Tiny’s continued expansion and innovation in its offerings. The company’s recent uplist to the Toronto Stock Exchange enhances its market visibility, and it remains focused on driving shareholder value through strategic capital deployment and organic growth.

The most recent analyst rating on (TSE:TINY) stock is a Hold with a C$10.00 price target. To see the full list of analyst forecasts on WeCommerce Holdings Ltd. Class A stock, see the TSE:TINY Stock Forecast page.