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MARKETS / NASDAQ / TNMG
NASDAQ · SERVICES-ADVERTISING · SMALL CAP

TNL Mediagene TNMG

3 fiscal years on record · USD · FY2024 reported · SEC filings only
$48.5M
▲ 35.3% YoY
$-85.0M
$-10.3M
In brief

What this company does

TNL Mediagene is a digital media and technology company operating multi-language news, lifestyle, and tech brands across Asia, and providing AI-driven advertising, data analytics, e-commerce, and marketing technology solutions. The company operates digital media, technology and digital studio businesses primarily in Japan and Taiwan. For the years ended December 31, 2023, 2024 and 2025, the company recorded $15.4 million, $20.5 million and $18.7 million of revenue, respectively, from its digital studio business. For the twelve months ended March 31, 2026, its 26 digital media brands across five content categories reached over 36 million average monthly unique users, in three languages, Japanese, Chinese and English, with over 216 million average monthly digital footprints across websites, social-media platforms and mobile apps. The company's data analytics and AI-powered technology underpins its digital media and digital studio operations, enabling more efficient content production and targeted advertising delivery, and it has represented over 850 regional and global advertising clients across diverse industries.

Written from the business description in TNL Mediagene's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
USD 48.5M
Revenue, FY2024 · full 3-year series below
Revenue $M Net income $M
FY2024 · Revenue 48.5 · Net income -85.0
20M40M-40M-80M202220232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−175 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -157.4% · Net -175.2%
-50%-100%-150%202220232024
ROE
FY2024 · ROE -155.9%
-50%-100%-150%202220232024

Each USD of equity lost 156 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -10.3
-4M-8M202220232024

Total assetsUSD 92.9M
EquityUSD 36.4M
CashUSD 3.6M
Gross debtUSD 9.0M
Net debtUSD 5.4M
Current ratio0.54×

Net debt stands at 15% of equity.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202420232022
Revenue $B0.00.00.0
Operating income $B−0.1−0.0−0.0
EBITDA $B−0.1−0.0·
Income tax $B−0.0−0.0−0.0
Net income $B−0.1−0.0−0.0
Free cash flow $B−0.0−0.0−0.0
EPS, diluted $−3.46−0.04−1.20
Dividend / sh $···
Payout %···
ROE %−155.9−1.1·
Shares out B0.030.020.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 13 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 82 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Advertising
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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