TNL Mediagene (TNMG)

Nasdaq: TNMG · Services-Advertising · filing with the SEC since 2024

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Grade5.0

◀ Past 6.6● Present 3.8▶ Future 5.0

3 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of TNL Mediagene

Nine metrics read from its own filings, by tense

Headline grade

5.0/10

◀ Past6.630% of the headline

● Present3.840% of the headline

▶ Future5.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

8.7/10

Has it survived what it has been through?

No warning events in its filings since 2024.

weight 33% of this tense · 87th percentile among 15 sector filers · read for itself

From the record

TNL Mediagene's filings since 2024 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

6.9/10

What has it actually done, year after year?

+55.6% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 69th percentile among 14 sector filers · read for its customers

From the record

TNL Mediagene's 3 filed years say what it did: revenue went from $20 million in fiscal 2022 to $48 million in fiscal 2024, up 55.6% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span55.6%top 11% of its family
the share of years revenue rosetop 11% of its family
the share of filed years with a profitbottom 7% of its family
the deepest fall from a revenue peak0.0%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.0/10

How has it treated the people who own it?

SI estimate 3.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 30th percentile among 15 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 30% of 15 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 15 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TNL Mediagene's shareholder treatment is put at 3.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 30% of 15 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

2.8/10

Is it financially healthy right now?

ROE -233%: lost 233¢ per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 33% of this tense · 28th percentile among 15 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, TNL Mediagene lost about 233 cents for every dollar of shareholders' money, and gross profitability: its products earned about 19 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 33.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 43% of its family
return on equitybottom 13% of its family
gross profit against assetsbottom 13% of its family
the share count against the year beforebottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.4/10

How strong is its position in its industry?

bottom 44% of 15 in its family; net margin -175.2%.

weight 45% of this tense · 44th percentile among 15 sector filers · read for its customers

From the record

TNL Mediagene's standing among 15 graded names in its industry family: revenue of $48 million in fiscal 2024 ranks in the bottom 32% by size; a net margin of -175.2% ranks in the bottom 10%; revenue growth of 55.6% a year over the last 2 filed years ranks in the top 10% (its annual reports).

What it rests on

revenue against the family$48.5Mbottom 32% of its family
net margin-175.2%bottom 10% of its family
three-year revenue growth55.6%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.3/10

What are the people in charge doing?

SI estimate 4.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 12 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 12 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TNL Mediagene's leadership is put at 4.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 12 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

3.1/10

How much room does it have to grow?

bottom 31% of 15 in its family for room to expand.

weight 33% of this tense · 31st percentile among 15 sector filers · read for itself

From the record

TNL Mediagene's room to grow, from the newest filed statements (fiscal 2024): cash of $4 million against debt of $9 million leaves -5.8% of its assets as net cash, bottom 30% of its family; cash from operations less capital spending is -21.2% of revenue (bottom 23%); a gross margin of 36.6% (bottom 21%); research spending of 6.3% of revenue (top 50%) (its annual report).

What it rests on

cash less debt against assets-5.8%bottom 30% of its family
cash from operations less capital spending against revenue-21.2%bottom 23% of its family
gross margin36.6%bottom 21% of its family
research spending against revenue6.3%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.5/10

What could actually drive growth from here?

top 35% of 14 in its family for growth drivers.

weight 45% of this tense · 65th percentile among 14 sector filers · read for its customers

From the record

TNL Mediagene's growth drivers, from the filed years to fiscal 2024: revenue grew 55.6% a year over the last three filed years against 55.6% over all 3, speeding up (top 46% of its family); the newest year grew 35.2% (top 18%); research spending grew 10.3% a year (top 44%); capital spending grew 30.3% a year (top 32%) (its annual reports). TNL Mediagene tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yeartop 46% of its family
the newest year's revenue growth35.2%top 18% of its family
three-year growth of research spending10.3%top 44% of its family
three-year growth of capital spending30.3%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

4.9/10

Did its newest year beat what its own record pointed to?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 12 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 12 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TNL Mediagene's expectations vs reality is put at 4.9 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 12 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TNMG · research, not advice