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TNMG on Nasdaq

TNL Mediagene

TNL Mediagene is a multinational media holding company.1 Its shares trade on Nasdaq under the symbol TNMG.1

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Last updated Oct 21, 2026.

Overview

Compare with Direct Digital Holdings, Inc., IZEA Worldwide, Inc. or Inuvo, Inc., or pick any stock.

  • TickerTNMG on Nasdaq1
  • IndustryServices-Advertising1
  • HeadquartersE91
  • Websitewww.tnlmediagene.com
  • Incorporated inCayman Islands3
  • Business address5F-1, No.88, Yanchang Road, Xinyi District, Taipei City3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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TNL Mediagene image from its website
Image: tnlmediagene.com4

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

36.6%Gross margin5
-157.4%Operating margin5
-175.2%Net margin5
35.3%Revenue growth, 20245
-233.4%Return on equity5
0.13×Debt to equity5
-$10.3MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Digital Studio brought in 41% of the revenue TNL Mediagene broke down this way in fiscal 2025.

  1. Digital Studio$18.7M641%down 9% from 2024
  2. Technology$13.5M630%down 5% from 2024
  3. Media And Branded Content$12.9M629%down 6% from 2024
Products and services by year
Products and services202320242025
Digital Studio$15.4M$20.5M$18.7M
Technology$10.6M$14.2M$13.5M
Media And Branded Content$9.8M$13.7M$12.9M

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue29¢$30.8M
  • Research and development3¢$3.1M
  • Selling, general and admin59¢$62.0M
  • Interest8¢$8.2M
  • Income tax0¢$307.2K

Out of $48.5M in revenue.5 The company lost money this year.

Financial statements

Revenue5$48.5M in 2024+142% since 2022
0$20.0M$40.0M$60.0M2022: $20.0M$20.0M20222023: $35.8M$35.8M2023+79%2024: $48.5M$48.5M2024+35%
Gross profit5$17.7M in 2024+129% since 2022
0$5.0M$10.0M$15.0M$20.0M2022: $7.7M$7.7M20222023: $12.7M$12.7M2023+63%2024: $17.7M$17.7M2024+40%
Operating income5-$76.3M in 2024+2134% since 2022
-$80.0M-$60.0M-$40.0M-$20.0M02022: -$3.4M-$3.4M20222023: -$7.4M-$7.4M2023+116%2024: -$76.3M-$76.3M2024+932%
Net income5-$85.0M in 2024+646% since 2022
-$100.0M-$75.0M-$50.0M-$25.0M02022: -$11.4M-$11.4M20222023: -$1.2M-$1.2M2023−89%2024: -$85.0M-$85.0M2024+6889%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenue$45.0M$48.5M$35.8M
Cost of revenue-$31.0M-$30.8M-$23.2M
Gross profit$14.0M$17.7M$12.7M
Sales, general and administrative expenses-$21.2M-$62.0M-$16.4M
Research and development expenses-$3.1M-$3.1M-$3.3M
Impairment loss on intangible assets-$39.2M-$29.0M-$298.4K
Operating loss-$49.6M-$76.3M-$7.4M
Interest income$18.6K$21.8K$19.3K
Other income$410.4K$58.0K$409.6K
Other gains and losses$486.9K-$851.7K$5.5M
Finance costs-$927.6K-$8.2M-$299.0K
Loss before income tax-$49.6M-$85.3M-$1.8M
Income tax benefit$5.0M$307.2K$591.1K
Loss for the year-$44.6M-$85.0M-$1.2M
Unrealized gain on valuation of financial assets at fair value through other comprehensive income-$70.0K$10.3K
Income tax effect on components that will not be reclassified to profit and loss$5.2K-$2.8K
Component of other comprehensive income (loss) that will not be reclassified to profit and loss-$64.8K$7.5K
Exchange differences on translation of foreign operations$112.3K-$210.2K-$41.6K
Components of other comprehensive income (loss) that will be reclassified to profit or loss$112.3K-$210.2K-$41.6K
Other comprehensive loss, net of income tax$47.5K-$202.7K-$41.6K
Total comprehensive loss for the year-$44.5M-$85.2M-$1.3M
Owners of the parent-$44.6M-$85.0M-$805.0K
Non-controlling interests-$6.0K$28.0K-$410.8K
Profit (loss)-$44.6M-$85.0M-$1.2M
Owners of the parent-$44.5M-$85.2M-$837.7K
Non-controlling interests-$5.8K$10.7K-$419.7K
Loss per share basic (in Dollars per share)-$25.91-$69.27-$0.87
Loss per share diluted (in Dollars per share)-$25.91-$69.27-$0.87

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Corporate structure

TNL Mediagene sits at the top of its group. 1 entity, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TNL Mediagene

  • Goldman Sachs Filed SCHEDULE 13G on TNL Mediagene, latest Feb 9, 2026
  • TNL Mediagene E9
    • The News Lens Owned · Taiwan

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TNL Mediagene reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$430.8K5 Dec 31, 2024$537.0K5 Dec 31, 2023−19.8%
Operating-lease assets (leased space)$5.2M5 Dec 31, 2024$6.1M5 Dec 31, 2023−15.6%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$2.4M5 Dec 31, 2024

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.6M5 Dec 31, 2024$3.0M5 Dec 31, 2023+20.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$34.0M5 Dec 31, 2024$60.7M5 Dec 31, 2023−44.1%
Intangible assets, net (excluding goodwill)$31.0M5 Dec 31, 2024$33.4M5 Dec 31, 2023−7.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$87.8K5 Dec 31, 2024$115.6K5 Dec 31, 2023−24.0%

Stakes and holdings (Wikidata)

  • TNL Mediagene Inc.
  • The News Lens

Things Wikidata records the company as owning, with the share when stated.1

Subsidiaries and ownership

Also owns

  • TNL Mediagene Inc.
  • The News Lens

From Wikidata.1

Timeline

  1. Dec 6, 2024Went public Listed on NASDAQ1

Filings

78 filings to the SEC since October 2021: 2 annual reports, 1 large holders, 75 other. The latest 20:

  1. Oct 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Aug 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Aug 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Jul 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jun 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Jun 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Apr 30, 202620-F ANNUAL REPORT EDGAR
  11. Apr 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Mar 18, 2026424B3 PROSPECTUS EDGAR
  13. Mar 13, 2026EFFECT EDGAR
  14. Mar 11, 2026CORRESP EDGAR
  15. Mar 10, 2026UPLOAD EDGAR
  16. Mar 3, 2026F-1 REGISTRATION STATEMENT EDGAR
  17. Feb 9, 2026SCHEDULE 13G EDGAR
  18. Jan 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Dec 29, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Dec 19, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 78 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TNL Mediagene is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTNL Mediagene2
  • CIK0002013186
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company8
  • Incorporated inCayman Islands8
  • Fiscal year endsDecember 312
  • Industry code (SIC)7310 Services-Advertising2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address5F-1, No.88, Yanchang Road, Xinyi District, Taipei City, Taiwan2
  • Phone886-2-6638-51082
  • Shares outstanding2,556,405 shares as of Dec 31, 20258
  • AuditorMarcum Asia CPAs LLP, New York, New York PCAOB ID 5395; no auditor attestation of internal control over financial reporting8
  • On EDGAR sinceJun 13, 20242
  • Filings78 in all: 6-K (32), CORRESP (8), UPLOAD (7), 424B3 (5), EFFECT (5), F-1/A (4), F-4/A (4), F-1 (3)2
    All 17 form types

    20-F (2), 6-K/A (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS (1), F-4 (1), POS AM (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value $0.002 per shareTNMGNasdaq Stock Market

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).8

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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    Company websiteTNL Mediagene photo
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