TNL Mediagene (TNMG) Balance Sheet
TNMG balance sheet, 2025
December 31, 2025 · U.S. dollars$49.9M assets = $49.0M liabilities + $918,088 equity
Both columns are drawn to the same scale: what TNMG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TNMG financial health
Descriptive bands, not a rating. Fiscal 2025.
TNMG balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $26.5M2022 | $49.9M2025 | +23.5%/yr | |
| Total liabilities | $50.7M2022 | $49.0M2025 | −1.1%/yr | |
| Shareholders’ equity | −$25.3M2022 | $919,2552025 | — | |
| Cash & short-term investments | $3.9M2022 | $2.9M2025 | −9.4%/yr | |
| Total debt | $6.7M2022 | $21.6M2025 | +47.7%/yr | |
| Net cash (debt) | −$2.8M2022 | −$18.7M2025 | −$15.9M | |
| Working capital | −$34.8M2022 | −$17.5M2025 | +$17.3M | |
| Book value per share | −$162.292022 | $4.282025 | — | |
| Current ratio | 0.242022 | 0.502025 | +0.26 | |
| Debt / equity | 0.242023 | 23.522025 | +23.28 | |
| Shares outstanding | 156K2022 | 215K2025 | +11.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TNMG assets
TNMG liabilities and equity
TNMG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TNMG balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $2.9M | $3.6M | $3.0M | $3.9M |
| Cash & equivalents | $1.9M | $3.6M | $3.0M | $3.7M |
| Short-term investments | $983,038 | $46,596 | $47,216 | $179,095 |
| Receivables | $13.2M | $12.4M | $12.8M | $6.5M |
| Inventory | $80,531 | $87,828 | $115,624 | $1,306 |
| Other current assets | $1.4M | $1.6M | $937,936 | $627,595 |
| Total current assets | $17.6M | $17.7M | $16.9M | $11.1M |
| Property, plant & equipment (net) | $4.2M | $5.6M | $6.7M | $781,713 |
| Goodwill & intangible assets | $24.3M | $64.9M | $94.1M | $14.2M |
| Long-term investments | $211,593 | $148,925 | $156,774 | $113,969 |
| Other non-current assets | $3.6M | $4.5M | $1.8M | $397,091 |
| Total assets | $49.9M | $92.9M | $119.6M | $26.5M |
| Liabilities | ||||
| Accounts payable | $5.5M | $4.9M | $4.9M | $2.1M |
| Short-term debt | $14.8M | $12.7M | $9.5M | $3.5M |
| Deferred revenue | $1.4M | $578,219 | $988,753 | $680,723 |
| Total current liabilities | $35.0M | $33.0M | $24.9M | $45.9M |
| Long-term debt | $3.5M | $6.3M | $3.1M | $2.9M |
| Lease obligations | $3.8M | $5.0M | $6.0M | $710,317 |
| Other long-term liabilities | $10.4M | $17.2M | $19.2M | $1.9M |
| Total liabilities | $49.0M | $56.5M | $47.2M | $50.7M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $5,112 | $2,613 | $21,882 | $8,329 |
| Retained earnings (deficit) | −$160.9M | −$117.2M | −$32.2M | −$31.4M |
| Accumulated other comprehensive income | $195,819 | −$1.1M | −$803,913 | −$47,227 |
| Minority interest | −$1,167 | $4,624 | −$252,706 | $1.2M |
| Total shareholders' equity | $919,255 | $36.4M | $72.6M | −$25.3M |
| Key figures | ||||
| Total debt | $21.6M | $23.1M | $17.6M | $6.7M |
| Net cash (debt) | −$18.7M | −$19.5M | −$14.6M | −$2.8M |
| Working capital | −$17.5M | −$15.3M | −$8.0M | −$34.8M |
| Tangible book value | −$23.4M | −$28.5M | −$21.5M | −$39.5M |
| Book value per share | $4.28 | $237.31 | $465.78 | −$162.29 |
| Shares outstanding | 215K | 153K | 156K | 156K |
| Current ratio | 0.50 | 0.54 | 0.68 | 0.24 |
| Quick ratio | 0.46 | 0.49 | 0.63 | 0.23 |
| Debt / equity | 23.52 | 0.64 | 0.24 | — |
| Equity / assets | 1.8% | 39.2% | 60.7% | −95.4% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $2.9M | $2.9M | $1.9M | $1.9M | $3.7M | $3.2M | $3.0M | $3.1M |
| Cash & equivalents | $1.9M | $1.9M | $1.6M | $1.6M | $3.6M | $3.1M | $3.0M | $3.0M |
| Short-term investments | $983,038 | $983,038 | $284,652 | $284,652 | $46,596 | $63,003 | — | $47,216 |
| Receivables | $13.2M | $7.1M | $6.6M | $6.6M | $8.2M | $7.1M | $6.7M | $12.8M |
| Inventory | $80,531 | $80,531 | $80,831 | $80,831 | $87,828 | $135,672 | $135,672 | $115,624 |
| Other current assets | $1.4M | $7.5M | $1.9M | $1.9M | $5.7M | $680,277 | $1.3M | $890,720 |
| Total current assets | $17.6M | $17.6M | $10.4M | $10.4M | $17.7M | $11.1M | $11.1M | $16.9M |
| Property, plant & equipment (net) | $4.2M | $4.2M | $5.5M | $5.5M | $5.6M | $5.6M | $5.6M | $6.7M |
| Goodwill & intangible assets | $24.3M | $24.3M | $65.0M | $65.0M | $64.9M | $92.5M | $92.5M | $94.1M |
| Long-term investments | $0 | $211,593 | $0 | $0 | $693,786 | $456,764 | $0 | $156,774 |
| Other non-current assets | $3.8M | $3.6M | $5.1M | $5.1M | $3.9M | $1.3M | $1.8M | $1.8M |
| Total assets | $49.9M | $49.9M | $86.1M | $86.1M | $92.9M | $111.0M | $111.0M | $119.6M |
| Liabilities | ||||||||
| Accounts payable | $5.5M | $5.5M | $3.3M | $3.3M | $4.9M | $1.9M | $1.9M | $4.9M |
| Short-term debt | $14.8M | — | $9.9M | $9.9M | — | $7.3M | $9.4M | $9.5M |
| Deferred revenue | $1.4M | — | $831,975 | $578,219 | — | $572,168 | — | $988,753 |
| Total current liabilities | $35.0M | $35.0M | $27.6M | $27.6M | $33.0M | $22.8M | $22.8M | $24.9M |
| Long-term debt | $0 | $3.5M | $0 | $0 | $6.3M | $3.6M | $0 | $3.1M |
| Lease obligations | — | $3.8M | — | — | $5.0M | $5.0M | — | $6.0M |
| Other long-term liabilities | $14.0M | $10.4M | $23.6M | $23.6M | $17.2M | $18.3M | $0 | $19.2M |
| Total liabilities | $49.0M | $49.0M | $51.2M | $51.2M | $56.5M | $44.6M | −$72.4M | $47.2M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $5,112 | — | $2,996 | $2,996 | — | $21,882 | $21,882 | $21,882 |
| Retained earnings (deficit) | −$160.9M | −$161.8M | −$121.5M | −$121.5M | −$117.2M | −$38.1M | −$38.1M | −$32.2M |
| Accumulated other comprehensive income | $195,819 | — | −$1.9M | −$1.9M | — | −$410,064 | $72.6M | −$803,913 |
| Minority interest | — | −$1,167 | — | — | $4,624 | — | — | — |
| Total shareholders' equity | $919,255 | $919,255 | $34.9M | $34.9M | $36.4M | $66.7M | $72.4M | $72.6M |
| Key figures | ||||||||
| Total debt | $21.6M | $3.5M | $20.2M | $20.2M | $6.3M | $15.2M | $17.3M | $17.6M |
| Net cash (debt) | −$18.7M | −$635,988 | −$18.3M | −$18.3M | −$2.6M | −$12.0M | −$14.3M | −$14.5M |
| Working capital | −$17.5M | −$17.5M | −$17.2M | −$17.2M | −$15.3M | −$11.6M | −$11.6M | −$8.0M |
| Tangible book value | −$23.4M | −$23.4M | −$30.1M | −$30.1M | −$28.5M | −$25.8M | −$20.1M | −$21.5M |
| Book value per share | $2.88 | $0.36 | $197.21 | $211.18 | $27.86 | $408.72 | $453.62 | $445.10 |
| Shares outstanding | 320K | 2.6M | 177K | 165K | 1.3M | 163K | 160K | 163K |
| Current ratio | 0.50 | 0.50 | 0.38 | 0.38 | 0.54 | 0.49 | 0.49 | 0.68 |
| Quick ratio | 0.46 | 0.29 | 0.31 | 0.31 | 0.36 | 0.45 | 0.43 | 0.64 |
| Debt / equity | 23.52 | 3.86 | 0.58 | 0.58 | 0.17 | 0.23 | 0.24 | 0.24 |
| Equity / assets | 1.8% | 1.8% | 40.5% | 40.5% | 39.2% | 60.1% | 65.2% | 60.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
TNMG financial position
At the end of fiscal 2025 (December 31, 2025), TNL Mediagene had total assets of $49.9 million (down 46.2% from a year earlier), total liabilities of $49.0 million and shareholders' equity of $0.9 million. It held $2.9 million in cash and short-term investments against $21.6 million of debt, net debt of $18.7 million. Its current ratio was 0.50. In the latest quarter (ended March 31, 2026) total assets were $49.9 million and equity $0.9 million.
Related: TNMG income statement, TNMG cash flow statement, TNMG key metrics. See the TNMG stock overview for the latest quote and news.
TNMG balance sheet FAQ
What are TNL Mediagene's total assets?
TNL Mediagene reported total assets of $49.9 million at the end of fiscal 2025 (December 31, 2025), compared with $92.9 million a year earlier.
How much debt does TNL Mediagene have?
TNL Mediagene had $21.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 23.52.
How much cash does TNL Mediagene have?
TNL Mediagene held $2.9 million in cash and short-term investments at the end of fiscal 2025; with $21.6 million of debt that is net debt of $18.7 million.
What is TNL Mediagene's book value?
TNL Mediagene's shareholders' equity (book value) was $0.9 million at the end of fiscal 2025, or $4.28 per share.
What is TNL Mediagene's current ratio?
TNL Mediagene had current assets of $17.6 million and current liabilities of $35.0 million, a current ratio of 0.50 (current liabilities exceed current assets).
How much goodwill does TNL Mediagene have?
TNL Mediagene carried $24.3 million of goodwill and intangible assets, 48.6% of total assets, at the end of fiscal 2025.