Tiny Ltd.

Tiny Ltd.

TINY.V
Tiny Ltd.CA flagToronto Stock Exchange Ventures
8.64
CAD
+7.54
- -
253.10MMarket Cap
Tiny Ltd.
TINY.V
(Toronto Stock Exchange Ventures)

Recent

price

8.64

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
TTM
FRC
6.94
8.82
8.45
7.54
Revenue per Share
0.15
0.66
-2.12
-0.77
Basic EPS, GAAP
0.84
0.16
0.86
1.53
Free Cash Flow per Basic Share
1.98
0.43
- -
- -
Dividend per Share
-0.76
7.12
5.37
6.61
Book Value per Share
-1.79
-4.35
-2.9
-4.66
Tangible Book Value per Share
22
21
23
26
Basic Weighted Avg Shares
154
186
194
200
Sales/Revenue/Turnover
14.81
-7.63
-5.58
-1.49
Operating Margin (%)
5
27
35
38
Depreciation Expense
3
14
-49
-21
Net Income, GAAP
58.37
- -
- -
- -
Effective Tax Rate (%)
2.19
7.52
-25.06
-10.27
Profit Margin (%)
1
-6
-19
-1
Working Capital
68
121
101
127
LT Debt
39
203
182
270
Total Equity
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
Return on Capital (%)
- -
- -
-35.62
-12.57
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
12
8
11
LT Borrowings
101
137
124
LT Finance Leases
- -
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
29
29
Market Capitalization
31
20
229

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
40
56
59
Cash, Cash Equivalents & STI
20
27
35
Accounts Receivable, Net
13
12
14
Inventories
- -
- -
- -
Total Current Liabilities
55
52
60
Payables & Accruals
29
33
35
ST Debt
12
8
11
Deferred Revenue
13
11
14

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-10.11%
Free Cash Flow
- -
- -
506.89%
Net Income, GAAP
- -
- -
-449.18%
Sales/Revenue/Turnover
- -
- -
4.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
36
47
51
51
186
2024
49
51
47
48
194
2025
48
50
54
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.21
1.45
-0.18
- -
0.66
2024
-0.42
-0.09
-0.42
- -
-2.12
2025
-0.17
0.4
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.41
- -
- -
- -
0.43
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Tiny Ltd. (TSXV:TINY) is a Canadian technology holding company that acquires and manages established businesses for the long term, with a focus on internet and technology sectors emphasizing recurring revenue and free cash flow. Founded in 2016 and headquartered in Victoria, British Columbia, the company operates primarily in North America and Europe through three principal reporting segments: Digital Services, including design and product development firms like Metalab that assist global enterprises in building products and services; Software and Apps, featuring merchant tools in the Shopify ecosystem such as Stamped reviews, NoCommerce, and themes, along with the recent addition of Serato, a leading DJ software provider; and Creative Platform, comprising Dribbble, a social network for designers, and Creative Market, an online marketplace for digital assets like fonts, graphics, and templates. Tiny employs a decentralized management approach, prioritizing capital allocation, collaborative operations, and incentive alignment at the subsidiary level to drive shareholder value. The company targets profitable technology businesses with strong competitive advantages, investing globally but with primary experience in North America, and maintains a private equity fund, Tiny Fund I, in which it holds a 20% stake for additional investment activities. Recent strategic developments include the May 2025 completion of a $36.1 million refinancing via convertible debentures to fund the acquisition of a 66% controlling stake in Serato Audio Research Limited for approximately $94.5 million, boosting annual recurring revenue by around 45% to $55-57 million; the Q2 2024 acquisition of MediaNet; the integration of Stamped, Repeat, and NoCommerce under unified leadership to enhance reviews, loyalty, and merchant retention features using AI and machine learning; and the Q4 2024 divestitures of Frosty Studio Ltd. and 8020 Design Ltd. In Q3 2025, Tiny sold its interest in WWR (Tiny Boards Limited Partnership) for $9.8 million to a strategic buyer, while Q1 2025 results showed total revenue of $48.1 million, Adjusted EBITDA of $9.7 million (up 63% year-over-year), and continued debt reduction to improve its leverage profile to 2.7x Net Debt to Adjusted EBITDA.