TNL Mediagene
TNMG Communication Services Publishing
TNL Mediagene’s revenue for fiscal 2025 (year ended December 2025) was $45.0 million, down 7.16% from fiscal 2024.
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TNL Mediagene (TNMG) Piotroski F-score
TNL Mediagene's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 1.00 |
| FY2024 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (62.37%) | (79.99%) | Fail | 0 |
| Positive operating cash flow | (4.90m) | (10.21m) | Fail | 0 |
| Rising return on assets | (62.37%) | (79.99%) | Pass | 1 |
| Cash flow above net income | 39.65m | 74.79m | Pass | 1 |
| Falling long-term leverage | 0.05 | 0.05 | Fail | 0 |
| Rising current ratio | 0.50 | 0.54 | Fail | 0 |
| No new shares issued | 214,900 | 153,400 | Fail | 0 |
| Rising gross margin | 31.05% | 36.58% | Fail | 0 |
| Rising asset turnover | 0.63 | 0.46 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| NYT The New York Times Company compare | 9 |
| WLY John Wiley & Sons, Inc. compare | 8 |
| WLYB John Wiley & Sons, Inc. compare | 8 |
| PSO Pearson, PLC compare | 7 |
| SCHL Scholastic Corporation compare | 7 |
| TDAY USA TODAY Co., Inc. compare | 6 |
| EDUC Educational Development Corporation compare | 5 |
| LEE Lee Enterprises, Incorporated compare | 3 |
| TNMG TNL Mediagene | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover