Tiny (TINY) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $52.3M, down 3% YoY reported and 5% at constant currency; organic revenue declined 0.2% excluding disposals. Adjusted EBITDA rose 30% to $13.2M at a 25% margin.

• Recurring revenue increased 2% YoY to $17.2M, or 33% of revenue. Oso Cloud, acquired after quarter-end, added $5.3M ARR and lifted illustrative pro forma ARR to $75.0M.

Financial highlights

• Revenue was $52.3M versus $54.0M in Q3 2025, down 3% YoY and up 1% QoQ. LTM revenue grew 4% to $207.0M.

• Adjusted EBITDA rose 30% YoY to $13.2M from $10.1M; margin increased to 25% from 19%, supported by cost reductions, efficiencies, and stronger Digital Services and Serato results.

• Free cash flow was $8.6M, or $0.29 per share, versus $13.7M and $0.47 per share YoY; LTM free cash flow was $8.2M.

• LTM adjusted EBITDA was $42.9M versus $36.5M on a comparable adjusted basis.

• Net loss was $2.5M versus net income of $0.1M in Q3 2025, which included a $9.0M disposal gain; earnings from operations improved $4.6M YoY to $2.0M.

Outlook and guidance

• Priorities include growing recurring revenue, improving adjusted EBITDA and free cash flow through efficiency, strengthening the balance sheet, reviewing the portfolio, and pursuing disciplined acquisitions.

• WeCommerce and Creative Platform revenue pressure is expected to remain a headwind to consolidated growth; both businesses are focused on profitability.

• Oso Cloud's illustrative $75.0M pro forma ARR is based on unaudited vendor information and different measurement bases, and is not a forecast of future revenue.