Tiny (TINY) Q4 2025 earnings summary

Executive summary

• FY2025 revenue reached $203.8 million, up 5% year-over-year, driven by the Serato acquisition and growth in Digital Services.

• Adjusted EBITDA rose 22% to $37.9 million, with margin improving to 19% from 16% the prior year.

• Recurring revenue surged 50% to $57.8 million, now 28% of total revenue, up from $38.7 million and 20% in FY2024.

• Free cash flow for FY2025 reached $25.3 million, a 171% increase year-over-year, supporting debt reduction and share repurchases.

• Letterboxd and Metalab were recognized among the most innovative companies globally.

Financial highlights

• Q4 2025 revenue was $51.7 million, up 9% year-over-year; growth was 15% excluding divestitures.

• Adjusted EBITDA margin improved to 19% from 16% year-over-year.

• Free cash flow per share for FY2025 was $0.93, more than double the prior year.

• Cash on hand increased to $29.3 million from $22.9 million.

• Net debt to Adjusted EBITDA improved to 2.4x at year-end, down from 3.0x in Q4 2024.

Outlook and guidance

• Continued focus on profitable growth, recurring revenue expansion, and cost discipline across the portfolio.

• Ongoing efforts to optimize capital structure and pursue high-quality acquisition opportunities.

• Further opportunities anticipated through AI-driven productivity and leveraging proprietary data assets.

• Forward-looking statements caution about risks related to integration, financing, technology, and market conditions.