Tinybeans delivers first EBITDA-positive year in FY26 results presentation
In its August 2026 FY26 results presentation, Tinybeans Group (ASX:TNY) detailed its first-ever Adjusted EBITDA-positive full year, reporting US$427k for the period ended June 2026. That marks a turnaround from an FY25 loss of US$1.44m.
Management outlined total revenue of US$6.49m, up 35% year-on-year, and a balance sheet with US$1.64m in cash and no debt.
The company positions itself as a privacy-first portfolio of family memory-keeping platforms, built on an invite-only, private architecture. The presentation framed FY26 as a profitability inflection reached on a lean, subscription-led model.
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FY26 financial results at a glance
The presentation detailed the completed FY26 numbers against the prior year, anchoring the narrative to two consecutive Adjusted EBITDA-positive quarters. Revenue growth was led by a strong lift in subscription income and a sharp increase in e-commerce contribution.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Total Revenue | US$6.49m | US$4.82m | +35% |
| Subscription Revenue | US$4.82m | US$3.32m | +45% |
| E-commerce Revenue | US$767k | US$103k | +646% |
| Adjusted EBITDA | US$427k | (US$1.44m) | Turnaround |
| Cash | US$1.64m | — | No debt |
The company also detailed its Q4 FY26 momentum, with the fourth quarter marking the group’s second consecutive EBITDA-positive quarter:
- Q4 revenue of approximately US$1.9m, up 57% year-on-year
- Q4 Adjusted EBITDA of US$664k (US$73k excluding the accrual of an R&D Tax Incentive refund)
- E-commerce revenue up approximately 1,600% year-on-year in Q4, aided by Mother’s Day and Father’s Day seasonality
According to the presentation, the Adjusted EBITDA improvement partly reflects two full quarters’ contribution from the Qeepsake acquisition, offset by a deliberate step-up in customer acquisition investment across both brands.
Tracy Cho
“FY26 was the year Tinybeans came into its own, achieving positive operating cash flow while staying true to what makes us different: a private, trusted space for families to hold onto the moments that matter.”
What Tinybeans does — and why privacy is the moat
Tinybeans operates two brands under a privacy-first umbrella. The first, tinybeans, is a family memory-keeping app where parents and their closest people build and return to their family story. The second, Qeepsake, is a text-based journaling service that helps busy parents save memories via text or in the app. Both run on an invite-only, private architecture.
The business runs on a subscription-led model. The presentation cited approximately 93k paid subscribers, around 0.8m monthly active users, roughly 74% of revenue as recurring, 96% Tinybeans+ annual retention, and an average subscriber tenure of about 6 years.
Why does this matter to investors? Management pointed to a regulatory backdrop that may favour private, invite-only platforms. The US KIDS Act, incorporating COPPA 2.0, passed the House in June 2026, while Australia’s under-16 social media ban took effect in December 2025. The presentation also cited a “sharenting” backlash, noting 81% of parents of online teens worry about advertisers accessing their child’s data. These factors were framed as differentiating Tinybeans from mainstream social media.
The growth levers behind the investment case
The presentation framed the investment case around monetisation runway and an under-monetised first-party asset. Management outlined several value creation levers:
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Conversion runway — 270k free users sit against approximately 93k paid subscribers, an immediate conversion pool of around 3x.
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Audience asset — an opted-in contactable database of more than 1m high-value parents and grandparents, alongside 500m+ memories stored, described as a major under-monetised first-party asset.
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Pricing power — currently only a free tier and one premium tier, leaving room for new entry tiers and localised pricing.
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Product bundling — e-commerce and subscription operate separately with zero bundled options today.
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Global expansion — approximately 95% of users are in the US despite iOS being live in 100+ markets, with existing cohorts in AU/NZ (22k), Canada (8k), and the EU (12k).
On inorganic growth, the presentation noted the Qeepsake acquisition delivered approximately 80% subscriber growth on day one, validated by Q3 and Q4 FY26 results, and described this as a “disciplined, repeatable M&A playbook.”
For market context, management cited a global parenting and family-tech app market of approximately US$1.9bn+ in 2025, growing around 12% per annum, with roughly 132m global births each year replenishing the addressable cohort.
FY27 priorities and outlook
Looking ahead, management outlined three strategic pillars for FY27:
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App discovery — improving how families discover and engage with Tinybeans across social media, community groups, App Store visibility and owned audience channels.
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Brand repositioning — repositioning Tinybeans from photo-sharing to “a private place where family moments live.”
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Product advancements — extending the experience beyond photos and video through new features.
The presentation also provided a corporate snapshot as at 25 August 2026:
- Share price of A$0.075
- Shares on issue of 183,340,218
- Market capitalisation of A$13.75M
- Major shareholders: Thorney Investment Group at 30.78% and Qeepsake, Inc. at 9.59%
The investment thesis presented centres on Tinybeans as a privacy-first family memory technology business at a profitability inflection, debt-free and with multiple monetisation levers ahead. New CEO Tracy Cho, formerly CEO of Qeepsake, has been appointed to lead the next phase.
Tracy Cho’s appointment as CEO followed her role leading the Qeepsake business that Tinybeans acquired, giving the company an operator already embedded in the product and subscriber base she is now tasked with scaling.
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