Treasure Global Inc. Financials

TGL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE June

This page shows Treasure Global Inc. (TGL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Treasure Global Inc. has an operating margin of -945.4%, meaning the company retains $-945 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -27.5% the prior year.

Growth

Treasure Global Inc.'s revenue declined 89.4% year-over-year, from $22.1M to $2.3M. This contraction results in a growth score of 0/100.

Leverage

Treasure Global Inc. carries a low D/E ratio of 0.38, meaning only $0.38 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Treasure Global Inc.'s current ratio of 1.51 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Treasure Global Inc. generated -$9.5M in operating cash flow, capex of $15K consumed most of it, leaving -$9.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Treasure Global Inc. passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.41x

For every $1 of reported earnings, Treasure Global Inc. generates $0.41 in operating cash flow (-$9.5M OCF vs -$23.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4407.3x

Treasure Global Inc. earns $-4407.3 in operating income for every $1 of interest expense (-$22.0M vs $5K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$2.3M

YoY-89.4%

Treasure Global Inc. generated $2.3M in revenue in fiscal year 2025. This represents a decrease of 89.4% from the prior year.

EBITDA

-$22.0M

YoY-269.3%

Treasure Global Inc.'s EBITDA was -$22.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 269.3% from the prior year.

Free Cash Flow

-$9.5M

YoY-100.8%

Treasure Global Inc. generated -$9.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.8% from the prior year.

Net Income

-$23.4M

YoY-254.9%

Treasure Global Inc. reported -$23.4M in net income in fiscal year 2025. This represents a decrease of 254.9% from the prior year.

EPS (Diluted)

$-19.87

YoY+94.8%

Treasure Global Inc. earned $-19.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.8% from the prior year.

Cash & Debt

$237K

YoY+18.4%

Treasure Global Inc. held $237K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+12311.5%

Treasure Global Inc. had 4M shares outstanding in fiscal year 2025. This represents an increase of 12311.5% from the prior year.

Gross Margin

71.7%

YoY+68.0pp

Treasure Global Inc.'s gross margin was 71.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 68.0 percentage points from the prior year.

Operating Margin

-945.4%

YoY-917.9pp

Treasure Global Inc.'s operating margin was -945.4% in fiscal year 2025, reflecting core business profitability. This is down 917.9 percentage points from the prior year.

Net Margin

-1003.1%

YoY-973.2pp

Treasure Global Inc.'s net profit margin was -1003.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 973.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$216K

YoY+357.3%

Treasure Global Inc. invested $216K in research and development in fiscal year 2025. This represents an increase of 357.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$15K

YoY-11.5%

Treasure Global Inc. invested $15K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.5% from the prior year.

TGL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$2.3M-89.4%	$22.1M-68.2%	$69.4M-12.9%	$79.7M+468.3%	$14.0M
Cost of Revenue	$661K-96.9%	$21.3M-69.2%	$68.9M-13.0%	$79.2M+470.6%	$13.9M
Gross Profit	$1.7M+104.6%	$816K+56.0%	$523K+9.9%	$476K+240.3%	$140K
R&D Expenses	$216K+357.3%	$47K-91.4%	$549K+105.9%	$267K-38.8%	$435K
SG&A Expenses	$3.6M-19.5%	$4.5M-3.4%	$4.7M+65.6%	$2.8M-33.9%	$4.3M
Operating Income	-$22.0M-263.4%	-$6.1M+40.8%	-$10.2M-0.6%	-$10.2M-34.0%	-$7.6M
Interest Expense	$5K-93.3%	$75K-21.3%	$95K-72.1%	$342K	N/A
Income Tax	$349K+780.0%	$40K-59.3%	$98K+525.7%	$16K+680.0%	$2K
Net Income	-$23.4M-254.9%	-$6.6M+43.8%	-$11.7M+0.2%	-$11.7M-48.2%	-$7.9M
EPS (Diluted)	$-19.87+94.8%	$-383.54-679.9%	$-49.18	$-1.12-45.5%	$-0.77

Metric	Q1'26	Q3'25	Q2'25	Q2'24	Q1'25	Q2'23	Q3'24	Q1'23
Revenue	$183K-72.6%	$667K+120.8%	$302K-98.5%	$20.4M+51.8%	$13.5M-39.8%	$22.4M+23.2%	$18.2M+16.7%	$15.6M
Cost of Revenue	$181K+0.6%	$180K+131.2%	$78K-99.6%	$20.2M+51.9%	$13.3M-40.1%	$22.2M+23.4%	$18.0M+16.0%	$15.5M
Gross Profit	$1K-99.7%	$486K+117.1%	$224K-4.3%	$234K+43.9%	$163K+16.6%	$139K-5.6%	$148K+298.5%	$37K
R&D Expenses	$778K+14460.6%	$5K-83.9%	$33K-80.3%	$168K+103.8%	$82K-34.0%	$125K+17.8%	$106K-18.0%	$129K
SG&A Expenses	$843K+63.2%	$516K-33.3%	$774K-9.5%	$856K-30.8%	$1.2M+122.2%	$557K-59.3%	$1.4M+68.9%	$811K
Operating Income	-$1.7M-3909.5%	-$43K+93.7%	-$693K+66.3%	-$2.1M-7.1%	-$1.9M+29.7%	-$2.7M+5.3%	-$2.9M-9.4%	-$2.6M
Interest Expense	$676+9.9%	$615	$0-100.0%	$55-99.9%	$48K	N/A	$8K-80.3%	$42K
Income Tax	$11K	N/A	$9K-17.9%	$12K-22.9%	$15K+210.9%	$5K-58.3%	$12K0.0%	$12K
Net Income	-$2.1M-269.4%	$1.3M+642.3%	-$232K+88.5%	-$2.0M+5.6%	-$2.1M+32.6%	-$3.2M-8.1%	-$2.9M+20.3%	-$3.7M
EPS (Diluted)	$-0.38-134.9%	$1.09	$-0.01+91.7%	$-0.12	$-7.83	$-0.30	$-11.83-4450.0%	$-0.26

TGL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$14.9M+247.6%	$4.3M-32.9%	$6.4M+135.6%	$2.7M-26.7%	$3.7M
Current Assets	$5.5M+477.3%	$957K-84.1%	$6.0M+165.3%	$2.3M-36.6%	$3.6M
Cash & Equivalents	$237K+18.4%	$200K-95.6%	$4.6M+148.9%	$1.8M-35.1%	$2.8M
Inventory	$13K-52.0%	$27K-93.1%	$401K+85.4%	$216K-45.0%	$393K
Accounts Receivable	$1.6M	N/A	$163K	$0-100.0%	$84K
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.1M+359.9%	$898K-86.2%	$6.5M-64.5%	$18.3M+79.3%	$10.2M
Current Liabilities	$3.7M+309.8%	$895K-86.2%	$6.5M-64.5%	$18.2M+254.0%	$5.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.7M+217.8%	$3.4M+2693.9%	-$130K+99.2%	-$15.6M-139.2%	-$6.5M
Retained Earnings	-$61.4M-61.5%	-$38.0M-20.9%	-$31.4M-59.5%	-$19.7M-147.4%	-$8.0M

Metric	Q1'26	Q3'25	Q2'25	Q2'24	Q1'25	Q2'23	Q3'24	Q1'23
Total Assets	$16.6M-45.4%	$30.4M+59.3%	$19.1M+346.3%	$4.3M-22.8%	$5.5M-13.1%	$6.4M+12.1%	$5.7M-32.4%	$8.4M
Current Assets	$4.3M-59.5%	$10.7M+399.6%	$2.1M+123.2%	$957K-77.1%	$4.2M-30.7%	$6.0M+15.6%	$5.2M-34.8%	$8.0M
Cash & Equivalents	$1.3M+345.0%	$281K+8.7%	$259K+29.3%	$200K-92.4%	$2.6M-43.0%	$4.6M+12.2%	$4.1M-41.6%	$7.0M
Inventory	$21K+69.1%	$13K-9.7%	$14K-49.6%	$27K-92.8%	$383K-4.4%	$401K+87.4%	$214K+51.1%	$141K
Accounts Receivable	$1.4M+61.4%	$895K+247.7%	$257K+381.8%	$53K-65.0%	$153K-6.3%	$163K+277.1%	$43K+3997.6%	$1K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.6M+254.3%	$1.3M+87.9%	$694K-22.7%	$898K-86.1%	$6.5M-0.4%	$6.5M+107.9%	$3.1M+136.9%	$1.3M
Current Liabilities	$3.5M+170.0%	$1.3M+87.9%	$694K-22.5%	$895K-86.1%	$6.4M-0.4%	$6.5M+109.5%	$3.1M+144.4%	$1.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$12.0M-58.9%	$29.1M+58.2%	$18.4M+444.3%	$3.4M+461.0%	-$936K-618.4%	-$130K-105.1%	$2.6M-63.9%	$7.1M
Retained Earnings	-$63.5M-67.4%	-$38.0M+3.2%	-$39.2M-3.1%	-$38.0M-13.3%	-$33.6M-6.8%	-$31.4M-11.0%	-$28.3M-21.1%	-$23.4M

TGL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$9.5M-101.2%	-$4.7M+50.7%	-$9.6M-10.3%	-$8.7M-27.5%	-$6.8M
Capital Expenditures	$15K-11.5%	$17K-80.8%	$87K-72.2%	$312K+268.1%	$85K
Free Cash Flow	-$9.5M-100.8%	-$4.7M+51.0%	-$9.6M-7.5%	-$9.0M-30.4%	-$6.9M
Investing Cash Flow	-$5.8M-2184.6%	-$253K-312.5%	-$61K+80.4%	-$312K-267.4%	-$85K
Financing Cash Flow	$15.4M+4303.6%	$350K-97.2%	$12.7M+55.1%	$8.2M-16.7%	$9.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q3'25	Q2'25	Q2'24	Q1'25	Q2'23	Q3'24	Q1'23
Operating Cash Flow	-$1.8M+58.4%	-$4.2M-598.6%	-$606K-9.7%	-$552K+70.8%	-$1.9M+25.2%	-$2.5M-5.1%	-$2.4M+1.9%	-$2.5M
Capital Expenditures	$645K+35706.4%	$2K-78.1%	$8K+380.2%	$2K-72.6%	$6K+87.5%	$3K-70.7%	$11K-67.1%	$34K
Free Cash Flow	-$2.4M+43.2%	-$4.2M-252.2%	-$1.2M-117.1%	-$554K+70.9%	-$1.9M+25.0%	-$2.5M-4.7%	-$2.4M+2.8%	-$2.5M
Investing Cash Flow	-$705K+67.3%	-$2.2M-205.1%	-$706K-1436.9%	-$46K-637.0%	-$6K-127.8%	$22K+297.6%	-$11K+67.1%	-$34K
Financing Cash Flow	$3.5M-45.9%	$6.4M+325.4%	$1.5M+331.6%	$349K+533.0%	-$81K-102.6%	$3.1M+74.9%	$1.8M-77.0%	$7.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TGL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	71.7%+68.0pp	3.7%+2.9pp	0.8%+0.1pp	0.6%-0.4pp	1.0%
Operating Margin	-945.4%-917.9pp	-27.5%-12.7pp	-14.8%-2.0pp	-12.8%+41.4pp	-54.2%
Net Margin	-1003.1%-973.2pp	-29.8%-12.9pp	-16.9%-2.2pp	-14.7%+41.8pp	-56.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-157.2%-3.2pp	-153.9%+30.1pp	-184.0%+250.3pp	-434.3%-219.5pp	-214.8%
Current Ratio	1.51+0.4	1.07+0.1	0.93+0.8	0.12-0.6	0.70
Debt-to-Equity	0.38+0.1	0.27+50.2	-49.89-48.7	-1.17+0.4	-1.57
FCF Margin	-407.5%-386.0pp	-21.4%-7.5pp	-13.9%-2.6pp	-11.3%+37.8pp	-49.1%

Metric	Q1'26	Q3'25	Q2'25	Q2'24	Q1'25	Q2'23	Q3'24	Q1'23
Gross Margin	0.7%-72.3pp	73.0%-1.2pp	74.2%+73.0pp	1.1%-0.1pp	1.2%+0.6pp	0.6%-0.2pp	0.8%+0.6pp	0.2%
Operating Margin	-953.6%-947.0pp	-6.5%+223.0pp	-229.6%-219.5pp	-10.1%+4.2pp	-14.2%-2.0pp	-12.2%+3.7pp	-15.9%+1.1pp	-16.9%
Net Margin	-1169.1%-1358.1pp	189.0%+266.0pp	-77.0%-67.1pp	-9.8%+6.0pp	-15.8%-1.7pp	-14.1%+2.0pp	-16.1%+7.5pp	-23.6%
Return on Equity	N/A	4.3%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-12.9%-17.0pp	4.1%+5.4pp	-1.2%+31.0pp	-32.3%+6.2pp	-38.5%	N/A	-51.5%-7.8pp	-43.7%
Current Ratio	1.23-7.0	8.18+5.1	3.08+2.0	1.07+0.4	0.65-0.3	0.93-0.8	1.69-4.6	6.33
Debt-to-Equity	0.39+0.3	0.040.0	0.04-0.2	0.27+7.2	-6.92+43.0	-49.89-51.1	1.22+1.0	0.19
FCF Margin	-1318.2%-682.6pp	-635.6%-617.7pp	-17.9%-7.2pp	-10.8%+3.4pp	-14.1%-8.9pp	-5.2%+8.2pp	-13.3%+2.7pp	-16.0%

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Frequently Asked Questions

What is Treasure Global Inc.'s annual revenue?

Treasure Global Inc. (TGL) reported $2.3M in total revenue for fiscal year 2025. This represents a -89.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Treasure Global Inc.'s revenue growing?

Treasure Global Inc. (TGL) revenue declined by 89.4% year-over-year, from $22.1M to $2.3M in fiscal year 2025.

Is Treasure Global Inc. profitable?

No, Treasure Global Inc. (TGL) reported a net income of -$23.4M in fiscal year 2025, with a net profit margin of -1003.1%.

What is Treasure Global Inc.'s earnings per share (EPS)?

Treasure Global Inc. (TGL) reported diluted earnings per share of $-19.87 for fiscal year 2025. This represents a 94.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Treasure Global Inc.'s EBITDA?

Treasure Global Inc. (TGL) had EBITDA of -$22.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Treasure Global Inc.'s gross margin?

Treasure Global Inc. (TGL) had a gross margin of 71.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Treasure Global Inc.'s operating margin?

Treasure Global Inc. (TGL) had an operating margin of -945.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Treasure Global Inc.'s net profit margin?

Treasure Global Inc. (TGL) had a net profit margin of -1003.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Treasure Global Inc.'s free cash flow?

Treasure Global Inc. (TGL) generated -$9.5M in free cash flow during fiscal year 2025. This represents a -100.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Treasure Global Inc.'s operating cash flow?

Treasure Global Inc. (TGL) generated -$9.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Treasure Global Inc.'s total assets?

Treasure Global Inc. (TGL) had $14.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Treasure Global Inc.'s capital expenditures?

Treasure Global Inc. (TGL) invested $15K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Treasure Global Inc. spend on research and development?

Treasure Global Inc. (TGL) invested $216K in research and development during fiscal year 2025.

How many shares does Treasure Global Inc. have outstanding?

Treasure Global Inc. (TGL) had 4M shares outstanding as of fiscal year 2025.

What is Treasure Global Inc.'s current ratio?

Treasure Global Inc. (TGL) had a current ratio of 1.51 as of fiscal year 2025, which is generally considered healthy.

What is Treasure Global Inc.'s debt-to-equity ratio?

Treasure Global Inc. (TGL) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Treasure Global Inc.'s return on assets (ROA)?

Treasure Global Inc. (TGL) had a return on assets of -157.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Treasure Global Inc.'s cash runway?

Based on fiscal year 2025 data, Treasure Global Inc. (TGL) had $237K in cash against an annual operating cash burn of $9.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Treasure Global Inc.'s Piotroski F-Score?

Treasure Global Inc. (TGL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Treasure Global Inc.'s earnings high quality?

Treasure Global Inc. (TGL) has an earnings quality ratio of 0.41x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Treasure Global Inc. cover its interest payments?

Treasure Global Inc. (TGL) has an interest coverage ratio of -4407.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Treasure Global Inc.?

Treasure Global Inc. (TGL) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.