Treasure Global Inc. (TGL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed May 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TGL SEC filings page.
Treasure Global Inc. (TGL) reported $3.9M in revenue over the twelve months to Mar 31, 2026, up 166.8% from the prior twelve months. This page shows its 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).
A financing-supported contraction pairs a sharp gross-margin shift with operating losses that deepen as the revenue base shrinks.
From FY2024 to FY2025, revenue contracted sharply while gross margin rose from3.7% to71.7% , a margin-shape break that suggests changed mix or cost structure rather than scale benefits. Yet operating loss widened to$22.0M even as SG&A declined to$3.6M , indicating substantial operating charges beyond listed overhead absorbed the gross profit.
Net loss of
FY2025 financing cash inflow of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Treasure Global Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Treasure Global Inc. held $237K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $9.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Treasure Global Inc. scores 2/100 among other emerging companies.
Treasure Global Inc. had 8M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Treasure Global Inc. scores 83/100 among other emerging companies.
Treasure Global Inc. spent $216K on research and development in fiscal year 2025, which was 0.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Treasure Global Inc. scores 7/100 among other emerging companies.
Treasure Global Inc. reported revenue of $2.3M in fiscal year 2025, against $22.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Treasure Global Inc. scores 1/100 among other emerging companies.
Treasure Global Inc.'s operations used $9.5M of cash in fiscal year 2025, against $4.7M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Treasure Global Inc. scores 45/100 among other emerging companies.
Treasure Global Inc.'s cash, cash equivalents and investments came to $237K at the end of fiscal year 2025, against $4.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Treasure Global Inc. scores 11/100 among other emerging companies.
Treasure Global Inc. scores -9.51, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.9M) relative to total liabilities ($4.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Treasure Global Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Treasure Global Inc. reported a net loss of $23.4M while operations used $9.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Treasure Global Inc. reported an operating loss of $22.0M against $5K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Treasure Global Inc. generated $1.5M in revenue in Q3 2026. This represents an increase of 125.2% from the same quarter a year earlier. Against the prior quarter it is up 38.8%.
Treasure Global Inc.'s EBITDA was -$4.2M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3046.9% from the same quarter a year earlier. Against the prior quarter it is up 45.1%.
Treasure Global Inc. reported -$2.3M in net income in Q3 2026. This represents a decrease of 284.2% from the same quarter a year earlier. Against the prior quarter it is up 25.4%.
Cash & Balance Sheet
Treasure Global Inc. recorded an outflow of $527K in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents an increase of 87.6% from the same quarter a year earlier. Against the prior quarter it is up 84.0%.
Treasure Global Inc. held $2.9M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Margins & Returns
Treasure Global Inc.'s gross margin was 0.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 72.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Treasure Global Inc.'s ROE was -14.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 19.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Treasure Global Inc. invested $79K in research and development in Q3 2026. This represents an increase of 1376.5% from the same quarter a year earlier. Against the prior quarter it is up 219.8%.
Treasure Global Inc. invested $67K in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 3638.0% from the same quarter a year earlier. Against the prior quarter it is down 79.8%.
Not reported for Q3 2026.
TGL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M+125.2% | $1.1M+258.1% | $183K-12.0% | $1.2M+294.1% | $667K-58.2% | $302K-95.5% | $207K-98.5% | $293K |
| Cost of Revenue | $1.5M+729.2% | $1.1M+1285.7% | $181K+414.9% | $367K+81.7% | $180K-86.9% | $78K-98.8% | $35K-99.7% | $202K |
| Gross Profit | $6K-98.7% | $907-99.6% | $1K-99.3% | $787K+767.0% | $486K+124.1% | $224K-35.2% | $172K+5.9% | $91K |
| R&D Expenses | $79K+1376.5% | $25K-25.5% | $778K+1547.9% | $130K-63.3% | $5K-97.1% | $33K-76.0% | $47K-42.7% | -$355K |
| SG&A Expenses | $3.8M+754.0% | $3.8M+389.3% | $843K+6.8% | $1.6M+18.0% | $446K-59.9% | $774K-1.5% | $789K-36.2% | $1.4M |
| Operating Income | -$4.2M-9543.9% | -$7.7M-1006.6% | -$1.7M-114.4% | -$20.5M-1116.0% | -$43K+96.8% | -$693K+36.4% | -$812K+57.7% | -$1.7M |
| EBITDA | -$4.2M-3046.9% | -$7.6M-1484.8% | -$1.7M-117.5% | -$20.8M-1156.6% | $141K+110.5% | -$478K+55.0% | -$790K+58.0% | -$1.7M |
| Interest Expense | $84-86.3% | $282-67.1% | $676-55.3% | $2K-30.6% | $615-76.1% | $857-96.0% | $2K-96.8% | $3K |
| Income Tax | $50K | $100K+959.3% | N/A | N/A | N/A | $9K+57.2% | $11K-23.7% | N/A |
| Net Income | -$2.3M-284.2% | -$3.1M-1238.5% | -$2.1M-124.5% | -$23.5M-1421.0% | $1.3M+173.5% | -$232K+80.6% | -$951K+55.4% | -$1.5M |
| EPS (Basic) | -$1.39-106.4% | -$3.47+69.3% | -$0.38+97.8% | -$20.01-386.7% | $21.79+118.8% | -$11.32-409.9% | -$17.62-125.0% | $6.98+114.3% |
| EPS (Diluted) | -$1.39 | -$3.47 | -$0.38 | -$20.01-386.7% | $21.79 | -$11.32 | -$17.62 | $6.98+114.3% |
| Diluted Shares (Avg) | 2M | 895,444 | 6M | N/A | 57,810 | 20,518 | 53,954 | N/A |
TGL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.6M-29.0% | $24.2M+26.9% | $16.6M+133.4% | $14.9M+247.6% | $30.4M+630.9% | $19.1M+287.4% | $7.1M+28.3% | $4.3M-32.9% |
| Current Assets | $17.2M+60.8% | $17.0M+695.7% | $4.3M+258.5% | $5.5M+477.3% | $10.7M+784.4% | $2.1M-10.2% | $1.2M-71.2% | $957K-84.1% |
| Cash & Equivalents | $2.9M+936.9% | $5.5M+2008.6% | $1.3M+1623.3% | $237K+18.4% | $281K-8.3% | $259K-78.9% | $73K-97.2% | $200K-95.6% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $2K | $504K | $44K | $172K |
| Inventory | $18K+47.6% | $136K+884.6% | $21K-4.4% | $13K-52.0% | $13K-74.1% | $14K-89.1% | $22K-94.2% | $27K-93.1% |
| Accounts Receivable | $548K-38.8% | $779K+202.4% | $1.4M+3538.7% | $1.6M | $895K+1130.6% | $257K+38.7% | $40K-74.0% | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0 |
| Total Liabilities | $6.0M+357.9% | $6.3M+803.9% | $4.6M+456.3% | $4.1M+359.9% | $1.3M+19.5% | $694K-44.2% | $831K-87.2% | $898K-86.2% |
| Current Liabilities | $4.8M+268.5% | $3.9M+458.4% | $3.5M+324.7% | $3.7M+309.8% | $1.3M+21.0% | $694K-43.4% | $829K-87.1% | $895K-86.2% |
| Non-Current Liabilities | $1.2M | $2.4M | $1.1M+69771.8% | $461K+16702.5% | $0-100.0% | $0-100.0% | $2K-94.2% | $3K-90.9% |
| Total Equity | $15.6M-46.4% | $18.0M-2.4% | $12.0M+90.7% | $10.7M+217.8% | $29.1M+848.2% | $18.4M+399.1% | $6.3M+770.5% | $3.4M+2693.9% |
| Retained Earnings | -$69.0M-81.7% | -$66.7M-70.0% | -$63.5M-63.0% | -$61.4M-61.5% | -$38.0M-4.0% | -$39.2M-12.8% | -$39.0M-16.1% | -$38.0M-20.9% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
TGL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$460K+89.1% | -$3.0M-390.0% | -$1.8M-80.4% | -$3.7M-563.3% | -$4.2M-295.4% | -$606K+49.3% | -$976K+48.5% | -$552K+78.2% |
| Depreciation & Amortization | $26K-86.1% | $96K-55.3% | $21K+0.4% | $609-97.7% | $185K+589.5% | $215K+697.1% | $21K-42.7% | $27K |
| Stock-Based Compensation | $251K+258.9% | $787K+1024.6% | $100K+42.9% | N/A | $70K | $70K | $70K | N/A |
| Capital Expenditures | $67K+3638.0% | $333K | $645K | $10K+500.3% | $2K+211.6% | N/A | N/A | $2K-48.5% |
| Free Cash Flow | -$527K+87.6% | -$3.3M | -$2.4M | -$3.7M-563.1% | -$4.2M-295.3% | N/A | N/A | -$554K+78.1% |
| Investing Cash Flow | -$1.9M+12.6% | -$333K+52.9% | -$705K+52.6% | -$1.4M-2998.6% | -$2.2M-838291.8% | -$706K-251.8% | -$1.5M-23759.0% | -$46K-305.1% |
| Financing Cash Flow | $56K-99.1% | $7.5M+397.1% | $3.5M+42.2% | $5.1M+1353.5% | $6.4M+8776.2% | $1.5M+15541.9% | $2.4M+3121.5% | $349K-88.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TGL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.4%-72.5pp | 0.1%-74.1pp | 0.7%-82.3pp | 68.2%+37.2pp | 73.0%+59.4pp | 74.2%+69.0pp | 83.0%+81.8pp | 31.0% |
| Operating Margin | -278.9% | -709.4% | -953.6% | -1773.8% | -6.5%+79.4pp | -229.6% | -391.4% | -574.9% |
| Net Margin | -154.7% | -287.7% | -1169.1% | -2031.1% | 189.0% | -77.0%-59.1pp | -458.5% | -526.3% |
| Return on Equity | -14.9%-19.2pp | -17.3%-16.1pp | -17.8%-2.7pp | -218.3%-172.7pp | 4.3%+60.1pp | -1.3%+31.3pp | -15.1% | -45.6% |
| Return on Assets | -10.8%-14.9pp | -12.8%-11.6pp | -12.9%+0.5pp | -157.7%-121.7pp | 4.1%+45.3pp | -1.2%+23.1pp | -13.4%+25.1pp | -36.0% |
| Current Ratio | 3.57-4.6x | 4.38+1.3x | 1.23-0.2x | 1.51+0.4x | 8.18+7.1x | 3.08+1.1x | 1.45+0.8x | 1.07+0.1x |
| Debt-to-Equity | 0.38+0.3x | 0.35+0.3x | 0.39+0.3x | 0.38+0.1x | 0.04-0.3x | 0.04-0.3x | 0.13 | 0.27 |
| Asset Turnover | 0.070.0x | 0.040.0x | 0.010.0x | 0.080.0x | 0.02-0.4x | 0.02-1.3x | 0.03-2.4x | 0.07 |
| FCF Margin | -35.1% | -305.6% | -1318.2% | -318.2% | -635.6% | N/A | N/A | -189.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Treasure Global Inc. TGL | FY2025 | $2.3M | -$23.4M | N/A | $5.9M | 25/100 |
| Auddia Inc. AUUD | FY2025 | $0 | -$7.7M | N/A | $5.8M | — |
| Urgent.ly Inc. ULY | FY2025 | $129.2M | -$20.4M | -15.8% | $11.8M | 43/100 |
| Quhuo Limited QH | FY2025 | $361.2M | -$21.4M | -5.9% | $11.0M | 30/100 |
| Society Pass Incorporated SOPA | FY2024 | $7.1M | -$10.2M | N/A | $978K | 41/100 |
| My Size, Inc MYSZ | FY2025 | $9.4M | $5.9M | 62.5% | $1.6M | 46/100 |
Where Treasure Global Inc. Ranks
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.
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 return on equity (ROE)?
Treasure Global Inc. (TGL) has a return on equity of -217.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Treasure Global Inc.'s free cash flow?
Treasure Global Inc. (TGL) recorded an outflow of $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) recorded an outflow of $9.5M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 P/E ratio?
Treasure Global Inc. (TGL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2026). The market capitalization is $5.9M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Treasure Global Inc.'s price-to-sales ratio?
Treasure Global Inc. (TGL) trades at 1.5x sales, its market capitalization divided by revenue of $3.9M revenue, trailing 12 months to March 31, 2026. The market capitalization is $5.9M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Treasure Global Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Treasure Global Inc. (TGL) held $237K in cash, cash equivalents and investments, and reported an operating cash outflow of $9.5M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Treasure Global Inc.'s Altman Z-Score?
Treasure Global Inc. (TGL) has an Altman Z-Score of -9.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Treasure Global Inc.'s Piotroski F-Score?
Treasure Global Inc. (TGL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $23.4M while operations used $9.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $22.0M against $5K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 25 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.