Treasure Global (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 Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Oct 13, 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 $5.2M in revenue for fiscal year 2026, up 121.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Revenue growth did not translate into operating strength: costs consumed nearly all sales, leaving the business dependent on financing while cash outflows continued.
In FY2026, revenue grew121.8% from FY2025 while gross profit fell99.5% , showing that increased volume did not produce usable contribution. The resulting margin collapse left gross margin at0.2% and net margin at-214.4% , so the central problem was cost absorption rather than simply insufficient sales.
Operating cash outflow narrowed from
A 2.2x current ratio and liabilities equal to
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. 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 $1.6M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $6.9M 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 13/100 among other emerging companies.
Not available for Treasure Global Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Treasure Global Inc. spent $1.6M on research and development in fiscal year 2026, which was 7.6% 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 32/100 among other emerging companies.
Treasure Global Inc. reported revenue of $5.2M in fiscal year 2026, against $2.3M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Treasure Global Inc. scores 6/100 among other emerging companies.
Treasure Global Inc.'s operations used $6.9M of cash in fiscal year 2026, against $9.5M used in fiscal year 2025. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Treasure Global Inc. scores 32/100 among other emerging companies.
Treasure Global Inc.'s cash, cash equivalents and investments came to $1.6M at the end of fiscal year 2026, against $5.8M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Treasure Global Inc. scores 32/100 among other emerging companies.
Treasure Global Inc. scores -7.19, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $72.5M against total assets of $19.3M. 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 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Treasure Global Inc. reported a net loss of $11.1M while operations used $6.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Treasure Global Inc. reported an operating loss of $16.4M against $888 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 $2.4M in revenue in Q4 2026. This represents an increase of 108.3% from the same quarter a year earlier. Against the prior quarter it is up 60.3%.
Treasure Global Inc. reported a net loss of $3.5M in Q4 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q4 2026.
Cash & Balance Sheet
Treasure Global Inc. recorded an outflow of $1.7M in free cash flow in Q4 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Treasure Global Inc. held $1.6M in cash as of Q4 2026; no long-term debt figure is on record for that period.
Not reported for Q4 2026.
Margins & Returns
Treasure Global Inc.'s gross margin was 0.0% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is down 68.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Treasure Global Inc.'s quarterly ROE was -25.9% in Q4 2026: one quarter's net income over shareholder equity, not annualized. This is up 192.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 11.1 percentage points.
Not shown for Q4 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q4 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 $765K in research and development in Q4 2026. This represents an increase of 487.3% from the same quarter a year earlier. Against the prior quarter it is up 869.3%.
Treasure Global Inc. invested $8K in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 24.8% from the same quarter a year earlier. Against the prior quarter it is down 88.5%.
Not reported for Q4 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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4M+108.3% | $1.5M+125.2% | $1.1M+258.1% | $183K-12.0% | $1.2M+294.1% | $667K-58.2% | $302K-95.5% | $207K-98.5% |
| Cost of Revenue | $2.4M+554.8% | $1.5M+729.2% | $1.1M+1285.7% | $181K+414.9% | $367K+81.7% | $180K-86.9% | $78K-98.8% | $35K-99.7% |
| Gross Profit | $134-100.0% | $6K-98.7% | $907-99.6% | $1K-99.3% | $787K+767.0% | $486K+124.1% | $224K-35.2% | $172K+5.9% |
| R&D Expenses | $765K+487.3% | $79K+1376.5% | $25K-25.5% | $778K+1547.9% | $130K+16.9% | $5K-97.1% | $33K-76.0% | $47K-42.7% |
| SG&A Expenses | N/A | $3.9M+750.2% | $3.8M+368.5% | $864K-0.3% | $770K-51.0% | $454K-67.7% | $814K-37.2% | $867K-56.6% |
| Operating Income | -$2.8Mn/m | -$4.2Mn/m | -$7.7Mn/m | -$1.7Mn/m | -$20.5Mn/m | -$43Kn/m | -$693Kn/m | -$812Kn/m |
| EBITDA | N/A | -$4.2Mn/m | -$7.6Mn/m | -$1.7Mn/m | -$20.5Mn/m | -$16Kn/m | -$665Kn/m | -$790Kn/m |
| Interest Expense | -$743-136.9% | $673+9.4% | $282-67.1% | $676-55.3% | $2K-30.6% | $615-76.1% | $857-96.0% | $2K-96.8% |
| Income Tax | $50K-84.8% | $50K | $100K+959.3% | N/A | $329K+1642.3% | N/A | $9K+57.2% | $11K-23.7% |
| Net Income | -$3.5Mn/m | -$2.3M-284.2% | -$3.1Mn/m | -$2.1Mn/m | -$23.5Mn/m | $1.3Mn/m | -$232Kn/m | -$951Kn/m |
| EPS (Basic) | -$1.64 | -$1.39 | -$3.47 | -$0.38 | N/A | $21.79 | -$11.32 | -$17.62 |
| EPS (Diluted) | -$1.64 | -$1.39 | -$3.47 | -$0.38 | N/A | $21.79 | -$11.32 | -$17.62 |
| Diluted Shares (Avg) | N/A | 2M | 895,444 | 6M | N/A | 57,810 | 20,518 | 53,954 |
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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.3M+29.9% | $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% |
| Current Assets | $9.7M+74.9% | $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% |
| Cash & Equivalents | $1.6M+571.8% | $2.9M+936.9% | $5.5M+2008.6% | $1.3M+1623.3% | $237K+18.4% | $281K-8.3% | $259K-78.9% | $73K-97.2% |
| Short-Term Investments | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $2Kn/m | $504Kn/m | $44Kn/m |
| Inventory | $23K+72.1% | $18K+47.6% | $136K+884.6% | $21K-4.4% | $13K-52.0% | $13K-74.1% | $14K-89.1% | $22K-94.2% |
| Accounts Receivable | $246K-84.6% | $548K-38.8% | $779K+202.4% | $1.4M+3538.7% | $1.6M | $895K+1130.6% | $257K+38.7% | $40K-74.0% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% |
| Goodwill | $523K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.8M+39.3% | $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% |
| Current Liabilities | $4.5M+21.9% | $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% |
| Non-Current Liabilities | $1.3M+177.5% | $1.2Mn/m | $2.4Mn/m | $1.1M+69771.8% | $461K+16702.5% | $0-100.0% | $0-100.0% | $2K-94.2% |
| Total Equity | $13.6M+26.3% | $15.6M-46.4% | $18.0M-2.4% | $12.0M+90.7% | $10.7M+217.8% | $29.1M+848.2% | $18.4M+399.1% | $6.3Mn/m |
| Retained Earnings | -$72.5Mn/m | -$69.0Mn/m | -$66.7Mn/m | -$63.5Mn/m | -$61.4Mn/m | -$38.0Mn/m | -$39.2Mn/m | -$39.0Mn/m |
Not reported in any period shown, so not listed: 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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7Mn/m | -$460Kn/m | -$3.0Mn/m | -$1.8Mn/m | -$3.7Mn/m | -$4.2Mn/m | -$606Kn/m | -$976Kn/m |
| Depreciation & Amortization | N/A | $13K-52.9% | $84K+201.3% | $21K+0.4% | $609-97.7% | $27K+1.6% | $28K+3.3% | $21K-42.7% |
| Stock-Based Compensation | N/A | $251K+258.9% | $787K+1024.6% | $100K+42.9% | N/A | $70K | $70Kn/m | $70Kn/m |
| Capital Expenditures | $8K-24.8% | $67K+3638.0% | $333K | $645K | $10K+500.3% | $2K+211.6% | N/A | N/A |
| Free Cash Flow | -$1.7Mn/m | -$527Kn/m | -$3.3M | -$2.4M | -$3.7Mn/m | -$4.2Mn/m | N/A | N/A |
| Investing Cash Flow | -$158Kn/m | -$1.9Mn/m | -$333Kn/m | -$705Kn/m | -$1.4Mn/m | -$2.2M-838291.8% | -$706Kn/m | -$1.5Mn/m |
| Financing Cash Flow | $595K-88.3% | $56K-99.1% | $7.5M+397.1% | $3.5M+42.2% | $5.1M+1353.5% | $6.4M+8776.2% | $1.5M+15541.9% | $2.4Mn/m |
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 | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.0%-68.2pp | 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 |
| Operating Margin | -117.7% | -278.9% | -709.4% | -953.5% | -1773.8% | -6.5%+79.4pp | -229.5% | -391.4% |
| Net Margin | -146.3% | -154.7% | -287.7% | -1169.1% | -2031.1% | 189.0% | -77.0%-59.1pp | -458.5% |
| Return on Equity | -25.9%+192.4pp | -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% |
| Return on Assets | -18.2%+139.5pp | -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 |
| Current Ratio | 2.16+0.7x | 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 |
| Liabilities-to-Equity | 0.420.0x | 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 |
| Asset Turnover | 0.120.0x | 0.070.0x | 0.040.0x | 0.010.0x | 0.080.0x | 0.02-0.4x | 0.02-1.3x | 0.03-2.4x |
| FCF Margin | -70.7% | -35.1% | -305.5% | -1318.2% | -318.2% | -635.6% | N/A | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Treasure Global Inc. TGL | FY2026 | $5.2M | -$11.1M | N/A | $2.7M | 23/100 |
| Jet.AI Inc. JTAI | FY2025 | $9.2M | $4.6M | 50.0% | $2.9M | 23/100 |
| CXApp Inc. CXAI | FY2025 | $4.6M | -$13.5M | N/A | $3.1M | 33/100 |
| 3 E Network Technology Group Ltd MASK | FY2025 | $4.8M | $765K | 15.8% | $3.1M | 86/100 |
| Heartcore Enterprises, Inc. HTCR | FY2025 | $9.0M | $5.8M | 64.6% | $2.2M | 30/100 |
| Amesite Inc. AMST | FY2026 | $365K | -$3.1M | N/A | $3.7M | — |
Where Treasure Global Inc. Ranks
Frequently Asked Questions
Treasure Global Inc. (TGL) reported $5.2M in total revenue for fiscal year 2026. This represents a 121.8% 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.
Treasure Global Inc. (TGL) revenue grew by 121.8% year-over-year, from $2.3M to $5.2M in fiscal year 2026.
No, Treasure Global Inc. (TGL) reported a net loss of $11.1M in fiscal year 2026.
Treasure Global Inc. (TGL) had EBITDA of -$16.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
Treasure Global Inc. (TGL) had a gross margin of 0.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
Treasure Global Inc. (TGL) has a return on equity of -81.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
Treasure Global Inc. (TGL) recorded an outflow of $7.9M in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Treasure Global Inc. (TGL) recorded an outflow of $6.9M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
Treasure Global Inc. (TGL) had $19.3M in total assets as of fiscal year 2026, including both current and long-term assets.
Treasure Global Inc. (TGL) invested $1.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
Treasure Global Inc. (TGL) invested $1.6M in research and development during fiscal year 2026.
Treasure Global Inc. (TGL) had a current ratio of 2.16 as of fiscal year 2026, which is generally considered healthy.
Treasure Global Inc. (TGL) had a liabilities-to-equity ratio of 0.42 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2026, because the filing data we hold for that year carries no long-term debt figure.
Treasure Global Inc. (TGL) had a return on assets of -57.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
Treasure Global Inc. (TGL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $2.7M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Treasure Global Inc. (TGL) trades at 0.5x sales, its market capitalization divided by $5.2M revenue, FY2026. The market capitalization is $2.7M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2026, Treasure Global Inc. (TGL) held $1.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.9M over that year. Dividing the one by the other, the reported balance equals about 3 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.
Treasure Global Inc. (TGL) has an Altman Z-Score of -7.19, 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.
Treasure Global Inc. (TGL) has a Piotroski F-Score of 5 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.
Treasure Global Inc. (TGL) reported a net loss of $11.1M while operations used $6.9M 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.
Treasure Global Inc. (TGL) reported an operating loss of $16.4M against $888 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.
Treasure Global Inc. (TGL) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average 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. For Treasure Global Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.