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).
Revenue mix appears to have reset, but operating cash burn still dominates, leaving the business reliant on outside funding.
From FY2024 to FY2025, gross profit nearly doubled to$1.67M even as revenue fell89.4% , which points to a sharp mix shift away from low-margin activity rather than simple contraction. Yet operating cash flow worsened to-$9.48M while capex was only$15K , showing the company is overhead-intensive and that cash consumption comes mainly from running the business, not from building assets.
FY2025's current ratio improved to 1.5x and debt-to-equity stayed modest at 0.4x, so the balance sheet looks less strained than in earlier years despite continuing losses. But that cushion is not cash-rich: cash was only
The company finished FY2025 with only a small cash balance because
Financial Health Signals
Scored against operating 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. 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 13/100, suggesting thin profitability after operating expenses. This is down from -27.5% the prior year.
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 1/100.
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 65/100, indicating a strong balance sheet with room for future borrowing.
Treasure Global Inc.'s current ratio of 1.51 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
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 4/100, reflecting heavy capital investment rather than weak cash generation.
Treasure Global Inc.'s ROE of -217.6% shows moderate profitability relative to equity, earning a score of 31/100. This is down from -194.8% the prior year.
Treasure Global Inc. scores -9.58, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.4M) 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 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
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.
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
Earnings & Revenue
Treasure Global Inc. generated $2.3M in revenue in fiscal year 2025. This represents a decrease of 89.4% from the prior year.
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.
Treasure Global Inc. reported -$23.4M in net income in fiscal year 2025. This represents a decrease of 254.9% from the prior year.
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 & Balance Sheet
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.
Treasure Global Inc. held $237K in cash against $0 in long-term debt as of fiscal year 2025.
Treasure Global Inc. had 207,470 shares outstanding in fiscal year 2025. This represents an increase of 520.6% from the prior year.
Margins & Returns
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.
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.
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.
Treasure Global Inc.'s ROE was -217.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 22.8 percentage points from the prior year.
Capital Allocation
Treasure Global Inc. invested $216K in research and development in fiscal year 2025. This represents an increase of 357.3% from the prior year.
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 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M+38.8% | $1.1M+492.2% | $183K-84.2% | $1.2M+73.3% | $667K+120.8% | $302K+45.6% | $207K-29.2% | $293K |
| Cost of Revenue | $1.5M+38.4% | $1.1M+495.9% | $181K-50.7% | $367K+103.8% | $180K+131.2% | $78K+121.4% | $35K-82.6% | $202K |
| Gross Profit | $6K+607.3% | $907-29.5% | $1K-99.8% | $787K+61.9% | $486K+117.1% | $224K+30.1% | $172K+89.6% | $91K |
| R&D Expenses | $79K+219.8% | $25K-96.8% | $778K+497.5% | $130K+2337.1% | $5K-83.9% | $33K-29.8% | $47K+113.3% | -$355K |
| SG&A Expenses | $3.8M+0.6% | $3.8M+349.4% | $843K-48.0% | $1.6M+263.2% | $446K-42.3% | $774K-1.9% | $789K-42.6% | $1.4M |
| Operating Income | -$4.2M+45.4% | -$7.7M-340.6% | -$1.7M+91.5% | -$20.5M-47088.0% | -$43K+93.7% | -$693K+14.6% | -$812K+51.8% | -$1.7M |
| Interest Expense | $84-70.2% | $282-58.3% | $676-66.5% | $2K+227.8% | $615-28.2% | $857-43.3% | $2K-48.0% | $3K |
| Income Tax | $50K-50.0% | $100K | N/A | N/A | N/A | $9K-17.1% | $11K | N/A |
| Net Income | -$2.3M+25.4% | -$3.1M-45.7% | -$2.1M+90.9% | -$23.5M-1961.5% | $1.3M+642.3% | -$232K+75.6% | -$951K+38.3% | -$1.5M |
| EPS (Diluted) | $-1.39+59.9% | $-3.47-813.2% | $-0.38 | N/A | $21.79 | $-11.32+35.8% | $-17.62 | N/A |
TGL Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.6M-10.9% | $24.2M+46.0% | $16.6M+11.6% | $14.9M-51.1% | $30.4M+59.3% | $19.1M+168.6% | $7.1M+66.2% | $4.3M |
| Current Assets | $17.2M+1.0% | $17.0M+293.2% | $4.3M-21.8% | $5.5M-48.2% | $10.7M+399.6% | $2.1M+77.2% | $1.2M+26.0% | $957K |
| Cash & Equivalents | $2.9M-46.6% | $5.5M+336.0% | $1.3M+427.9% | $237K-15.7% | $281K+8.7% | $259K+256.4% | $73K-63.7% | $200K |
| Inventory | $18K-86.5% | $136K+545.3% | $21K+60.3% | $13K+5.4% | $13K-9.7% | $14K-37.4% | $22K-19.5% | $27K |
| Accounts Receivable | $548K-29.6% | $779K-46.1% | $1.4M-9.3% | $1.6M+78.0% | $895K+247.7% | $257K+548.3% | $40K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.0M-4.8% | $6.3M+35.7% | $4.6M+11.9% | $4.1M+216.6% | $1.3M+87.9% | $694K-16.5% | $831K-7.5% | $898K |
| Current Liabilities | $4.8M+24.0% | $3.9M+10.0% | $3.5M-4.0% | $3.7M+181.2% | $1.3M+87.9% | $694K-16.3% | $829K-7.4% | $895K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $15.6M-13.0% | $18.0M+50.0% | $12.0M+11.4% | $10.7M-63.1% | $29.1M+58.2% | $18.4M+193.1% | $6.3M+85.7% | $3.4M |
| Retained Earnings | -$69.0M-3.5% | -$66.7M-4.9% | -$63.5M-3.5% | -$61.4M-61.8% | -$38.0M+3.2% | -$39.2M-0.6% | -$39.0M-2.5% | -$38.0M |
TGL Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$460K+84.5% | -$3.0M-68.6% | -$1.8M+51.9% | -$3.7M+13.5% | -$4.2M-598.6% | -$606K+37.9% | -$976K-76.7% | -$552K |
| Capital Expenditures | $67K-79.8% | $333K-48.4% | $645K+6178.6% | $10K+470.3% | $2K | N/A | N/A | $2K |
| Free Cash Flow | -$527K+84.0% | -$3.3M-37.3% | -$2.4M+34.5% | -$3.7M+13.3% | -$4.2M | N/A | N/A | -$554K |
| Investing Cash Flow | -$1.9M-465.9% | -$333K+52.8% | -$705K+50.5% | -$1.4M+33.9% | -$2.2M-205.1% | -$706K+52.5% | -$1.5M-3137.4% | -$46K |
| Financing Cash Flow | $56K-99.3% | $7.5M+116.2% | $3.5M-31.7% | $5.1M-20.8% | $6.4M+325.4% | $1.5M-38.2% | $2.4M+597.9% | $349K |
| 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 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.4%+0.4pp | 0.1%-0.6pp | 0.7%-67.5pp | 68.2%-4.8pp | 73.0%-1.2pp | 74.2%-8.9pp | 83.0%+52.0pp | 31.0% |
| Operating Margin | -278.9%+430.5pp | -709.4%+244.2pp | -953.6%+820.3pp | -1773.8%-1767.3pp | -6.5%+223.0pp | -229.6%+161.9pp | -391.4%+183.5pp | -574.9% |
| Net Margin | -154.7%+133.0pp | -287.7%+881.4pp | -1169.1%+862.0pp | -2031.1%-2220.1pp | 189.0%+266.0pp | -77.0%+381.5pp | -458.5%+67.8pp | -526.3% |
| Return on Equity | -14.9%+2.5pp | -17.3%+0.5pp | -17.8%+200.5pp | -218.3%-222.6pp | 4.3%+5.6pp | -1.3%+13.9pp | -15.1%+30.5pp | -45.6% |
| Return on Assets | -10.8%+2.1pp | -12.8%+0.0pp | -12.9%+144.8pp | -157.7%-161.8pp | 4.1%+5.4pp | -1.2%+12.2pp | -13.4%+22.7pp | -36.0% |
| Current Ratio | 3.57-0.8 | 4.38+3.2 | 1.23-0.3 | 1.51-6.7 | 8.18+5.1 | 3.08+1.6 | 1.45+0.4 | 1.07 |
| Debt-to-Equity | 0.38+0.0 | 0.35-0.0 | 0.390.0 | 0.38+0.3 | 0.040.0 | 0.04-0.1 | 0.13-0.1 | 0.27 |
| FCF Margin | -35.1%+270.4pp | -305.6%+1012.7pp | -1318.2%-1000.0pp | -318.2%+317.4pp | -635.6% | N/A | N/A | -189.1% |
Similar Companies
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 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 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) 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.
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 Altman Z-Score?
Treasure Global Inc. (TGL) has an Altman Z-Score of -9.58, 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 3 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) 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 26 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.