TGL

MKT CAP:$16M

Treasure Global Inc.

Market Cap

$16M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$4.54-$2.49 (-35.42%)

Apr 21, 2026

Company Details

Treasure Global Inc. designs and develops a Malaysian e-commerce platform that helps subscribers to connect with local merchants by offer activities, travel, goods, services and rewards. The company offers z-city, a cross profit-sharing pla...

CEO

Carlson Thow

IPO Date

Aug 11, 2022

Website

treasureglobal.co

Key Metrics TTM

Revenue

$3M

+28.6% YoY

Net Income

-$27M

EPS (Diluted)

-$8.41

Free Cash Flow

-$14M

Revenue / Share

$3.45

Gross Margin

41.4%

Operating Margin

-871.7%

Net Margin

-889.5%

FCF Margin

-447.8%

P/S

5.2x

P/E

—

Earnings Reports

Q3 2026

May 14, 2026

PENDING

Q2 2026

Feb 23, 2026

$1M+258.1%EPS -$3.47

Q1 2026

Nov 14, 2025

$182.5K-12.0%EPS -$0.38

FY 2025

Oct 14, 2025

$2M-89.4%EPS -$19.87

Q4 2025

Oct 14, 2025

$1M+294.1%EPS -$5.65

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$21M	$15.5K	-$3M
Q4 22	$16M	$249.6K	-$2M
Q1 23	$16M	$37.1K	-$3M
Q2 23	$20M	$234.0K	-$2M
Q3 23	$18M	$147.8K	-$3M
Q4 23	$15M	$71.2K	-$3M
Q1 24	$13M	$162.6K	-$2M
Q2 24	$7M	$345.6K	-$1M
Q3 24	$2M	$217.0K	-$1M
Q4 24	$293.0K	$90.8K	-$2M
Q1 25	$207.4K	$172.2K	-$811.7K
Q2 25	$301.9K	$224.0K	-$693.0K
Q3 25	$666.5K	$486.3K	-$43.4K
Q4 25	$1M	$787.4K	-$20M
Q1 26	$182.5K	$1.3K	-$2M
Q2 26	$1M	$907	-$5M

Valuation

Quarter	P/S	P/E
Q3 22	3879.7x	—
Q4 22	3752.8x	—
Q1 23	1406.0x	—
Q2 23	1211.6x	—
Q3 23	1713.6x	—
Q4 23	905.8x	—
Q1 24	435.8x	—
Q2 24	280.7x	—
Q3 24	277.0x	—
Q4 24	344.8x	—
Q1 25	2911.1x	—
Q2 25	1625.4x	—
Q3 25	161.3x	—
Q4 25	53.6x	—
Q1 26	59.1x	—
Q2 26	12.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$2M	-$2M
Q4 22	-$3M	-$3M
Q1 23	-$2M	-$2M
Q2 23	-$2M	-$2M
Q3 23	-$2M	-$2M
Q4 23	-$3M	-$3M
Q1 24	-$2M	-$2M
Q2 24	-$1M	-$1M
Q3 24	-$1M	-$1M
Q4 24	-$552.4K	-$553.6K
Q1 25	-$976.3K	-$976.3K
Q2 25	-$606.2K	-$608.9K
Q3 25	-$4M	-$4M
Q4 25	-$4M	-$4M
Q1 26	-$2M	-$2M
Q2 26	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q3 22	$74.6K
Q4 22	$61.3K
Q1 23	$34.4K
Q2 23	$37.2K
Q3 23	$11.3K
Q4 23	$3.3K
Q1 24	$6.2K
Q2 24	$200.7K
Q3 24	$0
Q4 24	$1.2K
Q1 25	$0
Q2 25	$2.7K
Q3 25	$0
Q4 25	$10.6K
Q1 26	$644.9K
Q2 26	$332.7K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+6069.8%	+763.9%
Q4 22	+19.2%	+8.2%
Q1 23	-23.6%	-20.7%
Q2 23	-8.6%	-10.3%
Q3 23	-14.0%	-11.2%
Q4 23	-6.0%	-3.0%
Q1 24	-13.5%	-15.4%
Q2 24	-67.2%	-65.3%
Q3 24	-91.2%	-85.9%
Q4 24	-98.1%	-89.0%
Q1 25	-98.5%	-93.4%
Q2 25	-95.5%	-87.2%
Q3 25	-58.2%	-76.1%
Q4 25	+294.1%	+994.3%
Q1 26	-12.0%	+88.7%
Q2 26	+258.1%	+473.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$321.1K	1.5%
Q4 22	$321.1K	2.0%
Q1 23	$439.3K	2.8%
Q2 23	$0	0.0%
Q3 23	$380.0K	2.1%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$93.1K	31.8%
Q1 25	$70.0K	33.8%
Q2 25	$70.0K	23.2%
Q3 25	$70.0K	10.5%
Q4 25	$0	0.0%
Q1 26	$100.0K	54.8%
Q2 26	$787.2K	72.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 22	$68.3K	$1M	$1M
Q4 22	$5.1K	$1M	$1M
Q1 23	$129.3K	$1M	$1M
Q2 23	$167.9K	$855.6K	$1M
Q3 23	$106.0K	$2M	$1M
Q4 23	$145.9K	$2M	$987.5K
Q1 24	$82.4K	$1M	$761.7K
Q2 24	$138.2K	$786.0K	$510.6K
Q3 24	$181.5K	$1M	$292.3K
Q4 24	$111.4K	$1M	$196.3K
Q1 25	$47.2K	$858.9K	$77.7K
Q2 25	$33.1K	$844.2K	$39.7K
Q3 25	$5.3K	$516.4K	—
Q4 25	$130.2K	$1M	—
Q1 26	$778.0K	$842.9K	—
Q2 26	$24.7K	$4M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 22	6069.8%	-12.2%	6057.7
Q4 22	19.2%	-13.8%	5.5
Q1 23	-23.6%	-16.6%	-40.2
Q2 23	-8.6%	-9.6%	-18.2
Q3 23	-14.0%	-15.7%	-29.7
Q4 23	-6.0%	-17.7%	-23.8
Q1 24	-13.5%	-13.2%	-26.7
Q2 24	-67.2%	-13.2%	-80.3
Q3 24	-91.2%	-92.4%	-183.6
Q4 24	-98.1%	-411.9%	-509.9
Q1 25	-98.5%	-291.6%	-390.0
Q2 25	-95.5%	-2.3%	-97.8
Q3 25	-58.2%	216.8%	158.6
Q4 25	294.1%	-250.8%	43.4
Q1 26	-12.0%	-1150.4%	-1162.4
Q2 26	258.1%	-269.5%	-11.4

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$2M	$0	$2M
Q4 22	$2M	$0	$2M
Q1 23	$7M	$7.3K	$7M
Q2 23	$5M	$0	$5M
Q3 23	$4M	$0	$4M
Q4 23	$5M	$0	$5M
Q1 24	$3M	$0	$3M
Q2 24	$1M	$0	$1M
Q3 24	$306.5K	$0	$306.5K
Q4 24	$200.0K	$171.6K	$371.6K
Q1 25	$72.6K	$44.1K	$116.7K
Q2 25	$258.6K	$504.3K	$762.9K
Q3 25	$281.0K	$2.5K	$283.5K
Q4 25	$236.9K	$0	$236.9K
Q1 26	$1M	$0	$1M
Q2 26	$5M	$0	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	4K	-14.6%	+40.1%
Q4 22	3K	-30.2%	-2.2%
Q1 23	4K	+34.9%	+31.9%
Q2 23	5K	+24.3%	0.0%
Q3 23	5K	+1.7%	+19.0%
Q4 23	5K	-5.0%	+61.9%
Q1 24	5K	+14.1%	+37.0%
Q2 24	11K	+98.4%	+118.6%
Q3 24	15K	+36.7%	+194.1%
Q4 24	33K	+126.4%	+601.0%
Q1 25	54K	+61.4%	+891.3%
Q2 25	410K	+660.6%	+3700.4%
Q3 25	1M	+181.8%	+7730.7%
Q4 25	4M	+258.9%	+12311.5%
Q1 26	6M	+36.9%	+10431.1%
Q2 26	895K	-84.2%	+118.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	—	—
Q4 22	$176.5K	92
Q1 23	$169.1K	92
Q2 23	$222.2K	92
Q3 23	$197.3K	92
Q4 23	$148.1K	103
Q1 24	$130.7K	103
Q2 24	$65.2K	103
Q3 24	$15.5K	103
Q4 24	$11.7K	25
Q1 25	$8.3K	25
Q2 25	$12.1K	25
Q3 25	$26.7K	25
Q4 25	$72.2K	16
Q1 26	$11.4K	16
Q2 26	$67.6K	16

Revenue / Employee