# Treasure Global Inc. (TGL)

> Source: Nexqual · https://nexqual.com/TGL · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Treasure Global Inc. (TGL), nexqual.com/TGL" · informational, not investment advice.

**Price:** USD 0.22 (-6.66% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 0.24 · day 0.21–0.23 · 52w 0.19–58 · market cap $433K · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.2M, net income -$11.1M (-214.4% margin), free cash flow -$7.9M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -98.5% vs S&P 500 +13.4%; 5Y -100.0% vs S&P 500 +76.9%.
- Next earnings: 2026-11-12, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $79.7M | $69.4M | $22.1M | $2.3M | $5.2M | $5.2M |
| Gross profit | $476K | $523K | $816K | $1.7M | $9K | — |
| Operating income | -$10.2M | -$10.2M | -$6.1M | -$22.0M | -$16.4M | -$16.4M |
| Net income | -$11.7M | -$11.7M | -$6.6M | -$23.4M | -$11.1M | -$11.1M |
| EPS (diluted) | -$78400.00 | -$49180.00 | -$7670.80 | -$397.33 | -$9.63 | — |
| Free cash flow | -$9.0M | -$9.6M | -$4.7M | -$9.5M | -$7.9M | -$7.9M |
| Gross margin | 0.6% | 0.8% | 3.7% | 71.6% | 0.2% | — |
| Operating margin | -12.8% | -14.7% | -27.5% | -945.3% | -317.7% | -317.7% |
| Net margin | -14.7% | -16.9% | -29.8% | -1003.1% | -214.4% | -214.4% |
| Revenue growth | +468.3% | -12.9% | -68.2% | -89.4% | +121.8% | — |
| Cash + short-term investments | $1.8M | $4.6M | $372K | — | — | — |
| Total debt | $1.4M | $379K | $1.8M | — | — | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.1x · P/B 0.0x · FCF yield -1833.06% · Earnings yield -2560.08%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2022-08-08) |
|---|---|---|
| Total return | -98.5% | -100.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -98.5% | -97.0% |
| Volatility (annualized) | 239.5% | 153.3% |
| Max drawdown | -99.1% (Dec 2025→Oct 2026) | -100.0% (Aug 2022→Oct 2026) |

## Peers (Software - Application)
NICE (NICE Ltd) USD 121.18 +3.44% · APPF (AppFolio, Inc.) USD 210.62 -3.09% · DSGX (The Descartes Systems Group Inc) USD 93.96 -0.04% · TTAN (ServiceTitan, Inc.) USD 87.06 +2.18% · IDCC (InterDigital, Inc.) USD 327.28 -1.44% · YMM (Full Truck Alliance Co. Ltd.) USD 8.29 -0.72%

## More
Full page: https://nexqual.com/TGL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TGL's own 10-K filed 2026-10-13 (https://www.sec.gov/Archives/edgar/data/1905956/000121390026109073/ea0306002-10k_treausre.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "We have in place a "Disaster Recovery" ("DR") initiative, which we rely on the "AWS" cloud facilities to ensure as described below:" |
| Partner | V Gallant | "On October 29, 2024, we entered into a service agreement with V Gallant Sdn Bhd to provide generative AI solutions and AI digital human technology services." |
| Partner | VCI Global Ltd (VCIG) | "On July 19, 2023 ("Commencement Date"), the Company entered into a software developing agreement ("Developing Agreement") with VCI Global Limited ("VCI"), an unrelated third party for collaboration and co-operating in th…" |
| Competitor | Alphabet (Google) (GOOGL) | "The resulting promotion of Google's own competing products in its web search results has negatively impacted the search ranking of our website." |

Other companies that name TGL in their own reports (relationship from TGL's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | VCI Global Ltd (VCIG) | 20-F 2026-07-15 | "("TGL") as part of the partnership agreement signed on August 1, 2024 between the Company and TGL, in which TGL shall periodically" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Gift Card E Voucher Revenue | $2.4M | 99.7% | +4186.0% |
| Product Revenues | $10,982 | 0.5% | +998.2% |
| Loyalty Program Revenue | $6,600 | 0.3% | -96.4% |
| Transaction Revenue | $493 | 0.0% | -97.6% |
| Total revenue | $2.4M | 100% | — |

## Customer concentration

Period ended 2025-06-30: 63.5% of revenue from unnamed direct customers (10-K, filed 2026-10-13).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2026-06-30) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |