Treasure Global, Inc. (TGL)
NASDAQ:TGL
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Treasure Global, Inc.
(NASDAQ:TGL)
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Rating:45Neutral
Price Target:
$3.50
▼(-48.38% Downside)
Action:ReiteratedDate:03/13/26
The score is held down primarily by heavy ongoing losses and negative free cash flow, reinforced by bearish technicals (below major moving averages and negative MACD). Positive corporate actions (financing, strategic refocus, and reduced AI payment obligations) offer some support, but valuation signals remain constrained by unprofitability.
Positive Factors
Revenue Growth
Sustained TTM revenue growth of ~34% indicates durable demand and improved product-market fit for its consumer digital platforms. Strong top-line expansion provides operating leverage potential and underpins investments in user acquisition, technology, and merchant relationships over the next several quarters.
Negative Factors
Cash Burn
Material negative operating and free cash flow indicate ongoing cash consumption that will require external financing or sustained margin improvement. Persistent burn constrains strategic flexibility, risks dilution, and puts pressure on execution timelines to achieve self-sustaining cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained TTM revenue growth of ~34% indicates durable demand and improved product-market fit for its consumer digital platforms. Strong top-line expansion provides operating leverage potential and underpins investments in user acquisition, technology, and merchant relationships over the next several quarters.
Read all positive factors
Treasure Global, Inc. (TGL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.30M
Dividend YieldN/A
Average Volume (3M)4.34M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth-73.83%
EPS Growth98.11%
CountryUS
Employees25
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-3.47
Shares Outstanding1,675,725
10 Day Avg. Volume1,269,950
30 Day Avg. Volume4,339,695
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)2.41
Price to Sales (P/S)11.11
P/FCF Ratio-2.73
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue2.77
Enterprise Value/Gross Profit6.70
Enterprise Value/Ebitda-1.32
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Treasure Global, Inc. Business Overview & Revenue Model
Company Description
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 platform t...
How the Company Makes Money
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Treasure Global, Inc. Earnings Call Summary
Earnings Call Date:May 15, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Neutral
Treasure Global demonstrated significant achievements in AI and blockchain, as well as improved profitability and recognition in the e-commerce sector. However, these gains were overshadowed by a substantial revenue decline and reduced cash reserves, indicating challenges in maintaining user engagement and financial stability.Positive Updates
ZCITY Premium Store Success
The launch of the ZCITY Premium Store exceeded expectations, enhancing gross profit margins and driving transactions with over 6,000 Bill Saver Bonanza Packs sold in four months.
Negative Updates
Revenue Decline
Total revenue for the quarter was USD 1.6 million, reflecting a decrease of approximately 76% compared to USD 6.7 million in the second quarter of fiscal year 2024.
Read all updates
Q3-2024 Updates
Positive
Negative
ZCITY Premium Store Success
The launch of the ZCITY Premium Store exceeded expectations, enhancing gross profit margins and driving transactions with over 6,000 Bill Saver Bonanza Packs sold in four months.
Read all positive updates
Company Guidance
In the third quarter of fiscal year 2024, Treasure Global Inc. demonstrated significant progress across various metrics, despite a challenging macro environment. The company reported a substantial increase in gross profit, reaching USD 217,000, up by 47% from the previous year. However, total revenue for the quarter saw a decline to USD 1.6 million, a 76% drop compared to the previous quarter, attributed to the strategic shift towards higher-margin business channels. Net losses decreased significantly to approximately USD 1.7 million from USD 2.9 million the previous year, driven by cost management and operational efficiency improvements. The company's cash balance stood at approximately USD 0.3 million as of March 31, 2024, with future sales expected to bolster this position. ZCITY, a key platform for Treasure Global, reported over 2.69 million registered users, 2,027 registered merchants, and 41,455 quarterly active users, with 0.19 million transactions recorded in the quarter. Despite some declines in user engagement, the company remains optimistic about ZCITY's long-term growth potential, focusing on enhancing features and offerings. The call highlighted the company's strategic initiatives, including AI-driven innovations, market expansion, and a new partnership within the blockchain sector, as well as a USD 2 million marketing contract with Satria Dunia Sdn Bhd to promote Korean beauty products. Treasure Global's commitment to innovation and strategic market positioning is poised to drive sustained growth and shareholder value.Treasure Global, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Jun 2023 | Sep 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.08M | 2.33M | 22.07M | 69.41M | 79.67M | 14.02M |
| Gross Profit | 1.28M | 1.67M | 816.06K | 523.28K | 476.19K | 139.94K |
| EBITDA | -6.46M | -4.37M | -5.35M | -10.10M | -10.06M | -7.51M |
| Net Income | -27.44M | -23.38M | -6.59M | -11.73M | -11.75M | -7.92M |
Balance Sheet | ||||||
| Total Assets | 24.23M | 14.87M | 4.28M | 6.37M | 2.70M | 3.69M |
| Cash, Cash Equivalents and Short-Term Investments | 5.45M | 236.90K | 371.65K | 4.59M | 1.85M | 2.84M |
| Total Debt | 99.16K | 159.24K | 64.71K | 5.03M | 14.89M | 5.07M |
| Total Liabilities | 6.27M | 4.13M | 897.85K | 6.50M | 18.30M | 10.21M |
| Stockholders Equity | 17.96M | 10.74M | 3.38M | -130.33K | -15.60M | -6.52M |
Cash Flow | ||||||
| Free Cash Flow | -13.81M | -9.48M | -4.92M | -9.65M | -8.98M | -6.88M |
| Operating Cash Flow | -12.83M | -9.48M | -4.71M | -9.56M | -8.66M | -6.80M |
| Investing Cash Flow | -4.73M | -5.77M | -252.61K | -61.24K | -311.74K | -84.85K |
| Financing Cash Flow | 22.77M | 15.43M | 350.47K | 12.66M | 8.16M | 9.80M |
Treasure Global, Inc. Technical Analysis
Negative
6.78
Price Trends
4.32
Negative
6.88
Negative
14.01
Negative
Market Momentum
-0.20
Negative
43.09
Neutral
51.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGL, the sentiment is Negative. The current price of 6.78 is above the 20-day moving average (MA) of 3.82, above the 50-day MA of 4.32, and below the 200-day MA of 14.01, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 43.09 is Neutral, neither overbought nor oversold. The STOCH value of 51.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TGL.
Treasure Global, Inc. Risk Analysis
Treasure Global, Inc. disclosed 48 risk factors in its most recent earnings report. Treasure Global, Inc. reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Treasure Global, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
TGL
Treasure Global, Inc.
3.76
-35.44
-90.41%
QH
Quhuo
0.02
-114.28
-99.98%
GITS
Global Interactive Technologies
2.40
1.34
126.42%
LGCL
Lucas GC Limited
1.75
-12.25
-87.50%
Treasure Global, Inc. Corporate Events
Business Operations and StrategyProduct-Related Announcements
Treasure Global Subsidiary Signs App Enhancement Agreement
Positive
Mar 12, 2026
On March 11, 2026, TADAA Technologies Sdn Bhd, a subsidiary of Treasure Global Inc., entered into a Software Enhancement Agreement with Malaysia-based Apexcode Innovations Sdn Bhd to provide technology services for its Tazte Apps application. TADA...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Treasure Global Adopts Flexible At-The-Market Equity Program
Neutral
Feb 3, 2026
On January 28, 2026, Treasure Global Inc. entered into an at-the-market offering agreement with Kingswood Capital Partners to potentially sell up to $10.1 million of its common stock from time to time under an existing shelf registration, with the...
Business Operations and Strategy
Treasure Global Amends AI Services Deal, Gains Equity Stake
Positive
Jan 2, 2026
On December 26, 2025, Treasure Global, Inc. entered into a third supplemental letter agreement with V Gallant SDN BHD to amend their existing services arrangement for generative AI solutions and AI digital human technology, reducing the total cons...
Business Operations and StrategyM&A Transactions
Treasure Global Divests Non-Core Platform to Refocus Strategy
Positive
Dec 29, 2025
Treasure Global, Inc. has entered into a Share Sale Agreement dated December 22, 2025, to divest a non-core food and beverage platform, after which it will no longer own any equity interest in the target or its subsidiary nor manage or operate tha...
Business Operations and StrategyExecutive/Board Changes
Treasure Global Names New CFO Amid Leadership Shift
Neutral
Dec 17, 2025
On December 15, 2025, Treasure Global, Inc. announced the resignation of its Chief Financial Officer, Ms. Chan See Wah, effective December 31, 2025, and the promotion of Mr. Pusparajan a/l Vadiveloo as her replacement, effective December 17, 2025....
Business Operations and StrategyPrivate Placements and Financing
Treasure Global Raises $2.5M in Direct Offering
Positive
Dec 15, 2025
On December 10, 2025, Treasure Global Inc. announced the pricing of a registered direct offering, raising USD 2,500,000 through the sale of 250,000 shares of common stock. The offering, which closed on December 12, 2025, was conducted under the co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.