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Treasure Global, Inc.
(NASDAQ:TGL)
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Rating:44Neutral
Price Target:
$3.50
▼(-48.38% Downside)
Action:Reiterated
Date:07/17/26
The score is primarily held down by weak financial performance—extreme losses and continued cash burn outweigh recent revenue growth, despite a cleaner balance sheet. Technicals also remain bearish with the stock below major moving averages and negative MACD. Corporate events provide only modest support, while valuation is constrained by ongoing losses and no dividend yield data.
Positive Factors
Revenue Growth
Sustained TTM revenue growth indicates improving platform traction and expanding commercial activity on ZCITY. Over 2–6 months this supports scale benefits: more merchant participation, better data for monetization, and the potential to leverage fixed technology costs to improve unit economics if growth continues.
Negative Factors
Negative Operating Cash Flow
Deep, persistent negative operating and free cash flow indicate operations are not self‑funding. Over the next several months this necessitates external financing or asset drawdowns, constrains discretionary spending, and raises execution risk for growth initiatives until cash flow turns positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained TTM revenue growth indicates improving platform traction and expanding commercial activity on ZCITY. Over 2–6 months this supports scale benefits: more merchant participation, better data for monetization, and the potential to leverage fixed technology costs to improve unit economics if growth continues.
Read all positive factors
Treasure Global, Inc. (TGL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.41M
Dividend YieldN/A
Average Volume (3M)4.34M
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth166.83%
EPS Growth90.08%
CountryUS
Employees12
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-10.89
Shares Outstanding1,954,832
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
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. (TGL) operates an e-commerce platform specifically designed for the Malaysian market. This digital marketplace connects consumers with local businesses, providing access to a wide array of activities, travel packages, various ...
How the Company Makes Money
Treasure Global’s monetization is primarily tied to transactions and commercial activity facilitated through its platform(s) (notably the ZCITY app) and services provided to participating merchants. Revenue sources described by the company include...
Treasure Global, Inc. Earnings Call Summary
Earnings Call Date:May 15, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 23, 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
54
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Jun 2023 | Sep 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.92M | 2.33M | 22.07M | 69.41M | 79.67M | 14.02M |
| Gross Profit | 796.03K | 1.67M | 816.06K | 523.28K | 476.19K | 139.94K |
| EBITDA | -10.15M | -4.37M | -5.35M | -10.10M | -10.06M | -7.51M |
| Net Income | -31.02M | -23.38M | -6.59M | -11.73M | -11.75M | -7.92M |
Balance Sheet | ||||||
| Total Assets | 21.59M | 14.87M | 4.28M | 6.37M | 2.70M | 3.69M |
| Cash, Cash Equivalents and Short-Term Investments | 2.91M | 236.90K | 371.65K | 4.59M | 1.85M | 2.84M |
| Total Debt | 55.78K | 159.24K | 64.71K | 5.03M | 14.89M | 5.07M |
| Total Liabilities | 5.97M | 4.13M | 897.85K | 6.50M | 18.30M | 10.21M |
| Stockholders Equity | 15.62M | 10.74M | 3.38M | -130.33K | -15.60M | -6.52M |
Cash Flow | ||||||
| Free Cash Flow | -10.11M | -9.48M | -4.92M | -9.65M | -8.98M | -6.88M |
| Operating Cash Flow | -9.05M | -9.48M | -4.71M | -9.56M | -8.66M | -6.80M |
| Investing Cash Flow | -4.46M | -5.77M | -252.61K | -61.24K | -311.74K | -84.85K |
| Financing Cash Flow | 16.41M | 15.43M | 350.47K | 12.66M | 8.16M | 9.80M |
Treasure Global, Inc. Technical Analysis
Negative
6.78
Price Trends
4.12
Negative
4.10
Negative
7.71
Negative
Market Momentum
-0.11
Positive
40.39
Neutral
32.93
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 3.91, above the 50-day MA of 4.12, and below the 200-day MA of 7.71, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 40.39 is Neutral, neither overbought nor oversold. The STOCH value of 32.93 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
44 Neutral | $7.41M | -0.34 | -157.27% | ― | 166.83% | 90.08% | |
42 Neutral | $26.65B | -0.03 | 0.62% | ― | -16.91% | 80.02% | |
| ― | $7.94M | -1.62 | ― | ― | ― | ― | |
50 Neutral | $54.34M | 0.02 | 3.06% | ― | -1.61% | 1929.09% |
* Technology Sector Average
TGL
Treasure Global, Inc.
3.69
-18.71
-83.53%
QH
Quhuo
6.09
-4,286.91
-99.86%
GITS
Global Interactive Technologies
2.11
-0.65
-23.55%
LGCL
Lucas GC Limited
1.17
-41.23
-97.24%
Treasure Global, Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
Treasure Global Holds 2026 Annual Stockholders Meeting
Positive
Jul 17, 2026
On July 14, 2026, Treasure Global Inc. held its virtual 2026 Annual Stockholders Meeting, with approximately 59.04% of its 1,954,832 outstanding common shares represented, establishing a quorum for conducting corporate business. Stockholders elect...
Business Operations and Strategy
Treasure Global Signs BI Software Development Agreement
Positive
Jun 3, 2026
On May 28, 2026, Treasure Global, Inc. entered into a one-year Software Development Agreement with British Virgin Islands-based Nexe Cloud Limited to build an enterprise business intelligence system for the company and its subsidiaries. The softwa...
Private Placements and FinancingRegulatory Filings and Compliance
Treasure Global Announces $1.2 Million Private Share Placement
Positive
May 29, 2026
On May 26, 2026, Treasure Global Inc. entered into a Subscription Agreement with Malaysia-based Legacy Trustee Berhad for a $1.2 million private placement of common stock under Regulation S, to be funded in four binding tranches through June 23, 2...
Business Operations and StrategyExecutive/Board Changes
Treasure Global Appoints New Non-Executive Director in Malaysia
Positive
May 5, 2026
On May 1, 2026, Treasure Global Inc. announced the immediate resignation of non-executive director Chan Wai Kuan from its board, clarifying that his departure was not due to any disagreement over the company’s operations, policies, or practi...
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.