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Side-by-side financial comparison of Smart Powerr Corp. (CREG) and TREASURE GLOBAL INC (TGL). Click either name above to swap in a different company.

TREASURE GLOBAL INC is the larger business by last-quarter revenue ($182.5K vs $88.8K, roughly 2.1× Smart Powerr Corp.). Smart Powerr Corp. runs the higher net margin — -529.4% vs -1169.1%, a 639.7% gap on every dollar of revenue.

Smart Powerr Corp. (formerly China Recycling Energy Corp) is a specialized smart energy and energy efficiency solutions provider. Its core offerings include waste energy recovery systems, energy efficiency optimization services, and intelligent energy management platform deployment, primarily serving industrial, commercial and public sector clients in the Chinese market.

Treasure Global Inc is a consumer technology company offering integrated digital commerce solutions, customer loyalty rewards programs, and cashless payment services. It primarily operates across Southeast Asian markets, serving individual users and small-to-medium enterprise clients.

CREG vs TGL — Head-to-Head

Bigger by revenue
TGL
TGL
2.1× larger
TGL
$182.5K
$88.8K
CREG
Higher net margin
CREG
CREG
639.7% more per $
CREG
-529.4%
-1169.1%
TGL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CREG
CREG
TGL
TGL
Revenue
$88.8K
$182.5K
Net Profit
$-470.4K
$-2.1M
Gross Margin
41.6%
0.7%
Operating Margin
-691.5%
-953.5%
Net Margin
-529.4%
-1169.1%
Revenue YoY
-12.0%
Net Profit YoY
22.5%
-124.5%
EPS (diluted)
$0.03
$-0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CREG
CREG
TGL
TGL
Q4 25
$88.8K
Q3 25
$90.8K
$182.5K
Q2 25
$62.2K
$1.2M
Q1 25
$20.6K
$666.5K
Q4 24
$301.9K
Q3 24
$207.4K
Q2 24
$293.0K
Q1 24
$1.6M
Net Profit
CREG
CREG
TGL
TGL
Q4 25
$-470.4K
Q3 25
$-300.4K
$-2.1M
Q2 25
$-1.2M
Q1 25
$-884.5K
$1.3M
Q4 24
$-232.3K
Q3 24
$-950.7K
Q2 24
Q1 24
$-1.7M
Gross Margin
CREG
CREG
TGL
TGL
Q4 25
41.6%
Q3 25
48.7%
0.7%
Q2 25
42.8%
68.2%
Q1 25
42.8%
73.0%
Q4 24
74.2%
Q3 24
83.0%
Q2 24
31.0%
Q1 24
13.6%
Operating Margin
CREG
CREG
TGL
TGL
Q4 25
-691.5%
Q3 25
-235.1%
-953.5%
Q2 25
-1648.0%
Q1 25
-5635.8%
-6.5%
Q4 24
-229.5%
Q3 24
-391.4%
Q2 24
Q1 24
-85.9%
Net Margin
CREG
CREG
TGL
TGL
Q4 25
-529.4%
Q3 25
-330.7%
-1169.1%
Q2 25
-2000.9%
Q1 25
-4288.3%
189.0%
Q4 24
-77.0%
Q3 24
-458.5%
Q2 24
Q1 24
-107.3%
EPS (diluted)
CREG
CREG
TGL
TGL
Q4 25
$0.03
Q3 25
$-0.08
$-0.38
Q2 25
$-0.05
Q1 25
$-0.09
$1.09
Q4 24
$-11.32
Q3 24
$-17.62
Q2 24
Q1 24
$-116.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CREG
CREG
TGL
TGL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$143.1M
$12.0M
Total Assets
$157.6M
$16.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CREG
CREG
TGL
TGL
Q4 25
Q3 25
Q2 25
Q1 25
$2.5K
Q4 24
$504.3K
Q3 24
$44.1K
Q2 24
$171.6K
Q1 24
Stockholders' Equity
CREG
CREG
TGL
TGL
Q4 25
$143.1M
Q3 25
$118.2M
$12.0M
Q2 25
$116.1M
$10.7M
Q1 25
$114.3M
$29.1M
Q4 24
$18.4M
Q3 24
$6.3M
Q2 24
$3.4M
Q1 24
$3.1M
Total Assets
CREG
CREG
TGL
TGL
Q4 25
$157.6M
Q3 25
$133.0M
$16.6M
Q2 25
$132.2M
$14.9M
Q1 25
$130.7M
$30.4M
Q4 24
$19.1M
Q3 24
$7.1M
Q2 24
$4.3M
Q1 24
$4.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CREG
CREG
TGL
TGL
Operating Cash FlowLast quarter
$2.5M
$-1.8M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-1318.2%
Capex IntensityCapex / Revenue
353.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CREG
CREG
TGL
TGL
Q4 25
$2.5M
Q3 25
$-53.0K
$-1.8M
Q2 25
$-131.3K
$-9.5M
Q1 25
$64.6M
$-4.2M
Q4 24
$-606.2K
Q3 24
$-976.3K
Q2 24
$-4.7M
Q1 24
$-1.1M
Free Cash Flow
CREG
CREG
TGL
TGL
Q4 25
Q3 25
$-2.4M
Q2 25
$-9.5M
Q1 25
$-4.2M
Q4 24
Q3 24
Q2 24
$-4.7M
Q1 24
$-1.1M
FCF Margin
CREG
CREG
TGL
TGL
Q4 25
Q3 25
-1318.2%
Q2 25
-822.4%
Q1 25
-635.6%
Q4 24
Q3 24
Q2 24
-1614.2%
Q1 24
-67.1%
Capex Intensity
CREG
CREG
TGL
TGL
Q4 25
Q3 25
353.3%
Q2 25
1.3%
Q1 25
0.3%
Q4 24
Q3 24
Q2 24
5.7%
Q1 24
0.0%
Cash Conversion
CREG
CREG
TGL
TGL
Q4 25
Q3 25
Q2 25
Q1 25
-3.36×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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