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Side-by-side financial comparison of MICROVISION, INC. (MVIS) and TREASURE GLOBAL INC (TGL). Click either name above to swap in a different company.

MICROVISION, INC. is the larger business by last-quarter revenue ($223.0K vs $182.5K, roughly 1.2× TREASURE GLOBAL INC). On growth, TREASURE GLOBAL INC posted the faster year-over-year revenue change (-12.0% vs -86.5%). TREASURE GLOBAL INC produced more free cash flow last quarter ($-2.4M vs $-59.4M). Over the past eight quarters, MICROVISION, INC.'s revenue compounded faster (-51.7% CAGR vs -83.5%).

MicroVision Inc. is a technology company specializing in advanced LiDAR sensors, miniature display solutions, and perception software. Its core products serve automotive ADAS, augmented reality devices, consumer electronics, and industrial automation markets, delivering high-precision, low-power sensing technologies for next-generation smart applications.

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.

MVIS vs TGL — Head-to-Head

Bigger by revenue
MVIS
MVIS
1.2× larger
MVIS
$223.0K
$182.5K
TGL
Growing faster (revenue YoY)
TGL
TGL
+74.5% gap
TGL
-12.0%
-86.5%
MVIS
More free cash flow
TGL
TGL
$57.0M more FCF
TGL
$-2.4M
$-59.4M
MVIS
Faster 2-yr revenue CAGR
MVIS
MVIS
Annualised
MVIS
-51.7%
-83.5%
TGL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MVIS
MVIS
TGL
TGL
Revenue
$223.0K
$182.5K
Net Profit
$-2.1M
Gross Margin
0.7%
Operating Margin
-953.5%
Net Margin
-1169.1%
Revenue YoY
-86.5%
-12.0%
Net Profit YoY
-21.2%
-124.5%
EPS (diluted)
$-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
MVIS
MVIS
TGL
TGL
Q4 25
$223.0K
Q3 25
$241.0K
$182.5K
Q2 25
$155.0K
$1.2M
Q1 25
$589.0K
$666.5K
Q4 24
$1.6M
$301.9K
Q3 24
$190.0K
$207.4K
Q2 24
$1.9M
$293.0K
Q1 24
$956.0K
$1.6M
Net Profit
MVIS
MVIS
TGL
TGL
Q4 25
Q3 25
$-14.2M
$-2.1M
Q2 25
$-14.2M
Q1 25
$-28.8M
$1.3M
Q4 24
$-31.2M
$-232.3K
Q3 24
$-15.5M
$-950.7K
Q2 24
$-23.9M
Q1 24
$-26.3M
$-1.7M
Gross Margin
MVIS
MVIS
TGL
TGL
Q4 25
Q3 25
0.7%
Q2 25
68.2%
Q1 25
6.6%
73.0%
Q4 24
-149.5%
74.2%
Q3 24
83.0%
Q2 24
18.2%
31.0%
Q1 24
-33.6%
13.6%
Operating Margin
MVIS
MVIS
TGL
TGL
Q4 25
Q3 25
-5278.4%
-953.5%
Q2 25
-9455.5%
Q1 25
-2383.7%
-6.5%
Q4 24
-1119.5%
-229.5%
Q3 24
-8266.3%
-391.4%
Q2 24
-1296.4%
Q1 24
-2793.9%
-85.9%
Net Margin
MVIS
MVIS
TGL
TGL
Q4 25
Q3 25
-5899.2%
-1169.1%
Q2 25
-9180.0%
Q1 25
-4886.1%
189.0%
Q4 24
-1888.2%
-77.0%
Q3 24
-8166.8%
-458.5%
Q2 24
-1259.5%
Q1 24
-2752.4%
-107.3%
EPS (diluted)
MVIS
MVIS
TGL
TGL
Q4 25
Q3 25
$-0.05
$-0.38
Q2 25
$-0.06
Q1 25
$-0.12
$1.09
Q4 24
$-0.15
$-11.32
Q3 24
$-0.07
$-17.62
Q2 24
$-0.11
Q1 24
$-0.13
$-116.03

Balance Sheet & Financial Strength

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

Metric
MVIS
MVIS
TGL
TGL
Cash + ST InvestmentsLiquidity on hand
$74.9M
Total DebtLower is stronger
$19.2M
Stockholders' EquityBook value
$55.5M
$12.0M
Total Assets
$103.1M
$16.6M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MVIS
MVIS
TGL
TGL
Q4 25
$74.9M
Q3 25
$99.5M
Q2 25
$91.4M
Q1 25
$69.0M
$2.5K
Q4 24
$74.7M
$504.3K
Q3 24
$43.2M
$44.1K
Q2 24
$56.6M
$171.6K
Q1 24
$73.1M
Total Debt
MVIS
MVIS
TGL
TGL
Q4 25
$19.2M
Q3 25
$29.0M
Q2 25
$32.3M
Q1 25
$30.1M
Q4 24
$33.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MVIS
MVIS
TGL
TGL
Q4 25
$55.5M
Q3 25
$90.7M
$12.0M
Q2 25
$77.1M
$10.7M
Q1 25
$53.2M
$29.1M
Q4 24
$48.8M
$18.4M
Q3 24
$65.9M
$6.3M
Q2 24
$78.7M
$3.4M
Q1 24
$93.8M
$3.1M
Total Assets
MVIS
MVIS
TGL
TGL
Q4 25
$103.1M
Q3 25
$150.8M
$16.6M
Q2 25
$140.6M
$14.9M
Q1 25
$116.7M
$30.4M
Q4 24
$121.2M
$19.1M
Q3 24
$88.3M
$7.1M
Q2 24
$103.4M
$4.3M
Q1 24
$124.2M
$4.2M
Debt / Equity
MVIS
MVIS
TGL
TGL
Q4 25
0.35×
Q3 25
0.32×
Q2 25
0.42×
Q1 25
0.57×
Q4 24
0.68×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MVIS
MVIS
TGL
TGL
Operating Cash FlowLast quarter
$-58.7M
$-1.8M
Free Cash FlowOCF − Capex
$-59.4M
$-2.4M
FCF MarginFCF / Revenue
-26636.3%
-1318.2%
Capex IntensityCapex / Revenue
304.5%
353.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MVIS
MVIS
TGL
TGL
Q4 25
$-58.7M
Q3 25
$-16.5M
$-1.8M
Q2 25
$-12.7M
$-9.5M
Q1 25
$-14.1M
$-4.2M
Q4 24
$-15.1M
$-606.2K
Q3 24
$-14.1M
$-976.3K
Q2 24
$-18.6M
$-4.7M
Q1 24
$-20.8M
$-1.1M
Free Cash Flow
MVIS
MVIS
TGL
TGL
Q4 25
$-59.4M
Q3 25
$-16.6M
$-2.4M
Q2 25
$-12.9M
$-9.5M
Q1 25
$-14.2M
$-4.2M
Q4 24
$-15.2M
Q3 24
$-14.1M
Q2 24
$-18.8M
$-4.7M
Q1 24
$-20.9M
$-1.1M
FCF Margin
MVIS
MVIS
TGL
TGL
Q4 25
-26636.3%
Q3 25
-6894.6%
-1318.2%
Q2 25
-8346.5%
-822.4%
Q1 25
-2410.4%
-635.6%
Q4 24
-918.7%
Q3 24
-7421.1%
Q2 24
-989.5%
-1614.2%
Q1 24
-2183.4%
-67.1%
Capex Intensity
MVIS
MVIS
TGL
TGL
Q4 25
304.5%
Q3 25
53.1%
353.3%
Q2 25
134.2%
1.3%
Q1 25
16.8%
0.3%
Q4 24
6.2%
Q3 24
4.7%
Q2 24
8.7%
5.7%
Q1 24
11.9%
0.0%
Cash Conversion
MVIS
MVIS
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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