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

PULSE BIOSCIENCES, INC. is the larger business by last-quarter revenue ($264.0K vs $182.5K, roughly 1.4× TREASURE GLOBAL INC). TREASURE GLOBAL INC runs the higher net margin — -1169.1% vs -6603.4%, a 5434.3% gap on every dollar of revenue. TREASURE GLOBAL INC produced more free cash flow last quarter ($-2.4M vs $-14.9M).

Colossal Biosciences Inc. is an American biotechnology and genetic engineering company working to de-extinct several extinct animals, including the woolly mammoth, the Tasmanian tiger, the northern white rhinoceros, the dire wolf, the dodo, and the moa. In 2023, it stated that it wants to have woolly mammoth hybrid calves by 2028, and wants to reintroduce them to the Arctic tundra habitat. Likewise, it launched the Tasmanian Thylacine Advisory Committee, a thylacine research project to releas...

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.

PLSE vs TGL — Head-to-Head

Bigger by revenue
PLSE
PLSE
1.4× larger
PLSE
$264.0K
$182.5K
TGL
Higher net margin
TGL
TGL
5434.3% more per $
TGL
-1169.1%
-6603.4%
PLSE
More free cash flow
TGL
TGL
$12.5M more FCF
TGL
$-2.4M
$-14.9M
PLSE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PLSE
PLSE
TGL
TGL
Revenue
$264.0K
$182.5K
Net Profit
$-17.4M
$-2.1M
Gross Margin
0.7%
Operating Margin
-6914.0%
-953.5%
Net Margin
-6603.4%
-1169.1%
Revenue YoY
-12.0%
Net Profit YoY
10.1%
-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
PLSE
PLSE
TGL
TGL
Q4 25
$264.0K
Q3 25
$86.0K
$182.5K
Q2 25
$0
$1.2M
Q1 25
$0
$666.5K
Q4 24
$0
$301.9K
Q3 24
$0
$207.4K
Q2 24
$0
$293.0K
Q1 24
$0
$1.6M
Net Profit
PLSE
PLSE
TGL
TGL
Q4 25
$-17.4M
Q3 25
$-19.4M
$-2.1M
Q2 25
$-19.2M
Q1 25
$-16.8M
$1.3M
Q4 24
$-19.4M
$-232.3K
Q3 24
$-12.7M
$-950.7K
Q2 24
$-11.4M
Q1 24
$-10.1M
$-1.7M
Gross Margin
PLSE
PLSE
TGL
TGL
Q4 25
Q3 25
-224.4%
0.7%
Q2 25
68.2%
Q1 25
73.0%
Q4 24
74.2%
Q3 24
83.0%
Q2 24
31.0%
Q1 24
13.6%
Operating Margin
PLSE
PLSE
TGL
TGL
Q4 25
-6914.0%
Q3 25
-23682.6%
-953.5%
Q2 25
Q1 25
-6.5%
Q4 24
-229.5%
Q3 24
-391.4%
Q2 24
Q1 24
-85.9%
Net Margin
PLSE
PLSE
TGL
TGL
Q4 25
-6603.4%
Q3 25
-22540.7%
-1169.1%
Q2 25
Q1 25
189.0%
Q4 24
-77.0%
Q3 24
-458.5%
Q2 24
Q1 24
-107.3%
EPS (diluted)
PLSE
PLSE
TGL
TGL
Q4 25
Q3 25
$-0.38
Q2 25
Q1 25
$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
PLSE
PLSE
TGL
TGL
Cash + ST InvestmentsLiquidity on hand
$80.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$80.7M
$12.0M
Total Assets
$94.5M
$16.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLSE
PLSE
TGL
TGL
Q4 25
$80.7M
Q3 25
$95.2M
Q2 25
$106.3M
Q1 25
$119.3M
$2.5K
Q4 24
$118.0M
$504.3K
Q3 24
$79.0M
$44.1K
Q2 24
$26.2M
$171.6K
Q1 24
$34.9M
Stockholders' Equity
PLSE
PLSE
TGL
TGL
Q4 25
$80.7M
Q3 25
$92.7M
$12.0M
Q2 25
$104.5M
$10.7M
Q1 25
$118.5M
$29.1M
Q4 24
$114.9M
$18.4M
Q3 24
$79.1M
$6.3M
Q2 24
$27.0M
$3.4M
Q1 24
$36.3M
$3.1M
Total Assets
PLSE
PLSE
TGL
TGL
Q4 25
$94.5M
Q3 25
$108.8M
$16.6M
Q2 25
$120.3M
$14.9M
Q1 25
$133.4M
$30.4M
Q4 24
$132.5M
$19.1M
Q3 24
$93.0M
$7.1M
Q2 24
$40.4M
$4.3M
Q1 24
$49.2M
$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
PLSE
PLSE
TGL
TGL
Operating Cash FlowLast quarter
$-14.8M
$-1.8M
Free Cash FlowOCF − Capex
$-14.9M
$-2.4M
FCF MarginFCF / Revenue
-5628.8%
-1318.2%
Capex IntensityCapex / Revenue
39.8%
353.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-54.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLSE
PLSE
TGL
TGL
Q4 25
$-14.8M
Q3 25
$-13.0M
$-1.8M
Q2 25
$-12.8M
$-9.5M
Q1 25
$-13.5M
$-4.2M
Q4 24
$-9.1M
$-606.2K
Q3 24
$-9.0M
$-976.3K
Q2 24
$-8.4M
$-4.7M
Q1 24
$-9.8M
$-1.1M
Free Cash Flow
PLSE
PLSE
TGL
TGL
Q4 25
$-14.9M
Q3 25
$-13.1M
$-2.4M
Q2 25
$-12.9M
$-9.5M
Q1 25
$-13.6M
$-4.2M
Q4 24
$-9.2M
Q3 24
$-9.1M
Q2 24
$-8.4M
$-4.7M
Q1 24
$-9.8M
$-1.1M
FCF Margin
PLSE
PLSE
TGL
TGL
Q4 25
-5628.8%
Q3 25
-15233.7%
-1318.2%
Q2 25
-822.4%
Q1 25
-635.6%
Q4 24
Q3 24
Q2 24
-1614.2%
Q1 24
-67.1%
Capex Intensity
PLSE
PLSE
TGL
TGL
Q4 25
39.8%
Q3 25
72.1%
353.3%
Q2 25
1.3%
Q1 25
0.3%
Q4 24
Q3 24
Q2 24
5.7%
Q1 24
0.0%
Cash Conversion
PLSE
PLSE
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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