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Side-by-side financial comparison of PALATIN TECHNOLOGIES INC (PTN) 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 $116.0K, roughly 1.6× PALATIN TECHNOLOGIES INC). TREASURE GLOBAL INC runs the higher net margin — -1169.1% vs -6260.0%, a 5090.9% gap on every dollar of revenue. On growth, PALATIN TECHNOLOGIES INC posted the faster year-over-year revenue change (104.4% vs -12.0%). Over the past eight quarters, PALATIN TECHNOLOGIES INC's revenue compounded faster (-74.3% CAGR vs -83.5%).

Palatin Technologies Inc. is a biopharmaceutical firm developing targeted receptor-specific therapeutic products for unmet medical needs across cardiovascular care, renal disease treatment, and sexual health segments. It serves patients and healthcare providers mainly in North American and global pharmaceutical markets.

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.

PTN vs TGL — Head-to-Head

Bigger by revenue
TGL
TGL
1.6× larger
TGL
$182.5K
$116.0K
PTN
Growing faster (revenue YoY)
PTN
PTN
+116.4% gap
PTN
104.4%
-12.0%
TGL
Higher net margin
TGL
TGL
5090.9% more per $
TGL
-1169.1%
-6260.0%
PTN
Faster 2-yr revenue CAGR
PTN
PTN
Annualised
PTN
-74.3%
-83.5%
TGL

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
PTN
PTN
TGL
TGL
Revenue
$116.0K
$182.5K
Net Profit
$-7.3M
$-2.1M
Gross Margin
0.7%
Operating Margin
-6315.8%
-953.5%
Net Margin
-6260.0%
-1169.1%
Revenue YoY
104.4%
-12.0%
Net Profit YoY
-197.4%
-124.5%
EPS (diluted)
$-2.86
$-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
PTN
PTN
TGL
TGL
Q4 25
$116.0K
Q3 25
$8.8M
$182.5K
Q2 25
$1.2M
Q1 25
$0
$666.5K
Q4 24
$301.9K
Q3 24
$0
$207.4K
Q2 24
$293.0K
Q1 24
$0
$1.6M
Net Profit
PTN
PTN
TGL
TGL
Q4 25
$-7.3M
Q3 25
$4.7M
$-2.1M
Q2 25
Q1 25
$-4.8M
$1.3M
Q4 24
$-232.3K
Q3 24
$-7.8M
$-950.7K
Q2 24
Q1 24
$-8.4M
$-1.7M
Gross Margin
PTN
PTN
TGL
TGL
Q4 25
Q3 25
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
PTN
PTN
TGL
TGL
Q4 25
-6315.8%
Q3 25
52.7%
-953.5%
Q2 25
Q1 25
-6.5%
Q4 24
-229.5%
Q3 24
-391.4%
Q2 24
Q1 24
-85.9%
Net Margin
PTN
PTN
TGL
TGL
Q4 25
-6260.0%
Q3 25
52.9%
-1169.1%
Q2 25
Q1 25
189.0%
Q4 24
-77.0%
Q3 24
-458.5%
Q2 24
Q1 24
-107.3%
EPS (diluted)
PTN
PTN
TGL
TGL
Q4 25
$-2.86
Q3 25
$4.26
$-0.38
Q2 25
Q1 25
$-0.18
$1.09
Q4 24
$-11.32
Q3 24
$-19.71
$-17.62
Q2 24
Q1 24
$-0.53
$-116.03

Balance Sheet & Financial Strength

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

Metric
PTN
PTN
TGL
TGL
Cash + ST InvestmentsLiquidity on hand
$14.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$12.0M
Total Assets
$17.9M
$16.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTN
PTN
TGL
TGL
Q4 25
$14.5M
Q3 25
$1.3M
Q2 25
Q1 25
$2.5M
$2.5K
Q4 24
$504.3K
Q3 24
$2.4M
$44.1K
Q2 24
$171.6K
Q1 24
$21.5M
Stockholders' Equity
PTN
PTN
TGL
TGL
Q4 25
$11.5M
Q3 25
$396.4K
$12.0M
Q2 25
$10.7M
Q1 25
$-6.4M
$29.1M
Q4 24
$18.4M
Q3 24
$-7.7M
$6.3M
Q2 24
$3.4M
Q1 24
$1.6M
$3.1M
Total Assets
PTN
PTN
TGL
TGL
Q4 25
$17.9M
Q3 25
$8.6M
$16.6M
Q2 25
$14.9M
Q1 25
$3.7M
$30.4M
Q4 24
$19.1M
Q3 24
$3.4M
$7.1M
Q2 24
$4.3M
Q1 24
$11.4M
$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
PTN
PTN
TGL
TGL
Operating Cash FlowLast quarter
$-4.8M
$-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
PTN
PTN
TGL
TGL
Q4 25
$-4.8M
Q3 25
$-1.6M
$-1.8M
Q2 25
$-9.5M
Q1 25
$-5.4M
$-4.2M
Q4 24
$-606.2K
Q3 24
$-7.0M
$-976.3K
Q2 24
$-4.7M
Q1 24
$-8.6M
$-1.1M
Free Cash Flow
PTN
PTN
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
PTN
PTN
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
PTN
PTN
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
PTN
PTN
TGL
TGL
Q4 25
Q3 25
-0.35×
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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