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

Rallybio Corp is the larger business by last-quarter revenue ($222.0K vs $182.5K, roughly 1.2× TREASURE GLOBAL INC). TREASURE GLOBAL INC runs the higher net margin — -1169.1% vs -2636.0%, a 1466.9% gap on every dollar of revenue. On growth, Rallybio Corp posted the faster year-over-year revenue change (484.2% vs -12.0%).

Rallybio Corp is a clinical-stage biotechnology company dedicated to developing transformative therapies for patients with severe, rare diseases with high unmet medical needs. Its core development pipeline targets hematologic disorders, fetal and neonatal hemolytic disease, and complement-mediated conditions, serving patient populations primarily in North America and Europe.

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.

RLYB vs TGL — Head-to-Head

Bigger by revenue
RLYB
RLYB
1.2× larger
RLYB
$222.0K
$182.5K
TGL
Growing faster (revenue YoY)
RLYB
RLYB
+496.2% gap
RLYB
484.2%
-12.0%
TGL
Higher net margin
TGL
TGL
1466.9% more per $
TGL
-1169.1%
-2636.0%
RLYB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
RLYB
RLYB
TGL
TGL
Revenue
$222.0K
$182.5K
Net Profit
$-5.9M
$-2.1M
Gross Margin
0.7%
Operating Margin
-2888.3%
-953.5%
Net Margin
-2636.0%
-1169.1%
Revenue YoY
484.2%
-12.0%
Net Profit YoY
47.0%
-124.5%
EPS (diluted)
$-1.52
$-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
RLYB
RLYB
TGL
TGL
Q4 25
$222.0K
Q3 25
$212.0K
$182.5K
Q2 25
$212.0K
$1.2M
Q1 25
$212.0K
$666.5K
Q4 24
$38.0K
$301.9K
Q3 24
$299.0K
$207.4K
Q2 24
$299.0K
$293.0K
Q1 24
$0
$1.6M
Net Profit
RLYB
RLYB
TGL
TGL
Q4 25
$-5.9M
Q3 25
$16.0M
$-2.1M
Q2 25
$-9.7M
Q1 25
$-9.4M
$1.3M
Q4 24
$-11.0M
$-232.3K
Q3 24
$-11.5M
$-950.7K
Q2 24
$-16.2M
Q1 24
$-19.0M
$-1.7M
Gross Margin
RLYB
RLYB
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
RLYB
RLYB
TGL
TGL
Q4 25
-2888.3%
Q3 25
-3266.5%
-953.5%
Q2 25
-4743.9%
Q1 25
-4561.3%
-6.5%
Q4 24
-30547.4%
-229.5%
Q3 24
-4035.5%
-391.4%
Q2 24
-5697.3%
Q1 24
-85.9%
Net Margin
RLYB
RLYB
TGL
TGL
Q4 25
-2636.0%
Q3 25
7554.7%
-1169.1%
Q2 25
-4576.9%
Q1 25
-4452.4%
189.0%
Q4 24
-29063.2%
-77.0%
Q3 24
-3834.8%
-458.5%
Q2 24
-5430.1%
Q1 24
-107.3%
EPS (diluted)
RLYB
RLYB
TGL
TGL
Q4 25
$-1.52
Q3 25
$0.36
$-0.38
Q2 25
$-0.22
Q1 25
$-0.21
$1.09
Q4 24
$-9.51
$-11.32
Q3 24
$-0.26
$-17.62
Q2 24
$-0.37
Q1 24
$-0.47
$-116.03

Balance Sheet & Financial Strength

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

Metric
RLYB
RLYB
TGL
TGL
Cash + ST InvestmentsLiquidity on hand
$54.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.0M
$12.0M
Total Assets
$62.3M
$16.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLYB
RLYB
TGL
TGL
Q4 25
$54.7M
Q3 25
$59.3M
Q2 25
$45.7M
Q1 25
$54.5M
$2.5K
Q4 24
$65.5M
$504.3K
Q3 24
$75.1M
$44.1K
Q2 24
$88.6M
$171.6K
Q1 24
$94.2M
Stockholders' Equity
RLYB
RLYB
TGL
TGL
Q4 25
$58.0M
Q3 25
$63.0M
$12.0M
Q2 25
$46.0M
$10.7M
Q1 25
$54.1M
$29.1M
Q4 24
$61.7M
$18.4M
Q3 24
$70.8M
$6.3M
Q2 24
$80.0M
$3.4M
Q1 24
$89.2M
$3.1M
Total Assets
RLYB
RLYB
TGL
TGL
Q4 25
$62.3M
Q3 25
$67.7M
$16.6M
Q2 25
$51.0M
$14.9M
Q1 25
$58.0M
$30.4M
Q4 24
$68.1M
$19.1M
Q3 24
$79.0M
$7.1M
Q2 24
$92.4M
$4.3M
Q1 24
$99.4M
$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
RLYB
RLYB
TGL
TGL
Operating Cash FlowLast quarter
$-4.7M
$-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
RLYB
RLYB
TGL
TGL
Q4 25
$-4.7M
Q3 25
$-6.5M
$-1.8M
Q2 25
$-8.4M
$-9.5M
Q1 25
$-10.2M
$-4.2M
Q4 24
$-9.9M
$-606.2K
Q3 24
$-13.5M
$-976.3K
Q2 24
$-10.4M
$-4.7M
Q1 24
$-15.5M
$-1.1M
Free Cash Flow
RLYB
RLYB
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
RLYB
RLYB
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
RLYB
RLYB
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
RLYB
RLYB
TGL
TGL
Q4 25
Q3 25
-0.41×
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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