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

Vir Biotechnology, Inc. is the larger business by last-quarter revenue ($240.0K vs $182.5K, roughly 1.3× TREASURE GLOBAL INC). TREASURE GLOBAL INC runs the higher net margin — -1169.1% vs -67975.4%, a 66806.3% gap on every dollar of revenue. On growth, TREASURE GLOBAL INC posted the faster year-over-year revenue change (-12.0% vs -89.9%). TREASURE GLOBAL INC produced more free cash flow last quarter ($-2.4M vs $-167.9M). Over the past eight quarters, TREASURE GLOBAL INC's revenue compounded faster (-83.5% CAGR vs -88.0%).

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.

Vir Biotechnology, Inc. is a clinical-stage immunology company focused on developing innovative therapies and vaccines to address serious infectious diseases including COVID-19, hepatitis B, HIV, and influenza. It operates primarily in the global biopharmaceutical market, collaborating with leading industry partners to advance its pipeline of targeted immune-based solutions for patient populations worldwide.

TGL vs VIR — Head-to-Head

Bigger by revenue
VIR
VIR
1.3× larger
VIR
$240.0K
$182.5K
TGL
Growing faster (revenue YoY)
TGL
TGL
+77.9% gap
TGL
-12.0%
-89.9%
VIR
Higher net margin
TGL
TGL
66806.3% more per $
TGL
-1169.1%
-67975.4%
VIR
More free cash flow
TGL
TGL
$165.5M more FCF
TGL
$-2.4M
$-167.9M
VIR
Faster 2-yr revenue CAGR
TGL
TGL
Annualised
TGL
-83.5%
-88.0%
VIR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
TGL
TGL
VIR
VIR
Revenue
$182.5K
$240.0K
Net Profit
$-2.1M
$-163.1M
Gross Margin
0.7%
Operating Margin
-953.5%
-72267.9%
Net Margin
-1169.1%
-67975.4%
Revenue YoY
-12.0%
-89.9%
Net Profit YoY
-124.5%
23.7%
EPS (diluted)
$-0.38
$-1.17

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
TGL
TGL
VIR
VIR
Q3 25
$182.5K
$240.0K
Q2 25
$1.2M
$1.2M
Q1 25
$666.5K
$3.0M
Q4 24
$301.9K
$12.4M
Q3 24
$207.4K
$2.4M
Q2 24
$293.0K
$3.1M
Q1 24
$1.6M
$56.4M
Q4 23
$6.7M
$16.8M
Net Profit
TGL
TGL
VIR
VIR
Q3 25
$-2.1M
$-163.1M
Q2 25
$-111.0M
Q1 25
$1.3M
$-121.0M
Q4 24
$-232.3K
Q3 24
$-950.7K
$-213.7M
Q2 24
$-138.4M
Q1 24
$-1.7M
$-65.3M
Q4 23
$-1.2M
Gross Margin
TGL
TGL
VIR
VIR
Q3 25
0.7%
Q2 25
68.2%
99.1%
Q1 25
73.0%
Q4 24
74.2%
Q3 24
83.0%
97.9%
Q2 24
31.0%
98.3%
Q1 24
13.6%
99.9%
Q4 23
5.1%
95.2%
Operating Margin
TGL
TGL
VIR
VIR
Q3 25
-953.5%
-72267.9%
Q2 25
-9754.3%
Q1 25
-6.5%
-4602.5%
Q4 24
-229.5%
Q3 24
-391.4%
-9718.7%
Q2 24
-5158.7%
Q1 24
-85.9%
-142.0%
Q4 23
-16.2%
Net Margin
TGL
TGL
VIR
VIR
Q3 25
-1169.1%
-67975.4%
Q2 25
-9139.9%
Q1 25
189.0%
-3989.6%
Q4 24
-77.0%
Q3 24
-458.5%
-8979.7%
Q2 24
-4500.1%
Q1 24
-107.3%
-115.8%
Q4 23
-17.9%
EPS (diluted)
TGL
TGL
VIR
VIR
Q3 25
$-0.38
$-1.17
Q2 25
$-0.80
Q1 25
$1.09
$-0.88
Q4 24
$-11.32
Q3 24
$-17.62
$-1.56
Q2 24
$-1.02
Q1 24
$-116.03
$-0.48
Q4 23
$-2.22

Balance Sheet & Financial Strength

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

Metric
TGL
TGL
VIR
VIR
Cash + ST InvestmentsLiquidity on hand
$497.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$12.0M
$796.1M
Total Assets
$16.6M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TGL
TGL
VIR
VIR
Q3 25
$497.8M
Q2 25
$598.7M
Q1 25
$2.5K
$790.9M
Q4 24
$504.3K
$901.0M
Q3 24
$44.1K
$909.0M
Q2 24
$171.6K
$1.1B
Q1 24
$1.1B
Q4 23
$1.5B
Stockholders' Equity
TGL
TGL
VIR
VIR
Q3 25
$12.0M
$796.1M
Q2 25
$10.7M
$947.5M
Q1 25
$29.1M
$1.0B
Q4 24
$18.4M
$1.2B
Q3 24
$6.3M
$1.2B
Q2 24
$3.4M
$1.4B
Q1 24
$3.1M
$1.5B
Q4 23
$3.7M
$1.6B
Total Assets
TGL
TGL
VIR
VIR
Q3 25
$16.6M
$1.0B
Q2 25
$14.9M
$1.2B
Q1 25
$30.4M
$1.3B
Q4 24
$19.1M
$1.4B
Q3 24
$7.1M
$1.5B
Q2 24
$4.3M
$1.7B
Q1 24
$4.2M
$1.8B
Q4 23
$4.9M
$1.9B

Cash Flow & Capital Efficiency

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

Metric
TGL
TGL
VIR
VIR
Operating Cash FlowLast quarter
$-1.8M
$-167.6M
Free Cash FlowOCF − Capex
$-2.4M
$-167.9M
FCF MarginFCF / Revenue
-1318.2%
-69952.9%
Capex IntensityCapex / Revenue
353.3%
132.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-824.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TGL
TGL
VIR
VIR
Q3 25
$-1.8M
$-167.6M
Q2 25
$-9.5M
$-120.2M
Q1 25
$-4.2M
$-78.1M
Q4 24
$-606.2K
$-446.4M
Q3 24
$-976.3K
$-171.5M
Q2 24
$-4.7M
$-77.8M
Q1 24
$-1.1M
$-109.4M
Q4 23
$-1.2M
$-778.8M
Free Cash Flow
TGL
TGL
VIR
VIR
Q3 25
$-2.4M
$-167.9M
Q2 25
$-9.5M
$-122.8M
Q1 25
$-4.2M
$-79.7M
Q4 24
$-453.7M
Q3 24
$-174.2M
Q2 24
$-4.7M
$-78.5M
Q1 24
$-1.1M
$-111.3M
Q4 23
$-1.2M
$-800.4M
FCF Margin
TGL
TGL
VIR
VIR
Q3 25
-1318.2%
-69952.9%
Q2 25
-822.4%
-10111.8%
Q1 25
-635.6%
-2630.1%
Q4 24
-3666.2%
Q3 24
-7321.3%
Q2 24
-1614.2%
-2553.3%
Q1 24
-67.1%
-197.4%
Q4 23
-17.9%
-4767.7%
Capex Intensity
TGL
TGL
VIR
VIR
Q3 25
353.3%
132.1%
Q2 25
1.3%
209.1%
Q1 25
0.3%
53.7%
Q4 24
59.0%
Q3 24
116.3%
Q2 24
5.7%
21.7%
Q1 24
0.0%
3.3%
Q4 23
0.1%
128.5%
Cash Conversion
TGL
TGL
VIR
VIR
Q3 25
Q2 25
Q1 25
-3.36×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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