vs
Side-by-side financial comparison of TREASURE GLOBAL INC (TGL) and TEN Holdings, Inc. (XHLD). Click either name above to swap in a different company.
TEN Holdings, Inc. is the larger business by last-quarter revenue ($706.0K vs $182.5K, roughly 3.9× TREASURE GLOBAL INC). TREASURE GLOBAL INC runs the higher net margin — -1169.1% vs -1402.5%, a 233.5% gap on every dollar of revenue.
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.
TGL vs XHLD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.5K | $706.0K |
| Net Profit | $-2.1M | $-9.9M |
| Gross Margin | 0.7% | 76.8% |
| Operating Margin | -953.5% | -761.6% |
| Net Margin | -1169.1% | -1402.5% |
| Revenue YoY | -12.0% | — |
| Net Profit YoY | -124.5% | — |
| EPS (diluted) | $-0.38 | $-8.17 |
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.
| Q4 25 | — | $706.0K | ||
| Q3 25 | $182.5K | $543.0K | ||
| Q2 25 | $1.2M | $1.1M | ||
| Q1 25 | $666.5K | $739.0K | ||
| Q4 24 | $301.9K | — | ||
| Q3 24 | $207.4K | — | ||
| Q2 24 | $293.0K | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | — | $-9.9M | ||
| Q3 25 | $-2.1M | $-2.0M | ||
| Q2 25 | — | $-2.8M | ||
| Q1 25 | $1.3M | $-4.8M | ||
| Q4 24 | $-232.3K | — | ||
| Q3 24 | $-950.7K | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-1.7M | — |
| Q4 25 | — | 76.8% | ||
| Q3 25 | 0.7% | 74.6% | ||
| Q2 25 | 68.2% | 84.3% | ||
| Q1 25 | 73.0% | 74.8% | ||
| Q4 24 | 74.2% | — | ||
| Q3 24 | 83.0% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 13.6% | — |
| Q4 25 | — | -761.6% | ||
| Q3 25 | -953.5% | -354.9% | ||
| Q2 25 | — | -121.9% | ||
| Q1 25 | -6.5% | -644.4% | ||
| Q4 24 | -229.5% | — | ||
| Q3 24 | -391.4% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -85.9% | — |
| Q4 25 | — | -1402.5% | ||
| Q3 25 | -1169.1% | -365.9% | ||
| Q2 25 | — | -249.5% | ||
| Q1 25 | 189.0% | -654.4% | ||
| Q4 24 | -77.0% | — | ||
| Q3 24 | -458.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -107.3% | — |
| Q4 25 | — | $-8.17 | ||
| Q3 25 | $-0.38 | $-0.10 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | $1.09 | $-0.18 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.0M | $4.3M |
| Total Assets | $16.6M | $12.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.6M | ||
| Q3 25 | — | $310.0K | ||
| Q2 25 | — | $739.0K | ||
| Q1 25 | $2.5K | $247.0K | ||
| Q4 24 | $504.3K | — | ||
| Q3 24 | $44.1K | — | ||
| Q2 24 | $171.6K | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $4.3M | ||
| Q3 25 | $12.0M | $3.8M | ||
| Q2 25 | $10.7M | $5.3M | ||
| Q1 25 | $29.1M | $4.9M | ||
| Q4 24 | $18.4M | — | ||
| Q3 24 | $6.3M | — | ||
| Q2 24 | $3.4M | — | ||
| Q1 24 | $3.1M | — |
| Q4 25 | — | $12.0M | ||
| Q3 25 | $16.6M | $10.7M | ||
| Q2 25 | $14.9M | $11.1M | ||
| Q1 25 | $30.4M | $10.8M | ||
| Q4 24 | $19.1M | — | ||
| Q3 24 | $7.1M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.8M | $-1.0M |
| 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.
| Q4 25 | — | $-1.0M | ||
| Q3 25 | $-1.8M | $-1.5M | ||
| Q2 25 | $-9.5M | $-792.0K | ||
| Q1 25 | $-4.2M | $-6.8M | ||
| Q4 24 | $-606.2K | — | ||
| Q3 24 | $-976.3K | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-1.1M | — |
| 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 | — |
| 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% | — |
| 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% | — |
| 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.
