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Side-by-side financial comparison of TREASURE GLOBAL INC (TGL) and ATIF Holdings Ltd (ZBAI). Click either name above to swap in a different company.
ATIF Holdings Ltd is the larger business by last-quarter revenue ($250.0K vs $182.5K, roughly 1.4× TREASURE GLOBAL INC). ATIF Holdings Ltd runs the higher net margin — -635.6% vs -1169.1%, a 533.5% gap on every dollar of revenue. On growth, ATIF Holdings Ltd posted the faster year-over-year revenue change (25.0% vs -12.0%). Over the past eight quarters, ATIF Holdings Ltd's revenue compounded faster (-8.7% CAGR vs -83.5%).
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.
ATIF Holdings Ltd is a professional business advisory service provider that mainly serves small and medium-sized enterprises across the Asia-Pacific region. It offers corporate strategic consulting, fundraising guidance, cross-border expansion support, and industry resource matching services for clients in technology, consumer goods, manufacturing and other key sectors.
TGL vs ZBAI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.5K | $250.0K |
| Net Profit | $-2.1M | $-1.6M |
| Gross Margin | 0.7% | — |
| Operating Margin | -953.5% | -75.6% |
| Net Margin | -1169.1% | -635.6% |
| Revenue YoY | -12.0% | 25.0% |
| Net Profit YoY | -124.5% | -96.8% |
| EPS (diluted) | $-0.38 | $-0.09 |
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.
| Q3 25 | $182.5K | — | ||
| Q2 25 | $1.2M | $250.0K | ||
| Q1 25 | $666.5K | $200.0K | ||
| Q4 24 | $301.9K | — | ||
| Q3 24 | $207.4K | $270.0K | ||
| Q2 24 | $293.0K | $200.0K | ||
| Q1 24 | $1.6M | $25.0K | ||
| Q4 23 | $6.7M | $125.0K |
| Q3 25 | $-2.1M | — | ||
| Q2 25 | — | $-1.6M | ||
| Q1 25 | $1.3M | $-1.9M | ||
| Q4 24 | $-232.3K | — | ||
| Q3 24 | $-950.7K | — | ||
| Q2 24 | — | $-807.6K | ||
| Q1 24 | $-1.7M | $-407.6K | ||
| Q4 23 | $-1.2M | $-625.5K |
| 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% | — | ||
| Q4 23 | 5.1% | — |
| Q3 25 | -953.5% | — | ||
| Q2 25 | — | -75.6% | ||
| Q1 25 | -6.5% | -175.4% | ||
| Q4 24 | -229.5% | — | ||
| Q3 24 | -391.4% | — | ||
| Q2 24 | — | -260.6% | ||
| Q1 24 | -85.9% | -2190.1% | ||
| Q4 23 | -16.2% | -525.4% |
| Q3 25 | -1169.1% | — | ||
| Q2 25 | — | -635.6% | ||
| Q1 25 | 189.0% | -951.7% | ||
| Q4 24 | -77.0% | — | ||
| Q3 24 | -458.5% | — | ||
| Q2 24 | — | -403.8% | ||
| Q1 24 | -107.3% | -1630.6% | ||
| Q4 23 | -17.9% | -500.4% |
| Q3 25 | $-0.38 | — | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | $1.09 | $-0.16 | ||
| Q4 24 | $-11.32 | — | ||
| Q3 24 | $-17.62 | — | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | $-116.03 | $-0.04 | ||
| Q4 23 | $-2.22 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $7.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.0M | $8.4M |
| Total Assets | $16.6M | $8.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | — | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | $2.5K | $8.0M | ||
| Q4 24 | $504.3K | — | ||
| Q3 24 | $44.1K | $1.7M | ||
| Q2 24 | $171.6K | $2.3M | ||
| Q1 24 | — | $139.2K | ||
| Q4 23 | — | $361.2K |
| Q3 25 | $12.0M | — | ||
| Q2 25 | $10.7M | $8.4M | ||
| Q1 25 | $29.1M | $7.9M | ||
| Q4 24 | $18.4M | — | ||
| Q3 24 | $6.3M | $1.8M | ||
| Q2 24 | $3.4M | $3.1M | ||
| Q1 24 | $3.1M | $506.3K | ||
| Q4 23 | $3.7M | $913.9K |
| Q3 25 | $16.6M | — | ||
| Q2 25 | $14.9M | $8.7M | ||
| Q1 25 | $30.4M | $8.6M | ||
| Q4 24 | $19.1M | — | ||
| Q3 24 | $7.1M | $3.0M | ||
| Q2 24 | $4.3M | $3.3M | ||
| Q1 24 | $4.2M | $2.5M | ||
| Q4 23 | $4.9M | $3.0M |
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 | $-939.0K |
| 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.
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-9.5M | $-939.0K | ||
| Q1 25 | $-4.2M | $-395.1K | ||
| Q4 24 | $-606.2K | — | ||
| Q3 24 | $-976.3K | — | ||
| Q2 24 | $-4.7M | $-62.6K | ||
| Q1 24 | $-1.1M | $-212.8K | ||
| Q4 23 | $-1.2M | $195.4K |
| Q3 25 | $-2.4M | — | ||
| Q2 25 | $-9.5M | — | ||
| Q1 25 | $-4.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-1.1M | $-213.5K | ||
| Q4 23 | $-1.2M | $191.0K |
| Q3 25 | -1318.2% | — | ||
| Q2 25 | -822.4% | — | ||
| Q1 25 | -635.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1614.2% | — | ||
| Q1 24 | -67.1% | -854.1% | ||
| Q4 23 | -17.9% | 152.8% |
| Q3 25 | 353.3% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.7% | 0.0% | ||
| Q1 24 | 0.0% | 3.0% | ||
| Q4 23 | 0.1% | 3.5% |
| 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.
