Treasure Global Inc key statistics and ratios

In fiscal 2026, Treasure Global Inc had return on equity of -91.2%, an operating margin of -317.7%, debt equal to 0.0% of equity and a current ratio of 2.16. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Treasure Global Inc: financial ratios, annual
Fiscal year	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Gross margin	1.0%	0.6%	0.8%	3.7%	71.6%	0.2%
Operating margin	−54.2%	−12.8%	−14.7%	−27.5%	−945.3%	−317.7%
Net margin	−56.5%	−14.7%	−16.9%	−29.8%	<−999%	−214.4%
Free-cash-flow margin	−49.1%	−11.3%	−13.9%	−21.4%	−407.5%	−153.5%
Return on equity	—	—	—	—	—	−91.2%
Return on assets	−214.8%	−367.5%	−258.4%	−123.7%	−244.1%	−64.8%
Asset turnover	3.80	24.93	15.29	4.14	0.24	0.30
Current ratio	0.70	0.12	0.93	1.07	1.51	2.16
Debt to equity	—	—	—	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	—	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	3.1%	0.3%	0.8%	0.2%	9.3%	31.8%
Capital spending as % of revenue	0.6%	0.4%	0.1%	0.1%	0.6%	20.4%

US$ thousands unless shown otherwise. Fiscal quarters.

Treasure Global Inc: financial ratios, quarterly
Quarter	2025 Q1Sept 2024	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026
Gross margin	83.0%	74.2%	73.0%	68.2%	0.7%	0.1%	0.4%	0.0%
Operating margin	−391.4%	−229.5%	−6.5%	<−999%	−953.5%	−709.4%	−278.9%	−117.7%
Net margin	−458.5%	−77.0%	189.0%	<−999%	<−999%	−287.7%	−154.7%	−146.3%
Free-cash-flow margin	—	—	−635.6%	−318.2%	<−999%	−305.5%	−35.1%	−70.7%
Current ratio	1.45	3.08	8.18	1.51	1.23	4.38	3.57	2.16
R&D as % of revenue	22.8%	11.0%	0.8%	11.3%	426.2%	2.3%	5.3%	31.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · June 30, 2026

What it owns · $19m

Short-term assets $10mLonger-term assets $10m

What it owes, and who funded it · $19m

Short-term liabilities $4mLonger-term liabilities $1mShareholders' equity $14m

Short-term assets cover short-term liabilities $10m of assets due within a year against $4m of liabilities due within a year.
Short-term assets cover long-term liabilities $10m short-term assets against $1m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$16m against $888 of interest.

From Treasure Global Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

12 /100

Weak moat

How hard Treasure Global's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Net income has been a median -157.2% of total assets over 5 years.
Pricing power 0 / 20

Gross margin has been a median 0.7%, moving by 28.2 percentage points (standard deviation) across 5 years.
Durability 10 / 20

Operating margin has been a median -27.5%; its worst year was -945.3%.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (17 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Treasure Global Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Treasure Global Inc.