{ "ok": true, "cik": "1905956", "ticker": "TGL", "name": "Treasure Global Inc", "filings": [ { "form": "8-K", "filed": "2026-09-29", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026104429/0001213900-26-104429-index.htm" }, { "form": "8-K", "filed": "2026-09-14", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026099538/0001213900-26-099538-index.htm" }, { "form": "8-K", "filed": "2026-08-26", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026093980/0001213900-26-093980-index.htm" }, { "form": "8-K", "filed": "2026-08-20", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026091971/0001213900-26-091971-index.htm" }, { "form": "8-K", "filed": "2026-08-18", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026091317/0001213900-26-091317-index.htm" }, { "form": "8-K", "filed": "2026-07-21", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026080028/0001213900-26-080028-index.htm" } ], "events12m": 28, "healthWatch": { "window": "last 12 months", "since": "2025-09-30", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 2, "latest": { "filed": "2026-09-28", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026104122/0001213900-26-104122-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390025117673/0001213900-25-117673-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 2, "latest": { "filed": "2026-05-15", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026057761/0001213900-26-057761-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-05-05", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026052230/0001213900-26-052230-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001905956.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1905956" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Treasure Global Inc ($TGL). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-29. 28 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-06-30", "revenue": 2330557, "revenueGrowth1y": -0.8943864113869736, "revenueGrowthPerYear": -0.3614789851451493, "yearsOfData": 5, "operatingMargin": -9.453495881027584, "operatingMarginPrior": -0.2747554712097511, "netMargin": -10.030858717465396, "operatingCashFlow": -9481499, "capitalSpending": 14818, "freeCashFlow": -9496317, "researchAndDevelopment": 215900, "researchShareOfRevenue": 0.09263879836451114, "cash": 236895, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-06-30", "revenue": 14020353 }, { "fiscalYearEnd": "2022-06-30", "revenue": 79674879 }, { "fiscalYearEnd": "2023-06-30", "revenue": 69408319 }, { "fiscalYearEnd": "2024-06-30", "revenue": 22066829 }, { "fiscalYearEnd": "2025-06-30", "revenue": 2330557 } ], "totalEquity": 10743733, "totalAssets": 14873148, "equityRatio": 0.7223577012748075, "returnOnEquity": -2.175918556427268, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -19.87, "sharesOutstanding": 1176722, "bookValuePerShare": 9.130221921575359, "revenuePerShare": 1.9805502064208877, "range80": { "low": 200935.91021037646, "high": 1124908.808364813, "baseline": 482108.97174621985, "n": 2483, "band": "b000", "bandLabel": "under $50M", "method": "v4.1", "credibility": 0.25, "growthYears": 2, "ownVolatility": 0.7127520310471612, "classVolatility": 0.3000583276631395, "volatility": 0.44105568179138493 }, "ifPaceHeld": { "low": 200935.91021037646, "high": 1124908.808364813 } }, "edgarette": "🔖 Exposure: revenue $2.3M (FY2025). Experience: revenue down 89.4% on the year, down 36.1% a year over 4 years; operating margin -945.3%, down from -27.5%. Soundness: equity 72.2% of assets, return on equity -217.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $201K and $1.1M next year (method v4.1: its own 2-year record of growth weighed at 25% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $179K to $1.3M. A statistical range, not company guidance. Against peers (70 filers, $50M+ revenue, services-business services, nec): operating margin -945.3% against a 7.9% median; growth -89.4% against 10.2%.", "peers": { "sic": 7389, "sicDescription": "Services-Business Services, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7389", "growth": [ 0.1016, 72 ], "opMargin": [ 0.0788, 70 ], "equityRatio": [ 0.3958, 67 ], "returnOnEquity": [ 0.0932, 57 ], "payoutRatio": [ 0.2935, 14 ] }, "summary": "Treasure Global (TGL) saw revenue fall 89.4% in FY2025 to $2 million, operating margin -945% against a 7.9% median for services-business services, nec, equity 72.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Treasure Global Inc against its own record and its peers
Operating marginPeer median 7.9%-945.3%Revenue, on the yearPeer median 10.2%-89.4%Equity of assetsPeer median 39.6%72.2%Return on equityPeer median 9.3%-217.6%Gold tick: the median of 57–67 peers with $50M+ revenue in services-business services, nec
", "chartHorizon": null, "backtest": { "tests": 1, "hits": 0, "rate": 0, "method": "v4", "byYear": { "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Treasure Global (TGL) saw revenue fall 89.4% in FY2025 to $2 million, operating margin -945% against a 7.9% median for services-business services, nec, equity 72.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-06-30", "revenue": 2330557, "totalDebt": null, "cash": 236895 }, "experience": { "revenueGrowth1y": -0.8943864113869736, "revenueGrowthPerYear": -0.3614789851451493, "operatingMargin": -9.453495881027584, "operatingMarginPrior": -0.2747554712097511, "netMargin": -10.030858717465396, "freeCashFlow": -9496317 }, "soundness": { "equityRatio": 0.7223577012748075, "returnOnEquity": -2.175918556427268, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7389, "sicDescription": "Services-Business Services, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7389", "growth": [ 0.1016, 72 ], "opMargin": [ 0.0788, 70 ], "equityRatio": [ 0.3958, 67 ], "returnOnEquity": [ 0.0932, 57 ], "payoutRatio": [ 0.2935, 14 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-30", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 2, "latest": { "filed": "2026-09-28", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026104122/0001213900-26-104122-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390025117673/0001213900-25-117673-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 2, "latest": { "filed": "2026-05-15", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026057761/0001213900-26-057761-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-05-05", "url": "https://www.sec.gov/Archives/edgar/data/1905956/000121390026052230/0001213900-26-052230-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 200935.91021037646, "high": 1124908.808364813, "baseline": 482108.97174621985, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 2483, "sizeBand": "under $50M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341, "coverageAllYears": 0.6904374799277399, "stressCoverageAllYears": 0.819004992974709, "outcomeYears": [ 2019, 2025 ] }, "credibility": { "weightOnOwnRecord": 0.25, "growthYears": 2, "ownVolatility": 0.7127520310471612, "classVolatility": 0.3000583276631395, "pricedVolatility": 0.44105568179138493, "k": 3 }, "stress": { "low": 178549.5852451771, "high": 1271156.539705224, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 1, "hits": 0, "rate": 0, "method": "v4", "byYear": { "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": null, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001905956.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1905956" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -2, "growth3y": -0.6919, "volatility": 0.7128, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.7411, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns -200.0% of revenue into operating cash; revenue shrinking 69.2% a year over three years; no common dividend.", "outside": "Among under $50M companies: 19th percentile for cash, 1st for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "under $50M", "cashPctInClass": 19, "growthPctInClass": 1, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, late quarterly report notice in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±70%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 4, "name": "Rotting at the dock", "plain": "four or more warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-06-30", "operating": -9481499, "investing": -5771193, "financing": 15433587, "capitalSpending": 14818, "free": -9496317, "trend": [ { "fiscalYearEnd": "2021-06-30", "operating": -6797648, "free": -6882498 }, { "fiscalYearEnd": "2022-06-30", "operating": -8663901, "free": -8976259 }, { "fiscalYearEnd": "2023-06-30", "operating": -9560285, "free": -9647249 }, { "fiscalYearEnd": "2024-06-30", "operating": -4712806, "free": -4729546 }, { "fiscalYearEnd": "2025-06-30", "operating": -9481499, "free": -9496317 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-06-30", "cash": 236895, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 14873148, "ladder": null, "currentRatio": 1.51, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -2, "growth3y": -0.6919, "volatility": 0.7128, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.7411, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns -200.0% of revenue into operating cash; revenue shrinking 69.2% a year over three years; no common dividend.", "outside": "Among under $50M companies: 19th percentile for cash, 1st for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "under $50M", "cashPctInClass": 19, "growthPctInClass": 1, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, late quarterly report notice in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±70%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 4, "name": "Rotting at the dock", "plain": "four or more warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-06-30", "operating": -9481499, "investing": -5771193, "financing": 15433587, "capitalSpending": 14818, "free": -9496317, "trend": [ { "fiscalYearEnd": "2021-06-30", "operating": -6797648, "free": -6882498 }, { "fiscalYearEnd": "2022-06-30", "operating": -8663901, "free": -8976259 }, { "fiscalYearEnd": "2023-06-30", "operating": -9560285, "free": -9647249 }, { "fiscalYearEnd": "2024-06-30", "operating": -4712806, "free": -4729546 }, { "fiscalYearEnd": "2025-06-30", "operating": -9481499, "free": -9496317 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-06-30", "cash": 236895, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 14873148, "ladder": null, "currentRatio": 1.51, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }