Filing Flows › Treasure Global (TGL) › Q2 FY26
Treasure Global (TGL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 23, 2026
Treasure Global (TGL) reported revenue of $1.1M for the second quarter fiscal 2026 (Q2 FY26), +258% from a year earlier and +492% from the quarter before. Operating margin was -709.4%, net loss $3.1M (287.7% of revenue).
Treasure Global, Q2 FY26: revenue $1.1M (+258% year over year), operating margin -709.4%, net loss $3.1M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | +492% | +258% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$3.1M | — | — |
| Operating cash flow | −$3.0M | — | — |
What changed
Revenue was $1.1M in Q2 FY26, up 258% year over year and up 492% from the previous quarter. Gift Card EVoucher Revenue was the largest line at 97% of revenue. Gift Card EVoucher Revenue added $1.0M year over year (up 7631%), 132% of the total change. Product Revenues declined 96%.
Gross margin was 0.1%, down 74.1 points from Q2 FY25. Operating costs exceeded revenue by $7.7M, an operating margin of -709.4%. Operating expenses grew 736% against revenue growth of 258%. The fastest-growing cost line was Other operating costs (+3465%). The quarter ended with a net loss of $3.1M, wider than the previous quarter's $2.1M loss. Non-operating items added $4.7M, -155% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.0M. Non-cash charges added back $84K of depreciation and $787K of share-based compensation. Working capital and other items used $732K. Capital expenditures of $333K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Treasure Global's revenue in the second quarter fiscal 2026?
Treasure Global (TGL) reported revenue of $1.1M for the second quarter fiscal 2026 (Q2 FY26), +258% from a year earlier and +492% from the quarter before.
Was Treasure Global profitable in the second quarter fiscal 2026?
Operating loss was $7.7M (-709.4% of revenue) and net loss $3.1M.
Source: Treasure Global 10-Q on SEC EDGAR.