Form 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_________ to________ COMMISSION FILE NUMBER 001-41476 Treasure Global Inc(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes☐No☒ As of May 20, 2026, the registrant had a total of 1,675,725 shares of its common stock, par value $0.00001 per share, issued andoutstanding. INDEX PagePART I. FINANCIAL INFORMATION1Item 1.Unaudited Condensed Consolidated Financial Statements1Unaudited Condensed Consolidated Balance Sheets1Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss2Unaudited Condensed Consolidated Statements of Change in Stockholders’ Equity3Unaudited Condensed Consolidated Statements of Cash Flows4Notes to Unaudited Condensed Consolidated Financial Statements5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations42Item 3.Quantitative and Qualitative Disclosures About Market Risk60Item 4.Controls and Procedures60PART II. OTHER INFORMATION61Item 1.Legal Proceedings61Item 1A.Risk Factors61Item 2.Unregistered Sales of Equity Securities and Use of Proceeds61Item 3.Defaults Upon Senior Securities62Item 4.Mine Safety Disclosures62Item 5.Other Information62Item 6.Exhibits62SIGNATURES63 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains “forward-looking statements” within the meaning of thePrivate Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), andSection 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-lookingstatements largely on our current expectations and projections about future events and financial trends impacting the financialcondition of our business. Forward-looking statements should not be read as a guarantee of future performance or results and will notnecessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-lookingstatements are based on information available at the time those statements are made and/or management’s good faith belief as of thattime with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differmaterially from those expressed in or suggested by the forward-looking statements. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify forward-lookingstatements by terms such as “may,” “will,” “should,” “could,” “would,” “expect,” “intend,” “seek,” “plan,” “anticipate,” “believe,”“estimate,” “project,” “predict,” “potential,” “might,” “forecast,” “continue” or the negative of those terms, and similar expressionsand comparable terminology intended to reference future periods. Forward-looking statements include, but are not limited to,statements about: ●Our ability to effectively operate our business segments;●Our ability to manage our research, development, expansion, growth and operating expenses;●Our ability to evaluate and measure our business, prospects and performance metrics;●Our ability to compete, directly and indirectly, and succeed in our highly competitive industry;●Our ability to respond and adap