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OBLG

Oblong, Inc.

OBLG

Oblong, Inc. • NASDAQ
$2.14 ▲ 8.55% (+0.17)
Market Cap $3.89 M
52w High $5.50
52w Low $1.69
Dividend Yield 0%
P/E -2.46
Volume 52.51K
Outstanding Shares 1.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $601K ▲ $1.046M ▲ $-2.29M ▼ -381.032% ▼ $-0.74 ▼ $-2.29M ▼
Q2-2025 $592K ▼ $911K ▼ $-605K ▲ -102.196% ▲ $-0.38 ▲ $-683K ▲
Q1-2025 $622K ▲ $940K ▼ $-672K ▲ -108.039% ▲ $-0.59 ▲ $-691K ▲
Q4-2024 $563K ▼ $1.063M ▼ $-884K ▲ -157.016% ▲ $-0.78 ▲ $-883K ▲
Q3-2024 $578K $1.151M $-1.04M -179.931% $-11.25 $-985.75K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.737M ▼ $10.894M ▼ $1.07M ▼ $9.824M ▼
Q2-2025 $10.795M ▲ $13.064M ▲ $1.812M ▲ $11.252M ▲
Q1-2025 $4.316M ▼ $4.755M ▼ $1.405M ▲ $3.35M ▼
Q4-2024 $4.965M ▼ $5.275M ▼ $1.272M ▼ $4.003M ▼
Q3-2024 $5.619M $5.993M $1.322M $4.671M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.294M ▼ $-1.554M ▼ $-6.35M ▼ $846K ▼ $-7.058M ▼ $-1.474M ▼
Q2-2025 $-605K ▲ $-37K ▲ $-1.65M ▼ $8.166M ▲ $6.479M ▲ $-37K ▲
Q1-2025 $-672K ▲ $-680K ▲ $0 $31K ▼ $-1.149M ▼ $-680K ▲
Q4-2024 $-884K ▲ $-885K ▲ $0 $232K ▼ $-154K ▲ $-885K ▲
Q3-2024 $-1.04M $-911K $0 $671K $-239K $-911K

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Network Services
Network Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Professional and Other Services
Professional and Other Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Video Collaboration Service
Video Collaboration Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Collaboration Products
Collaboration Products
 $0 ▲$0 ▲$0 ▲$0 ▲
Managed Services
Managed Services
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Oblong’s income statement shows a company with essentially no active operating business left. Recent years reflect almost no revenue, with small but persistent operating losses. The pattern suggests the legacy software and hardware collaboration business has effectively wound down, and the new digital‑asset focus has not yet translated into recognizable operating income. Losses are modest in absolute size but meaningful relative to the company’s tiny scale, and the history of very large per‑share losses is heavily affected by repeated reverse stock splits rather than big swings in the underlying dollar amounts.

Balance Sheet

Balance Sheet The balance sheet is very small and very simple: a thin layer of assets, mostly cash or cash‑like, no traditional debt, and a sliver of equity. This “minimalist” structure reduces balance‑sheet complexity but also highlights how little hard backing the company currently has. The lack of debt is a positive in terms of financial flexibility, but the limited asset base means there is not much cushion if the new business strategy does not work out. Overall, it looks more like an early‑stage or shell entity than a mature operating software firm.

Cash Flow

Cash Flow Cash flows from operations have been slightly negative for several years, which is consistent with a company covering overhead without meaningful revenue. There is essentially no spending on physical assets, reinforcing that this is now a light, mostly financial or digital‑asset holding structure rather than a capital‑intensive tech hardware player. The key question going forward is whether the digital asset strategy can generate enough inflows—through appreciation, staking income, or related services—to offset ongoing costs and avoid the need for repeated capital raises or dilution.

Competitive Edge

Competitive Edge Historically, Oblong had a niche position in high‑end, immersive collaboration rooms, competing on unique interfaces and visual experiences. That legacy market is now dominated by larger, more scalable platforms from big technology firms, and Oblong’s hardware‑heavy approach struggled to reach mass adoption. Today, the company’s identity is shifting toward a digital‑asset treasury focused on a single decentralized AI ecosystem. In this new arena, it does not yet have a clear, defensible moat beyond being an early, concentrated holder of a specific token, which is a fragile and highly market‑dependent advantage.

Innovation and R&D

Innovation and R&D Oblong’s past innovation was in gesture‑based interfaces, spatial computing, and immersive meeting rooms, backed by a meaningful patent portfolio and some high‑profile customers. That technical heritage remains an asset, but active development in those areas appears muted since the strategic pivot. The new direction—building around decentralized AI and a specific crypto network—has potential for novel tools and infrastructure, yet is still largely conceptual from a product and revenue standpoint. Future R&D success will depend on whether the company moves beyond simply holding tokens to actually creating software, analytics, or services that solve real problems in the Bittensor ecosystem or adjacent markets.

Summary

Oblong is essentially a legacy collaboration‑tech innovator that has reinvented itself as a tiny, publicly traded vehicle for exposure to a niche of the decentralized AI and crypto world. Financial statements show almost no operating business left, limited assets, no debt, and small but recurring losses, all layered on top of a history of significant reverse stock splits. The main upside scenario hinges on the value and utility of its digital‑asset holdings and any software it may build around them; the main risk is that this remains a thin, speculative structure with little operating substance. Overall, the story has shifted from enterprise software execution to a high‑uncertainty, high‑volatility digital‑asset experiment, where both the technology path and financial outcomes are still very unclear.

NEWS

November 13, 2025 · 8:00 AM UTC

Oblong Reports Q3 2025 Results

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September 10, 2025 · 8:30 AM UTC

Oblong Issues Shareholder Letter

Read more