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VRAR

The Glimpse Group, Inc.

VRAR

The Glimpse Group, Inc. • NASDAQ
$1.23 ▲ 3.36% (+0.04)
Market Cap $25.92 M
52w High $7.00
52w Low $0.67
Dividend Yield 0%
P/E -10.25
Volume 52.42K
Outstanding Shares 21.08M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $1.399M ▼ $2.277T ▲ $-1.033T ▼ -73.879M% ▼ $-49.075K ▼ $-969.239B ▼
Q4-2025 $3.498M ▲ $2.284M ▼ $-62.129K ▲ -1.776% ▲ $-0.003 ▲ $462 ▲
Q3-2025 $1.422M ▼ $2.605M ▲ $-1.502M ▼ -105.623% ▼ $-0.071 ▼ $-1.441M ▼
Q2-2025 $3.169M ▲ $2.018M ▼ $25.872K ▲ 0.816% ▲ $0.001 ▲ $135.624K ▲
Q1-2025 $2.438M $2.958M $-1.014M -41.593% $-0.06 $-750.601K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $5.562T ▲ $18.35T ▲ $2.198T ▲ $16.151T ▲
Q4-2025 $6.833M ▼ $19.279M ▼ $2.343M ▼ $16.936M ▲
Q3-2025 $7.058M ▼ $20.245M ▼ $3.517M ▼ $16.728M ▼
Q2-2025 $8.445M ▲ $22.255M ▲ $4.337M ▲ $17.918M ▲
Q1-2025 $1.414M $15.165M $4.274M $10.891M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-1.033M ▼ $-1.29M ▼ $-8.084K ▼ $28K ▲ $-1.27M ▼ $-1.298M ▼
Q4-2025 $-62.129K ▲ $-147.64K ▼ $-1.055K ▲ $-76.6K ▼ $-225.295K ▲ $-148.695K ▼
Q3-2025 $-1.502M ▼ $127.019K ▼ $-1.515M ▼ $760 ▼ $-1.387M ▼ $111.972K ▼
Q2-2025 $25.872K ▲ $171.892K ▲ $-16.95K ▼ $6.877M ▲ $7.031M ▲ $154.942K ▲
Q1-2025 $-1.014M $-425.045K $-9.456K $0 $-434.501K $-434.501K

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Royalty Income
Royalty Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Software License
Software License
 $0 ▲$0 ▲$0 ▲$0 ▲
Software Services
Software Services
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The Glimpse Group looks like a very small but gradually maturing business. Revenue has been modest and fairly flat over the last few years, but the company appears to have tightened its cost base and moved closer to break-even on operating profit and net income. Earlier periods show clearly loss-making operations; more recent results suggest losses have narrowed significantly and are hovering around breakeven. This points to better cost discipline and a more focused mix of projects, but also highlights that the business is still early-stage, with limited scale and sensitivity to any slowdown in new contracts or project work.

Balance Sheet

Balance Sheet The balance sheet is simple and relatively clean. The company carries no financial debt, which reduces refinancing and interest-rate risk. It holds some cash and a modest level of total assets, though these have declined from earlier years, suggesting prior cash usage and possibly some write-downs or consolidation. Equity remains positive, but the cushion is not large, which means the company does not have a huge buffer against prolonged losses or unexpected shocks. Overall, the balance sheet looks lean, with low leverage but also limited resources, typical of an early-stage technology platform still building scale.

Cash Flow

Cash Flow Cash flow has improved from clearly negative levels a couple of years ago to roughly cash-flow neutral more recently. Operating cash usage has been reduced, and there is little to no heavy capital spending, so free cash flow now sits close to break-even. This suggests the business can largely fund itself from operations in its current form, which is a positive shift compared with earlier cash burn. However, because the company operates at a small scale and relies on project-based revenue, cash flows are likely to remain somewhat volatile and dependent on contract timing and renewals.

Competitive Edge

Competitive Edge Competitively, The Glimpse Group is positioned as an enterprise-focused VR/AR platform rather than a single-product company. Its portfolio of specialized subsidiaries gives it exposure to multiple use cases—defense, healthcare, education, training, and marketing—reducing dependence on any one vertical. The proprietary Spatial Core platform, cross-platform VR tools, and an expanding patent portfolio provide some technological differentiation and potential barriers to entry. Its focus on large organizations and government clients offers more stable, contract-based work than consumer VR, but also exposes it to long sales cycles, procurement complexity, and dependence on a limited set of large customers.

Innovation and R&D

Innovation and R&D Innovation is a central part of the strategy. The company is building a meaningful set of patents around spatial computing, adaptive VR environments, cross-platform experiences, and immersive content tools. Its subsidiary model encourages focused R&D in areas such as defense simulations, mental health and education in VR, medical training, and photorealistic 3D content. The planned spin-off of Brightline Interactive underscores confidence in the value of its spatial computing and AI simulation capabilities. The key watchpoints are whether these technologies translate into broad, repeatable deployments and software-style revenue, and whether the company can keep funding R&D at a healthy pace without overextending its limited financial base.

Summary

Overall, The Glimpse Group is a small, early-stage VR/AR infrastructure and services company that appears to be transitioning from heavy investment and losses toward operational and cash-flow breakeven. Its balance sheet is simple and debt-free but not deep, which limits room for missteps. Strategically, it benefits from a diversified subsidiary structure, an enterprise and government focus, and a growing patent portfolio that together create a developing competitive moat in immersive technologies. The main opportunities lie in scaling its platforms, successfully executing the Brightline spin-off, and deepening relationships in sectors like defense, healthcare, and education. The main risks stem from its small size, modest revenue base, reliance on project-driven contracts, and the still-evolving adoption curve of VR/AR and spatial computing in enterprise settings.

NEWS

November 13, 2025 · 4:01 PM UTC

The Glimpse Group Reports Q1 Fiscal Year 2026 Financial Results

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November 7, 2025 · 8:30 AM UTC

The Glimpse Group to Announce Q1 Fiscal Year 2026 Financial Results On Thursday, November 13, 2025 at 4:30pm Eastern Time

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October 27, 2025 · 8:45 AM UTC

The Glimpse Group Launches IPO/Spin-Off Initiative For Brightline Interactive

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September 30, 2025 · 8:15 AM UTC

The Glimpse Group Reports Fiscal Year 2025 Financial Results

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September 24, 2025 · 8:30 AM UTC

The Glimpse Group, In Partnership with Montefiore Einstein, Unveils Groundbreaking VR Study for Teen Mental Health

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