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FreeCast, Inc. (CAST) Financials

CAST
FY2025 annual
Revenue $628K +23.7% YoY
Net Income Not reported for FY2025
EPS (Diluted) -$0.36 +41.9% YoY
Gross Profit $282K +64.7% YoY
Market Cap $67.1M as of Sep 12, 2026
Price / Sales 107x on $628K revenue, FY2025
Price / Earnings n/m no net income reported
Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Mar 31, 2026 Reported Currency USD FYE June

Newest figures come from the S-1/A for Q3 FY2026, filed Jul 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CAST SEC filings page.

FreeCast, Inc. (CAST) reported $628K in revenue for fiscal year 2025, up 23.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CAST FY2025

FreeCast’s reported profile is dominated by external financing and a balance sheet where short-term obligations overwhelm operating scale.

In FY2024, operating cash flow was -$11.3M against revenue of only $508K, showing that reported sales were nowhere near sufficient to fund operations. Financing cash flow supplied $14.9M that year, linking the cash position to funding activity rather than internally generated cash.

Revenue reached $628K in FY2025 from $508K in FY2024, but the more informative shift was gross-margin expansion. Gross margin moved from 33.7% to 44.8%, consistent with improved unit economics or a more favorable revenue mix, though the available data cannot distinguish them.

Liabilities fell from $123.8M in FY2024 to $6.2M in FY2025, yet remained above assets in both reported years, leaving negative equity rather than a conventional capital cushion. FY2025 current liabilities were $6.0M versus current assets of $873K; that structure is reflected in a 0.1x current ratio, indicating substantial short-term balance-sheet pressure.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

FreeCast, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue
$93K
YoY-35.4%

FreeCast, Inc. generated $93K in revenue in Q3 2026. This represents a decrease of 35.4% from the same quarter a year earlier.

EBITDA
-$4.4M
YoY-33.8%

FreeCast, Inc.'s EBITDA was -$4.4M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.8% from the same quarter a year earlier.

Net Income
-$4.5M
YoY-34.1%
QoQ-62.9%

FreeCast, Inc. reported -$4.5M in net income in Q3 2026. This represents a decrease of 34.1% from the same quarter a year earlier. Against the prior quarter it is down 62.9%.

EPS (Diluted)
-$0.11
YoY-22.2%

FreeCast, Inc. earned -$0.11 per diluted share (EPS) in Q3 2026. This represents a decrease of 22.2% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow
-$2.9M
YoY+13.2%

FreeCast, Inc. recorded an outflow of $2.9M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents an increase of 13.2% from the same quarter a year earlier.

Cash & Debt
$119K
YoY+17.4%
QoQ-72.5%

FreeCast, Inc. held $119K in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding
Diluted avg 40M

FreeCast, Inc. had a weighted average of 40M diluted shares in Q3 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin
63.0%
YoY+28.1pp

FreeCast, Inc.'s gross margin was 63.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 28.1 percentage points from the same quarter a year earlier.

Operating Margin

Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures
$8K
YoY+750700.0%

FreeCast, Inc. invested $8K in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 750700.0% from the same quarter a year earlier.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

CAST Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CAST quarterly income statement
MetricQ3'26S-1/AQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'25S-1/AQ2'25S-1/AQ1'25S-1/AQ4'24S-1/A
Revenue$93K-35.4%N/AN/AN/A$144KN/AN/AN/A
Cost of Revenue$34K-63.3%N/AN/AN/A$94KN/AN/AN/A
Gross Profit$58K+16.6%N/AN/AN/A$50KN/AN/AN/A
SG&A Expenses$2.1M+11.8%N/AN/AN/A$1.9MN/AN/AN/A
Operating Income-$4.4M-33.7%N/AN/AN/A-$3.3MN/AN/AN/A
EBITDA-$4.4M-33.8%N/AN/AN/A-$3.3MN/AN/AN/A
Interest Expense$110K+54.3%N/AN/AN/A$71KN/AN/AN/A
Net Income-$4.5M-34.1%-$2.8M+29.2%-$2.9M+19.6%N/A-$3.4M-$3.9M-$3.6MN/A
EPS (Basic)-$0.11-22.2%N/AN/A-$0.09-$0.09N/AN/AN/A
EPS (Diluted)-$0.11-22.2%N/AN/A-$0.09-$0.09N/AN/AN/A
Diluted Shares (Avg)40M+1.1%N/AN/AN/A40MN/AN/AN/A

Not reported in any period shown, so not listed: R&D Expenses, Income Tax.

CAST Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CAST quarterly balance sheet
MetricQ3'26S-1/AQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'25S-1/AQ2'25S-1/AQ1'25S-1/AQ4'24S-1/A
Total Assets$1.1MN/AN/A$1.4M-77.4%N/AN/AN/A$6.1M
Current Assets$623KN/AN/A$873K-84.2%N/AN/AN/A$5.5M
Cash & Equivalents$119K+17.4%$433KN/A$549K-89.5%$102KN/AN/A$5.2M
Short-Term Investments$0$0N/A$0$0N/AN/A$0
Accounts Receivable$138KN/AN/A$131K+8720.9%N/AN/AN/A$1K
Long-Term Investments$0$0N/A$0$0N/AN/A$0
Total Liabilities$8.1MN/AN/A$6.2M-95.0%N/AN/AN/A$123.8M
Current Liabilities$7.9MN/AN/A$6.0M+344.5%N/AN/AN/A$1.3M
Non-Current Liabilities$209KN/AN/A$292K-88.2%N/AN/AN/A$2.5M
Total Equity-$7.0M-115.0%-$3.5M-231.2%-$851K+99.3%-$4.9M+95.9%-$3.3M-$1.1M-$121.0M-$117.7M
Retained Earnings-$205.4MN/AN/A-$195.2M-7.8%N/AN/AN/A-$181.2M

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

CAST Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CAST quarterly cash flow statement
MetricQ3'26S-1/AQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'25S-1/AQ2'25S-1/AQ1'25S-1/AQ4'24S-1/A
Operating Cash Flow-$2.9M+13.5%N/AN/A-$2.4M-$3.3MN/AN/AN/A
Depreciation & Amortization$4K-34.2%N/AN/A$6K$6KN/AN/AN/A
Capital Expenditures$8K+750700.0%N/AN/A$5K-$1N/AN/AN/A
Free Cash Flow-$2.9M+13.2%N/AN/A-$2.4M-$3.3MN/AN/AN/A
Investing Cash Flow-$8K-750900.0%N/AN/A-$5K$1N/AN/AN/A
Financing Cash Flow$2.5M+113.2%N/AN/A$2.8M$1.2MN/AN/AN/A

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

CAST Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CAST quarterly financial ratios
MetricQ3'26S-1/AQ2'26S-1/AQ1'26S-1/AQ4'25S-1/AQ3'25S-1/AQ2'25S-1/AQ1'25S-1/AQ4'24S-1/A
Gross Margin63.0%+28.1ppN/AN/AN/A34.9%N/AN/AN/A
Operating Margin-4759.3%N/AN/AN/A-2298.6%N/AN/AN/A
Net Margin-4880.0%N/AN/AN/A-2349.5%N/AN/AN/A
Return on Assets-404.3%N/AN/AN/AN/AN/AN/AN/A
Current Ratio0.08N/AN/A0.15-4.0xN/AN/AN/A4.14
Asset Turnover0.08N/AN/AN/AN/AN/AN/AN/A
FCF Margin-3076.7%N/AN/AN/A-2289.7%N/AN/AN/A

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$4.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.15), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is FreeCast, Inc.'s annual revenue?

FreeCast, Inc. (CAST) reported $628K in total revenue for fiscal year 2025. This represents a 23.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FreeCast, Inc.'s revenue growing?

FreeCast, Inc. (CAST) revenue grew by 23.7% year-over-year, from $508K to $628K in fiscal year 2025.

What is FreeCast, Inc.'s earnings per share (EPS)?

FreeCast, Inc. (CAST) reported diluted earnings per share of -$0.36 for fiscal year 2025. This represents a 41.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

FreeCast, Inc. (CAST) had a gross margin of 44.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

FreeCast, Inc. (CAST) had $1.4M in total assets as of fiscal year 2025, including both current and long-term assets.

FreeCast, Inc. (CAST) invested $27K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

FreeCast, Inc. (CAST) had a current ratio of 0.15 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

FreeCast, Inc. (CAST) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $67.1M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

FreeCast, Inc. (CAST) trades at 107x sales, its market capitalization divided by revenue of $628K revenue, FY2025. The market capitalization is $67.1M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

FreeCast, Inc. (CAST) has negative shareholder equity of -$4.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

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