Glimpse Group Inc (The) Financials

VRAR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE June

Financial Health Signals

Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Glimpse Group Inc (The) has an operating margin of -26.1%, meaning the company retains $-26 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -75.1% the prior year.

Growth

Glimpse Group Inc (The)'s revenue surged 19.6% year-over-year to $10.5M, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

100

Glimpse Group Inc (The) carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.49, Glimpse Group Inc (The) holds $3.49 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Glimpse Group Inc (The) generated -$274K in operating cash flow, capex of $43K consumed most of it, leaving -$316K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Glimpse Group Inc (The) passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.11x

For every $1 of reported earnings, Glimpse Group Inc (The) generates $0.11 in operating cash flow (-$274K OCF vs -$2.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Glimpse Group Inc (The) (VRAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

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Key Financial Metrics

Revenue

$10.5M

YoY+19.6%

5Y CAGR+40.2%

Glimpse Group Inc (The) generated $10.5M in revenue in fiscal year 2025. This represents an increase of 19.6% from the prior year.

EBITDA

-$2.2M

YoY+57.5%

Glimpse Group Inc (The)'s EBITDA was -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 57.5% from the prior year.

Free Cash Flow

-$316K

YoY+94.0%

Glimpse Group Inc (The) generated -$316K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 94.0% from the prior year.

Net Income

-$2.6M

YoY+60.1%

Glimpse Group Inc (The) reported -$2.6M in net income in fiscal year 2025. This represents an increase of 60.1% from the prior year.

EPS (Diluted)

$-0.13

YoY+65.8%

Glimpse Group Inc (The) earned $-0.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 65.8% from the prior year.

Cash & Debt

$6.8M

YoY+269.7%

5Y CAGR+45.9%

Glimpse Group Inc (The) held $6.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

21M

YoY+16.0%

5Y CAGR+24.5%

Glimpse Group Inc (The) had 21M shares outstanding in fiscal year 2025. This represents an increase of 16.0% from the prior year.

Gross Margin

67.6%

YoY+1.0pp

5Y CAGR+26.1pp

Glimpse Group Inc (The)'s gross margin was 67.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.

Operating Margin

-26.1%

YoY+49.1pp

5Y CAGR+226.9pp

Glimpse Group Inc (The)'s operating margin was -26.1% in fiscal year 2025, reflecting core business profitability. This is up 49.1 percentage points from the prior year.

Net Margin

-24.3%

YoY+48.4pp

5Y CAGR+232.4pp

Glimpse Group Inc (The)'s net profit margin was -24.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 48.4 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$3.5M

YoY-35.9%

5Y CAGR+7.5%

Glimpse Group Inc (The) invested $3.5M in research and development in fiscal year 2025. This represents a decrease of 35.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$43K

YoY+34.7%

5Y CAGR+5.4%

Glimpse Group Inc (The) invested $43K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 34.7% from the prior year.

VRAR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$10.5M+19.6%	$8.8M-34.7%	$13.5M+85.5%	$7.3M+112.4%	$3.4M+75.9%	$1.9M
Cost of Revenue	$3.4M+15.9%	$2.9M-31.0%	$4.3M+243.7%	$1.2M-15.1%	$1.5M+28.5%	$1.1M
Gross Profit	$7.1M+21.4%	$5.9M-36.4%	$9.2M+52.9%	$6.0M+207.4%	$2.0M+142.6%	$808K
R&D Expenses	$3.5M-35.9%	$5.5M-38.0%	$8.8M+42.8%	$6.2M+93.5%	$3.2M+30.9%	$2.4M
SG&A Expenses	$3.6M-15.3%	$4.3M-14.8%	$5.0M+13.2%	$4.5M+101.3%	$2.2M+20.5%	$1.8M
Operating Income	-$2.7M+58.6%	-$6.6M+77.0%	-$28.8M-354.2%	-$6.3M-6.6%	-$6.0M-20.9%	-$4.9M
Interest Expense	N/A	N/A	N/A	N/A	$181K+121.8%	$81K
Income Tax	N/A	$0	$0	$0	$0	N/A
Net Income	-$2.6M+60.1%	-$6.4M+77.6%	-$28.6M-378.7%	-$6.0M+2.1%	-$6.1M-22.0%	-$5.0M
EPS (Diluted)	$-0.13+65.8%	$-0.38+81.5%	$-2.05-302.0%	$-0.51	N/A	N/A

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Revenue	$1.4M-1.7%	$1.4M-55.1%	$3.2M+30.0%	$2.4M+28.6%	$1.9M-8.7%	$2.1M-33.1%	$3.1M-15.5%	$3.7M
Cost of Revenue	$391K-2.8%	$402K-64.8%	$1.1M+122.0%	$515K-9.5%	$569K-13.1%	$656K-44.5%	$1.2M-3.4%	$1.2M
Gross Profit	$1.0M-1.2%	$1.0M-49.6%	$2.0M+5.3%	$1.9M+45.0%	$1.3M-6.7%	$1.4M-26.1%	$1.9M-21.5%	$2.4M
R&D Expenses	$973K+17.3%	$830K+25.8%	$660K-41.1%	$1.1M-1.4%	$1.1M-18.3%	$1.4M-17.2%	$1.7M-22.1%	$2.2M
SG&A Expenses	$979K-16.0%	$1.2M+37.8%	$845K-10.0%	$940K-23.8%	$1.2M+18.1%	$1.0M-4.6%	$1.1M-3.6%	$1.1M
Operating Income	-$1.3M+15.6%	-$1.6M-22976.6%	$7K+100.7%	-$1.0M+35.5%	-$1.6M-97.3%	-$812K-375.9%	-$171K+96.8%	-$5.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.0M+31.2%	-$1.5M-5906.3%	$26K+102.6%	-$1.0M+34.2%	-$1.5M-108.9%	-$738K-518.2%	-$119K+97.7%	-$5.2M
EPS (Diluted)	$-0.05+28.6%	$-0.07	$0.00+100.0%	$-0.06+33.3%	$-0.09-125.0%	$-0.04-300.0%	$-0.01+97.3%	$-0.37

VRAR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$19.3M+23.9%	$15.6M-35.9%	$24.3M-36.8%	$38.4M+1092.1%	$3.2M+61.3%	$2.0M
Current Assets	$8.2M+132.2%	$3.5M-54.8%	$7.8M-57.3%	$18.3M+474.1%	$3.2M+62.5%	$2.0M
Cash & Equivalents	$6.8M+269.7%	$1.8M-67.1%	$5.6M-65.4%	$16.2M+817.1%	$1.8M+71.2%	$1.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$841K+16.3%	$723K-50.3%	$1.5M+9.1%	$1.3M+112.8%	$626K+191.7%	$215K
Goodwill	$10.9M0.0%	$10.9M-3.4%	$11.2M-16.5%	$13.5M	$0	$0
Total Liabilities	$2.3M-41.7%	$4.0M-69.2%	$13.1M+36.3%	$9.6M+118.1%	$4.4M+90.7%	$2.3M
Current Liabilities	$2.3M-3.7%	$2.4M-70.1%	$8.1M+91.7%	$4.2M+81.2%	$2.3M+310.0%	$571K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$16.9M+46.8%	$11.5M+2.8%	$11.2M-61.1%	$28.8M+2559.2%	-$1.2M-283.3%	-$306K
Retained Earnings	-$65.6M-4.0%	-$63.0M-11.3%	-$56.6M-101.7%	-$28.1M-27.0%	-$22.1M-38.0%	-$16.0M

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Total Assets	$18.3M-9.4%	$20.2M-9.0%	$22.3M+46.7%	$15.2M-26.4%	$20.6M-6.7%	$22.1M-8.7%	$24.2M-41.0%	$41.0M
Current Assets	$7.3M-18.4%	$9.0M-17.3%	$10.9M+217.4%	$3.4M-44.3%	$6.1M-14.7%	$7.2M-19.0%	$8.9M+4.6%	$8.5M
Cash & Equivalents	$5.6M-21.2%	$7.1M-16.4%	$8.4M+497.3%	$1.4M-67.0%	$4.3M-17.9%	$5.2M+32.9%	$3.9M-35.0%	$6.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$657K+0.8%	$652K-53.1%	$1.4M+59.7%	$871K-10.6%	$975K-21.7%	$1.2M+3.6%	$1.2M-22.5%	$1.6M
Goodwill	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M-51.3%	$22.3M
Total Liabilities	$2.2M-37.5%	$3.5M-18.9%	$4.3M+1.5%	$4.3M-22.5%	$5.5M-24.2%	$7.3M-20.5%	$9.2M-29.3%	$12.9M
Current Liabilities	$2.2M-37.2%	$3.5M-18.3%	$4.3M+3.4%	$4.1M+6.4%	$3.9M-35.9%	$6.1M+8.1%	$5.6M-4.8%	$5.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$16.2M-3.4%	$16.7M-6.6%	$17.9M+64.5%	$10.9M-27.8%	$15.1M+2.0%	$14.8M+22.8%	$12.1M-57.0%	$28.0M
Retained Earnings	-$66.6M-1.7%	-$65.5M-2.3%	-$64.0M0.0%	-$64.1M-8.5%	-$59.0M-2.7%	-$57.5M-1.3%	-$56.8M-51.9%	-$37.4M

VRAR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$274K+94.7%	-$5.2M+43.1%	-$9.2M-85.4%	-$4.9M-308.5%	-$1.2M+40.2%	-$2.0M
Capital Expenditures	$43K+34.7%	$32K	N/A	$202K+621.3%	$28K-14.3%	$33K
Free Cash Flow	-$316K+94.0%	-$5.2M	N/A	-$5.1M-315.5%	-$1.2M+39.8%	-$2.1M
Investing Cash Flow	-$1.5M-0.9%	-$1.5M+56.7%	-$3.5M+30.1%	-$5.1M-17959.5%	-$28K+14.3%	-$33K
Financing Cash Flow	$6.8M+129.1%	$3.0M+4390.2%	$66K-99.8%	$26.5M+1240.7%	$2.0M+4.6%	$1.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Operating Cash Flow	-$1.3M-892.5%	-$130K-175.6%	$172K+140.4%	-$425K+54.0%	-$925K+44.8%	-$1.7M+0.5%	-$1.7M-52.6%	-$1.1M
Capital Expenditures	$8K-46.3%	$15K-11.2%	$17K+79.3%	$9K-10.8%	$11K	N/A	N/A	N/A
Free Cash Flow	-$1.3M-795.1%	-$145K-193.6%	$155K+135.7%	-$435K+53.5%	-$935K	N/A	N/A	N/A
Investing Cash Flow	-$8K+99.5%	-$1.5M-8838.3%	-$17K-79.3%	-$9K+10.8%	-$11K-515.6%	-$2K+75.5%	-$7K+90.6%	-$75K
Financing Cash Flow	$28K+3584.2%	$760	$0	N/A	$0	$0	N/A	$21K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VRAR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	67.6%+1.0pp	66.6%-1.8pp	68.4%-14.6pp	82.9%+25.6pp	57.3%+15.7pp	41.5%
Operating Margin	-26.1%+49.1pp	-75.1%+138.5pp	-213.6%-126.4pp	-87.3%+86.7pp	-173.9%+79.0pp	-252.9%
Net Margin	-24.3%+48.4pp	-72.6%+139.2pp	-211.9%-129.8pp	-82.1%+96.0pp	-178.0%+78.6pp	-256.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-13.2%+27.9pp	-41.1%+76.6pp	-117.7%-102.1pp	-15.5%+173.6pp	-189.1%+60.9pp	-250.0%
Current Ratio	3.49+2.0	1.45+0.5	0.96-3.3	4.31+2.9	1.36-2.1	3.43
Debt-to-Equity	0.14-0.2	0.35-0.8	1.16+0.8	0.33+4.1	-3.75+3.8	-7.53
FCF Margin	-3.0%+56.5pp	-59.5%	N/A	-70.8%-34.6pp	-36.2%+69.6pp	-105.7%

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Gross Margin	72.0%+0.3pp	71.7%+7.8pp	63.9%-15.0pp	78.9%+8.9pp	70.0%+1.5pp	68.4%+6.5pp	62.0%-4.7pp	66.7%
Operating Margin	-95.6%+15.8pp	-111.4%-111.6pp	0.2%+42.7pp	-42.4%+42.1pp	-84.6%-45.5pp	-39.1%-33.6pp	-5.5%+138.3pp	-143.8%
Net Margin	-73.9%+31.7pp	-105.6%-106.4pp	0.8%+42.4pp	-41.6%+39.8pp	-81.4%-45.8pp	-35.6%-31.7pp	-3.9%+138.4pp	-142.2%
Return on Equity	N/A	N/A	0.1%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-5.6%+1.8pp	-7.4%-7.5pp	0.1%+6.8pp	-6.7%+0.8pp	-7.5%-4.1pp	-3.3%-2.8pp	-0.5%+12.3pp	-12.8%
Current Ratio	3.34+0.8	2.57+0.0	2.54+1.7	0.83-0.8	1.58+0.4	1.19-0.4	1.58+0.1	1.44
Debt-to-Equity	0.14-0.1	0.21-0.0	0.24-0.2	0.39+0.0	0.37-0.1	0.49-0.3	0.76+0.3	0.46
FCF Margin	-92.8%-82.6pp	-10.2%-15.1pp	4.9%+22.7pp	-17.8%+31.5pp	-49.3%	N/A	N/A	N/A

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Frequently Asked Questions

What is Glimpse Group Inc (The)'s annual revenue?

Glimpse Group Inc (The) (VRAR) reported $10.5M in total revenue for fiscal year 2025. This represents a 19.6% 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 Glimpse Group Inc (The)'s revenue growing?

Glimpse Group Inc (The) (VRAR) revenue grew by 19.6% year-over-year, from $8.8M to $10.5M in fiscal year 2025.

Is Glimpse Group Inc (The) profitable?

No, Glimpse Group Inc (The) (VRAR) reported a net income of -$2.6M in fiscal year 2025, with a net profit margin of -24.3%.

What is Glimpse Group Inc (The)'s earnings per share (EPS)?

Glimpse Group Inc (The) (VRAR) reported diluted earnings per share of $-0.13 for fiscal year 2025. This represents a 65.8% 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.

What is Glimpse Group Inc (The)'s EBITDA?

Glimpse Group Inc (The) (VRAR) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Glimpse Group Inc (The)'s gross margin?

Glimpse Group Inc (The) (VRAR) had a gross margin of 67.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Glimpse Group Inc (The)'s operating margin?

Glimpse Group Inc (The) (VRAR) had an operating margin of -26.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Glimpse Group Inc (The)'s net profit margin?

Glimpse Group Inc (The) (VRAR) had a net profit margin of -24.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Glimpse Group Inc (The)'s free cash flow?

Glimpse Group Inc (The) (VRAR) generated -$316K in free cash flow during fiscal year 2025. This represents a 94.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Glimpse Group Inc (The)'s operating cash flow?

Glimpse Group Inc (The) (VRAR) generated -$274K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Glimpse Group Inc (The)'s total assets?

Glimpse Group Inc (The) (VRAR) had $19.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Glimpse Group Inc (The)'s capital expenditures?

Glimpse Group Inc (The) (VRAR) invested $43K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Glimpse Group Inc (The) spend on research and development?

Glimpse Group Inc (The) (VRAR) invested $3.5M in research and development during fiscal year 2025.

How many shares does Glimpse Group Inc (The) have outstanding?

Glimpse Group Inc (The) (VRAR) had 21M shares outstanding as of fiscal year 2025.

What is Glimpse Group Inc (The)'s current ratio?

Glimpse Group Inc (The) (VRAR) had a current ratio of 3.49 as of fiscal year 2025, which is generally considered healthy.

What is Glimpse Group Inc (The)'s debt-to-equity ratio?

Glimpse Group Inc (The) (VRAR) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Glimpse Group Inc (The)'s return on assets (ROA)?

Glimpse Group Inc (The) (VRAR) had a return on assets of -13.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Glimpse Group Inc (The)'s cash runway?

Based on fiscal year 2025 data, Glimpse Group Inc (The) (VRAR) had $6.8M in cash against an annual operating cash burn of $274K. This gives an estimated cash runway of approximately 299 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Glimpse Group Inc (The)'s Piotroski F-Score?

Glimpse Group Inc (The) (VRAR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Glimpse Group Inc (The)'s earnings high quality?

Glimpse Group Inc (The) (VRAR) has an earnings quality ratio of 0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Glimpse Group Inc (The)?

Glimpse Group Inc (The) (VRAR) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.