The Glimpse Group, Inc. (VRAR) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed May 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VRAR SEC filings page.
The Glimpse Group, Inc. (VRAR) reported $6.9M in revenue over the twelve months to Mar 31, 2026, down 21.7% from the prior twelve months. This page shows its 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).
FY2025 shows a development-stage business nearing cash break-even after spending cuts, while outside financing still supports the balance sheet.
Earnings quality improved faster than profitability: the net loss narrowed to$2.6M in FY2025, yet operating cash flow was only-$274K and free cash flow-$316K . That gap suggests non-cash charges and working-capital movements reduced the cash impact of the reported loss, but operations had not reached positive cash generation.
The cost structure changed materially rather than revenue alone driving the improvement. From FY2023 to FY2025, revenue fell from
Liquidity strengthened through financing and lower obligations, not operating cash generation. FY2025 ended with a 3.5x current ratio and 0.1x debt-to-equity ratio, while financing cash flow was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of The Glimpse Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
The Glimpse Group, Inc. held $6.8M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $274K of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and The Glimpse Group, Inc. scores 99/100 among other emerging companies.
The Glimpse Group, Inc. had 21M shares outstanding at the end of fiscal year 2025, against 18M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and The Glimpse Group, Inc. scores 36/100 among other emerging companies.
The Glimpse Group, Inc. spent $3.5M on research and development in fiscal year 2025, which was 26.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and The Glimpse Group, Inc. scores 58/100 among other emerging companies.
The Glimpse Group, Inc. reported revenue of $10.5M in fiscal year 2025, against $8.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and The Glimpse Group, Inc. scores 28/100 among other emerging companies.
The Glimpse Group, Inc.'s operations used $274K of cash in fiscal year 2025, against $5.2M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and The Glimpse Group, Inc. scores 87/100 among other emerging companies.
The Glimpse Group, Inc.'s cash, cash equivalents and investments came to $6.8M at the end of fiscal year 2025, against $2.3M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and The Glimpse Group, Inc. scores 82/100 among other emerging companies.
The Glimpse Group, Inc. scores -0.65, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($14.3M) relative to total liabilities ($2.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
The Glimpse Group, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
The Glimpse Group, Inc. reported a net loss of $2.6M while operations used $274K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
The Glimpse Group, Inc. generated $657K in revenue in Q3 2026. This represents a decrease of 53.8% from the same quarter a year earlier. Against the prior quarter it is down 49.4%.
The Glimpse Group, Inc. reported -$12.7M in net income in Q3 2026. This represents a decrease of 744.3% from the same quarter a year earlier. Against the prior quarter it is down 934.9%.
The Glimpse Group, Inc. earned -$0.60 per diluted share (EPS) in Q3 2026. This represents a decrease of 757.1% from the same quarter a year earlier. Against the prior quarter it is down 900.0%.
Not reported for Q3 2026.
Cash & Balance Sheet
The Glimpse Group, Inc. recorded an outflow of $1.4M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 896.6% from the same quarter a year earlier. Against the prior quarter it is down 93.4%.
The Glimpse Group, Inc. held $2.2M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Margins & Returns
The Glimpse Group, Inc.'s gross margin was 88.8% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 17.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 28.1 percentage points.
The Glimpse Group, Inc.'s ROE was -468.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 459.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 460.6 percentage points.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
The Glimpse Group, Inc. invested $1.5M in research and development in Q3 2026. This represents an increase of 84.7% from the same quarter a year earlier. Against the prior quarter it is up 71.3%.
The Glimpse Group, Inc. invested $1K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 93.0% from the same quarter a year earlier. Against the prior quarter it is down 86.9%.
Not reported for Q3 2026.
VRAR 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $657K-53.8% | $1.3M-59.0% | $1.4M-42.6% | $3.5M+102.5% | $1.4M-25.0% | $3.2M+52.6% | $2.4M-21.5% | $1.7M-40.6% |
| Cost of Revenue | $73K-81.8% | $510K-55.4% | $391K-24.1% | $1.3M+151.7% | $402K-29.4% | $1.1M+74.5% | $515K-56.4% | $535K-43.8% |
| Gross Profit | $584K-42.7% | $789K-61.0% | $1.0M-47.6% | $2.2M+80.5% | $1.0M-23.1% | $2.0M+42.5% | $1.9M0.0% | $1.2M-39.0% |
| R&D Expenses | $1.5M+84.7% | $894K+35.6% | $973K-13.1% | $885K-29.0% | $830K-27.0% | $660K-52.6% | $1.1M-33.3% | $1.2M-40.7% |
| SG&A Expenses | $626K-46.3% | $844K-0.2% | $979K+4.2% | $686K-25.2% | $1.2M-5.6% | $845K-19.1% | $940K-14.3% | $917K-27.5% |
| Operating Income | -$12.7M-701.8% | -$1.3M-18315.1% | -$1.3M-29.2% | -$130K+96.8% | -$1.6M+1.2% | $7K+100.9% | -$1.0M-506.2% | -$4.0M+79.1% |
| EBITDA | N/A | N/A | -$1.3M-44.8% | N/A | N/A | N/A | -$879K-485.3% | N/A |
| Net Income | -$12.7M-744.3% | -$1.2M-4837.1% | -$1.0M-1.9% | -$62K+98.4% | -$1.5M+2.6% | $26K+103.5% | -$1.0M-749.1% | -$4.0M+79.3% |
| EPS (Basic) | -$0.60-757.1% | -$0.06 | -$0.05+16.7% | N/A | -$0.07+22.2% | $0.00+100.0% | -$0.06-500.0% | N/A |
| EPS (Diluted) | -$0.60-757.1% | -$0.06 | -$0.05+16.7% | N/A | -$0.07+22.2% | $0.00+100.0% | -$0.06-500.0% | N/A |
| Diluted Shares (Avg) | 21M+0.4% | 21M-14.1% | 21M+16.0% | N/A | 21M+22.1% | 25M+47.1% | 18M+23.3% | N/A |
Not reported in any period shown, so not listed: Interest Expense, Income Tax.
VRAR 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8M-81.5% | $16.0M-28.0% | $18.3M+21.0% | $19.3M+23.9% | $20.2M-1.7% | $22.3M+0.8% | $15.2M-37.3% | $15.6M-35.9% |
| Current Assets | $3.5M-60.6% | $4.9M-54.8% | $7.3M+114.2% | $8.2M+132.2% | $9.0M+46.3% | $10.9M+50.8% | $3.4M-61.5% | $3.5M-54.8% |
| Cash & Equivalents | $2.2M-69.5% | $3.3M-60.4% | $5.6M+293.4% | $6.8M+269.7% | $7.1M+64.7% | $8.4M+61.8% | $1.4M-64.0% | $1.8M-67.1% |
| Accounts Receivable | $662K+1.5% | $562K-59.6% | $657K-24.6% | $841K+16.3% | $652K-33.1% | $1.4M+11.7% | $871K-27.5% | $723K-50.3% |
| Goodwill | N/A | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M0.0% | $10.9M-3.4% |
| Total Liabilities | $1.0M-70.2% | $769K-82.3% | $2.2M-48.6% | $2.3M-41.7% | $3.5M-36.2% | $4.3M-40.4% | $4.3M-53.3% | $4.0M-69.2% |
| Current Liabilities | $1.0M-70.4% | $720K-83.2% | $2.2M-46.9% | $2.3M-3.7% | $3.5M-10.1% | $4.3M-29.5% | $4.1M-26.3% | $2.4M-70.1% |
| Non-Current Liabilities | $12K-36.4% | $49K-15.1% | $2K-98.6% | $5K-99.7% | $19K-98.8% | $58K-95.2% | $137K-96.1% | $1.6M-67.7% |
| Total Equity | $2.7M-83.8% | $15.3M-14.9% | $16.2M+48.3% | $16.9M+46.8% | $16.7M+10.9% | $17.9M+21.1% | $10.9M-9.6% | $11.5M+2.8% |
| Retained Earnings | -$80.5M-22.9% | -$67.9M-6.0% | -$66.6M-4.0% | -$65.6M-4.0% | -$65.5M-11.0% | -$64.0M-11.3% | -$64.1M-12.8% | -$63.0M-11.3% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Long-Term Debt.
VRAR 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M-1011.2% | -$739K-530.0% | -$1.3M-203.6% | -$157K+83.0% | -$130K+85.9% | $172K+110.3% | -$425K+74.7% | -$927K+40.8% |
| Depreciation & Amortization | N/A | N/A | $64K-58.8% | N/A | N/A | N/A | $156K-61.0% | N/A |
| Stock-Based Compensation | N/A | $309K+306.2% | $235K-34.4% | N/A | $241K+84.0% | $76K-83.3% | $359K-39.8% | N/A |
| Capital Expenditures | $1K-93.0% | $8K-52.2% | $8K-14.5% | $1K-91.4% | $15K+42.0% | $17K | $9K | $12K |
| Free Cash Flow | -$1.4M-896.6% | -$747K-582.3% | -$1.3M-198.8% | -$158K+83.1% | -$145K+84.5% | $155K | -$435K | -$939K |
| Investing Cash Flow | $199K+113.1% | -$1.5M-8797.4% | -$8K+14.5% | -$1K+99.9% | -$1.5M-14199.6% | -$17K-884.9% | -$9K-34.5% | -$1.5M-74.8% |
| Financing Cash Flow | $54K+712.8% | $28K | $28K | -$67K | -$9K | N/A | N/A | $0 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
VRAR 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.8%+17.1pp | 60.7%-3.2pp | 72.0%-6.8pp | 61.5%-7.5pp | 71.7%+1.8pp | 63.9%-4.5pp | 78.9%+16.9pp | 69.0%+1.8pp |
| Operating Margin | -1932.5% | -97.1%-97.3pp | -95.6%-53.1pp | -3.7% | -111.4% | 0.2%+39.3pp | -42.4%-36.9pp | -233.3% |
| Net Margin | -1929.1% | -94.3%-95.1pp | -73.9%-32.3pp | -1.8% | -105.6% | 0.8%+36.4pp | -41.6%-37.7pp | -231.3% |
| Return on Equity | -468.7%-459.7pp | -8.0%-8.2pp | -6.4%+2.9pp | -0.4%+34.2pp | -9.0%+1.2pp | 0.1%+5.1pp | -9.3%-8.3pp | -34.6%+137.0pp |
| Return on Assets | -337.8%-330.4pp | -7.6%-7.8pp | -5.6%+1.1pp | -0.3%+25.4pp | -7.4%+0.1pp | 0.1%+3.5pp | -6.7%-6.2pp | -25.7%+53.7pp |
| Current Ratio | 3.42+0.8x | 6.82+4.3x | 3.34+2.5x | 3.49+2.0x | 2.57+1.0x | 2.54+1.4x | 0.83-0.8x | 1.45+0.5x |
| Debt-to-Equity | 0.39+0.2x | 0.05-0.2x | 0.14-0.3x | 0.14-0.2x | 0.21-0.2x | 0.24-0.2x | 0.39-0.4x | 0.35-0.8x |
| Asset Turnover | 0.18+0.1x | 0.08-0.1x | 0.08-0.1x | 0.18+0.1x | 0.070.0x | 0.140.0x | 0.160.0x | 0.110.0x |
| FCF Margin | -219.9% | -57.5%-62.4pp | -92.8%-75.0pp | -4.5%+49.8pp | -10.2%+39.1pp | 4.9% | -17.8% | -54.4% |
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| The Glimpse Group, Inc. VRAR | FY2025 | $10.5M | -$2.6M | -24.3% | $14.3M | 65/100 |
| Cloudastructure, Inc. CSAI | FY2025 | $5.1M | -$8.5M | N/A | $2.3M | 49/100 |
| Datavault AI Inc. DVLT | FY2025 | $39.1M | -$79.0M | N/A | $137.0M | 35/100 |
| Intrusion Inc New INTZ | FY2025 | $7.0M | -$9K | -0.1% | $16.2M | 44/100 |
| MultiSensor AI Holdings, Inc. MSAI | FY2025 | $5.6M | -$11.7M | N/A | $10.3M | 38/100 |
Where The Glimpse Group, Inc. Ranks
Frequently Asked Questions
What is The Glimpse Group, Inc.'s annual revenue?
The Glimpse Group, Inc. (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 The Glimpse Group, Inc.'s revenue growing?
The Glimpse Group, Inc. (VRAR) revenue grew by 19.6% year-over-year, from $8.8M to $10.5M in fiscal year 2025.
Is The Glimpse Group, Inc. profitable?
No, The Glimpse Group, Inc. (VRAR) reported a net income of -$2.6M in fiscal year 2025, with a net profit margin of -24.3%.
What is The Glimpse Group, Inc.'s EBITDA?
The Glimpse Group, Inc. (VRAR) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is The Glimpse Group, Inc.'s gross margin?
The Glimpse Group, Inc. (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 The Glimpse Group, Inc.'s operating margin?
The Glimpse Group, Inc. (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 The Glimpse Group, Inc.'s net profit margin?
The Glimpse Group, Inc. (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 The Glimpse Group, Inc.'s return on equity (ROE)?
The Glimpse Group, Inc. (VRAR) has a return on equity of -15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is The Glimpse Group, Inc.'s free cash flow?
The Glimpse Group, Inc. (VRAR) recorded an outflow of $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 The Glimpse Group, Inc.'s operating cash flow?
The Glimpse Group, Inc. (VRAR) recorded an outflow of $274K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are The Glimpse Group, Inc.'s total assets?
The Glimpse Group, Inc. (VRAR) had $19.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are The Glimpse Group, Inc.'s capital expenditures?
The Glimpse Group, Inc. (VRAR) invested $43K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does The Glimpse Group, Inc. spend on research and development?
The Glimpse Group, Inc. (VRAR) invested $3.5M in research and development during fiscal year 2025.
What is The Glimpse Group, Inc.'s current ratio?
The Glimpse Group, Inc. (VRAR) had a current ratio of 3.49 as of fiscal year 2025, which is generally considered healthy.
What is The Glimpse Group, Inc.'s debt-to-equity ratio?
The Glimpse Group, Inc. (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 The Glimpse Group, Inc.'s return on assets (ROA)?
The Glimpse Group, Inc. (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 The Glimpse Group, Inc.'s Altman Z-Score?
The Glimpse Group, Inc. (VRAR) has an Altman Z-Score of -0.65, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is The Glimpse Group, Inc.'s Piotroski F-Score?
The Glimpse Group, Inc. (VRAR) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are The Glimpse Group, Inc.'s earnings high quality?
The Glimpse Group, Inc. (VRAR) reported a net loss of $2.6M while operations used $274K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 The Glimpse Group, Inc.?
The Glimpse Group, Inc. (VRAR) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.