Glimpse Group Inc (The) Financials
Glimpse Group Inc (The) (VRAR) reported $10.5M in revenue for fiscal year 2025, up 19.6% from the prior fiscal year. 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).
The business is shifting from cash-funded experimentation toward a leaner model where losses and burn contract together.
Between FY2023 and FY2025, operating cash flow improved from-$9.2M to-$274K , a much faster change than revenue alone would explain. Because gross margin stayed broadly stable and R&D spending fell to$3.5M , the improvement looks driven mainly by spending restraint rather than a sudden change in unit economics.
FY2025 looks liquid on the surface: cash of
With gross margin at
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 Glimpse Group Inc (The)'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.
Glimpse Group Inc (The) 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.
Glimpse Group Inc (The) 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.
Glimpse Group Inc (The) 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
Glimpse Group Inc (The) generated $10.5M in revenue in fiscal year 2025. This represents an increase of 19.6% from the prior year.
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.
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.
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 & Balance Sheet
Glimpse Group Inc (The) recorded an outflow of $316K in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 94.0% from the prior year.
Glimpse Group Inc (The) held $6.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Glimpse Group Inc (The)'s ROE was -15.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 40.4 percentage points from the prior year.
Capital Allocation
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.
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.
Not reported for fiscal year 2025.
VRAR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.9M | $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 | $2.3M | $3.4M+15.9% | $2.9M-31.0% | $4.3M+243.7% | $1.2M-15.1% | $1.5M+28.5% | $1.1M |
| Gross Profit | $4.5M | $7.1M+21.4% | $5.9M-36.4% | $9.2M+52.9% | $6.0M+207.4% | $2.0M+142.6% | $808K |
| R&D Expenses | $4.3M | $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 | $3.1M | $3.6M-15.3% | $4.3M-14.8% | $5.0M+13.2% | $4.5M+101.3% | $2.2M+20.5% | $1.8M |
| Operating Income | -$15.4M | -$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 | N/A | $181K+121.8% | $81K |
| Income Tax | N/A | N/A | $0 | $0 | $0 | $0 | N/A |
| Net Income | -$15.0M | -$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 |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VRAR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
| 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 |
Not reported in any period shown, so not listed: Inventory, 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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.6M | -$274K+94.7% | -$5.2M+43.1% | -$9.2M-85.4% | -$4.9M-308.5% | -$1.2M+40.2% | -$2.0M |
| Capital Expenditures | $18K | $43K+34.7% | $32K | N/A | $202K+621.3% | $28K-14.3% | $33K |
| Free Cash Flow | -$3.6M | -$316K+94.0% | -$5.2M | N/A | -$5.1M-315.5% | -$1.2M+39.8% | -$2.1M |
| Investing Cash Flow | -$1.3M | -$1.5M-0.9% | -$1.5M+56.7% | -$3.5M+30.1% | -$5.1M-17959.5% | -$28K+14.3% | -$33K |
| Financing Cash Flow | $43K | $6.8M+129.1% | $3.0M+4390.2% | $66K-99.8% | $26.5M+1240.7% | $2.0M+4.6% | $1.9M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VRAR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| 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% | -213.6% | -87.3% | -173.9% | -252.9% |
| Net Margin | -24.3%+48.4pp | -72.6% | -211.9% | -82.1% | -178.0% | -256.7% |
| Return on Equity | -15.1%+40.4pp | -55.4%+199.1pp | -254.5%-233.8pp | -20.7% | 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+2.0x | 1.45+0.5x | 0.96-3.3x | 4.31+2.9x | 1.36-2.1x | 3.43 |
| Debt-to-Equity | 0.14-0.2x | 0.35-0.8x | 1.16+0.8x | 0.33 | N/A | N/A |
| FCF Margin | -3.0%+56.5pp | -59.5% | N/A | -70.8%-34.6pp | -36.2% | -105.7% |
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.
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Where Glimpse Group Inc (The) Ranks
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 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 return on equity (ROE)?
Glimpse Group Inc (The) (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 Glimpse Group Inc (The)'s free cash flow?
Glimpse Group Inc (The) (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 Glimpse Group Inc (The)'s operating cash flow?
Glimpse Group Inc (The) (VRAR) recorded an outflow of $274K in operating cash flow during fiscal year 2025, representing cash used by 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.
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 Altman Z-Score?
Glimpse Group Inc (The) (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 Glimpse Group Inc (The)'s Piotroski F-Score?
Glimpse Group Inc (The) (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 Glimpse Group Inc (The)'s earnings high quality?
Glimpse Group Inc (The) (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 Glimpse Group Inc (The)?
Glimpse Group Inc (The) (VRAR) scores 67 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.