Every 10-Q that GLOBALTECH CORP (GLTK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GLTK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GLTK filings page.
GlobalTech Corp. restated its financial statements as of December 31, 2025 and June 30, 2026, and for the three and six months ended June 30, 2026, correcting an error in accounting for deferred-tax-asset realizability. The Audit Committee concluded the prior accounting placed undue reliance on subjective projections of future taxable income and did not appropriately weigh objectively verifiable negative evidence; the affected statements should no longer be relied upon. The restatement also covers the 2025 annual statements and first-quarter 2026 statements.
For the six months ended June 30, 2026, revenue was $21,540,981 versus $9,969,788, while net loss was $3,494,922 versus $2,246,875 and operating loss was $7,092,366 versus $1,901,619. For the three months ended June 30, 2026, revenue was $11,115,971 versus $5,628,068; net income was $534,404, compared with a $1,121,670 loss in the prior-year period. The current-period comparison includes 123 Investments Limited, acquired December 15, 2025; the 2025 comparative figures exclude its transactions.
Disclosure controls remained ineffective as of June 30, 2026, with previously disclosed unremediated material weaknesses and a material weakness related to the tax error. The 1-for-3 reverse stock split became effective August 27, 2026, and common-share and per-share information was retrospectively adjusted.
GlobalTech Corp restated its March 31, 2026 quarterly financial statements to correct an error in accounting for the realizability of deferred tax assets as of December 31, 2025. The audit committee concluded prior financial statements for 2025 and the first and second quarters of 2026 should no longer be relied upon; this amendment includes restated 2025 year-end and first-quarter 2026 statements. The company said its prior analysis did not appropriately weigh objectively verifiable negative evidence and placed undue reliance on subjective projections of future taxable income.
First-quarter 2026 revenue was $10,425,009, versus $4,341,720 a year earlier, while net loss was $4,029,326, versus $1,125,204. Net cash used in operating activities was $307,456, compared with $971,833. Disclosure controls remained ineffective as of March 31, 2026, including previously disclosed material weaknesses and a material weakness related to the accounting error.
A 1-for-3 reverse stock split became effective August 27, 2026; each three shares were combined into one, fractional shares rounded up, and common-share and per-share data were retrospectively adjusted.
GlobalTech Corporation is a Nevada holding company with telecom, broadband, technology and retail footwear operations in Pakistan, the UAE and the UK. For the quarter ended June 30, 2026, net revenue was $11,115,971 versus $5,628,068 a year earlier. Despite an operating loss of $3,845,265, higher other income of $5,186,995 led to net income of $534,403, including $215,178 attributable to common shareholders.
For the six months, revenue rose to $21,540,981 from $9,969,788, but the company recorded a net loss of $3,494,922 and a comprehensive loss of $5,936,105. Total assets were $96,703,648 and total liabilities $60,022,087; equity attributable to the parent remained negative at $(20,749,415), offset by non‑controlling interest of $57,430,976. Cash and restricted cash totaled $3,617,118, with operating activities using $1,915,639 and financing activities providing $4,024,886, including $2,784,000 from common stock issuance.
The company consolidates WorldCall Telecom Limited as a variable interest entity, which had assets of $48,944,035 and liabilities of $57,227,754. It also consolidates 123 Investments Limited, a footwear group acquired in December 2025 for up to $11.7 million, recognizing $23,641,442 of identifiable intangibles and $4,826,375 of goodwill, along with $1.92 million of contingent consideration.
GlobalTech Corporation filed an amended quarterly report to correct and expand disclosure about unregistered sales of equity securities for the quarter ended March 31, 2026. The amendment restates the section on unregistered sales and adds updated officer certifications, without changing any other prior disclosures.
The company describes an investor relations agreement with ArcStone Branding Inc. involving cash and support fees plus an equity component, including 150,000 restricted shares in six monthly tranches and up to 750,000 additional shares vesting over 180 days from December 12, 2025. It reports issuing 225,000 shares to ArcStone on March 10, 2026, 20,000 shares to an investor relations firm in January 2026, and 107,000 shares to an advisory firm in February 2026 for services.
These issuances relied on exemptions from registration under Section 4(a)(2), Rule 506 of Regulation D, and/or Regulation S, with recipients taking the shares for investment and subject to transfer restrictions and legends. The company reports no use of proceeds from registered securities and no issuer share repurchases. Common shares outstanding totaled 151,071,091 as of May 15, 2026.
GlobalTech Corporation reports sharply higher net revenue of $10.4 million for the three months ended March 31, 2026, up from $4.3 million a year earlier, but posts a larger net loss of $4.0 million versus $1.1 million.
The loss reflects higher direct and other operating costs, increased depreciation and amortization of $1.9 million, and finance costs of $0.8 million. Cash used in operating activities narrowed to $0.3 million, while investing outflows were $0.6 million and financing activities provided $0.7 million, including $0.7 million from common stock issuance.
Total assets were $100.8 million and total liabilities $64.7 million. The balance sheet is dominated by $45.3 million of intangible assets and $4.8 million of goodwill, largely tied to the $11.7 million acquisition of 51% of 123 Investments Limited, whose footwear operations recorded a seasonal $2.48 million loss in the quarter.
GlobalTech Corporation (GLTK) reported Q3 2025 results. Net revenue for the quarter was $5,540,550, up from $5,017,195 a year ago. The company posted a net loss of $713,086, compared with a loss of $455,818 last year, and recorded basic and diluted loss per share of $0.005. For the nine months, revenue was $15,510,338 and net loss was $2,959,960.
The balance sheet showed total assets of $64,539,307 and total liabilities of $47,751,080, resulting in shareholders’ equity of $16,788,227 as of September 30, 2025. Cash and cash equivalents were $1,069,413, with restricted cash of $2,761,779. Operating cash flow for the nine months was $282,795, and financing inflows of $1,229,665 reflected a $1,400,000 convertible loan, partly offset by repayments.
The company issued 10,000,000 common shares (par $0.0001) adding $9,999,000 to additional paid-in capital; total common shares outstanding were 149,933,391 as of November 7, 2025. Advances for intangible assets rose to $12,463,922, including $10,000,000 for a Sports League Management System via stock consideration. Other comprehensive loss was driven by a foreign currency translation adjustment.