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The Glimpse Group, Inc. 10-Q Filings

VRAR NASDAQ

Every 10-Q that The Glimpse Group, Inc. (VRAR) 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 VRAR 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 VRAR filings page.

Rhea-AI Summary

The Glimpse Group, Inc. reported sharply weaker results for the quarter ended March 31, 2026 and raised doubt about its ability to continue as a going concern. Revenue fell to $0.66M from $1.42M, a 54% decline, mainly from U.S. Department of War project funding delays and the wind down of a major social media contract.

Operating expenses surged to $13.29M, driven by a non‑cash goodwill impairment of about $10.86M related to Brightline and Glimpse Learning, leading to a quarterly net loss of $12.68M and nine‑month loss of $14.94M. Cash and cash equivalents dropped to $2.15M from $6.83M at June 30, 2025, while net cash used in operating activities was $3.47M over nine months.

Management concluded substantial doubt exists about funding operations for the next 12 months and is evaluating options such as spin‑offs, mergers, and new financings. The company also received a Nasdaq notice for failing the $1.00 minimum bid price requirement and has until September 9, 2026 to regain compliance. As of May 11, 2026, Glimpse had 21,076,506 common shares outstanding.

Rhea-AI Summary

The Glimpse Group, Inc. reported a sharp revenue decline for the quarter ended December 31, 2025. Revenue fell to $1.30 million from $3.17 million a year earlier, with six‑month revenue down to $2.70 million from $5.61 million, mainly due to timing of U.S. Department of War contracts, government budget delays and runoff of legacy customers.

The company swung to a quarterly net loss of $1.23 million from near break-even income, and its six‑month net loss widened to $2.26 million. Adjusted EBITDA turned to a loss of $0.89 million for the quarter. Cash and cash equivalents were $3.34 million with no debt, and 21,076,506 shares were outstanding as of February 10, 2026. Management highlighted divestitures of non-core businesses, exploration of a potential BLI spin-off, and an expanded at‑the‑market equity program up to $9.48 million, which had not been used.

Rhea-AI Summary

The Glimpse Group (VRAR) filed its Q1 FY2026 10‑Q, reporting total revenue of $1.40 million, down 43% year over year, and a net loss of $1.03 million. Gross profit was $1.01 million with a 72% gross margin versus 79% a year ago. Operating expenses fell 21% to $2.34 million as the company streamlined non-core activities.

Other income included a $0.24 million gain on the Pose With the Pros asset sale and higher interest income. Cash and cash equivalents were $5.56 million with no debt as of September 30, 2025. Customer concentration increased, with three customers accounting for 79% of revenue. Unfulfilled performance obligations were approximately $2.92 million.

Strategically, Glimpse entered a $2+ million SpatialCore contract to be delivered over 12 months, established an ATM facility of up to $3,081,340 with no sales to date, and paid the $1.50 million final contingent consideration for Brightline Interactive in October 2025. The board is exploring a potential spin‑off of Brightline Interactive. Shares outstanding were 21,076,506 as of November 11, 2025.