Glimpse Group (VRAR) Company Report

The Glimpse Group reported Q1 Fiscal Year 2026 revenue of approximately $1.4 million, representing a 43% decrease compared to Q1 FY2025, primarily due to delays in Department of Defense contracts and U.S. government budgetary issues.
The company initiated the IPO spinout process for its Brightline Interactive subsidiary in October 2025, with a potential IPO anticipated in the first half of calendar year 2026.
Gross margin for Q1 FY2026 was approximately 72%, with expectations to remain in the 65%-75% range, while the adjusted EBITDA loss was $0.92 million.
The company will not be providing revenue guidance for the remainder of fiscal year 2026 due to current market dynamics but expects continued growth driven by its Fortel AI software licenses.

Nov 13, 2025, 9:30 PM

Glimpse Group Announces Q1 FY 2026 Financial Results and Initiates Brightline Interactive Spin-Off

VRAR

Earnings

Guidance Update

M&A

The Glimpse Group reported Q1 FY 2026 revenue of approximately $1.40 million for the quarter ended September 30, 2025, reflecting a 43% decrease compared to Q1 FY 2025 revenue of approximately $2.44 million. This decrease was attributed to the timing of Department of War (DoW) contracts, U.S. Government budget delays, and the divestiture of non-core entities.
The company's Adjusted EBITDA loss for Q1 FY 2026 was -$0.92 million, compared to a -$0.46 million loss for Q1 FY 2025.
Gross Margin for Q1 FY 2026 was approximately 72%, an increase from approximately 68% for FY 2025.
As of September 30, 2025, The Glimpse Group held approximately $5.56 million in cash and equivalents.
The Glimpse Group initiated the IPO/Spin-Off process for its subsidiary Brightline Interactive (BLI) in October 2025, with a potential BLI IPO anticipated in the first half of calendar year 2026. Consequently, the company will not be providing revenue guidance for the remainder of the fiscal year.

Nov 13, 2025, 9:01 PM

The Glimpse Group Announces Brightline Interactive Spin-Off and Fiscal Year 2025 Financial Results

VRAR

Earnings

Guidance Update

M&A

The Glimpse Group reported fiscal year 2025 revenue of approximately $10.5 million, representing a 20% increase compared to fiscal year 2024 revenue of approximately $8.8 million. Q4 fiscal year 2025 revenue was approximately $3.5 million, an approximate 105% increase over Q4 fiscal year 2024.
The company achieved annual cash flow neutrality for the first time in its history, with a net operating cash loss of approximately negative $0.27 million for fiscal year 2025, a significant improvement from negative $5.2 million in fiscal year 2024.
The Board of Directors has approved a plan to spin out Brightline Interactive (BLI), its subsidiary focused on spatial computing and AI solutions for the Department of Defense and big data enterprises, into an independent, publicly traded company.
Glimpse shareholders are expected to receive shares in the spun-out BLI public entity as a distribution while maintaining their holdings in Glimpse, with the spin-off anticipated to occur in early 2026 if successful.
As of June 30, 2025, the company's cash and equivalent position was approximately $6.85 million, and it maintains a clean capital structure with no debt.