Glimpse Group, Inc. Q1 FY26 Results

Summary

The Glimpse Group announced its Q1 FY ‘26 financial results, with revenue at approximately $1.40 million, reflecting a 43% decrease compared to the previous year. The decrease is attributed to the timing of Department of War contracts, U.S. Government budget delays, and the divestiture of non-core entities. Gross margin improved to approximately 72% compared to 68% in FY ‘25. Adjusted EBITDA loss increased to -$0.92 million from -$0.46 million in the prior year. The company is currently operating at an Adjusted EBITDA breakeven level at approximately $10MM of annual revenue.

Key Highlights

1. 1

   The Glimpse Group reported Q1 FY ‘26 revenue of approximately $1.40 million, a 43% decrease compared to Q1 FY ‘25 revenue of approximately $2.44 million.

2. 2

   Gross Margin for Q1 FY ‘26 was approximately 72%, compared to approximately 68% for FY ‘25.

3. 3

   Adjusted EBITDA loss for Q1 FY ‘26 was -$0.92 million compared to -$0.46 million loss for Q1 FY ‘25.

4. 4

   The company’s cash and equivalent position as of September 30, 2025 was approximately $5.56 million, with an additional $0.66 million in accounts receivable.

5. 5

   The company maintains a clean capital structure with no debt, no convertible debt, no preferred equity and, as of October 2025, no contingent liabilities.

6. 6

   The company initiated the IPO/Spin-out process of Brightline Interactive in October 2025, expecting a potential IPO in the first half of calendar year 2026.