GGRP earnings analysis
What we found in GGRP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Glimpse Group, Inc. faced significant challenges in Q3 2026, reporting a substantial revenue decline as a result of contract terminations and government funding delays, leading to a net loss of approximately $12.68 million, driven mainly by a non-cash goodwill impairment of $10.86 million. Operating expenses surged due to this impairment, while cash reserves tightened, raising concerns about the company's liquidity.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline of 54% YoY
- Total revenue was $0.66 million for Q3 2026, compared to $1.42 million in Q3 2025, a decrease of 54%.
- Gross Profit Margin Improvement
- Gross profit margin improved to 89% in Q3 2026 from 72% in Q3 2025, despite lower revenues.
- Goodwill Impairment of $10.86 million
- The company recorded a goodwill impairment of $10.86 million impacting overall financial health.
- Segment Revenue Variance
- Software License revenue increased by 50% year-on-year to $0.21 million from $0.14 million.
- Cash Decrease of 70%
- Cash and cash equivalents fell to $2.15 million, down from $7.06 million a year prior.
- Significant Operating Loss
- Net loss of $12.68 million for Q3 2026, worsening from a $1.50 million loss in the prior period.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Going Concern Warnings
- Management indicated substantial doubt about the company's ability to continue as a going concern for at least 12 months due to significant recurring losses.
- Customer Revenue Loss
- Termination of a major customer contract resulted in a loss of approximately $0.23 million in Q3 2026 revenue.
- High Customer Concentration Risk
- Five customers accounted for approximately 79% of total gross revenues in Q3 2026, increasing dependency on a limited customer base.
What they reported.
What the company itself reported, taken out of the document.
- Gross margin
- 89%
- Segment
- Software Services
- Segment
- Software License
- Segment
- Royalties
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
What came before.
- 10-Q · February 17, 2026
- The Glimpse Group, Inc.'s quarterly report for Q2 FY2025 reveals significant declines in revenue and net income compared to the same quarter in the previous year. Revenue for the three months ended December 31, 2025 was…
- 10-Q · November 13, 2025
- The Glimpse Group, Inc. reported a significant decline in revenue for the quarter ending September 30, 2025, with total revenue decreasing by 43% year-over-year, primarily due to delays in U.S. Government contracts and…
- 10-K · September 29, 2025
- The Glimpse Group, Inc. reported significant improvements in its operational metrics for the fiscal year ending June 30, 2025, marked by a 20% rise in total revenue to approximately $10.53 million. Despite net losses…
- 10-Q · May 15, 2025
- Glimpse Group, Inc. reported a significant decline in quarterly revenue, falling 25% year-over-year to $1.42 million, while maintaining a net loss of $1.50 million. The company continues to navigate a transformation in…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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