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…
Earnings analysis · 10-Q
GGRP earnings analysis
Filed May 14, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Gross margin
- 89%
- Segment
- Software Services
- Segment
- Software License
- Segment
- Royalties
What stood out
-
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%.
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Gross Profit Margin Improvement
Gross profit margin improved to 89% in Q3 2026 from 72% in Q3 2025, despite lower revenues.
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Goodwill Impairment of $10.86 million
The company recorded a goodwill impairment of $10.86 million impacting overall financial health.
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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.
What to watch
-
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.
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High Customer Concentration Risk
Five customers accounted for approximately 79% of total gross revenues in Q3 2026, increasing dependency on a limited customer base.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.