The Glimpse Group Inc. reports Q1 revenue of $1.40 million, down 43% year-over-year

Reuters11-14

The <a href="https://laohu8.com/S/VRAR">Glimpse Group Inc</a>. reports Q1 revenue of $1.40 million, down 43% year-over-year

The Glimpse Group Inc. reported Q1 fiscal year 2026 revenue of approximately $1.4 million, a 43% decrease compared to $2.4 million in Q1 fiscal year 2025. The decline was attributed to the timing of Department of Defense contracts, U.S. Government budget delays, and the divestiture of non-core entities. Gross margin for Q1 FY '26 was about 72%, up from 68% in FY '25. Adjusted EBITDA loss for Q1 FY '26 was $0.9 million, compared to a $0.5 million loss in Q1 FY '25. As of September 30, 2025, the company had $5.6 million in cash and equivalents and $0.7 million in accounts receivable, with no debt or contingent liabilities. During the period, the company initiated the IPO/spin-off process for Brightline Interactive and made its first delivery on a multi-million dollar Department of Defense SpatialCore contract.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Glimpse Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-022278), on November 13, 2025, and is solely responsible for the information contained therein.

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