Revenue: As of FY2025, the actual value is USD 0.EPS: As of FY2025, the actual value is USD -1.31.EBIT: As of FY2025, the actual value is USD -6.353 M.<h4>Segment Revenue</h4>Brag House Holdings, Inc.’s revenue was $0 for the year ended December 31, 2025, a decrease from $105 for the year ended December 31, 2024. This decline was primarily due to the company not hosting tournaments or generating live-streaming revenue in 2025.<h4>Operational Metrics</h4><ul><li>Gross Profit (Loss): Brag House Holdings, Inc. reported a gross profit (loss) of $0 for the year ended December 31, 2025, compared to - $359 for the year ended December 31, 2024.</li><li>Total Operating Expenses: Total operating expenses increased significantly to $7,718,905 in 2025 from $1,491,310 in 2024. This increase was mainly attributed to activations, stock-based compensation, investor relations initiatives, and legal and professional expenses related to the Merger.<ul><li>Advertising and Marketing: Increased to $641,919 in 2025 from $172,989 in 2024.</li><li>Legal and Professional Fees: Rose to $2,123,440 in 2025 from $490,528 in 2024.</li><li>Selling, General and Administrative: Increased to $3,327,087 in 2025 from $608,904 in 2024.</li><li>Software Expense: Increased to $639,334 in 2025 from $18,089 in 2024.</li><li>Software Development: Increased to $23,591 in 2025 from $21,034 in 2024.</li><li>Stock-Based Compensation: Increased to $963,534 in 2025 from $179,766 in 2024.</li></ul></li><li>Net Loss: The company incurred a net loss of - $15,890,509 for the year ended December 31, 2025, compared to - $3,288,519 for the year ended December 31, 2024.</li><li>Accumulated Deficit: The accumulated deficit grew to $30,538,211 as of December 31, 2025, from $14,647,702 as of December 31, 2024.</li></ul><h4>Cash Flow</h4><ul><li>Cash Flows Used in Operating Activities: Operating activities used - $6,625,058 in 2025, mainly due to the net loss, partially offset by changes in the fair value of equity securities, warrant liability, and convertible debt. In 2024, operating activities used - $570,037.</li><li>Cash Flows Used in Investing Activities: Investing activities used - $16,144,000 in 2025, primarily for an investment in CleanCore Pre-Funded Warrants ($4,000,000) and a loan and advance to House of Doge ($12,144,000). There were no investing activities in 2024.</li><li>Cash Flows Provided by Financing Activities: Financing activities provided $22,962,402 in 2025, driven by proceeds from the IPO ($6,785,000), PIPE offering ($15,000,000), convertible debt from Yorkville ($3,465,000), and warrant exercises ($1,715,092). In 2024, financing activities provided $565,376.</li><li>Cash and Cash Equivalents: Cash and cash equivalents increased to $222,572 as of December 31, 2025, from $29,228 as of December 31, 2024.</li></ul><h4>Unique Metrics</h4><ul><li>Working Capital: The company moved from a working capital deficit of - $9,675,586 in 2024 to a surplus of $5,321,908 in 2025.</li></ul><h4>Outlook / Guidance</h4>Brag House Holdings, Inc. anticipates continued operating losses and negative cash flows from operations in the near future as it executes its development plans through 2026 and pursues strategic initiatives. The company expects to fund these losses primarily through equity sales and loans. A beta version of a scalable data insights monetization SaaS model is expected by the third quarter of 2026, aiming to provide a recurring revenue stream by offering anonymized behavioral insights to brand clients.

Brag House | 10-K: FY2025 Revenue: USD 0