Revenue: As of FY2026 Q3, the actual value is USD 657.46 K, missing the estimate of USD 3 M.EPS: As of FY2026 Q3, the actual value is USD -0.6.EBIT: As of FY2026 Q3, the actual value is USD -12.73 M.The Glimpse Group, Inc. operates as a single reportable segment focused on immersive technology software development and commercialization .<h3>Total Revenue</h3><ul><li>For the three months ended March 31, 2026, total revenue was $0.66 million, a 54% decrease from $1.42 million in the prior year period .</li><li>For the nine months ended March 31, 2026, total revenue was $3.36 million, a 52% decrease from $7.03 million in the prior year period .</li></ul><h3>Revenue by Category</h3><ul><li>Software Services Revenue:<ul><li>Three months ended March 31, 2026: $0.44 million, reflecting a 66% decrease from $1.28 million in the prior year period, primarily due to a revenue reversal from a U.S. Department of War (DOW) contract and the wind down of a social media contract .</li><li>Nine months ended March 31, 2026: $2.87 million, a 57% decrease from $6.64 million, attributed to DOW contract timing, U.S. Government budget delays, contract wind-downs, and customer declines .</li></ul></li><li>Software License/Software as a Service Revenue:<ul><li>Three months ended March 31, 2026: $0.21 million, a 50% increase from $0.14 million, due to the timing of a license renewal .</li><li>Nine months ended March 31, 2026: $0.46 million, an 18% increase from $0.39 million, reflecting an increase in certain license contracts .</li></ul></li><li>Royalty Income:<ul><li>Three months ended March 31, 2026: $0.01 million .</li><li>Nine months ended March 31, 2026: $0.03 million, representing a new revenue stream from prior subsidiary divestitures .</li></ul></li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit:<ul><li>Three months ended March 31, 2026: $0.59 million, a 42% decrease from $1.02 million in the prior year period . The gross profit margin was 89% for the three months ended March 31, 2026, compared to 72% for the prior year period, mainly due to the DOW contract revenue reversal .</li><li>Nine months ended March 31, 2026: $2.39 million, a 52% decrease from $4.97 million in the prior year period . The gross profit margin remained at approximately 71% for both nine-month periods .</li></ul></li><li>Total Operating Expenses:<ul><li>Three months ended March 31, 2026: $13.29 million, a 411% increase from $2.60 million in the prior year period .</li><li>Nine months ended March 31, 2026: $17.69 million, a 133% increase from $7.58 million in the prior year period . The increase in both periods primarily reflects a non-cash impairment of Brightline goodwill .</li></ul></li><li>Loss from Operations before Other Income:<ul><li>Three months ended March 31, 2026: - $12.70 million, compared to - $1.58 million in the prior year period .</li><li>Nine months ended March 31, 2026: - $15.30 million, compared to - $2.61 million in the prior year period .</li></ul></li><li>Net Loss:<ul><li>Three months ended March 31, 2026: - $12.68 million, compared to - $1.50 million in the prior year period, primarily due to the 2026 non-cash goodwill impairment .</li><li>Nine months ended March 31, 2026: - $14.94 million, compared to - $2.49 million in the prior year period, driven by the 2026 non-cash goodwill impairment and reduced revenue and gross profit .</li></ul></li><li>Goodwill Impairment:<ul><li>Goodwill impairment expense for the three and nine months ended March 31, 2026, was $10.86 million, representing the full impairment of goodwill attributable to the Brightline reporting unit due to uncertainty in U.S. Government funding for DOW projects . An additional $0.30 million goodwill impairment expense was recognized for the Glimpse Learning reporting unit .</li></ul></li><li>Adjusted EBITDA Loss:<ul><li>Three months ended March 31, 2026: - $1.67 million, compared to - $1.01 million in the prior year period .</li><li>Nine months ended March 31, 2026: - $3.50 million, compared to - $1.22 million in the prior year period, primarily driven by reduced revenue and related gross profit .</li></ul></li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities:<ul><li>Nine months ended March 31, 2026: - $3.47 million, compared to - $0.12 million in the prior year period, primarily due to reduced revenue and related gross profit .</li></ul></li><li>Net Cash Used in Investing Activities:<ul><li>Nine months ended March 31, 2026: - $1.32 million, compared to - $1.54 million in the prior year period . Both periods include contingent consideration payments for the Brightline acquisition, with the 2026 period also reflecting net cash received from the sale of business . The final $1.50 million contingent consideration payment for the Brightline acquisition was made in October 2025 .</li></ul></li><li>Net Cash Provided by Financing Activities:<ul><li>Nine months ended March 31, 2026: $0.11 million, compared to $6.88 million in the prior year period . The 2026 amount represents notes receivable repayments related to the QReal divestiture, while the 2025 amount represents proceeds from securities purchase agreements .</li></ul></li></ul><h3>Unique Metrics</h3><ul><li>Customer Concentration:<ul><li>For the three months ended March 31, 2026, five customers accounted for approximately 79% of total gross revenues .</li><li>For the nine months ended March 31, 2026, two customers accounted for approximately 51% of total gross revenues .</li></ul></li><li>Unfulfilled Performance Obligations:<ul><li>As of March 31, 2026, The Glimpse Group, Inc. had approximately $0.77 million in unfulfilled performance obligations, expected to be realized primarily over the next six months .</li></ul></li><li>Contingent Consideration for Acquisition:<ul><li>As of March 31, 2026, there was no outstanding contingent consideration . As of June 30, 2025, the contingent consideration for Brightline was $1,483,583 .</li></ul></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The Glimpse Group, Inc. has incurred recurring losses, leading to substantial doubt about its ability to continue as a going concern, and is exploring subsidiary spinoffs, mergers, or equity/debt financings to address this . The Company received a Nasdaq notification for not meeting the minimum bid price requirement and is reviewing measures to regain compliance by September 9, 2026 . Strategically, the Company is focusing on providing Immersive technology solutions software and services driven by Spatial Computing, Cloud, and Artificial Intelligence, particularly through its “Spatial Core” product led by Brightline Interactive, Inc. .</li></ul>

Glimpse | 10-Q: FY2026 Q3 Revenue Misses Estimate at USD 657.46 K