0001493152-26-006951
SEC filingThe Glimpse Group, Inc. reported a net loss of $1.2 million for Q2 2026, with total revenue of $1.3 million. The company generated a gross profit of $789,000, representing a gross margin of 60.7%. However, operating expenses of $2.1 million resulted in an operating loss of $1.3 million. The balance sheet shows total assets of $16.0 million, with cash and cash equivalents of $3.3 million and stockholders' equity of $15.3 million. Cash flow from operations was negative $2.0 million, while financing activities provided $56,000. The company's cash position decreased by $3.5 million during the quarter, ending with $6.8 million in cash and equivalents. Key drivers included a $240,000 gain on sale of business and $36,000 in interest income, partially offsetting operating losses.
The Glimpse Group reported Q2 2026 financial results with total revenue of $1.3 million and a net loss of $1.2 million. The company generated gross profit of $789,000 from cost of goods sold of $510,000, resulting in a gross margin of 60.7%. Operating expenses totaled $2.1 million, comprising research and development ($894,000), general and administrative ($844,000), sales and marketing ($304,000), amortization of acquisition intangible assets ($9,000), and a change in fair value of acquisition contingent consideration (-$61,000). This resulted in an operating loss of $1.3 million. Other income included a $240,000 gain on sale of business and $36,000 interest income, reducing the net loss to $1.2 million. Basic and diluted net loss per share were both -$0.
No segment breakdown or geographic mix data was provided in the XBRL financial data or document content. The total revenue figure of $1.3 million represents consolidated company performance without disclosure of revenue drivers by product line, service category, or geographic region. The filing does not contain information about revenue growth drivers, customer concentration, or pricing trends.
The company maintained a strong gross margin of 60.7% during the quarter, with $789,000 gross profit on $1.3 million revenue. However, operating expenses significantly exceeded gross profit, resulting in negative operating margin of -100.0%. The largest operating expense components were research and development ($894,000) and general and administrative ($844,000), which together represented 83% of total operating expenses. Sales and marketing expenses were $304,000. The cost structure shows continued investment in development and administrative functions despite revenue levels.
Cash flow from operating activities was negative $2.0 million, primarily driven by the net loss of $1.2 million, adjusted for non-cash items including $574,000 stock-based compensation and $83,000 amortization and depreciation. Significant adjustments included a $1.4 million net gain on divestiture of subsidiaries and a -$1.5 million reserve on note received in connection with divestiture. Investing activities used $1.5 million for payment of contingent consideration for acquisition and purchase of leasehold improvements. Financing activities provided $56,000. The balance sheet shows total assets of $16.0 million, with goodwill representing $10.9 million (68% of total assets). Current assets totaled $4.9 million, including $3.3 million cash. Total liabilities were $769,000, with stockholders' equity of $15.3 million.
The filing does not contain management guidance, forward-looking statements, or specific strategic priorities for future periods. No risk factors, growth initiatives, or capital allocation plans are disclosed in the provided content. The document focuses exclusively on historical financial results for the quarter ended December 31, 2025, without commentary on future expectations or business outlook.