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10-Q2026-05-14· grok-4-1-fast-non-reasoning

CAST · FreeCast, Inc. Class A Common Stock

0001213900-26-056942

SEC filing

Summary

Revenue was $92.9K Gross Profit was $58.5K Operating Income was -$4.4M Net Income was -$4.5M

Key takeaways

Full analysis

Revenue reached $92.9K in Q3 FY2026, generating $58.5K gross profit and a 63.0% margin. This performance stemmed from revenue tied to the 'Launch That' contract within the Ad Agency stream, where demand partners access the FreeCast Ad Platform for real-time bidding on advertising inventory. However, overall revenue declined primarily due to lower production activity and reduced related-party channel buildout services compared to the prior year. Cost of revenue also decreased, aligned with lower revenue and the absence of prior-period inventory write-offs related to shifting away from product sales.

Management's plans center on raising capital via equity and debt sales while pursuing revenue growth avenues. Expansion implementation will drive further costs, though the ability to predict results or strategy impacts remains inherently uncertain. These dynamics highlight reliance on related-party support to fund operations amid persistent losses and cash needs.