The Glimpse Group Provides Preliminary Unaudited Q4 Fiscal Year ’25 Results: 100% Organic Revenue Growth ($3.5MM) And Positive EBITDA

Rhea-AI Summary

The Glimpse Group (NASDAQ: VRAR) has released preliminary unaudited Q4 FY'25 results, showcasing remarkable performance with revenue reaching $3.50 million, marking a 100% increase from Q4 FY'24 ($1.73M) and a 150% increase from Q3 FY'25 ($1.42M).

The company achieved positive Adjusted EBITDA in Q4 FY'25, improving from a -$1.1M loss in Q4 FY'24. Glimpse maintains a strong financial position with $6.85 million in cash and a clean capital structure with no debt or preferred equity. The growth was entirely organic, primarily driven by Spatial Core's Department of Defense (DoD) software and services contracts.

Positive

• Revenue grew 100% year-over-year to $3.50 million in Q4 FY'25
• Achieved positive Adjusted EBITDA, improving from -$1.1M loss in Q4 FY'24
• Strong cash position of $6.85 million with no debt or preferred equity
• 150% sequential revenue growth from Q3 FY'25
• Secured significant DoD contracts driving organic growth

Negative

• Final revenue figures subject to review and potential changes
• Complete financial results won't be available until late September 2025

Insights

Financial Analyst

The Glimpse Group shows remarkable financial turnaround with 100% YoY revenue growth and profitability achievement in Q4 FY'25.

The Glimpse Group's preliminary Q4 FY'25 results reveal an impressive financial transformation. Revenue reached $3.50 million, representing 100% year-over-year growth and an even more striking 150% quarter-over-quarter increase. This marks their highest revenue quarter in over two years, indicating a significant breakthrough moment for the company's growth trajectory.

The most compelling aspect of these results is the shift to positive Adjusted EBITDA, a dramatic improvement from the -$1.1 million loss in the comparable quarter last year. This achievement of profitability while maintaining triple-digit growth demonstrates effective cost management alongside revenue expansion – a rare combination in the tech sector.

The company's $6.85 million cash position provides a substantial runway for continued operations and expansion opportunities. Particularly noteworthy is their clean capital structure – no debt, convertible instruments, or preferred equity – which gives them significant financial flexibility without dilution concerns or interest burdens.

The primary revenue driver was Department of Defense contracts through their Spatial Core division, signaling strong positioning in the government sector. Government contracts typically offer stability, recurring revenue potential, and validation of technology that can open doors to additional governmental and enterprise clients. The wholly organic nature of this growth (versus acquisition-driven) demonstrates the inherent strength of their core business model and technology value proposition in the immersive technology space.

NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- The Glimpse Group, Inc. (“Glimpse”) (NASDAQ: VRAR; FSE: 9DR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality (“VR”), Augmented Reality (“AR”) and Spatial Computing software and services, provided preliminary and unaudited financial results for its fourth quarter fiscal year 2025, ended June 30, 2025 (“Q4 FY ’25”).

Preliminary Q4 FY’25 Financial Results

The Company expects total revenues for Q4 FY’25 to be approximately $3.50 million, representing: a) an increase of approximately 100% compared to revenues of $1.73 million in Q4 FY’24, and b) an increase of approximately 150% compared to revenues of $1.42 million in Q3 FY’25.

Adjusted EBITDA for Q4 FY’25 was positive compared to an Adjusted EBITDA loss of approximately -$1.1 million in Q4 FY’24.

The Company’s cash and equivalent position as of June 30, 2025 was approximately $6.85 million. We continue to maintain a clean capital structure with no debt, no convertible debt and no preferred equity.

Final recognized revenue and any other financials are subject to review, may change and will be released with the Company’s audited financial statements and related annual report towards the end of September 2025.

Lyron Bentovim, President & CEO of Glimpse, commented: “Q4 FY’25 revenue was our highest in over two years, entirely organic and primarily driven by Spatial Core’s Department of Defense (DoD) software and services contracts. In parallel, we maintained profitable operations—a continuation of our recent quarters.”

Note about Non-GAAP Financial Measures

A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.

In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest, taxes, depreciation, amortization and stock-based compensation expenses. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides useful information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company’s internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies.

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ: VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “view,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Company Contact:
Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com

FAQ

What were The Glimpse Group's (VRAR) Q4 FY'25 revenue results?

The Glimpse Group reported preliminary Q4 FY'25 revenue of $3.50 million, representing a 100% increase from Q4 FY'24 ($1.73M) and a 150% increase from Q3 FY'25.

Did The Glimpse Group (VRAR) achieve profitability in Q4 FY'25?

Yes, The Glimpse Group achieved positive Adjusted EBITDA in Q4 FY'25, improving from an Adjusted EBITDA loss of approximately -$1.1 million in Q4 FY'24.

What is The Glimpse Group's (VRAR) current cash position?

As of June 30, 2025, The Glimpse Group maintained a cash and equivalent position of $6.85 million, with no debt, no convertible debt, and no preferred equity.

What drove The Glimpse Group's (VRAR) revenue growth in Q4 FY'25?

The revenue growth was entirely organic and primarily driven by Spatial Core's Department of Defense (DoD) software and services contracts.

When will The Glimpse Group (VRAR) release its final Q4 FY'25 results?

The company's final audited financial statements and related annual report will be released towards the end of September 2025.