Education
About Us
Working with TipRanks
Follow Us
Glimpse Group (VRAR)
NASDAQ:VRAR
Top Page
Glimpse Group
(NASDAQ:VRAR)
Select Model
Select Model
Rating:53Neutral
Price Target:
$2.00
▲(22.70% Upside)
The overall stock score is driven by a positive earnings call outlook and technical indicators suggesting mild bullish momentum. However, financial performance concerns, particularly profitability and cash flow challenges, weigh heavily on the score. The negative P/E ratio further impacts the valuation negatively.
Glimpse Group (VRAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$35.81M
Dividend YieldN/A
Average Volume (3M)238.79K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth19.58%
EPS Growth64.40%
CountryUS
Employees45
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.00
Shares Outstanding21,066,006
10 Day Avg. Volume381,951
30 Day Avg. Volume238,790
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.58
Price to Sales (P/S)2.54
P/FCF Ratio-84.42
Enterprise Value/Market Cap0.61
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit3.08
Enterprise Value/Ebitda-10.67
Forecast
1Y Price Target
$2.00Price Target Upside22.70% Upside
Rating ConsensusHold
Number of Analyst Covering0
Glimpse Group Business Overview & Revenue Model
Company DescriptionThe Glimpse Group, Inc., a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D and AR content; Adept XR Learning, which provides higher education learning and corporate VR training solutions; PostReality, a cloud-based software as a service solution that enables users to create AR presentations; and XR Platform, a cloud-based, scalable and secure backend infrastructure, including proprietary cloud image recognition technology, online storage, creation and management of subscription plans, and invoicing and payments designed for VR/AR companies. The company also provides D6 VR, a VR-based, analysis, presentation, and education software platform; Immersive Health Group, a digital health platform that leverages VR/AR technology to simplify and streamline complex healthcare challenges in scale; Foretell Reality, an enterprise-grade and easy-to-use solution for meeting others in VR; and Early Adopter, which offers immersive VR and AR EdTech solutions for K-12 schools and pediatric hospital programs. In addition, it offers AUGGD that provides AR software and services primarily for the architecture, engineering, and construction industries; Glimpse Turkey for developing and creating web optimized 3D models, primarily for QReal; and custom specialized AR applications, and white label solutions and services. Further, the company provides Pagoni VR that offers VR video broadcasting solutions, which consists of Chimera that enables real-time communications between a presenter, and local and remote attendees in VR to universities, enterprise, entertainment venues, sports venues, and houses of worship. The company was incorporated in 2016 and is headquartered in New York, New York.
How the Company Makes MoneyGlimpse Group generates revenue through multiple streams, primarily by offering VR and AR development services to businesses across different sectors. This includes custom software development, consulting services, and the licensing of proprietary technology. Additionally, the company earns money through the sale of its own VR/AR products and platforms, which can be used for training, marketing, and entertainment purposes. Strategic partnerships with tech companies and content creators also contribute to its revenue by expanding its service offerings and market reach, while subscription models for ongoing support and updates generate a consistent income stream. The company may also explore revenue through in-app purchases or premium features within its applications.
Glimpse Group Earnings Call Summary
Earnings Call Date:Sep 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Nov 17, 2025
Earnings Call Sentiment Positive
The earnings call highlights a strong performance in cash flow and growth in Spatial Core, new contracts, and improved financial outlook, despite a revenue decline and valuation concerns. The positive aspects slightly outweigh the negative trends.Q3-2025 Updates
Positive Updates
Positive Cash Flow Achievement
The company delivered its second consecutive quarter of positive cash flow from operations, a major achievement attributed to reorganization and cost control efforts.
Strong Growth in Spatial Core
Spatial Core is delivering in advanced environments with potential to become an enabling technology in the 3D, big data, and AI cloud space. Brightline Interactive's upcoming $4 million DoD contract is a significant milestone.
New Contracts and Partnerships
Fortell Reality and Sector 5 Digital entered into several new contracts with major companies such as Halliburton, Ecolab, and Walmart. Glimpse Lenses' Snap revenues grew significantly.
Improved Financial Outlook
Q4 fiscal year 2025 revenues are expected to be in the $3.2 million to $3.8 million range and profitable as they deliver the final stage of a large DoD contract.
Improved Gross Margin
Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in the previous year, with future margins expected in the 55% to 75% range.
Negative Updates
Revenue Decline
Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to the previous year, primarily due to revenue recognition timing.
Adjusted EBITDA Loss
Q3 fiscal year 2025 adjusted EBITDA loss of approximately $1 million compared to a loss of $0.9 million in the previous year, driven by lower recognized revenue.
Valuation Disconnect
There is a sharp disconnect between the company's intrinsic value and current public company valuation, leading to potential utilization of a common share buyback plan.
Delayed Government Contracts
The U.S. government's continuing resolution and lack of a federal budget for 2025 delayed the potential awarding of multiple government and DoD opportunities.
Company Guidance
During The Glimpse Group's third-quarter fiscal year 2025 financial results call, significant guidance was provided, highlighting positive trends and future expectations. The company reported a Q3 revenue of approximately $1.4 million, reflecting a 25% decrease from $1.9 million in the same period last year, attributed primarily to revenue recognition timing. Notably, the fiscal year 2025 revenue is projected to be between $10 million and $11 million, marking a 15% to 25% increase despite divestments and consolidations. The gross margin for the quarter was 72%, an improvement from the previous year's 70%, with future expectations in the 55% to 75% range, driven by Spatial Core and software license sales. The company achieved its second consecutive quarter of positive cash flow from operations, with approximately $0.13 million in net operating cash provided, a significant turnaround from the negative $0.92 million last year. Adjusted EBITDA loss for Q3 was about $1 million, with an expectation of positive EBITDA in Q4 due to anticipated higher revenues. The company's cash position stood at approximately $7 million, with no debt, highlighting a strong and clean balance sheet. Potential growth is anticipated through Spatial Core, alongside executing a $4 million DoD contract and securing prospective seven-figure deals. Despite these positive metrics, a disconnect remains between the company’s intrinsic value and its current market valuation, prompting considerations for a $2 million stock buyback.Glimpse Group Financial Statement Overview
Summary
Glimpse Group shows strong revenue growth, but profitability and cash flow challenges persist. The low leverage is a positive sign, yet the negative returns and cash flow issues suggest financial instability. The company needs to improve its profitability and cash flow management to enhance its financial health.Income Statement
The company has shown significant revenue growth, particularly in the latest year, which is a positive indicator. However, the persistent negative net profit margin and EBIT margin highlight ongoing profitability challenges. The gross profit margin remains strong, but the inability to translate this into net profitability is concerning.45
Neutral
Balance Sheet
The balance sheet shows a low debt-to-equity ratio, indicating low leverage, which is a positive aspect. However, the negative return on equity suggests that the company is not generating sufficient returns on its equity base. The equity ratio is relatively stable, but the negative ROE is a significant concern.40
Negative
Cash Flow
The cash flow statement reveals negative operating and free cash flows, which are concerning for sustainability. The free cash flow to net income ratio is above 1, indicating that free cash flow is higher than net income, but the overall negative cash flow growth and coverage ratios highlight liquidity issues.35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.53M | 10.53M | 8.80M | 13.48M | 7.27M | 3.42M |
| Gross Profit | 7.12M | 7.12M | 5.86M | 9.22M | 6.03M | 1.96M |
| EBITDA | -2.06M | -2.04M | -6.58M | -11.68M | -7.48M | -5.88M |
| Net Income | -2.55M | -2.55M | -6.39M | -28.56M | -3.73M | -6.28M |
Balance Sheet | ||||||
| Total Assets | 19.28M | 19.28M | 15.56M | 24.28M | 38.40M | 3.22M |
| Cash, Cash Equivalents and Short-Term Investments | 6.83M | 6.83M | 1.85M | 5.62M | 16.49M | 1.77M |
| Total Debt | 4.70K | 4.70K | 543.51K | 829.40K | 0.00 | 2.05M |
| Total Liabilities | 2.34M | 2.34M | 4.02M | 13.05M | 9.58M | 4.39M |
| Stockholders Equity | 16.94M | 16.94M | 11.54M | 11.22M | 28.82M | -1.17M |
Cash Flow | ||||||
| Free Cash Flow | -316.28K | -316.28K | -5.24M | -9.31M | -5.14M | -1.24M |
| Operating Cash Flow | -273.77K | -273.77K | -5.21M | -9.16M | -4.94M | -1.21M |
| Investing Cash Flow | -1.54M | -1.54M | -1.53M | -3.53M | -5.06M | -28.00K |
| Financing Cash Flow | 6.80M | 6.80M | 2.97M | 66.11K | 26.48M | 1.97M |
Glimpse Group Technical Analysis
Positive
1.63
Price Trends
1.48
Positive
1.48
Positive
1.55
Positive
Market Momentum
0.05
Positive
52.31
Neutral
64.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRAR, the sentiment is Positive. The current price of 1.63 is above the 20-day moving average (MA) of 1.61, above the 50-day MA of 1.48, and above the 200-day MA of 1.55, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 52.31 is Neutral, neither overbought nor oversold. The STOCH value of 64.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VRAR.
Glimpse Group Risk Analysis
Glimpse Group disclosed 33 risk factors in its most recent earnings report. Glimpse Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Glimpse Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $35.81M | ― | -17.93% | ― | 19.58% | 64.40% | |
49 Neutral | $21.67M | ― | -254.58% | ― | 20.51% | 30.55% | |
46 Neutral | $5.77M | ― | -349.71% | ― | 30.52% | 56.70% | |
46 Neutral | $38.45M | ― | -106.55% | ― | 295.86% | -2.95% | |
45 Neutral | $16.64M | ― | -374.57% | ― | 198.70% | 78.41% | |
42 Neutral | $22.13M | ― | -335.10% | ― | ― | ― |
* Technology Sector Average
VRAR
Glimpse Group
1.61
0.90
126.76%
DTSS
Datasea
2.01
-0.23
-10.27%
APCX
AppTech
0.17
-0.38
-69.09%
AUID
Ipsidy
2.64
-3.42
-56.44%
BNAI
Brand Engagement Network
0.58
-0.41
-41.41%
MSAI
Infrared Cameras Holdings
0.65
-1.03
-61.31%
Glimpse Group Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Glimpse Group Enters Sales Agreement with WestPark Capital
Neutral
Jul 11, 2025
On July 11, 2025, The Glimpse Group, Inc. entered into a Sales Agreement with WestPark Capital, Inc. to potentially offer and sell shares of its common stock through the agent, leveraging a shelf registration statement previously declared effective by the SEC. The agreement allows for sales up to $3,081,340 of shares in an ‘at the market offering’ on the Nasdaq Capital Market or other trading markets, though the company is not obligated to sell any shares and no assurance is given regarding sales details. The agreement includes customary representations, warranties, and indemnification provisions.
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Glimpse Group Reports Q3 2025 Financial Results
Neutral
May 15, 2025
On May 15, 2025, The Glimpse Group reported its Q3 FY 2025 financial results, showing a 25% decrease in revenue compared to the previous year, attributed to revenue recognition timing. Despite this, the company achieved a second consecutive quarter of positive cash flow and expects significant revenue growth in Q4 FY 2025 due to a large Department of Defense contract. The company remains well-positioned for future opportunities, with a strong cash position and no debt, and is considering a share buyback plan to address a perceived undervaluation.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.