Glimpse Group (VRAR) AI Stock Analysis

• Market Cap: $30.76M
• Dividend Yield: N/A
• Average Volume (3M): 255.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: 19.58%
• EPS Growth: 64.40%
• Country: US
• Employees: 45
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.00
• Shares Outstanding: 21,066,006
• 10 Day Avg. Volume: 395,017
• 30 Day Avg. Volume: 255,109
• PEG Ratio: 0.16
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 2.54
• P/FCF Ratio: -84.42
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 3.08
• Enterprise Value/Ebitda: -10.67
• 1Y Price Target: $1.50
• Price Target Upside: 2.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $1.50 ▲(2.74% Upside)

The overall score reflects strong revenue growth and improvements in cash flow, as highlighted in the earnings call. However, persistent profitability challenges, negative valuation metrics, and mixed technical indicators weigh heavily on the score.

Glimpse Group Business Overview & Revenue Model

Company Description

The 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 Money

Glimpse 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 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.

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.

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.

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

• Technical Analysis Sentiment: Negative
• Last Price: 1.46
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRAR, the sentiment is Negative. The current price of 1.46 is below the 20-day moving average (MA) of 1.62, below the 50-day MA of 1.48, and below the 200-day MA of 1.52, indicating a bearish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 34.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VRAR.

Glimpse Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BNAI	49 Neutral	$24.51M	―	-254.58%	―	20.51%	30.55%
VRAR	47 Neutral	$30.76M	―	-17.93%	―	19.58%	64.40%
APCX	46 Neutral	$5.78M	―	-349.71%	―	30.52%	56.70%
AUID	46 Neutral	$34.82M	―	-106.55%	―	295.86%	-2.95%
DTSS	45 Neutral	$16.27M	―	-374.57%	―	198.70%	78.41%
MSAI	41 Neutral	$18.41M	―	-335.10%	―	―	―

Glimpse Group Corporate Events

Glimpse Group Enters Sales Agreement with WestPark Capital

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.

Glimpse Group Reports Q3 2025 Financial Results

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.