The Glimpse Group Inc reported QQ2 2025 revenue of $3.17 million, up 80.38% year over year and 29.96% quarter over quarter, driven by continued demand in immersive technology solutions. Gross margin stood at 63.9%, a meaningful improvement that helped convert a modest operating profit into a positive EBITDA of $56,720 and a net income of $25,872 for the quarter. Despite top-line momentum, the company maintains only a modest absolute profitability with an operating income of $6,927 and EPS of $0.0014 (basic). Cash flow generation remained healthy, with cash from operations of $171,892 and free cash flow of $154,942, supported by a cash balance of approximately $8.45 million and a net cash position (net debt) of about -$8.24 million. The balance sheet signals solid liquidity and manageable leverage for a specialized software player in the AR/VR ecosystem. The company’s strategic positioning centers on expanding its Immersive Technology offerings through software and related services, with upside potential from enterprise adoption and higher-margin project work as customers scale. However, the absence of formal forward guidance in the provided data adds a layer of uncertainty around near-term execution and longer-cycle revenue visibility.