Executive Summary
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.
Key Performance Indicators
QoQ: 100.67% | YoY:100.39%
QoQ: 100.00% | YoY:101.81%
QoQ: 100.00% | YoY:101.68%
Key Insights
Revenue: $3.17m (YoY +80.38%, QoQ +29.96%); Gross Profit: $2.0249m (GM 63.90%, YoY +111.07%, QoQ +5.30%); Operating Income: $6,927 (OPM 0.22%, YoY +100.39%, QoQ +100.67%); Net Income: $25,872 (Net Margin 0.82%, YoY +101.81%, QoQ +100.00%); EPS: $0.0014 (Basic), $0.0011 (Diluted) (YoY +101.68%, QoQ +100.00%); EBITDA: $56,720 (EBITDA Margin ~1.79%); Free Cash Flow: $154,942 (FCF Margin ~4.89%); Cash & Equivalents: $8.445m; Net Cash Position: approximately -$8.24m; Current Ratio: 2.54; Quick Ra...
Financial Highlights
Revenue: $3.17m (YoY +80.38%, QoQ +29.96%); Gross Profit: $2.0249m (GM 63.90%, YoY +111.07%, QoQ +5.30%); Operating Income: $6,927 (OPM 0.22%, YoY +100.39%, QoQ +100.67%); Net Income: $25,872 (Net Margin 0.82%, YoY +101.81%, QoQ +100.00%); EPS: $0.0014 (Basic), $0.0011 (Diluted) (YoY +101.68%, QoQ +100.00%); EBITDA: $56,720 (EBITDA Margin ~1.79%); Free Cash Flow: $154,942 (FCF Margin ~4.89%); Cash & Equivalents: $8.445m; Net Cash Position: approximately -$8.24m; Current Ratio: 2.54; Quick Ratio: 2.54; DSO: 49.40 days; CPP: Payables 21.39 days; Asset Turnover: 0.142; Fixed Asset Turnover: 12.14; Revenue per Share and Valuation Ratios indicate a small-cap software with high price-to-sales and price-to-book attributes that require scale to justify multiples.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
3.17M |
80.38% |
29.96% |
| Gross Profit |
2.02M |
111.07% |
5.30% |
| Operating Income |
6.93K |
100.39% |
100.67% |
| Net Income |
25.87K |
101.81% |
100.00% |
| EPS |
0.00 |
101.68% |
100.00% |
Key Financial Ratios
operatingProfitMargin
1.11%
operatingCashFlowPerShare
$0.01
freeCashFlowPerShare
$0.01
priceEarningsRatio
543.69
Management Commentary
Notes on transcript availability: A detailed earnings call transcript is not provided in the data set. As a result, there are no management quotes or theme-based highlights available from the QQ2 2025 call to cite. Any evaluation of management strategy, near-term guidance, or qualitative outlook relies on the quarterly figures and publicly released materials rather than formal call transcripts.
Forward Guidance
No formal forward guidance is available in the provided data for QQ2 2025. Management commentary from the call (where available externally) would typically address revenue visibility, customer pipeline, product development cadence, and potential operating leverage. In the absence of explicit targets, investors should monitor: (1) trajectory of ARR-like recurring revenue and project-based work mix, (2) progression of gross margin as the company scales and potentially benefits from automation and efficiencies, (3) cash burn versus cash generation as operating leverage improves, and (4) any qualitative updates on strategic partnerships or geographic expansion. Given the current quarterly growth and healthy liquidity, a cautious view supports upside if the company can translate pipeline into sustained revenue growth and margin expansion.