Glimpse Group Q1 revenue falls 43% YoY; initiates BLI spin-off process

Glimpse Group, Inc.

2026-Q1 EPS reported -$0.05 revenue$10,000

Q1 FY26 revenue of $1.40M, down 43% YoY from $2.44M due to DoW contract timing and divestitures.
Gross margin improved to 72% vs 68% YoY; adjusted EBITDA loss widened to -$0.92M from -$0.46M.
Initiated IPO/spin-off of Brightline Interactive; expects BLI IPO in H1 2026.
First delivery on multi-million DoW SpatialCore contract; Foretell Ai gaining traction in education/healthcare.
Cash $5.56M with no debt; no revenue guidance for remainder of FY26.

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