Glimpse Group, Inc.

Glimpse Group, Inc. is a U.S.-based immersive technology company focused on enterprise software and services for virtual reality, augmented reality, and spatial computing. The company operates a portfolio of related entities and has shifted toward Spatial Core offerings built around cloud, AI, and immersive software solutions.

−21,2 %

67,6 %

−24,2 %

+19,6 %

3.49

3.49

— Glimpse Group, Inc.
%
Software Services94% Immersive technology projects, services tied to software licenses, and consulting retainers.
Software License / SaaS6% Internally developed immersive software sold as licenses or software-as-a-service.

Glimpse sells primarily to enterprise and institutional customers that want immersive technology solutions for...

  • Enterprise and institutional clientsprimary

    Buy immersive software projects, licenses, and support to improve training, engagement, and workflow outcomes.

  • Corporate training and educationsecondary

    Use VR/AR applications for learning, onboarding, and skills development.

  • Healthcare and therapy providerssecondary

    Buy immersive tools for treatment support, patient engagement, and therapy-related use cases.

  • Government and defensesecondary

    Use immersive applications for simulation, training, and mission-related visualization.

  • Branding, media, and events customerssecondary

    Purchase immersive experiences to drive engagement, storytelling, and audience interaction.

The company is headquartered in New York, New York, and its operating entities are located in the United States...

  • •Headquartered in New York, New York
  • •Operating entities are located in the United States
  • •Revenue geography is not separately disclosed in the excerpts
  • •Business exposure is driven by customer concentration, not country mix

Management’s strategy is to build a diversified immersive technology ecosystem around Spatial Core, combining cloud,...

01
Scale Spatial Core offeringsmedium-term

Management views cloud, AI, and spatial computing as the key differentiator and growth driver.

02
Build ecosystem synergiesmedium-term

A centralized structure can improve cross-selling, operational efficiency, and time to market.

03
Broaden customer baseshort-term

Reducing customer concentration lowers revenue volatility and project timing risk.

The company is exposed to high customer concentration, early-stage market adoption risk, and project timing volatility...

high

Customer concentration

A small number of customers account for a large share of revenue, so loss or delay from one customer can materially hit sales and margins.

Scope
Five largest customers were about 76% of FY2025 revenue
Materiality
high
high

Early-stage market adoption

Immersive technology remains a nascent market, so demand may be uneven and harder to forecast.

Scope
VR/AR and spatial computing enterprise adoption
Materiality
high
medium

Project and renewal timing

Revenue depends on project commencements, completions, and license renewals, which can shift between quarters.

Scope
Software services and software license revenue
Materiality
medium
medium

Cybersecurity and data security

The company handles customer information and relies on digital platforms, making breaches potentially costly and reputationally damaging.

Scope
Cloud-based immersive software and service delivery
Materiality
medium
medium

Acquisition integration

The ecosystem model depends on integrating entities successfully; poor integration could prevent expected synergies.

Scope
Existing and future acquisitions
Materiality
medium
Revenue recognition timing
Affects comparability of software services and license revenue
Goodwill impairment
Could create non-cash charges if expected cash flows decline
Intangible asset amortization
Affects operating expenses and reported earnings
Business combination valuation
Can materially affect goodwill and future amortization

Gloo Holdings, Inc.

GLOO · Services-Computer Processing & Data Preparation

Glidelogic Corp.

GDLG · Services-Computer Programming Services

zSpace, Inc.

ZSPC · Services-Prepackaged Software

IMA Tech

IMAA · Services-Prepackaged Software

DarkPulse, Inc.

DPLS · Services-Prepackaged Software

SafeSpace Global Corp

SSGC · Services-Amusement & Recreation Services

: 28/04/2026