CASTNasdaqServices-Computer Processing & Data PreparationUS GAAP · USD

FreeCast, Inc.

FreeCast, Inc. is a U.S.-based streaming media and digital advertising company built around its FreeCast.com platform, SmartGuide, and related subscription and ad-supported services. The company also provides FAST channel buildout, platform distribution, ad exchange services, and selected product, licensing, and referral-fee offerings.

Liikevaihto0,7milj. USD
+13,2 %v/v
Liikevoitto (EBIT)−12,7milj. USD
+7,8 %v/v
EBIT-marginaali−1 783,5%
+406,4 %-yks.v/v
Nettotulos−13,0milj. USD
+7,3 %v/v
Vapaa kassavirta−10,1milj. USD
+18,7 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2025–2026

−15−10−505milj. USD2025: 0,63 milj. USD2025: EBIT −14 milj. USD20252026: 0,71 milj. USD2026: EBIT −13 milj. USD20260,71−13
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Subscription services45 %

Monthly and annual consumer subscriptions such as Value Channels and premium content access.

FAST services25 %

Buildout, assembly, distribution, and platform fees for free ad-supported TV channels.

Advertising and ad exchange20 %

Ad inventory monetization, auction-based ad exchange transactions, and related platform revenue.

Product sales5 %

Physical product sales, including FreeCast Home and related fulfillment activity.

Licensing and referral fees5 %

Licensing arrangements, affiliate commissions, and referral-fee revenue from third parties.

Asiakkaat

FreeCast sells to end consumers who subscribe to content packages, register for its free streaming guide, or purchase premium viewing access. It also serves business customers such as publishers, distributors, device and platform partners, hospitality providers, broadband carriers, and other channel operators that use its FAST buildout and distribution capabilities. Advertising buyers and demand partners use the ad platform to access inventory and transact through the exchange.

Consumer subscribers

Households buying monthly or annual streaming subscriptions, Value Channels, or premium content access.

Free users / registered viewers

Consumers using FreeCast.com and SmartGuide for free registration, content discovery, and ad-supported viewing.

FAST channel customers

Channel owners and content operators buying buildout, assembly, distribution, and platform hosting services.

Advertising and demand partners

DSPs, publishers, and ad buyers using the ad exchange and platform to buy and sell inventory.

Licensing and referral partners

Third parties that monetize FreeCast registrations, promotions, or premium event access arrangements.

Strategia

FreeCast is focused on a B2B2C distribution model that uses enterprise partners to reach users at scale while reducing direct retail marketing dependence. The company is also building a broader monetization stack across subscriptions, ad-supported viewing, FAST services, and ad exchange transactions, which supports multiple revenue paths from the same user base. Its strategy depends on expanding platform distribution, growing registered users, and converting traffic into recurring and advertising revenue.

B2B2C partner distributionKeskipitkä aikaväli

Enterprise partners can deliver large user cohorts and lower direct acquisition costs.

Free registration and user conversionLyhyt aikaväli

FreeCast.com and SmartGuide create a funnel for upgrades into paid and ad-supported offerings.

FAST and ad monetizationKeskipitkä aikaväli

FAST buildout, platform fees, and ad exchange activity broaden revenue sources beyond subscriptions.

Maantiede

FreeCast is headquartered in the United States and its business is primarily organized around U.S. consumers, advertisers, and distribution partners. The reported materials do not provide a meaningful country-by-country revenue split, so the company should be viewed as U.S.-centric with platform access that can extend through connected TVs, streaming devices, PCs, and mobile apps. Its operating exposure is tied more to digital distribution channels than to a fixed manufacturing footprint.

Riskit

FreeCast faces substantial financing and going-concern risk because it has reported recurring operating losses and depends on external capital to fund operations. Its business model also depends on user growth, partner adoption, and advertising monetization, which can be volatile in a competitive streaming and digital ad market. Revenue recognition across subscriptions, platform services, product sales, and agency-style ad transactions adds complexity and increases the risk of timing or classification differences.

Järjestetty vakavuuden mukaan
Liquidity and going-concern riskKriittinen

The company disclosed a cash balance and working capital deficit that require additional equity financing to meet obligations.

Kohdistuu: Operations and near-term solvency

Customer acquisition and conversion riskKorkea

The model depends on turning free registrations and partner-distributed users into paid or ad-monetized activity.

Kohdistuu: Subscription and ad revenue

Advertising market volatilityKeskitaso

Ad exchange and ad-supported revenue depend on auction demand, publisher supply, and advertiser budgets.

Kohdistuu: Ad platform and FAST monetization

Revenue mix and partner dependenceKeskitaso

FAST buildout, licensing, and distribution arrangements rely on third-party relationships and negotiated terms.

Kohdistuu: B2B2C channels and FAST services

Kirjanpito

Harkinnanvaraiset erät
Subscription revenue recognition

Multi-month and annual subscriptions are deferred and recognized over time, affecting timing of reported revenue.

Vaikutus: Deferred revenue and quarterly revenue comparability

Gross versus net presentation in ad exchange activity

The company states it acts as an agent in some transactions, which changes reported revenue and balance-sheet balances.

Vaikutus: Revenue scale and working-capital presentation

Deferred revenue

Prepaid subscriptions and advance advertising fees are recognized only when performance obligations are satisfied.

Vaikutus: Revenue timing and liability balances

Stock-based compensation and warrant modifications

Equity awards and modified warrants can create non-cash expense and valuation judgments.

Vaikutus: Operating expenses and equity accounts

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 16.6.2026