---
title: "Brag House 2025 10-K: Revenue $0, Net loss $15.89M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281167394.md"
description: "Brag House reported zero revenue for 2025, with a net loss of $15.89 million due to paused live-streaming events and increased operating expenses. Operating loss was approximately $7.72 million, with cash on hand at $222,572. The company is focusing on product development and partnerships post-IPO, including a strategic partnership with Learfield for collegiate activations. They aim to launch a data-insights SaaS product by Q3 2026 and enhance brand engagement initiatives targeting Gen Z."
datetime: "2026-03-31T10:15:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281167394.md)
  - [en](https://longbridge.com/en/news/281167394.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281167394.md)
---

# Brag House 2025 10-K: Revenue $0, Net loss $15.89M

Brag House reported zero revenue for the year ended December 31, 2025, as live-streaming events and tournaments were paused, and recorded a net loss of $15.89 million driven by increased operating expenses and one-time public-company costs. Operating loss was approximately $7.72 million and cash on hand at year-end totaled $222,572, while financing activities provided net proceeds of $22.96 million. The company continues to invest in product development and commercial partnerships as it scales post-IPO.

**Financial Highlights**

-   **Revenue:** $0 (decline from $105 in 2024 due to no tournaments in 2025)
-   **Operating Income:** $(7.72) million (Operating expenses of $7,718,905 in 2025 vs. $1,491,310 in 2024; increase driven by SG&A, legal, and stock-based compensation)
-   **Net Income:** $(15.89) million (net loss for year ended Dec 31, 2025 vs. $(3.29) million in 2024); accumulated deficit $30.54 million
-   **Net Income Per Share:** Not reported in the provided sections
-   **Cash:** $222,572 as of Dec 31, 2025; operating cash outflow of $(6.63) million and financing net proceeds of $22.96 million

**Business Highlights**

-   **Revenue Trend:** Live-streaming and events were substantially paused in 2025, resulting in negligible revenue and signaling a near-term focus on runway and product development rather than event-driven sales.
-   **Partnerships & Campus Activations:** Launched a strategic partnership with Learfield to run collegiate activations, including initiatives at the University of Florida to drive sponsorships and campus engagement.
-   **Product & Technology Roadmap:** Post-IPO execution prioritizes building a data-insights SaaS product (beta targeted for Q3 2026) and advancing platform modules toward beta releases.
-   **Brand & Marketing Initiatives:** Increased activations, investor relations efforts, and engagement features such as Loyalty Tokens and Bragging features intended to boost Gen Z engagement and sponsorship appeal.
-   **Operational Readiness:** Completed IPO and expanded public-company governance; addressing internal control weaknesses and scaling the finance function to meet public reporting obligations.

Original SEC Filing: Brag House Holdings, Inc. \[ TBH \] - 10-K - Mar. 30, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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