--- title: "Freecast | 10-Q: FY2026 Q3 Revenue: USD 92.91 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286631895.md" datetime: "2026-05-16T03:52:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286631895.md) - [en](https://longbridge.com/en/news/286631895.md) - [zh-HK](https://longbridge.com/zh-HK/news/286631895.md) --- # Freecast | 10-Q: FY2026 Q3 Revenue: USD 92.91 K Revenue: As of FY2026 Q3, the actual value is USD 92.91 K. EPS: As of FY2026 Q3, the actual value is USD -0.11. EBIT: As of FY2026 Q3, the actual value is USD -4.312 M. FreeCast, Inc. operates as a single operating and reportable segment. #### Revenue - **Total Revenue**: - For the three months ended March 31, 2026, total revenue was $92,909, a decrease from $143,885 in the prior-year period. - For the nine months ended March 31, 2026, total revenue was $350,859, a decrease from $413,837 in the prior-year period. - **Membership Revenue**: - For the three months ended March 31, 2026, membership revenue was $12,430, representing a 61% decrease from $31,817 in 2025, primarily due to a shift to a free registration subscription service. - For the nine months ended March 31, 2026, membership revenue was $50,237, a 54% decrease from $109,008 in 2025. - **FAST Revenue – related parties**: - For the three months ended March 31, 2026, FAST revenue from related parties was $68,063, a 75% increase from $38,921 in 2025. - For the nine months ended March 31, 2026, FAST revenue from related parties was $169,110, a 6% decrease from $180,405 in 2025, mainly due to lower production activity and reduced related-party channel buildout services. - **Ad Revenue**: - For the three months ended March 31, 2026, ad revenue was $11,016, an 85% decrease from $72,565 in 2025, attributed to minimal demand. - For the nine months ended March 31, 2026, ad revenue was $130,052, a 6% increase from $122,697 in 2025, driven by revenue from the “Launch That” contract. - **Other Revenue**: - For the three months ended March 31, 2026, other revenue was $1,400, a 141% increase from $582 in 2025. - For the nine months ended March 31, 2026, other revenue was $1,460, a 15% decrease from $1,727 in 2025. #### Cost of Revenue - For the three months ended March 31, 2026, cost of revenue was $34,416, a 63% decrease from $93,714 in 2025. - For the nine months ended March 31, 2026, cost of revenue was $126,157, a 53% decrease from $269,900 in 2025, primarily due to lower revenue and an inventory write-off in the prior period. #### Gross Profit - For the three months ended March 31, 2026, gross profit was $58,493, an increase from $50,171 in 2025. - For the nine months ended March 31, 2026, gross profit was $224,702, an increase from $143,937 in 2025. #### Operating Expenses - **Total Operating Expenses**: - For the three months ended March 31, 2026, total operating expenses were $4,480,359, a 33% increase from $3,357,458 in 2025. - For the nine months ended March 31, 2026, total operating expenses were $10,204,003, a 6% decrease from $10,849,459 in 2025. - **Compensation and Benefits**: - For the three months ended March 31, 2026, compensation and benefits were $2,278,462, an increase of $962,781 from $1,315,681 in 2025, mainly due to an increase in stock-based compensation. - For the nine months ended March 31, 2026, compensation and benefits were $4,776,221, an increase of $432,498 from $4,343,723 in 2025, primarily due to Maxim Partners’ stock-based compensation. - **Sales and Marketing Expense**: - For the three months ended March 31, 2026, sales and marketing expense was $99,726, a decrease from $161,969 in 2025. - For the nine months ended March 31, 2026, sales and marketing expense was $274,828, a decrease from $378,336 in 2025. - **General and Administrative**: - For the three months ended March 31, 2026, general and administrative expenses were $2,102,171, an increase of $222,363 from $1,879,808 in 2025, due to increased professional fees. - For the nine months ended March 31, 2026, general and administrative expenses were $5,152,954, a decrease of $974,446 from $6,127,400 in 2025, mainly due to decreased website development. #### Loss from Operations - For the three months ended March 31, 2026, loss from operations was - $4,421,866, compared to - $3,307,287 in 2025. - For the nine months ended March 31, 2026, loss from operations was - $9,979,301, compared to - $10,705,522 in 2025. #### Other Income (Expense) - For the three months ended March 31, 2026, other expense was - $112,108, compared to - $73,240 in 2025, primarily due to an increase in interest expense. - For the nine months ended March 31, 2026, other expense was - $201,004, compared to - $164,328 in 2025, primarily due to an increase in interest expense. #### Net Loss - For the three months ended March 31, 2026, net loss was - $4,533,974, compared to - $3,380,527 in 2025. - For the nine months ended March 31, 2026, net loss was - $10,180,305, compared to - $10,869,850 in 2025. #### Cash Flows (Nine Months Ended March 31) - Net cash used in operating activities was - $8,083,926 in 2026, a decrease from - $9,958,164 in 2025. - Net cash used in investing activities was - $16,064 in 2026, a decrease from - $21,622 in 2025. - Net cash provided by financing activities was $7,670,043 in 2026, an increase from $4,863,009 in 2025. - Net change in cash was - $429,947 in 2026, compared to - $5,116,777 in 2025. - Cash at the end of the period was $119,302 in 2026, compared to $101,636 in 2025. #### Working Capital - As of March 31, 2026, FreeCast, Inc. had a working capital deficit of - $7,285,937. #### Subscriber Numbers - Subscriber numbers increased from 934,543 on March 31, 2025, to 1,024,592 on March 31, 2026, primarily due to a shift to a free registration subscription service. #### Outlook and Strategy FreeCast, Inc. faces substantial doubt about its ability to continue as a going concern due to recurring losses and an accumulated deficit. The company plans to raise additional capital through equity and debt financing, and is exploring avenues to increase revenues and expand strategic partnerships. 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