Brag House Holdings, Inc. SEC 10-Q Report

Brag House Holdings, Inc., a Delaware-based corporation specializing in creating a social network for college gamers, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and operational activities, reflecting both the challenges and strategic initiatives undertaken during the period. Financial Highlights Total Revenues: $0.055 million. The company reported minimal revenue from live-streaming services for the three months ended September 30, 2025.Gross Profit (Loss): $(0.409) million. The company experienced a gross loss due to higher cost of sales compared to revenue.Net Income (Loss): $(0.232) million. The company reported a net loss for the nine months ended September 30, 2025, reflecting ongoing operational challenges.Net Income (Loss) per Common Share - Basic: $(0.02). The basic net loss per share indicates the impact of the net loss on shareholders.Net Income (Loss) per Common Share - Diluted: $(0.02). The diluted net loss per share remains the same as basic due to anti-dilutive effects. Business Highlights Corporate History and Structure: Brag House Holdings, Inc. was formed as a Delaware corporation in December 2021, with its principal executive offices located in Montclair, NJ. The company underwent a series of reorganizations, including a UK Reorganization and a U.S. Reorganization, to facilitate an IPO and listing on Nasdaq.Business Model and Operations: Brag House operates as a vertically integrated social network for college gamers, focusing on creating a community for gamers, streamers, and fans. The platform allows college students to compete, support their favorite gamers, and win prizes, targeting non-professional college gamers and their fans.Strategic Partnerships: The company secured a strategic partnership with Learfield Communications, LLC, a major media company with rights to numerous colleges in the U.S. This partnership aims to leverage Learfield's college network for tournament and promotional events, enhancing brand engagement and sponsorship opportunities.Geographical Performance: The company's operations are primarily located in the United States, with all revenues derived from U.S. customers.Future Outlook: Management anticipates continued operating losses as the company executes its development plans through 2025, including pursuing strategic initiatives like the proposed merger with House of Doge, Inc. The company plans to fund operations through equity sales and debt issuance.New Product and Service Launches: The company launched its first activation under the strategic partnership with Learfield in May 2025 at the University of Florida, followed by a second activation in July 2025, focusing on digital tournaments and university-branded content.Operational Challenges and Risks: The company faces substantial doubt about its ability to continue as a going concern due to accumulated deficits and negative cash flows from operations. Management is focused on raising additional funds and implementing its business plan to address these challenges.SEC Filing: Brag House Holdings, Inc. [ TBH ] - 10-Q - Nov. 17, 2025