<div><div></div><div>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 <ul><li>Revenue: $0 (decline from $105 in 2024 due to no tournaments in 2025)</li><li>Operating Income: $(7.72) million (Operating expenses of $7,718,905 in 2025 vs. $1,491,310 in 2024; increase driven by SG&amp;A, legal, and stock-based compensation)</li><li>Net Income: $(15.89) million (net loss for year ended Dec 31, 2025 vs. $(3.29) million in 2024); accumulated deficit $30.54 million</li><li>Net Income Per Share: Not reported in the provided sections</li><li>Cash: $222,572 as of Dec 31, 2025; operating cash outflow of $(6.63) million and financing net proceeds of $22.96 million</li></ul> Business Highlights <ul><li>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.</li><li>Partnerships &amp; 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.</li><li>Product &amp; Technology Roadmap: Post-IPO execution prioritizes building a data-insights SaaS product (beta targeted for Q3 2026) and advancing platform modules toward beta releases.</li><li>Brand &amp; 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.</li><li>Operational Readiness: Completed IPO and expanded public-company governance; addressing internal control weaknesses and scaling the finance function to meet public reporting obligations.</li></ul>Original SEC Filing: Brag House Holdings, Inc. [ TBH ] - 10-K - Mar. 30, 2026<section>Disclaimer<div>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.</div></section></div></div>

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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.

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