Latest Ratios: P/E Ratio -6.4x · EV/EBITDA N/A · ROE -17.9%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $17M | $27M | $17M | $50M | $47M | — | — | — |
| Enterprise Value | $11M | $20M | $16M | $45M | $30M | — | — | — |
| P/E Ratio → | -6.38 | — | — | — | — | — | — | — |
| P/S Ratio | 1.66 | 2.54 | 1.93 | 3.68 | 6.42 | — | — | — |
| P/B Ratio | 0.96 | 1.58 | 1.47 | 4.42 | 1.62 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.90 | 1.78 | 3.32 | 4.19 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.6% | 67.6% | 66.6% | 68.4% | 82.9% | 57.3% | 41.5% | 56.8% |
| Operating Margin | -26.0% | -26.0% | -75.1% | -213.7% | -87.3% | -173.9% | -252.9% | -567.9% |
| Net Profit Margin | -24.2% | -24.2% | -72.6% | -211.9% | -82.1% | -178.0% | -256.7% | -566.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -17.9% | -17.9% | -56.2% | -142.7% | -43.2% | — | -855.0% | -377.9% |
| ROA | -14.7% | -14.7% | -32.1% | -91.1% | -28.7% | -233.5% | -246.0% | -270.1% |
| ROIC | -20.1% | -20.1% | -59.5% | -227.4% | -81.5% | — | -1011.9% | -1240.8% |
| ROCE | -18.2% | -18.2% | -45.2% | -114.5% | -36.2% | -515.5% | -331.6% | -362.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.05 | 0.07 | — | — | — | 0.05 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.40 | -0.11 | -0.43 | -0.56 | — | — | -0.77 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | -32.72 | -60.30 | — |
Net cash position: cash ($7M) exceeds total debt ($131750)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.49 | 3.49 | 1.45 | 0.96 | 4.33 | 1.36 | 3.43 | 3.63 |
| Quick Ratio | 3.49 | 3.49 | 1.45 | 0.96 | 4.32 | 1.36 | 3.43 | 3.63 |
| Cash Ratio | 2.92 | 2.92 | 0.76 | 0.69 | 3.89 | 0.76 | 1.81 | 2.31 |
| Asset Turnover | — | 0.55 | 0.57 | 0.56 | 0.19 | 1.06 | 0.97 | 0.48 |
| Inventory Turnover | — | — | — | — | 31.43 | — | — | — |
| Days Sales Outstanding | — | 34.71 | 29.98 | 39.36 | 66.94 | 66.81 | 40.28 | 47.47 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $20M | $17M | $14M | $12M | $10M | $10M | $7M |
Persistent operating cash burn
According to current market data, VRAR trades at a P/S multiple of 1.66, which appears to price in the optionality of its diverse subsidiary portfolio rather than current cash flow generation, as evidenced by the negative TTM P/E of -6.38 reported in recent financial statements.
The valuation multiple suggests that investors are assigning value to the company's intellectual property and market footprint rather than its immediate earnings power. Given the lack of positive net income, traditional P/E metrics are ineffective, and the current P/S ratio warrants caution when compared to high-margin SaaS peers that command significantly higher premiums.
As reported in financial statements, VRAR maintained a gross margin of 88.8% in 2026Q3, yet this high level of efficiency is undermined by a -19.3% operating margin, suggesting that corporate overhead and R&D spending continue to outpace the company's ability to scale its core software services.
The disparity between gross and operating margins indicates that while the company can deliver its XR solutions at a reasonable cost, the underlying business model remains burdened by high fixed costs. Investors should monitor whether the company can transition from bespoke project-based work to standardized, scalable software subscriptions to improve its bottom-line performance.
Based on the provided financial data, the company's asset turnover ratio has remained consistently low, hovering near 0.07 to 0.18 over the last several quarters, which reflects significant challenges in converting its extensive subsidiary-based asset base into meaningful revenue generation relative to its peers.
The erratic nature of the cash conversion cycle and the high DSO figures suggest that the company faces difficulties in managing its receivables and working capital across its diverse portfolio. This inefficiency may be a structural byproduct of the project-based revenue model, which often leads to lumpy cash inflows and extended collection periods.
According to recent SEC filings, the current ratio reached 3.42 in 2026Q3, yet this liquidity buffer appears fragile given the persistent operating losses and the extreme volatility in reported balance sheet figures that complicates a clear assessment of the firm's actual solvency under severe stress.
While the current ratio suggests a comfortable cushion, the underlying instability in asset reporting warrants extreme skepticism regarding the company's true liquidity position. Investors should be wary of relying on these headline metrics, as they may not accurately reflect the firm's ability to meet short-term obligations without further dilutive capital raises.
The Price-to-Sales ratio is frequently misapplied to VRAR, as it obscures the high proportion of low-margin professional services revenue that does not scale like pure-play SaaS, potentially leading investors to overvalue the firm compared to its actual software-driven earning potential.
Analysts should instead focus on the ratio of software-based recurring revenue to total revenue to better gauge the company's true scalability. Relying on P/S without adjusting for the service-heavy nature of the business model risks misinterpreting the company's long-term margin expansion potential and its ability to achieve sustainable profitability.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VRAR stock.
The Glimpse Group, Inc.'s current P/E ratio is -6.4x. This places it at the 50th percentile of its historical range.
The Glimpse Group, Inc.'s return on equity (ROE) is -17.9%. The historical average is -127.6%.
Based on historical data, The Glimpse Group, Inc. is trading at a P/E of -6.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Glimpse Group, Inc. has 67.6% gross margin and -26.0% operating margin.