The balance sheet exhibits extreme reporting anomalies, including a reported $80.5 trillion deficit in retained earnings as of 2026Q3, which warrants significant skepticism regarding the firm's financial stability.
| Total Current Assets | 3.54T | 8.17M | 3.52M | 7.79M | 18.34M | 3.18M | 1.96M | 1.89M |
| Cash & Short-Term Investments | 2.15T | 6.83M | 1.85M | 5.62M | 16.49M | 1.77M | 1.03M | 1.2M |
| Cash Only | 2.15T | 6.83M | 1.85M | 5.62M | 16.25M | 1.77M | 1.03M | 1.2M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 239.31K | 0 | 0 | 0 |
| Accounts Receivable | 662.2B | 1M | 723.03K | 1.45M | 1.33M | 626.24K | 214.67K | 127.87K |
| Days Sales Outstanding | 16.3M | 34.71 | 29.98 | 39.36 | 66.94 | 66.81 | 40.28 | 47.47 |
| Inventory | 0 | 0 | 0 | 0 | 39.48K | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | 11.61 | - | - | - |
| Other Current Assets | 727.46B | 338.78K | 948.96K | 158.55K | 35.47K | 499.65K | 237.75K | 172.2K |
| Total Non-Current Assets | 213.54B | 11.11M | 12.04M | 16.48M | 20.06M | 42.17K | 41.22K | 168.54K |
| Property, Plant & Equipment | 161.16B | 176.99K | 620.13K | 892.28K | 245.97K | 42.17K | 41.22K | 28.79K |
| Fixed Asset Turnover | 0.00x | 59.48x | 14.20x | 15.11x | 29.55x | 81.13x | 47.19x | 34.15x |
| Goodwill | 0 | 10.86M | 10.86M | 11.24M | 13.46M | 0 | 0 | 139.75K |
| Intangible Assets | 0 | 60.72K | 487.87K | 4.28M | 4.06M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 2.25M | 0 | 0 | 0 |
| Other Non-Current Assets | 52.38B | 11.1K | 72.71K | 71.77K | 2.28M | 0 | 0 | 0 |
| Total Assets | 3.75T | 19.28M | 15.56M | 24.28M | 38.4M | 3.22M | 2M | 2.06M |
| Asset Turnover | 0.00x | 0.55x | 0.57x | 0.56x | 0.19x | 1.06x | 0.97x | 0.48x |
| Asset Growth % | 90527926.18% | 23.91% | -35.92% | -36.77% | 1092.07% | 61.27% | -3.16% | - |
| Total Current Liabilities | 1.04T | 2.34M | 2.43M | 8.13M | 4.24M | 2.34M | 570.5K | 521.49K |
| Accounts Payable | 215.39B | 228.37K | 181.67K | 455.78K | 340.14K | 381.51K | 121.51K | 42.32K |
| Days Payables Outstanding | 11.87M | 24.46 | 22.54 | 39 | 100.03 | 95.3 | 39 | 36.35 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 549.4B | 52.58K | 72.79K | 466.39K | 841.39K | 98.42K | 330.36K | 267.93K |
| Other Current Liabilities | 514.1B | 1.48M | 1.47M | 5.12M | 2.89M | 1.42M | 0 | 0 |
| Current Ratio | 3.42x | 3.49x | 1.45x | 0.96x | 4.33x | 1.36x | 3.43x | 3.63x |
| Quick Ratio | 3.42x | 3.49x | 1.45x | 0.96x | 4.32x | 1.36x | 3.43x | 3.63x |
| Cash Conversion Cycle | 4.42M | - | - | - | -21.47 | - | - | - |
| Total Non-Current Liabilities | 12.37B | 4.7K | 1.59M | 4.93M | 5.34M | 2.05M | 1.73M | 67.16K |
| Long-Term Debt | 12.37B | 0 | 0 | 0 | 0 | 2.05M | 1.73M | 67.16K |
| Capital Lease Obligations | 6.61K | 4.7K | 178.82K | 423.45K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 1.41M | 4.5M | 5.34M | 0 | 0 | 0 |
| Total Liabilities | 1.05T | 2.34M | 4.02M | 13.05M | 9.58M | 4.39M | 2.3M | 588.65K |
| Total Debt | 12.37B | 131.75K | 543.51K | 829.4K | 0 | 2.05M | 1.73M | 67.16K |
| Net Debt | -2.14T | -6.7M | -1.3M | -4.79M | -16.25M | 281.85K | 697.57K | -1.14M |
| Debt / Equity | 0.00x | 0.01x | 0.05x | 0.07x | - | - | - | 0.05x |
| Debt / EBITDA | -813.17x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 140597.65x | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | -32.72x | -60.30x | - |
| Total Equity | 2.71T | 16.94M | 11.54M | 11.22M | 28.82M | -1.17M | -305.69K | 1.47M |
| Equity Growth % | 101292406.07% | 46.78% | 2.8% | -61.05% | 2559.24% | -283.32% | -120.74% | - |
| Book Value per Share | 128401.12 | 0.86 | 0.69 | 0.81 | 2.46 | -0.11 | -0.03 | 0.21 |
| Total Shareholders' Equity | 2.71T | 16.94M | 11.54M | 11.22M | 28.82M | -1.17M | -305.69K | 1.47M |
| Common Stock | 21.08B | 21.06K | 18.16K | 14.7K | 12.75K | 7.58K | 7.04K | 6.86K |
| Retained Earnings | -80.53T | -65.59M | -63.04M | -56.64M | -28.08M | -22.12M | -16.02M | -11.03M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent operating cash burn
As reported in recent financial filings, the company's total assets experienced a dramatic shift from $18.3 million in 2026Q1 to $3.8 trillion in 2026Q3, a figure that warrants extreme skepticism and suggests potential accounting anomalies or reporting errors that obscure the firm's true financial trajectory.
The extreme fluctuation in asset values suggests that the balance sheet may not be a reliable indicator of operational health. Investors should monitor whether these figures represent genuine structural changes or if they indicate a breakdown in financial reporting consistency that complicates long-term valuation.
Based on the company's reported figures, the current ratio has fluctuated significantly, reaching 3.42 in 2026Q3, yet this liquidity buffer appears fragile given the persistent operating losses and the company's historical reliance on external financing to sustain its ongoing research and development initiatives.
While the current ratio suggests a theoretical ability to cover short-term obligations, the underlying cash position remains insufficient to support the company's high fixed-cost structure. The lack of consistent cash generation implies that liquidity could evaporate rapidly if access to capital markets becomes restricted.
According to the balance sheet data, retained earnings have plummeted to a deficit of $80.5 trillion as of 2026Q3, reflecting a sustained period of value destruction that underscores the difficulty of achieving profitability within the current subsidiary-heavy business model and high-cost operating environment.
The massive deficit in retained earnings suggests that the company has consistently failed to generate organic returns on invested capital. This trend indicates that shareholders are likely facing ongoing dilution as the firm continues to fund its operations through equity issuance rather than internal cash flow.
Based on the provided financial data, the extreme volatility in reported assets and liabilities, particularly the multi-trillion dollar figures in 2026Q3, suggests that headline balance sheet metrics may be fundamentally distorted and potentially unreliable for assessing the company's actual solvency or long-term financial stability.
The discrepancy between historical million-dollar figures and the recent trillion-dollar reporting warrants immediate investigation by stakeholders. Such anomalies make it nearly impossible to perform a standard fundamental analysis, as the reported numbers appear to deviate significantly from the company's actual operational scale.
Quick answers to the most common questions about buying VRAR stock.
As of 2025, The Glimpse Group, Inc. (VRAR) had total assets of $19.3M including $8.2M in current assets.
The Glimpse Group, Inc. (VRAR) carries total debt of $0.1M, offset by $6.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Glimpse Group, Inc. (VRAR) has total shareholders' equity (book value) of $16.9M ($0.86 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Glimpse Group, Inc. (VRAR) reported a current ratio of 3.49x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.