Monitor for signs of dilution or further related-party financing, as the company's going concern warning and reliance on CEO-affiliated entities for funding suggest high financial risk. The lack of material changes in this amendment reduces immediate trading impact, but the underlying fundamentals remain weak.
Price Chart
Executive Summary
FreeCast, Inc. filed an amended 10-Q to include XBRL exhibits and updated SOX certifications. The amendment did not alter financials or disclosures. The company continues to face substantial doubt about its ability to continue as a going concern, with declining revenue and a large working capital deficit. It relies heavily on related-party financing, including a new $2.4 million convertible note from CEO-affiliated Nextelligence.
Key Facts
- Amendment was filed solely to include XBRL exhibits (101 and 104) and updated SOX 302/906 certifications; no changes to financial statements or disclosures.
- Company reported a net loss of $5.6 million for the six months ended December 31, 2025, with revenue declining 4.5% year-over-year to $257.95 million.
- Cash balance decreased to $433,363, with a working capital deficit of $3.84 million and an accumulated deficit of $200.9 million.
- Substantial doubt about going concern raised due to recurring losses and need for additional financing.
- New $2.43 million convertible note payable to related party Nextelligence, increasing reliance on CEO-affiliated entities for funding.
- Revenue is highly concentrated, with one customer (SportX LLC) representing 96.2% of accounts receivable as of December 31, 2025.
Financial Impact
The company reported a net loss of $5.6 million on revenue of $257.95 million for the six months ended December 31, 2025. Cash decreased by $115,886 to $433,363. A new $2.43 million convertible note was drawn from a related party.
Risk Factors
- Substantial doubt about the company's ability to continue as a going concern.
- High concentration of revenue and receivables with a few related and unrelated parties.
- Heavy reliance on related-party financing, creating potential conflicts of interest and dilution risk.
- Declining revenue and operating losses, with no clear path to profitability.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001213900-26-038786 |
| Document: ea028469401ex31-2.htm | 0001213900-26-038786 |
| Document: ea028469401ex31-1.htm | 0001213900-26-038786 |
| Document: ea028469401ex32-1.htm | 0001213900-26-038786 |
| Document: ea028469401ex32-2.htm | 0001213900-26-038786 |
| Document: 0001213900-26-038786-index-headers.html | 0001213900-26-038786 |
| Document: 0001213900-26-038786-index.html | 0001213900-26-038786 |
| Document: 0001213900-26-038786.txt | 0001213900-26-038786 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 12w ago | 3 | $1.20 $1.51 | ▲ +25.83% | ▲ +20.81% | $1.17 (−2.50%) |
Jul 23, 2026 13w ago | 8-K | $2.08 $1.87 | ▼ −10.10% | ▼ −13.40% | $1.17 (−43.75%) |
Jul 20, 2026 14w ago | S-1/A | $2.55 $0.8598 | ▲ +66.28% | ▲ +70.40% | $1.17 (+54.12%) |
Jul 15, 2026 14w ago | S-1 | $2.52 $0.9950 | ▲ +60.52% | ▲ +64.13% | $1.17 (+53.57%) |
May 28, 2026 21w ago | 8-K | $0.8200 $7.65 | ▲ +832.93% | ▲ +836.07% | $1.17 (+42.68%) |
May 7, 2026 24w ago | EFFECT | $1.77 $0.7400 | ▲ +58.19% | ▲ +61.33% | $1.17 (+33.90%) |
Apr 17, 2026 27w ago | S-1 | $3.10 $1.41 | ▲ +54.52% | ▲ +58.72% | $1.17 (+62.26%) |
Apr 15, 2026 27w ago | 8-K | $3.96 $1.47 | ▲ +62.88% | ▲ +68.92% | $1.17 (+70.45%) |
Apr 1, 2026 29w ago | 10-Q/A | $4.50 $2.09 | ▲ +53.56% | ▲ +63.43% | $1.17 (+74.00%) |
Mar 5, 2026 33w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
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