CAST FreeCast, Inc.
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.
Actionable Insight
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.
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
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 | ||||
|---|---|---|---|---|---|
|
May 28, 2026
12d ago
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8-K
| $0.8200 $0.7400 | ▼ −9.76% | ▼ −9.71% | $0.6466 (−21.15%) |
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May 7, 2026
4w ago
|
EFFECT
| $1.77 $1.42 | ▲ +19.77% | ▲ +21.28% | $0.6466 (+63.47%) |
|
Apr 17, 2026
7w ago
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S-1
| $3.10 $2.89 | ▲ +6.77% | ▲ +7.69% | $0.6466 (+79.14%) |
|
Apr 15, 2026
7w ago
|
8-K
| $3.96 $2.35 | ▲ +40.66% | ▲ +42.30% | $0.6466 (+83.67%) |
|
Apr 2, 2026
9w ago
|
10-Q/A
| $4.50 $3.96 | ▲ +12.00% | ▲ +15.62% | $0.6466 (+85.63%) |
|
Mar 5, 2026
13w ago
|
8-K
| — | awaiting T+5 | — | — |
|
Mar 4, 2026
13w ago
|
424B4
| — | awaiting T+5 | — | — |
US Market Status
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