FreeCast (CAST) investor relations material

Executive summary

• Revenue for the nine months ended March 31, 2026, was $350,859, down from $413,837 year-over-year, reflecting a shift to a free registration subscription model and lower subscription revenue.

• Net loss for the nine months was $10,180,305, an improvement from $10,869,850 in the prior year, but the company continues to operate at a significant loss.

• Subscriber count increased to 1,024,592 as of March 31, 2026, up from 934,543 a year earlier.

• The company faces substantial doubt about its ability to continue as a going concern due to recurring losses and a working capital deficit of $7,285,937.

Financial highlights

• Subscription revenue decreased 54% year-over-year for the nine months, while FAST revenue decreased 6% and ad revenue increased 6%.

• Gross profit for the nine months was $224,702, up from $143,937 year-over-year.

• Operating expenses for the nine months decreased 6% to $10,204,003, mainly due to lower general and administrative expenses.

• Cash used in operations for the nine months was $8,083,926, a 19% improvement from the prior year.

• Cash balance as of March 31, 2026, was $119,302.

Outlook and guidance

• Management plans to raise additional capital through equity and debt financing and expand strategic partnerships.

• No assurance is provided that additional financing will be available or sufficient.

• The company expects continued operating losses and negative cash flows in the near term.