FreeCast (CAST) investor relations material

Executive summary

• Subscriber base grew to 1,024,592 as of March 31, 2026, up from 934,543 a year prior, driven by a shift to a free registration subscription model supported by advertising revenue.

• Revenue per subscriber (excluding FAST and Ad Revenue) declined year-over-year, reflecting the transition to a free model.

• The company continues to expand its B2B2C distribution and international presence, focusing on partnerships with device manufacturers and service providers.

Financial highlights

• Total revenue for the nine months ended March 31, 2026, was $350,859, down from $413,837 year-over-year.

• Net loss for the nine months ended March 31, 2026, was $10,180,305, compared to $10,869,850 in the prior year.

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

• Operating expenses for the nine months were $10,204,003, a 6% decrease from $10,849,459 in the prior year.

• Cash balance as of March 31, 2026, was $119,302, with a working capital deficit of $7,285,937.

Outlook and guidance

• Management plans to raise additional equity or debt financing to meet obligations over the next 12 months.

• The company expects revenue performance to improve as its proprietary ad platform stabilizes and new commercial relationships mature.

• Expansion into international markets and further monetization of the ad platform and FAST channel network are strategic priorities.