Brightline net loss widens to $16.64 million as revenue drops 94% in year ended June 30, 2026
BTLN•Brightline Interactive reported fiscal 2026 revenue of $0.32 million, down 94% year over year, and a net loss of $16.64 million. The company cited a $10.56 million non-cash goodwill impairment and said substantial doubt exists about its ability to continue as a going concern for at least 12 months.
1. Fiscal 2026 results
Brightline Interactive reported revenue of $0.32 million for the year ended June 30, 2026, down 94% year over year, and a net loss of $16.64 million. Management linked the loss to a $10.56 million non-cash goodwill impairment; cash, cash equivalents and restricted cash totaled $3.15 million, and net cash used in operating activities was $3.87 million.
2. Going concern and split
Management said substantial doubt exists about the company’s ability to continue as a going concern for at least 12 months. Brightline executed a 1-for-8 reverse stock split effective September 28, 2026, after receiving a Nasdaq delisting determination.
