GlobalTech Corp (GLTK) Form 10-Q — Aug 13, 2026
GlobalTech Corporation filed its Q2 2026 10-Q reporting quarterly revenue of $11,115,971, nearly double the $5,628,068 a year earlier, and a quarterly net income of $534,403 versus a $1,121,670 net loss in Q2 2025. The improvement was driven largely by 123 Investments Limited, the UK footwear business in which GlobalTech acquired a 51% controlling stake on December 15, 2025 for total consideration of up to $11.7 million. For the six months ended June 30, 2026, revenue rose to $21,540,981 from $9,969,788, but the net loss widened to $3,494,922 from $2,246,875, with a basic and diluted loss per share of $0.013.
Key figures
- Revenue
- 21540981
- Debt Amount
- 1625000
- Revenue Yoy
- approximately 116% increase (six months: $21,540,981 vs $9,969,788)
- Cash Position
- 796306
- Maturity Date
- September 2, 2027
- Shares Outstanding
- 152136091
- Goodwill
- 4826375
- Q2 2026 eps
- 0.001
- Q2 2025 revenue
- 5628068
- Q2 2026 revenue
- 11115971
- Restricted cash
- 2820812
- Q2 2026 net income
- 534403
- Wtl vie total assets
- 48944035
- Six month 2025 revenue
- 9969788
- Convertible notes terms
- non-interest bearing; 5% default rate; convert at 85% of IPO price
- Acquired brand fair value
- 23000000
- Wtl vie total liabilities
- 57227754
- Total cash incl restricted
- 3617118
- Footwear subsidiary h1 loss
- 0.58 million (123 Investments Limited)
- Acquisition max consideration
- 11700000
- Non controlling interest equity
- 57430976
AI analysis
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