Brag House (NASDAQ: TBH), a Gen Z engagement platform focused on gaming, college sports, and digital media, has filed its first quarterly report since going public in March 2025. The Q1 2025 report highlights significant financial improvements, including $3.5 million in cash and the elimination of $6.6 million in convertible debt.
The company has transformed its balance sheet from an $8.5 million deficit to a $1.6 million surplus in stockholders’ equity. A strategic partnership with Learfield Communications provides access to over 200 NCAA collegiate properties. Zacks Small-Cap Research initiated coverage with a $4.40 price target, highlighting the company’s potential in the $6.7 billion Gen Z market.
Brag House (NASDAQ: TBH), una piattaforma rivolta alla Generazione Z focalizzata su gaming, sport universitari e media digitali, ha presentato il suo primo rapporto trimestrale da quando è diventata pubblica nel marzo 2025. Il rapporto del primo trimestre 2025 evidenzia importanti miglioramenti finanziari, tra cui 3,5 milioni di dollari in liquidità e l’eliminazione di 6,6 milioni di dollari di debito convertibile.
L’azienda ha trasformato il proprio bilancio da un deficit di 8,5 milioni di dollari a un surplus di 1,6 milioni di dollari nel patrimonio netto degli azionisti. Una partnership strategica con Learfield Communications garantisce l’accesso a oltre 200 proprietà universitarie NCAA. Zacks Small-Cap Research ha avviato la copertura con un target di prezzo di 4,40 dollari, sottolineando il potenziale dell’azienda nel mercato della Generazione Z da 6,7 miliardi di dollari.
Brag House (NASDAQ: TBH), una plataforma de compromiso para la Generación Z centrada en juegos, deportes universitarios y medios digitales, ha presentado su primer informe trimestral desde que salió a bolsa en marzo de 2025. El informe del primer trimestre de 2025 destaca mejoras financieras significativas, incluyendo 3,5 millones de dólares en efectivo y la eliminación de 6,6 millones de dólares en deuda convertible.
La compañía ha transformado su balance de un déficit de 8,5 millones de dólares a un superávit de 1,6 millones de dólares en el patrimonio de los accionistas. Una alianza estratégica con Learfield Communications ofrece acceso a más de 200 propiedades universitarias de la NCAA. Zacks Small-Cap Research inició cobertura con un precio objetivo de 4,40 dólares, destacando el potencial de la empresa en el mercado de la Generación Z de 6,7 mil millones de dólares.
Brag House (NASDAQ: TBH)는 게임, 대학 스포츠 및 디지털 미디어에 중점을 둔 Z세대 참여 플랫폼으로, 2025년 3월 상장 이후 첫 분기 보고서를 제출했습니다. 2025년 1분기 보고서는 350만 달러의 현금과 660만 달러의 전환 사채 상환 등 재무 상태의 큰 개선을 강조합니다.
회사는 주주 자본에서 850만 달러 적자에서 160만 달러 흑자로 재무구조를 전환했습니다. Learfield Communications와의 전략적 파트너십을 통해 200개 이상의 NCAA 대학 자산에 접근할 수 있습니다. Zacks Small-Cap Research는 4.40달러 목표 주가로 커버리지를 시작하며, 67억 달러 규모의 Z세대 시장에서 회사의 잠재력을 강조했습니다.
Brag House (NASDAQ : TBH), une plateforme d’engagement pour la génération Z axée sur le gaming, les sports universitaires et les médias numériques, a déposé son premier rapport trimestriel depuis son introduction en bourse en mars 2025. Le rapport du premier trimestre 2025 met en lumière des améliorations financières significatives, notamment 3,5 millions de dollars en liquidités et l’élimination de 6,6 millions de dollars de dette convertible.
L’entreprise a transformé son bilan, passant d’un déficit de 8,5 millions de dollars à un excédent de 1,6 million de dollars en capitaux propres. Un partenariat stratégique avec Learfield Communications offre un accès à plus de 200 propriétés universitaires NCAA. Zacks Small-Cap Research a initié la couverture avec un objectif de cours de 4,40 dollars, soulignant le potentiel de la société sur le marché de la génération Z de 6,7 milliards de dollars.
Brag House (NASDAQ: TBH), eine auf die Generation Z ausgerichtete Engagement-Plattform mit Fokus auf Gaming, College-Sport und digitale Medien, hat ihren ersten Quartalsbericht seit dem Börsengang im März 2025 veröffentlicht. Der Bericht für das erste Quartal 2025 hebt bedeutende finanzielle Verbesserungen hervor, darunter 3,5 Millionen US-Dollar in bar und die Tilgung von 6,6 Millionen US-Dollar an wandelbaren Schulden.
Das Unternehmen hat seine Bilanz von einem 8,5 Millionen US-Dollar Defizit auf einen Überschuss von 1,6 Millionen US-Dollar im Eigenkapital umgewandelt. Eine strategische Partnerschaft mit Learfield Communications ermöglicht den Zugang zu über 200 NCAA-College-Einrichtungen. Zacks Small-Cap Research hat die Berichterstattung mit einem Kursziel von 4,40 US-Dollar aufgenommen und hebt das Potenzial des Unternehmens im 6,7 Milliarden US-Dollar großen Generation Z Markt hervor.
Positive
Successful IPO strengthened balance sheet with $3.5 million cash position
Elimination of $6.6 million in convertible debt through equity conversion
Strategic partnership with Learfield provides access to 200+ NCAA properties
Zacks initiates coverage with $4.40 target price, representing 6x current value
Transformation from $8.5M deficit to $1.6M surplus in stockholders’ equity
Negative
No revenue metrics or growth data provided in the highlights
Still in early stages of monetization with primary initiatives planned for future
Insights
Brag House’s first post-IPO report shows significantly improved financial position, but upcoming execution on Learfield partnership will be crucial for revenue growth.
Brag House’s first quarterly filing since going public reveals a substantial financial transformation. The company has successfully converted its $6.6 million convertible debt into equity, eliminating a significant liability burden. Combined with $3.5 million in cash from IPO proceeds, Brag House has shifted from an $8.5 million deficit to a $1.6 million surplus in stockholders’ equity – a dramatic balance sheet improvement.
The strategic partnership with Learfield Communications represents a potentially powerful distribution channel into the collegiate market. Access to over 200 NCAA properties provides Brag House with immediate scale potential for its Gen Z engagement platform. The timing aligns perfectly with the upcoming fall college football season, typically the highest engagement period for college sports.
However, investors should note this filing covers Q1 (ending March 31), meaning the financial benefits from the Learfield partnership and fall activations are still forthcoming rather than reflected in current numbers. The Zacks $4.40 valuation target suggests significant upside potential from current pricing, but hinges on Brag House successfully monetizing its platform through its multi-layered revenue model.
This quarter primarily demonstrates financial restructuring success rather than operational scale. The company has built a stronger foundation with improved capital structure, but now faces the critical task of executing on its platform expansion to justify its $6.7 billion TAM opportunity in the Gen Z market. The upcoming fall college football season will likely be the first meaningful test of the company’s ability to generate revenue at scale.
Company Emerges from IPO with $3.5 Million in Cash, Elimination of $5.7 Million in Convertible Debt, and Positions Itself for Scalable Growth into a $6.7 Billion Gen Z Market
NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the Gen Z engagement platform operating at the intersection of gaming, college sports, and digital media, today announced the filing of its Form 10-Q for the quarter ended March 31, 2025. This is the Company’s first quarterly report since becoming a publicly listed company in March.
The filing reflects significant balance sheet improvements following the Company’s initial public offering, as well as strategic positioning ahead of key growth initiatives scheduled for later this year.
Key Highlights from the Q1 2025 Filing:
Strengthened Capital Position: As of March 31, 2025, the Company held $3.5 million in cash, bolstered by net proceeds from its IPO.
Convertible Debt Eliminated: All $6.6 million of convertible debt including accrued interest was eliminated through equity conversion, significantly strengthening the Company’s financial foundation.
Balance Sheet Turnaround: Brag House moved from a $8.5 million deficit to a $1.6 million surplus in stockholders’ equity during the quarter, reflecting strong investor confidence as evidenced by the Company’s IPO and the full exercise of the Overallotment option.
“This quarter validates the strategy we set in motion leading up to our IPO,” said Lavell Juan Malloy II, CEO and Co-Founder of Brag House. “We’ve entered the public markets with a strong balance sheet and a clear plan for scaling revenue, data capabilities, and brand partnerships.”
Strategic Partnership with Learfield Fuels Fall Activation
In Q1, the Company secured a strategic partnership with Learfield Communications, the media and technology powerhouse in college athletics. Through this agreement, Brag House gains access to more than 200 NCAA collegiate properties, including premier football programs and student communities.
Following several successful beta activations, including the inaugural Brag Gators Gauntlet at the University of Florida on May 17, 2025, Brag House is now preparing to launch the Brag Gators series this fall, aligned with the college football season.
This partnership underpins the Company’s multi-layered revenue model and supports its evolution into a data-driven platform that delivers anonymized Gen Z behavioral insights to brand partners seeking to lower customer acquisition costs and optimize campaign engagement.
Zacks Valuation Signals Upside Potential
On July 9, 2025, Zacks Small-Cap Research initiated coverage on Brag House with a $4.40 valuation target — more than [6x] the Company’s current share price based on the closing price as of July 21, 2025. The report underscores Brag House’s differentiated Gen Z-first model and scalable growth potential.
“We are honored to be recognized by Zacks for the strategic and structural foundation we’ve built,” added Malloy. “Like Zacks, we believe Brag House is uniquely positioned to scale into a $6.7 billion Total Addressable Market focused on Gen Z.”
About Brag House
Brag House is a leading media technology platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By merging gaming, social interaction, and collegiate culture, Brag House enables brands to authentically connect with the influential Gen Z demographic through gamified experiences, live-streaming content, and scalable data insights. For more information, visit www.braghouse.com.
Media Contact Fatema Bhabrawala Director of Media Relations fbhabrawala@allianceadvisors.com
What are the key financial improvements in Brag House’s (TBH) Q1 2025 report?
Brag House reported $3.5 million in cash, eliminated $6.6 million in convertible debt, and transformed from an $8.5 million deficit to a $1.6 million surplus in stockholders’ equity.
What is Brag House’s (TBH) partnership with Learfield and its significance?
The partnership gives Brag House access to over 200 NCAA collegiate properties, enabling expansion of their platform during college football season and supporting their multi-layered revenue model.
What is Zacks’ price target for Brag House (TBH) stock?
Zacks Small-Cap Research initiated coverage with a $4.40 price target, approximately 6x the stock’s closing price as of July 21, 2025.
What is Brag House’s (TBH) target market size?
Brag House is targeting a $6.7 billion Total Addressable Market focused on Gen Z engagement across gaming, college sports, and digital media.
When did Brag House (TBH) become a public company?
Brag House became a publicly listed company in March 2025, with this being their first quarterly report as a public company.
Ava Castro, Cardinal Newman, Volleyball. Deerfield Beach on Wednesday, December 10, 2025. (Carline Jean/South Florida Sun Sentinel)
Ava Castro, OH, Cardinal Newman senior: Led the Crusaders to a 3A regional quarterfinal appearance; recorded 328 kills, 207 digs, 38 blocks, 26 aces and .374 hitting percentage; registered 26 kills in a match; holds the school record for kills; Boston College signee.
Emmie Hill, Benjamin, Volleyball. All County—Deerfield Beach on Tuesday, November 18, 2025. (Carline Jean/South Florida Sun Sentinel)
Emmie Hill, MB, Benjamin sophomore: Led the Bucs to a 2A regional quarterfinal win; recorded 210 kills, 63 blocks and .351 hitting percentage; registered 20 kills in a match; USA Volleyball National Team Development Program selection.
Mikayla Matuszko, King’s Academy, Volleyball. All County—Deerfield Beach on Tuesday, November 18, 2025. (Carline Jean/South Florida Sun Sentinel)
Mikayla Matuszko, OH, King’s Academy freshman: Led the Lions to a district title and 3A regional semifinal appearance; recorded 314 kills, 173 digs and 61 aces; registered 22 kills in a match; USA Volleyball U17 National Team selection.
Riley McCaughey, Benjamin, Volleyball. All County—Deerfield Beach on Tuesday, November 18, 2025. (Carline Jean/South Florida Sun Sentinel)
Riley McCaughey, setter, Benjamin senior: Led the Bucs to a district championship and 2A regional quarterfinal win; recorded 600 assists, 187 digs, 97 kills and 63 aces; registered 55 assists in a match; 3,064 career assists; University of South Florida signee.
Luiza Queiroz, Saint Andrews School, Volleyball. All County—Deerfield Beach on Tuesday, November 18, 2025. (Carline Jean/South Florida Sun Sentinel)
Luiza Queiroz, OH, St. Andrew’s seventh grader: Led the Scots to a 3A regional semifinal appearance; recorded 420 kills, 187 digs and 69 aces; registered 41 kills in a match.
SECOND TEAM
Dayana Acevedo, setter, Cardinal Newman senior
Lyla Buser, OPP, Cardinal Newman senior
Caitlin Crino, setter, Boca Raton Christian junior
Miranda Knoll, OH, King’s Academy junior
Taylor Walsh, setter, St. Andrew’s sophomore
Caroline Wright, OH, Boca Raton Christian sophomore
HONORABLE MENTION
American Heritage-Delray: Dagan Rothbaun, Daniela Staton
Atlantic Christian: Anayah Enamorado
Benjamin: Mackenzie Bryan, Londyn Clark, Emma Markin
Lake Worth Christian: Cassidy Childers, Savannah Monier, Ella Vandenberg
Oxbridge Academy: Jessica Jerabek, Olivija Kozul
St. Andrew’s: Ashlyn Cobb
St. John Paul II: Meallen Gunther, Emily Rodriguez, Lyla Tomko
Suncoast: Bella Zingaro
COACH OF THE YEAR
Len Visser, Boca Raton Christian, Volleyball. All County—Deerfield Beach on Tuesday, November 18, 2025. (Carline Jean/South Florida Sun Sentinel)
Len Visser, Boca Raton Christian: The Blazers won a district title, regional championship and captured their first girls volleyball state championship in school history. They won seven straight matches to close the season. “I am proud that every girl was part of winning states. It’s special because the girls persevered through some very close losses. “We played like a team and I had total confidence in them. They all trusted each other. It’s truly one of my closest teams and they lifted each other up.”
Jupiter Christian senior outside hitter Ella Brodner reached 400 kills in a single season for the first time while Boca Raton Christian sophomore Hannah VanZwieten delivered a remarkable performance throughout the playoffs to lift the Blazers to their first girls volleyball state championship in school history.
The two top performers were recognized as the Sun Sentinel’s Palm Beach 4A-1A girls volleyball co-players of the year.
Brodner, a University of Virginia signee, had 400 kills, 5.7 kills per set and a .336 hitting percentage in just 70 sets played. She also added 244 service receptions, 218 digs, 39 aces and 25 blocks. She had 35 kills in four sets in a district semifinal victory.
Brodner holds the school record with 1,488 kills and 944 digs during her five seasons with the Eagles. She recalled a victory against Jupiter during her junior season as one of her most memorable matches in high school.
“I met the expectations I had set for myself since I came in the eighth grade,” Brodner said. “To end with 400 kills in a season was pretty cool. It’s exciting to hold school records. I could not have done it without any of my teammates. Coach Sarah [Mize] helped me with my mental toughness. I wanted to be an all-around player on the court. I made amazing memories and volleyball is so much fun. It was heartwarming to see little girls look up to me and how they were inspired because of how I play volleyball.”
Brodner took on a leadership role with several newcomers joining the Eagles. “When I was in the eighth grade, I was intimidated by most of the girls,” Brodner said.
“Allison Moore was a great leader and a big influence on me. She spent time helping me with volleyball. I wanted to be a big influence on our younger players. It was a rebuilding year and I knew it was going to be difficult, but I decided to stay. It’s a great feeling to help the girls.”
Brodner enjoyed watching her two older sisters at volleyball practices and tournaments. She joined the Jupiter Elite Volleyball Club at 7. She helped her team qualify for nationals in multiple seasons.
“The growth of our club has been amazing,” Brodner said. “All the coaches helped in my development and to where I am now.” Brodner is excited about the opportunity to play with her older sister, Sarah, at the University of Virginia.
“My sister and I have been really getting close and it’s an amazing opportunity,” Brodner said. “I’m extremely blessed to get to play with her. The ACC is very competitive and I’m excited for college volleyball.”
Ella Brodner, from Jupiter Christian High School, volleyball player of the year, photographed on Tuesday, December 9, 2025.(Mike Stocker/South Florida Sun Sentinel)
VanZwieten delivered for the Blazers during their playoff run to capture the state title. She had 13 kills and 12 digs in the regional championship, 19 kills, 23 digs and six aces in the state semifinal and 12 kills and 15 digs in the state championship match.
VanZwieten displayed her versatility with 254 kills, 270 digs, 221 service receptions, 157 assists, 53 aces and 30 blocks during her sophomore season.
“We lost players from last year who had played a big role,” VanZwieten said. “The difference was that we played together as a team. Our coaches did a great job and we handled the pressure. We were so happy to push through and win the semifinal against Seacrest. We practiced hard and stayed focused during the final match. We were so excited to win it.”
VanZwieten’s older sister, Grace, plays collegiate volleyball at Tusculum. Her mom serves as an assistant coach at Boca Raton Christian.
She also competes in beach volleyball tournaments with her sister, Mackenzi, who was a key contributor for the Blazers during their championship run. The sisters won a thrilling beach volleyball tournament in Tavares during a college showcase event.
“I have a lot of fun playing with Mackenzi and we connect really well,” VanZwieten said. “We have that experience together in beach volleyball and it’s helped us when playing indoor. It’s been very special.”
VanZwieten, a setter with Tribe Volleyball Club, displayed her versatility at outside hitter for the Blazers during her sophomore season.
“I was able to get out of my comfort zone and work on my game to get better,” VanZwieten said. “I played with a lot of energy and cheered on my teammates.
Hannah Van Zwieten, volleyball player of the year from Boca Raton Christian photographed on Wednesday, November 19, 2025. (Mike Stocker/South Florida Sun Sentinel)
The junior was a first-team All-Region 4D and first-team All-Northwestern District selection. Curtis had 181 kills and an area-best 78 blocks.
Caroline Eye, Central
The junior had an area-best 642 assists, 36 aces and 138 digs. Eye was a first-team All-Region 2B and first-team All-Bull Run District selection.
Lauren Foltz, Warren County
The senior was a first-team All-Northwestern District and a first-team All-Region 3B selection. Foltz had 134 kills and 32 aces.
Cami Golliday, Sherando
The junior had 30 aces and an area-best 337 digs. Golliday was a first-team All-Northwestern District and a second-team All-Region 4D selection.
Cheslea Stine, Strasburg
The junior was a first-team All-Bull Run District selection. Stine had 226 digs and 37 aces.
Hadley Witherow, Central
The senior had an area-best 278 kills, 44 aces and 170 digs. Witherow was a first-team All-Region 2B and a first-team All-Bull Run District selection.
Coach: Chuck Ashby, Sherando
Ashby led the Warriors to a 15-7 record in his first year back at the helm since 2013. Ashby was named the Class 4 Northwestern District Coach of the Year.
Ballenas Whalers senior girls volleyball side shines at B.C. event
Published 1:30 pm Wednesday, December 24, 2025
The Ballenas Whalers senior girls volleyball team capped off an incredible season with a strong showing at the AAA provincial championships in Vernon.
The team finished second in their pool before advancing to the crossover matches, ultimately securing 12th place in the province. Their journey to the provincials saw them rise from the initial qualifiers in Oceanside, through the North Islands, and then the Islands, consistently proving their resilience and determination.
For the second year in a row, Ballenas stands proud as the highest-ranked AAA Vancouver Island team in the province, a testament to their hard work, talent, and team spirit.
One of the highlights of the tournament was their faceoff with eventual tournament champions, Holy Cross. The Whalers took one set off the eventual champions and held their own in a competitive three-out-of-five crossover match, showcasing their ability to compete at the highest level.
Much of the team’s success can be attributed to the guidance and dedication of their coaching staff. With Rod Pick, Cassidy Kitchen and Sydney Gerke at the helm, the players were able to maximize their potential both on and off the court.
A special congratulations goes to the graduating seniors – Norah Hughes, Sophia Torgerson, Anna Parree, Cadie Denhaan and Cara McLaughlin – as they head off on to new adventures. Their contributions on and off the court have left a lasting legacy for Ballenas volleyball.
Hats off to all these young athletes for their remarkable season, their sportsmanship, and their continued commitment to excellence. The future looks bright for this talented group of volleyball stars!
