Sports
Brag House First Earnings Show $3.5M Cash, Major NCAA Partnership
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
Investor Relations Contact
Adele Carey
VP, Investor Relations
ir@thebraghouse.com
FAQ
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.