# FreeCast, Inc. (CAST)

> Source: Nexqual · https://nexqual.com/CAST · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, FreeCast, Inc. (CAST), nexqual.com/CAST" · informational, not investment advice.

**Price:** USD 1.09 (+13.73% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 0.96 · day 0.95–1.11 · 52w 0.5–33 · market cap $55.4M · NGM

## Key facts
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $0K; 1 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -88.1% vs S&P 500 +13.4%; 5Y -77.2% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2025 | FY2026 | TTM |
|---|---|---|---|
| Revenue | $628K | $711K | — |
| Gross profit | $282K | $583K | — |
| Operating income | -$13.8M | -$12.7M | — |
| Net income | -$14.1M | -$13.0M | -$13.0M |
| EPS (diluted) | -$0.36 | -$0.62 | — |
| Free cash flow | -$12.4M | -$10.1M | — |
| Gross margin | 44.8% | 82.1% | — |
| Operating margin | -2189.8% | -1783.5% | — |
| Net margin | -2239.3% | -1835.0% | — |
| Revenue growth | — | +13.2% | — |
| Cash + short-term investments | $549K | $8.9M | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 24.6x · Earnings yield -23.56%

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-17 | Mobley William A Jr | Chief Executive Officer | 506,250 | $0K | 4.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Total return (dividends reinvested)
|  | 1Y (from 2026-03-10) | 5Y (from 2026-03-09) |
|---|---|---|
| Total return | -88.1% | -77.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | — | — |
| Volatility (annualized) | 281.4% | 301.1% |
| Max drawdown | -93.5% (Mar 2026→Jun 2026) | -87.9% (Jun 2026→Oct 2026) |

## Peers (Broadcasting)
GTN-A (Gray Media, Inc.) USD 6.05 +0.17% · SBGI (Sinclair, Inc.) USD 12.39 -3.20% · NMAX (Newsmax, Inc.) USD 7.93 -2.94% · NXST (Nexstar Media Group, Inc.) USD 167.34 -0.84%

## More
Full page: https://nexqual.com/CAST · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CAST's own 10-K filed 2026-09-28 (https://www.sec.gov/Archives/edgar/data/1633369/000121390026104155/ea0306522-10k_freecast.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "We utilize the services of third-party cloud computing providers, more specifically, Amazon Web Services." |
| Customer | Audience Acuity | "Under the agreement, we have access to and use of a proprietary marketing database and related analytical services Nextelligence either owns or licenses from Audience Acuity LLC, including customer profiling, audience ta…" |
| Partner | DIRECTV | "In March 2025, we entered into a dealer agreement with DIRECTV, LLC, pursuant to which we are authorized to promote, market and take orders for DIRECTV streaming services to subscribers, with a focus on MDU properties in…" |
| Partner | Telebrands | "Following the end of the product lifecycle of our legacy product, Rabbit TV, and the conclusion of our partnership with Telebrands Corp. in 2017, we spent over two years rebuilding our product." |
| Partner | Amiens Technology Investments | "Pursuant to our Equity Purchase Agreement with Amiens Technology Investments LLC, as amended, we may, subject to specified conditions and limitations, sell up to $50 million of shares of our Class A common stock." |
| Related party | Nextelligence | "On July 1, 2024, we repaid $1,075,000 on the convertible promissory note with related party Nextelligence." |
| Related party | Celebrity Cigars | "In June 2023, we entered into verbal arrangements with two related party entities, Test Drive Live Inc. and Celebrity Cigars, Inc. William A." |
| Related party | Test Drive Live | "In June 2023, we entered into verbal arrangements with two related party entities, Test Drive Live Inc. and Celebrity Cigars, Inc. William A." |
| Related party | SportX | "As of June 30, 2026, we had two customers, SportX, LLC and related party customer Celebrity Cigars, Inc., representing 63.6% and 35.5%, respectively, of our receivables." |

## Revenue by product line (quarter ended 2026-03-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| FAST Revenue Related Parties | $68,063 | 73.3% | +74.9% |
| Sale | $24,846 | 26.7% | -76.3% |
| — Membership (part of Sale) | $12,430 | 13.4% | -60.9% |
| — Ad Revenue (part of Sale) | $11,016 | 11.9% | -84.8% |
| — Other Revenue (part of Sale) | $1,400 | 1.5% | +140.5% |
| Total revenue | $92,909 | 100% | — |

## Customer concentration

Period ended 2026-06-30: 31.7%, 30.2%, 19.4% of revenue from unnamed direct customers (10-K, filed 2026-09-28).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.06 | $-0.08 | -25.0% | $368,900 | 1 |
| Next quarter (ends 2026-12-31) | $-0.06 | $-0.08 | -25.0% | $383,900 | 1 |
| Current fiscal year (ends 2027-06-30) | $-0.22 | $-0.27 | -18.5% | $3.0M | 1 |
| Next fiscal year (ends 2028-06-30) | $0.12 | $0.15 | -20.0% | $47.5M | 1 |