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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Brightline Interactive's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.08.
The industry rank for Brightline Interactive's Net-Net Working Capital or its related term are showing as below:
BTLN's Price-to-Net-Net-Working-Capital is ranked worse than 65.67% of 1241
companies
in the Software industry
Industry Median: 7
vs BTLN: 13.38
Brightline Interactive (NAS:BTLN) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Brightline Interactive Net-Net Working Capital Related Terms
Brightline Interactive Net-Net Working Capital Historical Data
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The historical data trend for Brightline Interactive's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Brightline Interactive Net-Net Working Capital Chart
BTLN vs SSGC, RKTO, INTZ: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Brightline Interactive's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Brightline Interactive Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Brightline Interactive's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Brightline Interactive's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.08 mean?
Brightline Interactive (BTLN) has a Net-Net Working Capital of $0.08 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Brightline Interactive According to the industry distribution chart, Brightline Interactive ranks #815 out of 1241 companies in the Software industry, placing it in the top 65.7%.
Is Brightline Interactive's Net-Net Working Capital too high?
Brightline Interactive's current Net-Net Working Capital is $0.08. The Software industry median Net-Net Working Capital is 7.00. Brightline Interactive's value of $0.08 is 98.9% below this industry median. Based on the distribution chart, Brightline Interactive ranks #815 out of 1241 companies in the Software industry, which is below the industry midpoint. Overall, Brightline Interactive has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Brightline Interactive's Net-Net Working Capital compare to SSGC and RKTO?
According to the Software industry distribution chart, Brightline Interactive ranks #815 out of 1241 companies for Net-Net Working Capital. This places Brightline Interactive in the lower half of its industry. The industry median Net-Net Working Capital is 7.00. Brightline Interactive's value of $0.08 is 98.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Software company?
The median Net-Net Working Capital among Software companies is 7.00, based on 1,241 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brightline Interactive's current Net-Net Working Capital of $0.08 is 98.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Brightline Interactive For the Software industry, the median Net-Net Working Capital is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brightline Interactive's current Net-Net Working Capital is $0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brightline Interactive stock overvalued right now?
Based on GuruFocus' analysis, Brightline Interactive (BTLN) is currently considered Fairly Valued. The stock's GF Value™ is $1.05, compared to a current price of $1.07 — trading 1.9% above its estimated fair value. The current Net-Net Working Capital is $0.08 and 98.9% below the Software industry median of 7.00. Brightline Interactive's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Brightline Interactive (BTLN), the current Net-Net Working Capital is $0.08 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Brightline Interactive (BTLN) Overvalued in 2026?
Based on GuruFocus' analysis, Brightline Interactive stock appears to be overvalued.
The current stock price of $1.07 is trading 1.9% above its estimated GF Value™ of $1.05.
GuruFocus considers Brightline Interactive to be Fairly Valued.
Key valuation signals for BTLN:
Net-Net Working Capital: $0.08
GF Value™: $1.05 vs. price of $1.07 (1.9% above fair value)
Industry Position: 98.9% below the Software median (#815 of 1241)
No single metric tells the full story. See the BTLN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Glimpse Group Inc is a diversified immersive technology platform company, focused on providing enterprise solutions in virtual reality (VR), augmented reality (AR), and spatial computing. The company operates multiple subsidiaries that develop VR and AR software and services across various industries, including corporate training, education, healthcare, government, defense, marketing, retail, and financial services. It also offers AI-driven spatial computing platforms that support simulations, social VR, behavioral health, and corporate events. The Company reports its revenues in three categories: Software Services, Software License and Software-as-a-Service (SaaS), and Royalty Income, with the majority being from the Software Services category.
70GF Score
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