US Market News
4 weeks ago
Gloo Holdings, Inc. Reports First Quarter 2026 Financial ResultsJune 8, 2026 4:10 PM
Business Wire Q1 2026 revenue grows 238% year-over-year to $41.5 million, exceeding guidance and analyst consensus1 Adjusted EBITDA improves significantly as Gloo advances toward profitability Raises fiscal year 2026 Revenue guidance to $195 million Gloo Holdings, Inc. (Nasdaq: GLOO), a leading technology platform for the faith and flourishing ecosystem, today announced financial results for the quarter ended April 30, 2026. The company also gave second quarter revenue and Adjusted EBITDA guidance and raised fiscal year 2026 revenue guidance to $195.0 million. “AI remains a force multiplier behind our platform, and our focus on applied AI uniquely positions us to deliver greater impact for the faith and flourishing sector,” said Scott Beck, CEO of Gloo. “Our quarterly results show the strategy is working. We delivered another strong quarter that exceeded our guidance and analyst consensus, underscoring our disciplined execution and the trust our customers are placing in us. We continue to add strategic customers across new and existing verticals while deepening relationships with those we already serve.” First Quarter 2026 Financial Highlights Total revenue for the first quarter was $41.5 million, representing 238% growth, compared to the prior year period, beating quarterly consensus of $36.0 million. Net loss of $17.1 million for the first quarter of 2026. This compares to net loss of $27.0 million for the first quarter of fiscal 2025. Adjusted EBITDA was negative $11.5 million for the first quarter, beating guidance of negative $12.0 million and consensus estimates of negative $12.2 million. This compares to negative $18.6 million in the fourth quarter of 2025, a sequential improvement of $7.1 million. “Results for the first quarter demonstrate consistent progress against the targets we have set for ourselves. Revenue and Adjusted EBITDA both came in above our guidance range and ahead of analyst consensus, which speaks to the operating leverage we are continuing to build into the business,” said Paul Seamon, CFO of Gloo. “We are also encouraged by the quality of our customer momentum, including larger, more strategic deals that validate our go-to-market approach. We remain focused on the path to Adjusted EBITDA profitability and believe the financial trajectory we are building supports that goal.” Business Highlights Customer Momentum Gloo continues to close larger, strategic deals, including five new customers in the first quarter of 2026, each contributing over $1 million in annual contract value. These large strategic deals demonstrate growing momentum with universities, rescue missions and Bible translation organizations, as well as increased traction in the Catholic sector. Partnered with the Assemblies of God to deploy Gloo 360 across their enterprise operations, modernizing legacy systems and creating the capacity to more effectively serve 3 million members across 13,000 churches in the U.S. Partnered with Wesley Seminary at Indiana Wesleyan University, the largest private university in Indiana, to pioneer an AI-powered ministry lifecycle ecosystem—VIA Journeys—that connects ministry leaders with personalized resources and mentors across every stage of ministry. This initiative represents the early phase of a broader transformation in how Wesley Seminary and Indiana Wesleyan University equip students, faculty and the communities they are called to serve. Advancing Leadership in Applied AI By bringing the latest innovations in agentic AI, foundational models and services to customers, Gloo helps them drive better outcomes at lower cost, while creating what the company believes are highly durable revenue streams with strong margins. The company’s partnership with Jessup University is ahead of schedule. Key to this initiative is their student success platform, which uses advanced AI to provide student success coaches, faculty, and parents with risk assessments, communication capabilities, and attendance visibility, helping Jessup strengthen its mission of student care and outcomes. Announced availability of Gloo AI Studio, a comprehensive set of AI tools and capabilities for developers in the faith and flourishing ecosystem. The release includes support for over 80 LLMs, a playground feature that allows developers to experience values-aligned guardrails, new safety capabilities and varied subscription options to pay for token usage. Announced it will hold the 2026 Gloo 4th annual AI Hackathon from October 6-8, 2026 in Boulder, Colorado. The 48-hour hackathon is expected to bring together more than 700 developers, engineers and mission-driven builders to create AI-powered solutions that advance human flourishing. Strategic Acquisitions Gloo’s acquisition strategy is driving meaningful results for the business, with recent acquisitions of Westfall Group and Masterworks contributing to one of Gloo’s best quarters ever. The positive momentum validates not only the value the Gloo portfolio delivers to customers, but the power of the flywheel the company is creating. Today, Gloo announced a definitive agreement to acquire the remaining 20% stake in Midwestern, bringing its ownership to 100% and positioning the business as a continued high growth opportunity through increased investment in their cost-effective global talent capabilities, alongside agentic AI. The transaction will also eliminate a call option tied to the minority stake and create a one time improvement by removing the associated $12.1 million liability from Gloo’s balance sheet. In the first quarter of 2026, Gloo announced its acquisition of EMD, an established Workday Services Partner that provides consulting, implementation and support services to nonprofit, small and mid-market organizations. The acquisition, which closed in the second quarter of 2026, adds a broad set of AI-enabled Workday services and expertise to the Gloo platform, further strengthening the company’s portfolio of enterprise solutions. Fiscal Year 2026 Outlook Gloo expects second quarter revenue to be $44.0 million, which represents a 172% increase compared to the prior year period. For fiscal year 2026, Gloo is raising revenue guidance to $195.0 million. Adjusted EBITDA is expected to be negative $8.5 million for the second quarter of 2026, representing continued sequential improvement. The company continues to expect to approach Adjusted EBITDA breakeven in third quarter 2026, and remains confident in achieving Adjusted EBITDA profitability in fourth quarter 2026. Gloo has not provided a reconciliation of its forward outlook for Adjusted EBITDA to its most directly comparable GAAP financial measure in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Gloo is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to interest expense and changes in fair value of certain financial instruments, as well as equity-based compensation and employee stock transactions and related tax effects. Conference Call Information Gloo will conduct a conference call with analysts and investors to discuss its first quarter 2026 financial results and current financial prospects today at 5 p.m. ET. Participants may access the conference call via webcast using the Gloo Webcast link. The webcast will be recorded and available for replay. The link and recording will also be available on the Investor Relations section of the Gloo website at investors.gloo.com. About Gloo Gloo (Nasdaq: GLOO) is a leading technology platform serving the faith and flourishing ecosystem. Gloo helps missional organizations amplify their impact by powering their technology and expanding their reach, so that people flourish and organizations thrive. The company’s values-aligned AI platform modernizes systems, workflows and data, while its marketing and donor solutions expand reach, awareness and long-term giving for mission-based organizations. Based in Boulder, Colorado, Gloo serves over 140,000 faith, ministry, and nonprofit leaders. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding our growth prospects, our ability to achieve Adjusted EBITDA profitability, the impact of AI on the faith and flourishing sector and on our business and growth prospects, market share gains, our acquisition strategy and business initiatives, customer relationships and contracts, and our outlook for the second quarter, third quarter and fiscal year 2026. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on our current expectations. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors. Some of these risks are described in greater detail in our Annual Report on Form 10-K for the year ended January 31, 2026,, filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2026, and in the other documents we file with the SEC from time to time, including our Quarterly Report on Form 10-Q for the quarter ended April 30, 2026, which we expect to file with the SEC following the date of this press release. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements we may make. These factors may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not rely on these statements or regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Non-GAAP Financial Measures To supplement its condensed consolidated financial statements, which are prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), Gloo has provided in this press release and the accompanying tables the following non-GAAP financial measures: Adjusted EBITDA, non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, basic and diluted. Gloo uses Adjusted EBITDA to evaluate its core operating performance, support planning and forecasting, and assess strategic opportunities. In addition, Gloo may use Adjusted EBITDA in its incentive compensation programs applicable to some of its employees. Accordingly, Gloo believes that Adjusted EBITDA may provide useful information to investors about its business and financial performance, enhance its overall understanding of our past performance and future prospects, and allow for greater transparency with respect to this measure used by Gloo management in their financial and operational decision making. Adjusted EBITDA is defined as net loss adjusted to exclude (1) interest expense, (2) income tax expense (benefit), (3) depreciation and amortization, (4) equity-based compensation, (5) impairment of goodwill, (6) loss (gain) from change in fair value of financial instruments, (7) restructuring costs, (8) transaction related bonuses, (9) loss on extinguishment of debt, (10) income (loss) from equity method investments, net, (11) interest income, (12) IPO related costs, and (13) one-time employee tax credit, that are not reflective of Gloo's core operating results. Gloo also presents non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, because it believes that these measures may similarly provide useful information to investors about its business and financial performance, enhance its overall understanding of our past performance and future prospects, and allow for greater transparency with respect to this measure used by Gloo management in their financial and operational decision making. Management also believes that these measures are commonly used by securities analysts, investors and other interested parties in the evaluation of the Company's performance. Non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, are defined as net loss attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC and net loss per unit available to members of Gloo Holdings, LLC respectively, adjusted to exclude the impact of (1) loss (gain) from change in fair value of financial instruments, (2) loss on extinguishment of debt, (3) other non-routine items, such as IPO related costs, and (4) the income tax expense (benefit) impact of other adjustments, if any. Non-GAAP net loss per unit available to members of Gloo Holdings, LLC, basic and diluted, includes adjustments made to (U.S. GAAP) net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively. The Company has made these non-GAAP adjustments because it believes that these charges are not reflective of its core operating results. The non-GAAP financial measures included in this press release are not measurements of financial performance under U.S. GAAP and they should not be considered as alternatives to or substitutes for measures of performance derived in accordance with U.S. GAAP. In addition, these non-GAAP measures should not be construed as an inference that the Company’s future results will be unaffected by unusual or non-routine items. These non-GAAP measures have limitations as analytical tools, and investors should not consider such measures either in isolation or as substitutes for analyzing the Company’s results as reported under U.S. GAAP. The Company’s definitions and calculations of these non-GAAP measures are not necessarily comparable to other similarly titled measures used by other companies due to different methods of calculation. Investors are encouraged to review the most directly comparable GAAP measure and the Company's condensed consolidated financial statements and related notes included in Part II, Item 8 of the Annual Report on Form 10-K for the year ended January 31, 2026, and in the unaudited condensed consolidated financial statements and related notes included in Part I, Item 1 of the Quarterly Report on Form 10-Q for the quarter ended April 30, 2026, which Gloo expects to file with the SEC following the date of this press release. Gloo Holdings, Inc. Consolidated Balance Sheets (unaudited) April 30, January 31, 2026 2026 (in thousands, except share and unit data) ASSETS Current assets: Cash and cash equivalents $ 32,974 $ 57,307 Restricted cash 256 255 Accounts receivable, net of allowance for credit losses of $77 and $75, respectively 10,128 10,697 Inventory, net 1,188 1,397 Contract assets 918 1,259 Prepaid expenses and other current assets 5,064 4,689 Total current assets 50,528 75,604 Property and equipment, net 4,779 4,166 Capitalized software, net 32,143 30,078 ROU operating lease asset 7,791 8,705 Long-term investments 100 100 Other non-current assets 372 370 Intangible assets, net 35,943 37,283 Goodwill 107,343 107,353 Total assets $ 238,999 $ 263,659 LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 5,812 $ 9,356 Accrued compensation 6,777 8,397 Accrued liabilities 6,082 6,414 Acquisition-related liabilities, current 2,105 2,056 Deferred revenue 13,408 14,581 Debt, current 17,847 5,812 Lease liabilities, current 1,903 1,925 Total current liabilities 53,934 48,541 Acquisition-related liabilities, non-current 649 1,346 Debt, non-current 15,975 29,485 Lease liabilities, non-current 6,193 7,076 Derivative liability 401 399 Deferred income taxes 3,448 4,353 MW Call Option 12,106 12,858 Other non-current liabilities 1,921 1,919 Total liabilities 94,627 105,977 Mezzanine Equity: Redeemable NCI 3,666 3,559 Total mezzanine equity 3,666 3,559 Stockholders' Equity: Class A, $0.001 par value, 5,000,000,000 shares authorized, and 11,405,352 issued and outstanding as of April 30, 2026 and January 31, 2026 11 11 Class B, $0.001 par value, 100,000,000 shares authorized, 69,465,772 issued and 69,166,937 outstanding as of April 30, 2026 and January 31, 2026 70 70 Treasury stock, at cost; 298,835 shares as of April 30, 2026 and January 31, 2026 (3,771 ) (3,771 ) Additional paid-in capital 182,372 178,619 Accumulated deficit (56,943 ) (40,119 ) Accumulated other comprehensive income 352 364 Equity attributable to stockholders 122,091 135,174 Equity attributable to noncontrolling interests 18,615 18,949 Total stockholders' equity 140,706 154,123 Total liabilities, mezzanine equity, and stockholders' equity $ 238,999 $ 263,659 Gloo Holdings, Inc. Consolidated Statements of Operations (unaudited) Three Months Ended April 30, 2026 2025 (in thousands, except share, per share, unit, and per unit data) Revenue: Platform revenue $ 24,112 $ 8,495 Platform solutions revenue 17,418 3,807 Total revenue 41,530 12,302 Operating expenses: Cost of revenue (exclusive of depreciation and amortization) 28,101 8,874 Product development 3,895 5,712 Sales and marketing 9,627 7,324 General and administrative 15,220 9,942 Depreciation and amortization 3,427 2,527 Total operating expenses 60,270 34,379 Operating loss (18,740 ) (22,077 ) Other (income) expense: Interest expense 977 2,752 Other income, net (1,071 ) (421 ) (Gain) loss from change in fair value of financial instruments (750 ) 3,190 Total other (income) expense, net (844 ) 5,521 Net loss before income taxes (17,896 ) (27,598 ) Income tax benefit (expense) 845 (33 ) Income from equity method investments, net — 673 Net loss (17,051 ) (26,958 ) Less: net loss attributable to noncontrolling interests (227 ) (556 ) Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively $ (16,824 ) $ (26,402 ) Net loss per share attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively $ (0.21 ) $ (3.87 ) Weighted-average common shares (Class A and Class B) of Gloo Holdings, Inc. and units of Gloo Holdings, LLC used to compute net loss per share and unit, respectively, basic and diluted 80,769,952 8,217,025 Gloo Holdings, Inc. Consolidated Statements of Cash Flows (unaudited) Three Months Ended April 30, 2026 2025 (in thousands) Operating activities: Net loss $ (17,051 ) $ (26,958 ) Adjustments to reconcile net loss attributable to common stockholders and members to net cash used in operating activities: Equity-based compensation expense 3,749 2,183 Depreciation and amortization 3,427 2,527 Amortization of deferred financing costs 177 622 Provision for expected credit losses 347 46 Provision for inventory write-offs (178 ) — Lease expense 675 403 Deferred income taxes (905 ) 23 (Gain) loss from change in fair value of financial instruments (750 ) 3,190 Income from equity method investments, net — (1,028 ) Debt assumed through PIK interest 121 41 Loss on sale/disposal of PPE 2 — Changes in operating assets and liabilities, net of acquisitions: Accounts receivable 222 (553 ) Prepaid expenses and other current assets 354 147 Other non-current assets (2 ) (2,598 ) Accounts payable (3,539 ) 1,739 Accrued expenses and other current liabilities (2,606 ) (1,373 ) Deferred revenue (1,173 ) 583 Other non-current liabilities 30 (158 ) Net cash used in operating activities (17,100 ) (21,164 ) Investing activities: Purchases of property and equipment (925 ) (305 ) Capitalized internal-use software costs (3,843 ) (3,327 ) Payment of contingent consideration (706 ) (2,646 ) Net cash used in investing activities (5,474 ) (6,278 ) Financing activities: Payments on debt (1,774 ) (56,908 ) Proceeds from debt — 76,950 Proceeds from Series A Preferred Units issuance — 190 Proceeds from exercise of common stock and common unit options 4 64 Net cash (used in) provided by financing activities (1,770 ) 20,296 Effect of exchange rate changes on cash and cash equivalents 12 (271 ) Net decrease in cash, cash equivalents and restricted cash (24,332 ) (7,417 ) Cash, cash equivalents, and restricted cash Beginning of period 57,562 13,844 End of period $ 33,230 $ 6,427 Supplemental disclosures of cash flow information: Cash paid for interest $ 611 $ 1,269 Cash paid for taxes, net of refunds — — Gloo Holdings, Inc. GAAP to Non-GAAP Reconciliation (unaudited) The following tables provide a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP financial measures for the periods presented: Three Months Ended April 30, 2026 2025 (in thousands) Net loss attributable to common stockholders and members $ (16,824 ) $ (26,402 ) Net loss attributable to noncontrolling interests (227 ) (556 ) Net loss (17,051 ) (26,958 ) Adjusted to exclude: Interest expense 977 2,752 Income tax (benefit) expense (845 ) 33 Depreciation and amortization 3,427 2,527 Equity-based compensation 3,749 2,183 (Gain) loss from change in fair value of financial instruments (750 ) 3,190 Restructuring costs 74 — Loss from equity method investments, net — (674 ) Interest income (368 ) (61 ) IPO related costs — 502 One-time employee tax credit (1,191 ) — Opening balance sheet adjustment subsequent to the measurement period 471 — Adjusted EBITDA $ (11,507 ) $ (16,506 ) Three Months Ended April 30, 2026 2025 (in thousands, except share, per share, unit, and per unit data) Net loss $ (17,051 ) $ (26,958 ) Net loss attributable to noncontrolling interests (227 ) (556 ) Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively (16,824 ) (26,402 ) Less: Undeclared cumulative dividends on Series A Preferred Units — 5,412 Net loss available to common stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, basic and diluted (16,824 ) (31,814 ) Adjusted to exclude: (Gain) loss from change in fair value of financial instruments (750 ) 3,190 IPO related costs — 502 Income tax impact (1) 158 — Non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively (17,416 ) (28,122 ) Weighted-average common shares (Class A and Class B) of Gloo Holdings, Inc. and units of Gloo Holdings, LLC used to compute net loss per unit, respectively, basic and diluted 80,769,952 8,217,025 Net loss per share attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively $ (0.21 ) $ (3.87 ) Non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively $ (0.22 ) $ (3.42 ) (1) The adjustments to net loss attributable to members of Gloo Holdings, LLC relate to accounting transactions that are exclusive to Gloo Holdings, LLC, a nontaxable entity, prior to the Corporate Reorganization. Subsequent to the Corporate Reorganization, Gloo Holdings, Inc. was subject to tax. ____________________ 1 Consensus source: FactSet View source version on businesswire.com: https://www.businesswire.com/news/home/20260608302096/en/ investor@gloo.us Original: Gloo Holdings, Inc. Reports First Quarter 2026 Financial Results
US Market News
3 months ago
Gloo Holdings, Inc. Reports Fourth Quarter and Fiscal 2025 Financial ResultsApril 14, 2026 4:10 PM
Business Wire
Achieves Q4 2025 Revenue of $33.6 million, exceeding guidance and analyst consensus
Raises fiscal year 2026 Revenue guidance to $190 million
Expects more than 30% sequential improvement in Adjusted EBITDA from Q4 25 to Q1 26
Accelerates progress toward Adjusted EBITDA profitability
Gloo Holdings, Inc. (Nasdaq: GLOO), a leading technology platform for the faith and flourishing ecosystem, today announced financial results for the quarter and year ended January 31, 2026. The company reaffirmed first quarter guidance and Adjusted EBITDA guidance and raised fiscal year 2026 revenue guidance to $190 million.
“We closed fiscal 2025 with a strong quarter that exceeded both our revenue guidance and analyst expectations. These results are particularly meaningful as they reflect our progress towards Adjusted EBITDA profitability and how AI is accelerating our momentum,” said Scott Beck, CEO of Gloo. “AI can unlock enormous possibilities for ministries, network capability providers and churches to grow their reach and impact, but only if they have access to the right tools. We believe that our focus on applied AI and bringing agentic workflows to the faith and flourishing sector uniquely positions us to capture that opportunity, while advancing our purpose of serving those who serve.”
Fourth Quarter and Fiscal 2025 Financial Highlights
Raised proceeds of $72.3 million, net of underwriting fees and discounts, in conjunction with the company’s initial public offering (IPO), completed in the fourth quarter of 2025. Additionally, converted $143.1 million of debt and related accrued interest amounts to equity in conjunction with the company’s IPO, significantly strengthening the company's balance sheet.
Total revenue for the fourth quarter was $33.6 million, representing 418% growth, compared to the prior year period, beating quarterly consensus of $31.6 million. Total revenue for fiscal 2025 was $94.7 million, representing 308% growth compared to fiscal 2024.
Platform revenue for the fourth quarter and fiscal 2025 totaled $20.1 million and $57.2 million, up 219% and 150%, respectively, compared to the prior year periods.
Platform solutions revenue for the fourth quarter and fiscal 2025 totaled $13.5 million and $37.5 million, up $13.3 million and $37.1 million, respectively, compared to prior year periods.
Net loss of $48.6 million and $158.7 million, for the fourth quarter and fiscal 2025, respectively. This compares to net loss of $44.8 million and $85.8 million for the fourth quarter and fiscal 2024, respectively.
There were meaningful non-cash charges in the fourth quarter. Adjusting for these, non-GAAP net loss attributable to stockholders of Gloo Holdings, Inc. was $39.4 million for the fourth quarter of 2025. This compares to non-GAAP net loss attributable to members of Gloo Holdings, LLC of $50.4 million for the fourth quarter of 2024.
Adjusted EBITDA was negative $18.6 million for the fourth quarter, beating consensus estimates of negative $18.7 million. This is on the better end of the company’s guidance range of negative $19.0 million to negative $18.5 million.
“Last quarter, we said we expected to end 2025 on a positive note, and our results confirm exactly that, reflecting strong execution and financial discipline. We achieved impressive year-over-year growth, and Q4 2025 revenue that exceeded both our guidance and analyst consensus, and Adjusted EBITDA at the better end of our range,” said Paul Seamon, CFO of Gloo. “Looking ahead, our Q1 2026 guidance and sequential improvement in Adjusted EBITDA keeps us firmly on track for delivering Adjusted EBITDA profitability by Q4 2026.”
Business Highlights
Advancing Leadership in Applied AI
Gloo is advancing leadership in applied AI by leveraging the latest innovations in agentic AI, foundational models and services from top AI companies, combining them with Gloo platform capabilities. As part of this strategy, Gloo takes on and modernizes customer technology and operations, applying agentic AI to deliver better outcomes at lower cost for customers, with strong margins and highly durable revenue streams for Gloo.
As co-host of the Missional AI Conference, previewed two new projects, including a faith-based adversarial evaluator as part of its FAI Initiative and a Language Integration Protocol (LIP) project to standardize AI training in new languages.
Published the peer-reviewed Flourishing AI Christian (FAIC) Benchmark report, outlining the methodology and research behind how AI outputs measure to a Christian worldview.
Launched Gloo AI Studio in March, providing a production-grade AI development platform to faith-based and mission-driven developers.
Strategic Acquisitions
The company continues to execute on its strategic acquisition strategy, further increasing the value and reach of the Gloo platform.
Announced a definitive agreement to acquire Enterprisemarketdesk (EMD), an established Workday Services Partner that provides consulting, implementation and support services to nonprofit, small and mid-market organizations. This expands Gloo’s enterprise technology capabilities and strengthens the Gloo 360 value proposition as the technology infrastructure management service of choice for the faith and flourishing ecosystem.
Successful completion of Westfall Group acquisition, a leading platform for major donor engagement in the faith and flourishing ecosystem, expanding Gloo’s capabilities in donor development and strengthening synergies with Masterworks, which was acquired in 2025.
Customer Momentum
Gloo continued to close deals in the fourth quarter of fiscal 2025 at over $1 million in annual contract value. Key examples include new agreements with InterVarsity and Jessup University.
Announced new strategic technology partnership with InterVarsity Christian Fellowship/USA, deploying Gloo 360 to power their enterprise technology operations. This enables InterVarsity to spend less time managing systems and more time engaging students and faculty across 700+ U.S. campuses.
Partnered with Jessup University to modernize its operational and technology foundation, creating the capacity to invest directly in student success initiatives while strengthening marketing, enrollment growth, and retention outcomes.
We also expanded our partnership with YouVersion in Brazil, establishing a co-located engineering presence alongside their Regional Hub to strengthen cultural alignment with their team while building engineering capacity in the region.
Fiscal Year 2026 Outlook
Gloo is reaffirming revenue guidance for its first quarter to be $36 million, which represents a nearly tripling of revenue growth over the prior year period. For fiscal year 2026, Gloo is raising guidance to $190 million, which represents a more than doubling over the prior year period. Adjusted EBITDA is expected to be negative $12 million for the first quarter of 2026 which is more than 30% sequential improvement in Adjusted EBITDA from Q4 25 to Q1 26. The company continues to expect to approach Adjusted EBITDA breakeven in third quarter 2026, and remains confident in achieving Adjusted EBITDA profitability in fourth quarter 2026.
Gloo has not provided a reconciliation of its forward outlook for Adjusted EBITDA to its most directly comparable GAAP financial measure in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Gloo is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to interest expense and changes in fair value of certain financial instruments, as well as equity-based compensation and employee stock transactions and related tax effects.
Conference Call Information
Gloo will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2025 financial results and current financial prospects today at 5 p.m. ET. Participants may access the conference call via webcast using the Gloo Webcast link. The webcast will be recorded and available for replay. The link and recording will also be available on the Investor Relations section of the Gloo website at investors.gloo.com.
About Gloo
Gloo (Nasdaq: GLOO) is a leading technology platform serving the faith and flourishing ecosystem. Gloo helps missional organizations amplify their impact by powering their technology and expanding their reach, so that people flourish and organizations thrive. The company’s values-aligned AI platform modernizes systems, workflows and data, while its marketing and donor solutions expand reach, awareness and long-term giving for mission-based organizations. Based in Boulder, Colorado, Gloo serves over 140,000 faith, ministry, and nonprofit leaders.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding our growth prospects, our ability to achieve Adjusted EBITDA profitability, the impact of AI on the faith and flourishing sector and on our business and growth prospects, market share gains, our acquisition strategy and business initiatives, and our outlook for the fourth quarter and fiscal year of 2025. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on our current expectations. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors. Some of these risks are described in greater detail in our Prospectus dated November 18, 2025, filed with the Securities and Exchange Commission (the “SEC”) on November 19, 2025, and in the other documents we file with the SEC from time to time, including our Quarterly Report on Form 10-Q for the quarter ended October 31, 2025, filed with the SEC on December 23, 2025, and our annual report on Form 10-K, which we expect to file with the SEC on or around the date of this press release. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements we may make. These factors may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not rely on these statements or regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP Financial Measures
To supplement its condensed consolidated financial statements, which are prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), Gloo has provided in this press release and the accompanying tables the following non-GAAP financial measures: Adjusted EBITDA, non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, basic and diluted.
Gloo uses Adjusted EBITDA to evaluate its core operating performance, support planning and forecasting, and assess strategic opportunities. In addition, Gloo may use Adjusted EBITDA in its incentive compensation programs applicable to some of its employees. Accordingly, Gloo believes that Adjusted EBITDA may provide useful information to investors about its business and financial performance, enhance its overall understanding of our past performance and future prospects, and allow for greater transparency with respect to this measure used by Gloo management in their financial and operational decision making.
Adjusted EBITDA is defined as net loss adjusted to exclude (1) interest expense, (2) income tax expense (benefit), (3) depreciation and amortization, (4) equity-based compensation, (5) impairment of goodwill, (6) loss (gain) from change in fair value of financial instruments, (7) restructuring costs, (8) transaction related bonuses, (9) loss on extinguishment of debt, (10) income (loss) from equity method investments, net, (11) interest income, (12) IPO-related costs, and (13) one-time employee tax credit, that are not reflective of Gloo's core operating results.
Gloo also presents non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, because it believes that these measures may similarly provide useful information to investors about its business and financial performance, enhance its overall understanding of our past performance and future prospects, and allow for greater transparency with respect to this measure used by Gloo management in their financial and operational decision making. Management also believes that these measures are commonly used by securities analysts, investors and other interested parties in the evaluation of the Company's performance.
Non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, are defined as net loss attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC and net loss per unit available to members of Gloo Holdings, LLC respectively, adjusted to exclude the impact of (1) loss (gain) from change in fair value of financial instruments, (2) loss on extinguishment of debt, (3) other non-routine items, such as IPO related costs, and (4) the income tax expense (benefit) impact of other adjustments, if any. Non-GAAP net loss per unit available to members of Gloo Holdings, LLC, basic and diluted, includes adjustments made to (U.S. GAAP) net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively. The Company has made these non-GAAP adjustments because it believes that these charges are not reflective of its core operating results.
The non-GAAP financial measures included in this press release are not measurements of financial performance under U.S. GAAP and they should not be considered as alternatives to or substitutes for measures of performance derived in accordance with U.S. GAAP. In addition, these non-GAAP measures should not be construed as an inference that the Company’s future results will be unaffected by unusual or non-routine items. These non-GAAP measures have limitations as analytical tools, and investors should not consider such measures either in isolation or as substitutes for analyzing the Company’s results as reported under U.S. GAAP. The Company’s definitions and calculations of these non-GAAP measures are not necessarily comparable to other similarly titled measures used by other companies due to different methods of calculation. Investors are encouraged to review the most directly comparable GAAP measure and the Company's condensed consolidated financial statements and related notes included in Part II, Item 8 of the Annual Report on Form 10-K for the year ended January 31, 2026, which Gloo expects to file with the SEC on or around the date of this press release.
Gloo Holdings, Inc.
Consolidated Balance Sheets
(unaudited)
January 31,
2026
2025
(in thousands, except share and unit data)
ASSETS
Current assets:
Cash and cash equivalents
$
57,307
$
13,592
Restricted cash
255
252
Accounts receivable, net of allowance for credit losses of $75 and $68, respectively
10,697
623
Inventory, net
1,397
1,460
Contract assets
1,259
—
Prepaid expenses and other current assets
4,689
2,388
Total current assets
75,604
18,315
Property and equipment, net
4,166
2,303
Capitalized software, net
30,078
23,578
ROU operating lease asset
8,705
3,835
Long-term investments
100
33,252
Other non-current assets
370
209
Intangible assets, net
37,283
11,431
Goodwill
107,353
27,901
Total assets
$
263,659
$
120,824
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' AND MEMBERS’ DEFICIT
Current liabilities:
Accounts payable
$
9,356
$
3,613
Accrued compensation
8,397
4,538
Accrued liabilities
6,414
3,521
Acquisition-related liabilities, current
2,056
1,350
Deferred revenue
14,581
3,725
Debt, current
5,812
3,177
Lease liabilities, current
1,925
685
Total current liabilities
48,541
20,609
Acquisition-related liabilities, non-current
1,346
100
Debt, non-current
29,485
66,959
Lease liabilities, non-current
7,076
3,095
Derivative liability
399
832
Deferred income taxes
4,353
1,911
MW Call Option
12,858
8,793
Other non-current liabilities
1,919
4,633
Total liabilities
105,977
106,932
Mezzanine Equity:
Series A Preferred Units, no par value; no units authorized, issued or outstanding, with zero liquidation preference as of January 31, 2026; and 39,250,615 authorized, 37,809,982 units issued, and 37,532,207 units outstanding, with an aggregate liquidation preference of $432.7 million as of January 31, 2025
—
351,887
Redeemable NCI
3,559
—
Total mezzanine equity
3,559
351,887
Stockholders' and Members’ Equity:
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, and no shares issued or outstanding as of January 31, 2026
—
—
Common member units, no par value; no units authorized, issued or outstanding as of January 31, 2026; and 13,217,025 units authorized and 8,201,191 units issued and outstanding as of January 31, 2025
—
—
Class A, $0.001 par value, 5,000,000,000 shares authorized, and 11,405,352 issued and outstanding as of January 31, 2026
11
—
Class B, $0.001 par value, 100,000,000 shares authorized, 69,465,772 issued and 69,166,937 outstanding as of January 31, 2026
70
—
Treasury stock, at cost; 298,835 shares as of January 31, 2026; and no shares as of January 31, 2025
(3,771
)
—
Additional paid-in capital
178,619
23,591
Accumulated deficit
(40,119
)
(368,312
)
Accumulated other comprehensive income
364
—
Equity attributable to stockholders' and members’
135,174
(344,721
)
Equity attributable to noncontrolling interests
18,949
6,726
Total stockholders' and members’ equity
154,123
(337,995
)
Total liabilities, mezzanine equity, and stockholders' and members’ equity
$
263,659
$
120,824
Gloo Holdings, Inc.
Consolidated Statements of Operations
(unaudited)
Three Months Ended January 31,
Year Ended January 31,
2026
2025
2026
2025
(in thousands, except share, per share, unit, and per unit data)
Revenue:
Platform revenue
$
20,143
$
6,323
$
57,208
$
22,873
Platform solutions revenue
13,490
173
37,452
330
Other revenue
—
—
—
13
Total revenue
33,633
6,496
94,660
23,216
Operating expenses:
Cost of revenue (exclusive of depreciation and amortization)
25,739
5,417
71,554
19,749
Product development
6,878
3,594
23,744
13,551
Sales and marketing
12,387
6,478
36,354
22,619
General and administrative
20,538
4,784
60,016
15,098
Depreciation and amortization
3,117
2,154
11,163
7,714
Impairment of goodwill
—
27,753
—
27,753
Total operating expenses
68,659
50,180
202,831
106,484
Operating loss
(35,026
)
(43,684
)
(108,171
)
(83,268
)
Other expense (income):
Interest expense
1,954
1,884
14,347
4,738
Other income, net
(2,037
)
(150
)
(2,367
)
(687
)
Loss (gain) from change in fair value of financial instruments
13,025
(543
)
33,528
(1,301
)
Loss on extinguishment of debt
—
—
7,473
—
Total other expense (income), net
12,942
1,191
52,981
2,750
Net loss before income taxes
(47,968
)
(44,875
)
(161,152
)
(86,018
)
Income tax (expense) benefit
(680
)
236
(362
)
796
Income (loss) from equity method investments, net
—
(143
)
2,782
(580
)
Net loss
(48,648
)
(44,782
)
(158,732
)
(85,802
)
Less: net loss attributable to noncontrolling interests
681
(113
)
(1,604
)
(113
)
Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively
$
(49,329
)
$
(44,669
)
$
(157,128
)
$
(85,689
)
Net loss per share attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively
$
(0.77
)
$
(6.14
)
$
(8.03
)
$
(13.65
)
Weighted-average common shares (Class A and Class B) of Gloo Holdings, Inc. and units of Gloo Holdings, LLC used to compute net loss per share and unit, respectively, basic and diluted
65,596,225
8,125,002
22,696,229
7,764,474
Gloo Holdings, Inc.
Consolidated Statements of Cash Flows
(unaudited)
Year Ended January 31,
2026
2025
(in thousands)
Operating activities:
Net loss
$
(158,732
)
$
(85,802
)
Adjustments to reconcile net loss attributable to common stockholders and members to net cash used in operating activities:
Equity-based compensation expense
15,450
3,787
Depreciation and amortization
11,163
7,714
Amortization of deferred financing costs
3,249
692
Provision for expected credit losses
396
64
Provision for inventory write-offs
123
274
Lease expense
2,098
1,179
Deferred income taxes
(141
)
(796
)
Loss (gain) from change in fair value of financial instruments
33,528
(1,301
)
(Income) loss from equity method investments, net
(2,782
)
580
Loss on extinguishment of debt
7,473
—
Debt assumed through PIK interest
3,474
1,381
Impairment of goodwill
—
27,753
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
(2,864
)
(236
)
Prepaid expenses and other current assets
(40
)
(1,173
)
Other non-current assets
(1,249
)
(50
)
Accounts payable
2,814
(63
)
Accrued expenses and other current liabilities
3,820
(904
)
Deferred revenue
1,611
1,571
Other non-current liabilities
110
(804
)
Net cash used in operating activities
(80,499
)
(46,134
)
Investing activities:
Purchases of property and equipment
(1,189
)
(425
)
Capitalized internal-use software costs
(12,822
)
(10,169
)
Purchases of equity method investments
—
(2,401
)
Acquisitions, net of cash acquired
(10,234
)
(1,931
)
Net cash used in investing activities
(24,245
)
(14,926
)
Financing activities:
Payments on debt
(4,316
)
(230
)
Proceeds from debt
81,925
60,680
Payments of deferred financing costs
(85
)
(87
)
Proceeds from Member Advances received, net
5,000
489
Proceeds from Series A Preferred Units issuance
817
—
Proceeds from exercise of common stock and common unit options
639
325
Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts and commissions and other offering costs
64,991
—
Net cash provided by financing activities
148,971
61,177
Effect of exchange rate changes on cash and cash equivalents
(509
)
—
Net increase in cash, cash equivalents and restricted cash
43,718
117
Cash, cash equivalents, and restricted cash
Beginning of period
13,844
13,727
End of period
$
57,562
$
13,844
Supplemental disclosures of cash flow information:
Cash paid for interest
$
4,013
$
3,442
Cash paid for taxes, net of refunds
167
—
Supplemental disclosure of non-cash investing and financing activity:
ROU assets obtained in acquisition
2,206
—
ROU assets obtained in exchange for new lease liabilities
1,934
—
Gloo Holdings, Inc.
GAAP to Non-GAAP Reconciliation
(unaudited)
The following tables provide a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP financial measures for the periods presented:
Three Months Ended January 31,
Year Ended January 31,
2026
2025
2026
2025
(in thousands)
Net loss attributable to common stockholders and members
$
(49,329
)
$
(44,669
)
$
(157,128
)
$
(85,689
)
Net loss attributable to noncontrolling interests
681
(113
)
(1,604
)
(113
)
Net loss
(48,648
)
(44,782
)
(158,732
)
(85,802
)
Adjusted to exclude:
Interest expense
1,954
1,884
14,347
4,738
Income tax expense (benefit)
680
(236
)
362
(796
)
Depreciation and amortization
3,117
2,154
11,163
7,714
Equity-based compensation
10,522
377
15,450
3,787
Impairment of goodwill
—
27,753
—
27,753
Loss (gain) from change in fair value of financial instruments
13,025
(543
)
33,528
(1,301
)
Restructuring costs
1,680
687
1,680
687
Transaction related bonuses
—
—
732
—
Loss on extinguishment of debt
—
—
7,473
—
Income (loss) from equity method investments, net
—
143
(2,782
)
580
Interest income
(713
)
(146
)
(1,023
)
(665
)
IPO related costs
1,117
—
4,738
—
One-time employee tax credit
(1,285
)
—
(1,285
)
—
Adjusted EBITDA
$
(18,551
)
$
(12,709
)
$
(74,349
)
$
(43,305
)
Three Months Ended January 31,
Year Ended January 31,
2026
2025
2026
2025
(in thousands, except share, per share, unit, and per unit data)
Net loss
$
(48,648
)
$
(44,782
)
$
(158,732
)
$
(85,802
)
Net loss attributable to noncontrolling interests
681
(113
)
(1,604
)
(113
)
Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively
(49,329
)
(44,669
)
(157,128
)
(85,689
)
Adjusted to exclude:
Loss (gain) from change in fair value of financial instruments
13,025
(543
)
33,528
(1,301
)
IPO related costs
1,117
—
4,738
—
Loss on extinguishment of debt
—
—
7,473
—
Income tax impact(1)
—
—
—
—
Non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively
(35,187
)
(44,670
)
(111,389
)
(86,990
)
Less: Undeclared cumulative dividends on Series A Preferred Units
1,229
5,185
17,694
20,264
Less: Deemed dividend for conversion of Member Advance
—
—
7,400
—
Non-GAAP net loss available to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, LLC basic and diluted
$
(36,416
)
$
(49,855
)
$
(136,483
)
$
(107,254
)
Weighted average number of common units outstanding, basic and diluted
65,596,225
8,125,002
22,696,229
7,764,474
Net loss per share attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively
$
(0.77
)
$
(6.14
)
$
(8.03
)
$
(13.65
)
Non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively
$
(0.78
)
$
(5.12
)
$
(7.12
)
$
(2.62
)
(1) The adjustments to net loss attributable to members of Gloo Holdings, LLC relate to accounting transactions that are exclusive to Gloo Holdings, LLC, a nontaxable entity.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414279483/en/
investor@gloo.us
Original: Gloo Holdings, Inc. Reports Fourth Quarter and Fiscal 2025 Financial Results
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