STOCK TITAN

Gloo Holdings revenue jumps 188%, lifts outlook

Gloo posts 188% Q2 revenue growth, narrows losses, and raises full-year 2026 revenue guidance to $200 million while still operating at a cash burn.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Gloo Holdings, Inc. (GLOO) reported very rapid growth for the quarter ended July 31, 2026, with revenue of $46.6 million, up 188% from a year earlier and above its $44.0 million guidance and analyst consensus. Net loss narrowed to $21.2 million from $44.1 million, while Adjusted EBITDA was a loss of $8.3 million, better than guidance and an improvement from $19.0 million a year earlier, marking a third consecutive quarter of sequential Adjusted EBITDA gains. Cash, cash equivalents and restricted cash were $39.5 million, down from $57.6 million at January 31, 2026, with operating cash outflow of $28.0 million in the first half. Subsequent to quarter-end, the company extended the term of a $13.2 million senior secured loan by one year to April 2028. Gloo now expects third‑quarter 2026 revenue of $55 million and full‑year 2026 revenue of $200 million, and continues to expect Adjusted EBITDA profitability in the fourth quarter of 2026.

Positive

  • Revenue rose 188% year-over-year to $46.6 million in Q2 2026, exceeding guidance of $44.0 million and analyst consensus, indicating strong top-line momentum.
  • Profitability metrics improved meaningfully: net loss narrowed to $21.2 million from $44.1 million and Adjusted EBITDA loss improved to $8.3 million from $19.0 million, with three consecutive quarters of sequential Adjusted EBITDA gains and a target of Adjusted EBITDA profitability in Q4 2026.
  • Full-year outlook strengthened: the company raised fiscal 2026 revenue guidance to $200 million and guided Q3 2026 revenue to $55 million, up 69% from the prior-year period.
  • Debt maturity was extended: subsequent to quarter close, the company extended the term of a $13.2 million senior secured loan by one year to April 2028, providing additional flexibility in 2027.

Negative

  • Losses remain significant: Q2 2026 net loss was $21.2 million and Adjusted EBITDA remained negative at $8.3 million, with total operating expenses of $67.1 million exceeding revenue of $46.6 million.
  • Cash burn is material: net cash used in operating activities was $28.0 million for the first six months of 2026, and cash, cash equivalents and restricted cash declined from $57.6 million to $39.5 million over that period.

Filing Explained

The follow-on stock issuance increased Class A shares, creating potential ownership dilution; the results release remains furnished, not filed.

This Form 8-K furnishes Gloo’s second-quarter results under Item 2.02 and shows a follow-on Class A issuance that increased the reported Class A share count, affecting existing ownership percentages.

The company states that the Item 2.02 information and Exhibit 99.1 are furnished and are not deemed filed under Section 18.

The cash-flow statement reports $23,677 thousand of net proceeds from issuing Class A common stock in a follow-on offering, while the balance sheet reports 38,541,604 Class A shares issued and outstanding on July 31, 2026, versus 11,405,352 on January 31, 2026. Under the supplied dilution definition, issuing additional shares increases total share count and, absent offsetting changes, reduces an existing holder’s percentage ownership.

The capital structure also changed through Class B: issued shares were 51,816,158 on July 31 versus 69,465,772 on January 31, while outstanding shares were 51,517,323 versus 69,166,937.

The company says it expects to file its Form 10-Q for the July 31 quarter after this release; that report is the next source for the unaudited quarterly statements and related updates.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Q2 2026 Revenue $46.6 million Three months ended July 31, 2026; 188% growth year-over-year and above $44.0 million guidance
Q2 2026 Net loss $21.2 million Three months ended July 31, 2026; narrowed from $44.1 million a year earlier
Q2 2026 Adjusted EBITDA -$8.3 million Three months ended July 31, 2026; improved from -$19.0 million in Q2 2025
Q3 2026 Revenue Guidance $55 million Expected third-quarter 2026 revenue, 69% higher than prior-year period
Fiscal 2026 Revenue Guidance $200 million Raised full-year 2026 revenue outlook
Operating cash flow H1 2026 -$28.0 million Net cash used in operating activities for six months ended July 31, 2026
Cash, cash equivalents and restricted cash $39.5 million Balance at July 31, 2026, versus $57.6 million at January 31, 2026
Total revenue H1 2026 $88.1 million Six months ended July 31, 2026, versus $28.5 million in the prior-year period
Adjusted EBITDA financial
"Achieves third consecutive quarter of Adjusted EBITDA improvement, expects to achieve"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
faith and flourishing ecosystem other
"a leading technology platform for the faith and flourishing ecosystem, today announced"
equity-based compensation financial
"Equity-based compensation is defined as part of Adjusted EBITDA reconciliation"
Equity-based compensation is pay given to employees or contractors in the form of company ownership—such as stock, stock options, or restricted shares—instead of or in addition to cash. It matters to investors because it aligns workers’ interests with shareholders (like giving employees a slice of the company pie), but can also dilute existing owners and appears as a real cost on financial statements, affecting earnings and share value.
MW Call Option financial
"MW Call Option | | | | 12,540 | | | | | 12,858 |"
Redeemable NCI financial
"Redeemable NCI | | | | 3,764 | | | | | 3,559 |"
agentic workflows technical
"bringing the power of agentic workflows to organizations in areas like donor"
Agentic workflows are sequences of tasks where software 'agents' act on their own to move information, make routine decisions, and trigger actions across computer systems with minimal human hand-holding. For investors, they matter because they can cut labor and processing time much like replacing a row of manual cashiers with self‑serving kiosks, improving margins and speed but also introducing new operational, security and regulatory risks that can affect costs, reliability and compliance.
Revenue $46.6 million (Q2 2026); $88.1 million (six months) Q2 2026 revenue up 188% year-over-year; six-month revenue up from $28.5 million
Net loss $21.2 million (Q2 2026); $38.2 million (six months) Q2 net loss narrowed from $44.1 million; six-month net loss improved from $71.1 million
Adjusted EBITDA -$8.3 million (Q2 2026); -$19.8 million (six months) Improved from -$19.0 million in Q2 2025 and -$36.2 million in the prior-year six months
Guidance

Gloo expects Q3 2026 revenue of $55 million and Adjusted EBITDA of negative $3.5 million, and raised fiscal 2026 revenue guidance to $200 million while maintaining an expectation of achieving Adjusted EBITDA profitability in the fourth quarter of 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Gloo (GLOO) perform financially in Q2 2026?

Gloo reported Q2 2026 revenue of $46.6 million, up 188% year-over-year and above $44.0 million guidance. Net loss narrowed to $21.2 million from $44.1 million, and Adjusted EBITDA loss improved to $8.3 million from $19.0 million a year earlier.

What guidance did Gloo (GLOO) provide for Q3 2026 and fiscal year 2026?

Gloo expects Q3 2026 revenue of $55 million, a 69% increase from the prior-year period, and Adjusted EBITDA of negative $3.5 million. For fiscal 2026, it raised revenue guidance to $200 million and continues to expect Adjusted EBITDA profitability in Q4 2026.

What is Gloo’s current profitability profile and trend?

Gloo remains unprofitable, with Q2 2026 net loss of $21.2 million and Adjusted EBITDA loss of $8.3 million. However, net loss has narrowed versus $44.1 million a year ago, and Adjusted EBITDA has improved for three consecutive quarters.

What is Gloo’s cash position and cash burn as of July 31, 2026?

Cash, cash equivalents and restricted cash totaled $39.5 million at July 31, 2026, down from $57.6 million at January 31, 2026. Net cash used in operating activities was $28.0 million for the first six months of fiscal 2026.

How has Gloo’s balance sheet and debt changed recently?

Total assets were $271.1 million and total liabilities $111.5 million at July 31, 2026. Current and non-current debt totaled about $37.4 million, and a $13.2 million senior secured loan was subsequently extended by one year to April 2028.

What non-GAAP metric does Gloo emphasize and how is it defined?

Gloo emphasizes Adjusted EBITDA, defined as net loss adjusted for items including interest, taxes, depreciation and amortization, equity-based compensation, fair value changes of financial instruments, financing and restructuring costs, certain investment results, offering costs, and other specified non-core items.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false000206978500020697852026-09-092026-09-09

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 09, 2026

 

 

GLOO HOLDINGS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-42964

39-2250711

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

831 Pearl Street

 

Boulder, Colorado

 

80302

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (303) 381-2645

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Class A common stock, par value $0.001 per share

 

GLOO

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 2.02 Results of Operations and Financial Condition.

On September 9, 2026, Gloo Holdings, Inc. (the “Company”) issued a press release reporting its financial results for the three months and six months ended July 31, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto.

The information in Item 2.02 of this Current Report on Form 8-K, including the accompanying Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in Item 2.02 of this Current Report, including the accompanying Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language contained in such filing.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

Number

Description

99.1

Press Release dated September 9, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

GLOO HOLDINGS, INC.

 

 

 

 

Date:

September 9, 2026

By:

/s/ Paul Seamon

 

 

 

Paul Seamon
Chief Financial Officer

 

 


Exhibit 99.1

 

Gloo Holdings, Inc. Reports Second Quarter 2026 Financial Results

Q2 2026 revenue grows 188% year-over-year to $46.6 million, exceeding guidance and analyst consensus1

Continues to grow traction and trust with enterprise customers, with deeper cross selling across Gloo platform

Achieves third consecutive quarter of Adjusted EBITDA improvement, expects to achieve Adjusted EBITDA profitability in Q4 2026

 

BOULDER, Colo. – September 9, 2026 – Gloo Holdings, Inc. (Nasdaq: GLOO), a leading technology platform for the faith and flourishing ecosystem, today announced financial results for the quarter ended July 31, 2026. The company also gave third quarter revenue and Adjusted EBITDA guidance and raised fiscal year 2026 revenue guidance to $200 million.

“Our second quarter results show that our strategy is on track,” said Scott Beck, co-founder and CEO of Gloo. “Organizations in the faith and flourishing ecosystem want a partner who deeply understands their mission and their needs. More of these great organizations are trusting their business to Gloo and our Capital Partners every quarter. As these organizations transform millions of lives for good, we could not be more honored to serve them.”

Second Quarter Fiscal 2026 Financial Highlights

Total revenue for the second quarter was $46.6 million, representing 188% growth compared to the prior-year period, exceeding guidance of $44.0 million and again beating analyst consensus.
Net loss narrowed to $21.2 million, compared to a net loss of $44.1 million in the second quarter of fiscal 2025.
Adjusted EBITDA was negative $8.3 million, beating guidance of negative $8.5 million and analyst consensus of negative $8.6 million. This compares to negative $11.5 million in the first quarter of fiscal 2026, a sequential improvement of $3.2 million and the third consecutive quarter of sequential Adjusted EBITDA improvement.
Subsequent to quarter close, Gloo extended the term of its senior secured loan of $13.2 million by one year to April 2028, providing the company with additional flexibility in 2027.

“We’ve improved our financial performance every quarter as a public company, reflecting consistent execution and increasing operating leverage,” said Paul Seamon, CFO of Gloo. “Our full-year outlook more than doubles revenue from the prior year, with operating expenses expected to remain approximately flat in absolute dollars. This demonstrates that we can integrate new capabilities, support continued growth and advance toward profitability without building a proportionately larger cost base. We continue to expect to approach Adjusted EBITDA break-even in the third quarter and achieve Adjusted EBITDA profitability in the fourth quarter of fiscal 2026.”

Business Highlights

Growing Traction with Enterprise Customers

Faith and flourishing organizations are part of a large market growing at more than double the pace of annual US GDP. Gloo’s integrated platform is well matched to the needs of this historically fragmented and underserved market, combining the ability to power organizations’ technology with the ability to power their reach. Together, these capabilities address two persistent needs across the ecosystem: operating more effectively and expanding the ability to connect with, engage and serve more people.

Highlights include:

Gloo now has over 30 customers each generating $1M+ in annual contract value and, in the second quarter, the company reached an important milestone with its first customer exceeding $10M in annual contract value.
These relationships include large faith-aligned, social service and youth-serving organizations, demonstrating continued expansion beyond Gloo’s historic customer base.
Universities continue to emerge as a meaningful growth vertical, with over forty universities that Gloo is serving. This includes Indiana Wesleyan University, Jessup University, the University of Northwestern and Whitworth University. The company expects continued momentum in this segment throughout the rest of the year and beyond.

1 Consensus source: FactSet

 


Growing Trust and Cross Platform Engagement

Organizations in the faith and flourishing ecosystem are under increasing pressure to modernize technology, operate more efficiently, strengthen donor development and scale their missions. As customers see the value of the Gloo platform, organizations are increasingly adopting solutions across multiple Gloo business units and Gloo’s consolidated subsidiaries and equity method investments ("Capital Partners"), especially as Gloo continues to add new capabilities.

Highlights include:

A growing number of Gloo’s largest customers, including many $1M+ customers, have now adopted solutions from multiple Gloo Capital Partners. This cross-platform engagement expands the value Gloo can deliver to each organization and creates a foundation for durable, long-term revenue growth.
Since its public market debut, Gloo has announced five strategic acquisitions: XRI Global, Westfall Group, Enterprisemarketdesk, its remaining ownership stake in Midwestern Interactive, and Cedarstone. Each adds new capabilities as well as specialized expertise, customer relationships and reach that further strengthens Gloo’s integrated platform.
In the second quarter, Gloo completed its acquisition of Enterprisemarketdesk, a well-known Workday services partner, and announced plans to acquire the remaining stake of Midwestern, a prominent talent partner for the faith and flourishing ecosystem. The Midwestern transaction was completed in August 2026.
In August 2026, Gloo also announced and closed its acquisition of Cedarstone, an integrated business services firm that specializes in delivering finance and development outsourcing services.

Growing Value of AI

AI continues to be a significant tailwind, as Gloo expands its Applied AI capabilities and helps organizations deploy AI in practical, trusted ways across their operations. Gloo is bringing the power of agentic workflows to organizations in areas like donor engagement, project management, and help desk automation, giving customers better insights into their businesses, while reducing repetitive administrative work and allowing them to focus more on mission-aligned outcomes.

Highlights include:

On September 8, the company announced Gloo Code, a new agentic building capability within Gloo AI Studio. Gloo Code helps developers get more from their tokens by pairing purpose-built agents with the right model for each task.
The company also continues preparations for its fourth annual Gloo AI Hackathon, scheduled for October 6-8, 2026, in Boulder, Colorado. The event is expected to bring together hundreds of developers, engineers and mission-driven builders to create AI-powered solutions that advance human flourishing and accelerate Applied AI adoption across the ecosystem.

Fiscal Year 2026 Outlook

Gloo expects third-quarter revenue to be $55 million, representing an increase of 69% compared with the prior-year period. Adjusted EBITDA is expected to be negative $3.5 million for the third quarter of 2026, representing continued sequential improvement and in-line with the company’s expectation to approach break-even. For fiscal year 2026, Gloo is raising revenue guidance to $200 million.

The company remains confident in achieving Adjusted EBITDA profitability in the fourth quarter of 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 used to calculate this non-GAAP financial measure, particularly those related to interest expense, changes in the fair value of certain financial instruments, equity-based compensation, employee stock transactions and related tax effects.

Conference Call Information

Gloo will conduct a conference call with analysts and investors to discuss its second quarter 2026 financial results and current financial prospects on Wednesday, September 9, 2026 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, our expectations regarding future operating expenses, the impact of AI on the faith and flourishing sector and on our business and growth prospects, the anticipated benefits, capabilities or outcomes of our products and offerings, market share gains and the size and growth rate of our addressable market, our acquisition strategy and business initiatives, customer relationships and contracts, and our outlook for the third quarter and fiscal year 2026. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will,” “intend,” “estimate,” “may,” and similar expressions intended to identify forward-looking statements, regardless of whether such words explicitly appear in the statement itself. 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 July 31, 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.

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) financing and restructuring costs, (8) loss on extinguishment of debt, (9) income (loss) from equity method investments, net, (10) interest income, (11) offering related costs, (12) one-time employee tax credit, and (13) opening balance sheet adjustment subsequent to the measurement period, that are not reflective of Gloo's 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 July 31, 2026, which Gloo expects to file with the SEC following the date of this press release.

Contact: investor@gloo.us

 


Gloo Holdings, Inc.

Consolidated Balance Sheets

(unaudited)

 

 

July 31,

 

 

January 31,

 

 

 

2026

 

 

2026

 

 

 

(in thousands, except share and unit data)

 

ASSETS

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

 

39,282

 

 

$

 

57,307

 

Restricted cash

 

 

 

256

 

 

 

 

255

 

Accounts receivable, net of allowance for credit losses of $76 and $75, respectively

 

 

 

18,260

 

 

 

 

10,697

 

Inventory, net

 

 

 

1,102

 

 

 

 

1,397

 

Contract assets

 

 

 

726

 

 

 

 

1,259

 

Prepaid expenses and other current assets

 

 

 

7,827

 

 

 

 

4,689

 

Total current assets

 

 

 

67,453

 

 

 

 

75,604

 

Property and equipment, net

 

 

 

4,881

 

 

 

 

4,166

 

Capitalized software, net

 

 

 

32,113

 

 

 

 

30,078

 

ROU operating lease asset

 

 

 

7,339

 

 

 

 

8,705

 

Long-term investments

 

 

 

1,258

 

 

 

 

100

 

Other non-current assets

 

 

 

378

 

 

 

 

370

 

Intangible assets, net

 

 

 

38,392

 

 

 

 

37,283

 

Goodwill

 

 

 

119,320

 

 

 

 

107,353

 

Total assets

 

$

 

271,134

 

 

$

 

263,659

 

 

 

 

 

 

 

 

 

 

LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$

 

10,154

 

 

$

 

9,356

 

Accrued compensation

 

 

 

10,627

 

 

 

 

8,397

 

Accrued liabilities

 

 

 

6,737

 

 

 

 

6,414

 

Acquisition-related liabilities, current

 

 

 

2,292

 

 

 

 

2,056

 

Deferred revenue

 

 

 

18,072

 

 

 

 

14,581

 

Debt, current

 

 

 

5,121

 

 

 

 

5,812

 

Lease liabilities, current

 

 

 

1,948

 

 

 

 

1,925

 

Total current liabilities

 

 

 

54,951

 

 

 

 

48,541

 

Acquisition-related liabilities, non-current

 

 

 

709

 

 

 

 

1,346

 

Debt, non-current

 

 

 

32,295

 

 

 

 

29,485

 

Lease liabilities, non-current

 

 

 

5,700

 

 

 

 

7,076

 

Derivative liability

 

 

 

501

 

 

 

 

399

 

Deferred income taxes

 

 

 

2,937

 

 

 

 

4,353

 

MW Call Option

 

 

 

12,540

 

 

 

 

12,858

 

Other non-current liabilities

 

 

 

1,914

 

 

 

 

1,919

 

Total liabilities

 

 

 

111,547

 

 

 

 

105,977

 

 

 

 

 

 

 

 

 

 

Mezzanine Equity:

 

 

 

 

 

 

 

 

Redeemable NCI

 

 

 

3,764

 

 

 

 

3,559

 

Total mezzanine equity

 

 

 

3,764

 

 

 

 

3,559

 

 

 

 

 

 

 

 

 

 

Stockholders' Equity:

 

 

 

 

 

 

 

 

Class A, $0.001 par value, 5,000,000,000 shares authorized, and 38,541,604 issued and outstanding as of July 31, 2026 and 11,405,352 as of January 31, 2026

 

 

 

39

 

 

 

 

11

 

Class B, $0.001 par value, 100,000,000 shares authorized, 51,816,158 issued and 51,517,323 outstanding as of July 31, 2026 and 69,465,772 issued and 69,166,937 outstanding as of January 31, 2026

 

 

 

52

 

 

 

 

70

 

Treasury stock, at cost; 298,835 Class B shares as of July 31, 2026 and January 31, 2026

 

 

 

(3,771

)

 

 

 

(3,771

)

Additional paid-in capital

 

 

 

218,912

 

 

 

 

178,619

 

Accumulated deficit

 

 

 

(78,250

)

 

 

 

(40,119

)

Accumulated other comprehensive income

 

 

 

182

 

 

 

 

364

 

Equity attributable to stockholders'

 

 

 

137,164

 

 

 

 

135,174

 

Equity attributable to noncontrolling interests

 

 

 

18,659

 

 

 

 

18,949

 

Total stockholders' equity

 

 

 

155,823

 

 

 

 

154,123

 

Total liabilities, mezzanine equity, and stockholders' equity

 

$

 

271,134

 

 

$

 

263,659

 

 

 

 

 

 

 


Gloo Holdings, Inc.

Consolidated Statements of Operations

(unaudited)

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

(in thousands, except share, per share, unit, and per unit data)

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

Platform revenue

$

23,643

 

 

$

8,746

 

 

$

47,755

 

 

$

17,241

 

Platform solutions revenue

 

22,930

 

 

 

7,427

 

 

 

40,348

 

 

 

11,234

 

Total revenue

 

46,573

 

 

 

16,173

 

 

 

88,103

 

 

 

28,475

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue (exclusive of depreciation and amortization)

 

29,796

 

 

 

12,094

 

 

 

57,897

 

 

 

20,968

 

Product development

 

7,113

 

 

 

5,018

 

 

 

11,008

 

 

 

10,730

 

Sales and marketing

 

10,857

 

 

 

8,499

 

 

 

20,484

 

 

 

15,823

 

General and administrative

 

15,640

 

 

 

12,264

 

 

 

30,860

 

 

 

22,206

 

Depreciation and amortization

 

3,668

 

 

 

2,673

 

 

 

7,095

 

 

 

5,200

 

Total operating expenses

 

67,074

 

 

 

40,548

 

 

 

127,344

 

 

 

74,927

 

Operating loss

 

(20,501

)

 

 

(24,375

)

 

 

(39,241

)

 

 

(46,452

)

Other (income) expense:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

826

 

 

 

3,251

 

 

 

1,803

 

 

 

6,003

 

Other income, net

 

(226

)

 

 

(52

)

 

 

(1,297

)

 

 

(473

)

 (Gain) loss from change in fair value of financial instruments

 

534

 

 

 

8,246

 

 

 

(216

)

 

 

11,436

 

Loss on extinguishment of debt

 

 

 

 

7,473

 

 

 

 

 

 

7,473

 

Total other (income) expense, net

 

1,134

 

 

 

18,918

 

 

 

290

 

 

 

24,439

 

Net loss before income taxes

 

(21,635

)

 

 

(43,293

)

 

 

(39,531

)

 

 

(70,891

)

Income tax benefit (expense)

 

470

 

 

 

326

 

 

 

1,315

 

 

 

293

 

Income from equity method investments, net

 

 

 

 

(1,133

)

 

 

 

 

 

(460

)

Net loss

 

(21,165

)

 

 

(44,100

)

 

 

(38,216

)

 

 

(71,058

)

Less: net loss attributable to noncontrolling interests

 

142

 

 

 

(751

)

 

 

(85

)

 

 

(1,307

)

Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively

$

(21,307

)

 

$

(43,349

)

 

$

(38,131

)

 

$

(69,751

)

 

 

 

 

 

 

 

 

 

 

 

 

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

$

(0.25

)

 

$

(6.45

)

 

$

(0.47

)

 

$

(10.40

)

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

 

84,096,399

 

 

 

8,217,024

 

 

 

81,406,063

 

 

 

8,217,024

 

 

 

 

 

 

 

 

 

 

 


Gloo Holdings, Inc.

Consolidated Statements of Cash Flows

(unaudited)

Six Months Ended July 31,

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Operating activities:

 

 

 

 

 

 

 

Net loss

$

 

(38,216

)

 

$

 

(71,058

)

Adjustments to reconcile net loss attributable to common stockholders and members to net cash used in
operating activities:

 

 

 

 

 

 

 

Equity-based compensation expense

 

 

6,768

 

 

 

 

3,275

 

Depreciation and amortization

 

 

7,095

 

 

 

 

5,200

 

Amortization of deferred financing costs

 

 

359

 

 

 

 

1,247

 

Provision for expected credit losses

 

 

445

 

 

 

 

479

 

Lease expense

 

 

903

 

 

 

 

862

 

Deferred income taxes

 

 

(601

)

 

 

 

(360

)

(Gain) loss from change in fair value of financial instruments

 

 

(216

)

 

 

 

11,436

 

Loss from equity method investments, net

 

 

 

 

 

 

106

 

Loss on extinguishment of debt

 

 

 

 

 

 

7,473

 

Loss on sale/disposal of PPE

 

 

2

 

 

 

 

 

Inventory reserve

 

 

(169

)

 

 

 

 

Abandonment of capital software

 

 

190

 

 

 

 

 

Debt assumed through PIK interest

 

 

240

 

 

 

 

41

 

Changes in operating assets and liabilities, net of acquisitions:

 

 

 

 

 

 

 

Accounts receivable

 

 

(4,905

)

 

 

 

(1,385

)

Prepaid expenses and other current assets

 

 

(2,095

)

 

 

 

232

 

Other non-current assets

 

 

(817

)

 

 

 

(4,478

)

Accounts payable

 

 

440

 

 

 

 

4,281

 

Accrued expenses and other current liabilities

 

 

1,631

 

 

 

 

163

 

Deferred revenue

 

 

884

 

 

 

 

(1,134

)

Other non-current liabilities

 

 

103

 

 

 

 

(606

)

Net cash used in operating activities

 

 

(27,959

)

 

 

 

(44,226

)

Investing activities:

 

 

 

 

 

 

 

Purchases of property and equipment

 

 

(1,381

)

 

 

 

(520

)

Capitalized internal-use software costs

 

 

(5,886

)

 

 

 

(6,447

)

Purchase of investments

 

 

(100

)

 

 

 

 

Acquisitions, net of cash acquired

 

 

(3,021

)

 

 

 

(3,765

)

Net cash used in investing activities

 

 

(10,388

)

 

 

 

(10,732

)

Financing activities:

 

 

 

 

 

 

 

Payments on debt

 

 

(2,722

)

 

 

 

(24

)

Proceeds from debt

 

 

 

 

 

 

56,950

 

Payments of deferred financing costs

 

 

 

 

 

 

(73

)

Payment of acquisition related liabilities

 

 

(706

)

 

 

 

 

Proceeds from exercise of common stock and common unit options

 

 

88

 

 

 

 

64

 

Proceeds from Member Advances received

 

 

 

 

 

 

6,700

 

Proceeds from Series A Preferred Units issuance

 

 

 

 

 

 

600

 

Proceeds from issuance of Class A common stock upon follow on offering, net of underwriting discounts and commissions and other offering costs

 

 

23,677

 

 

 

 

 

Net cash provided by financing activities

 

 

20,337

 

 

 

 

64,217

 

Effect of exchange rate changes on cash and cash equivalents

 

 

(14

)

 

 

 

(260

)

Net decrease in cash, cash equivalents and restricted cash

 

 

(18,024

)

 

 

 

8,999

 

Cash, cash equivalents, and restricted cash

 

 

 

 

 

 

 

Beginning of period

 

 

57,562

 

 

 

 

13,844

 

End of period

$

 

39,538

 

 

$

 

22,843

 

Supplemental disclosures of cash flow information:

 

 

 

 

 

 

 

Cash paid for interest

$

 

1,043

 

 

$

 

2,750

 

Cash paid for taxes, net of refunds

 

 

55

 

 

 

 

 

Supplemental disclosure of non-cash investing and financing activity:

 

 

 

 

 

 

 

Conversion of accounts receivable to investments

 

 

1,058

 

 

 

 

 

Modification of operating leases

 

 

459

 

 

 

 

 

ROU assets obtained in acquisitions

 

 

 

 

 

 

2,206

 

ROU assets obtained in exchange for new lease liabilities

 

 

 

 

 

 

1,315

 

 

 


Gloo Holdings, Inc.

GAAP to Non-GAAP Reconciliation

(unaudited)

The following table provides a reconciliation of our non-GAAP financial measure to its most directly comparable GAAP financial measure for the periods presented:

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

2026

 

 

2025

 

 

2026

 

 

2025

 

(in thousands)

 

Net loss attributable to common stockholders and members

$

(21,307

)

 

$

(43,349

)

 

$

 

(38,131

)

 

$

 

(69,751

)

Net loss attributable to noncontrolling interests

 

142

 

 

 

(751

)

 

 

 

(85

)

 

 

 

(1,307

)

Net loss

 

(21,165

)

 

 

(44,100

)

 

 

 

(38,216

)

 

 

 

(71,058

)

Adjusted to exclude:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

826

 

 

 

3,251

 

 

 

 

1,803

 

 

 

 

6,003

 

Income tax (benefit) expense

 

(470

)

 

 

(326

)

 

 

 

(1,315

)

 

 

 

(293

)

Depreciation and amortization

 

3,668

 

 

 

2,673

 

 

 

 

7,095

 

 

 

 

5,200

 

Equity-based compensation

 

3,019

 

 

 

1,840

 

 

 

 

6,768

 

 

 

 

3,275

 

(Gain) loss from change in fair value of financial instruments

 

534

 

 

 

8,246

 

 

 

 

(216

)

 

 

 

11,436

 

Financing and restructuring costs

 

4,375

 

 

 

868

 

 

 

 

4,448

 

 

 

 

1,370

 

Loss from equity method investments, net

 

 

 

 

1,133

 

 

 

 

 

 

 

 

460

 

Interest income

 

(168

)

 

 

(72

)

 

 

 

(537

)

 

 

 

(133

)

Offering related costs

 

1,072

 

 

 

 

 

 

 

1,072

 

 

 

 

 

Loss on extinguishment of debt

 

 

 

 

7,473

 

 

 

 

 

 

 

 

7,473

 

One-time employee tax credit

 

 

 

 

 

 

 

 

(1,191

)

 

 

 

 

Opening balance sheet adjustment subsequent to the measurement period

 

 

 

 

 

 

 

 

471

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

18

 

Adjusted EBITDA

$

(8,309

)

 

$

(19,014

)

 

$

 

(19,818

)

 

$

 

(36,249

)

 

 


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