Gloo Holdings (GLOO) Q2 2026 Financial Results Summary
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Gloo Holdings, Inc. (GLOO) Q2 2026: Revenue Soars 188% YoY — Strong Momentum Ahead
Gloo Holdings, Inc. (Nasdaq: GLOO) reported a remarkable second quarter for fiscal year 2026, with total revenue reaching $46.6 million, representing a 188% increase compared to the same quarter last year. This performance not only exceeded the company's guidance of $44.0 million but also surpassed analyst consensus expectations.
This quarter's results are undoubtedly positive for shareholders, showcasing Gloo's effective strategy and growing traction within its target market. The significant revenue growth indicates strong demand for Gloo's technology platform, which serves the faith and flourishing ecosystem. The company is on a clear path toward profitability, with expectations to achieve Adjusted EBITDA profitability by the fourth quarter of 2026.
Key Financial Metrics:
- Total Revenue: $46.6 million, up $30.0 million or 188% YoY
- Net Loss: Narrowed to $21.2 million, compared to a net loss of $44.1 million in Q2 2025
- Adjusted EBITDA: Negative $8.3 million, an improvement from negative $11.5 million in Q1 2026 and better than guidance of negative $8.5 million
- Fiscal Year 2026 Revenue Guidance: Raised to $200 million
Shareholder Impact
The quarter's results are encouraging for shareholders, as Gloo demonstrates its ability to significantly increase revenue while narrowing losses. The company has achieved its third consecutive quarter of Adjusted EBITDA improvement, which is a positive indicator of operational efficiency and financial health. The narrowing of the net loss from $44.1 million to $21.2 million reflects improved cost management and revenue generation capabilities.
Moreover, Gloo's strategic focus on enterprise customers is paying off, with over 30 customers now generating more than $1 million in annual contract value. This includes a notable milestone of having its first customer exceed $10 million in annual contract value, highlighting the growing trust and engagement with larger organizations.
Operational Highlights
- Gloo has extended the term of its senior secured loan of $13.2 million by one year to April 2028, providing additional financial flexibility.
- The company is actively expanding its customer base, particularly in the university sector, with over forty universities currently served.
- Gloo's recent acquisitions, including Enterprisemarketdesk and Cedarstone, are expected to enhance its service offerings and operational capabilities.
Future Outlook
Looking ahead, Gloo expects third-quarter revenue to be $55 million, representing a 69% increase compared to the prior-year period. The company anticipates Adjusted EBITDA to improve further, projecting a loss of $3.5 million for Q3 2026, which aligns with its goal of approaching break-even.
Investors should closely monitor Gloo's progress toward achieving Adjusted EBITDA profitability in Q4 2026, as well as the impact of its strategic acquisitions and customer expansion efforts. The upcoming Gloo AI Hackathon scheduled for October 6-8, 2026, is also a key event to watch, as it may drive innovation and further enhance Gloo's AI capabilities.
In summary, Gloo Holdings, Inc. has delivered a strong performance in Q2 2026, with significant revenue growth and a clear path toward profitability. The company's strategic initiatives and expanding customer base position it well for continued success in the coming quarters.
Note: The following tables present amounts in thousands.
| Three Months Ended July 31, | Six Months Ended July 31, | |
|---|---|---|
| Revenue | $23,685 | $8,746 |
| Total Revenue | $46,592 | $16,169 |
| Operating Expenses | ||
| Cost of Revenue | (29,783) | (12,012) |
| Gross Profit | 7,113 | 5,018 |
| Selling and Marketing Expenses | (10,877) | (8,499) |
| General and Administrative Expenses | (15,614) | (12,236) |
| Depreciation and Amortization | (3,668) | (2,673) |
| Total Operating Expenses | (67,065) | (40,499) |
| Operating Loss | (20,473) | (24,330) |
| Other Income (Expense) | ||
| Interest Expense | 826 | 3,251 |
| Other Income | (226) | (52) |
| Net Loss from Change in Fair Value of Financial Instruments | 534 | 8,246 |
| Loss on Extinguishment of Debt | — | 7,473 |
| Total Other Expense | (1,134) | (18,948) |
| Net Loss Before Income Tax | (21,607) | (43,278) |
| Income Tax Benefit | 470 | 326 |
| Net Loss | (21,137) | (44,111) |
| Less: Net Loss Attributable to Noncontrolling Interests | 142 | (751) |
| Net Loss Attributable to Stockholders of Gloo Holdings, Inc. | (21,137) | (44,111) |
| Net Loss Per Share Attributable to Common Stockholders | $(0.25) | $(6.45) |
| Weighted-average shares used to compute net loss per share, basic | 84,015 | 8,218 |
Note: The following table presents amounts in thousands.
| July 31, 2026 | January 31, 2026 | |
|---|---|---|
| Cash and cash equivalents | $39,282 | $57,307 |
| Restricted cash | $256 | $255 |
| Accounts receivable, net of allowance for credit losses | $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 |
| 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 |
| Other non-current liabilities | $1,914 | $1,919 |
| Total liabilities | $111,547 | $105,977 |
| Mezzanine | $3,764 | $3,559 |
| 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 |
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