Gloo Holdings (GLOO) Q3 2025 Financial Results Summary
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Gloo Holdings, Inc. (GLOO) Q3 2025 Financial Results Summary
Release Date: December 17, 2025
Gloo Holdings, Inc. (Nasdaq: GLOO) reported its financial results for the third quarter ended October 31, 2025. The following is a summary of key financial highlights and recent events for the quarter.
Financial Highlights
- Total Revenue: $32.6 million, up 432% year over year (increase of $26.4 million from Q3 2024).
- Platform Revenue: $19.8 million, up 226% year over year (increase of $13.7 million from Q3 2024).
- Platform Solutions Revenue: $12.7 million, a rise of $12.7 million compared to the same period last year.
- Debt Conversion: Successfully converted $143.1 million of debt at the time of the IPO in Q4 2024.
- Net Loss: $39.0 million, compared to $13.6 million in the prior year period (an increase of 186%).
- Non-GAAP Net Loss: $26.7 million, an increase from Q3 2024.
- Adjusted EBITDA: Negative $19.2 million, better than consensus estimates of negative $23.0 million, but worse compared to negative $10.2 million in Q3 2024.
Business Highlights
- Strategic Acquisitions:
- Westfall Gold: Acquisition to enhance capabilities in donor development.
- XRI Global: Completed acquisition specializing in advanced voice and multilingual technologies.
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Igniter: Acquired a media innovator serving churches, enhancing Gloo’s digital infrastructure and media library.
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Customer Growth: Secured over 20 customers expected to contribute more than $1 million each in annual contract value; aims to accelerate this in 2026.
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Major Contracts: Signed a multi-year engagement with American Bible Society to modernize their technology infrastructure.
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AI Initiatives: Launched the Flourishing AI Christian (FAI-C) Benchmark to promote values-aligned AI adoption and hosted a hackathon for developing Kingdom-aligned AI solutions.
Outlook for 2025
- Q4 Revenue Guidance: Expected revenue between $28 million and $30 million, which represents more than tripling year-over-year growth.
- Adjusted EBITDA Guidance: Expected to be between negative $19.5 million and negative $18.5 million.
- 2026 Revenue Expectations: Revenue is anticipated to exceed $180 million, including contributions from recent acquisitions.
Additional Notes
- Gloo did not declare a quarterly dividend for this period, and details regarding share repurchase programs were not noted in this report.
- The company indicated discipline in capital allocation to drive future profitability and enhance stockholder value.
Gloo continues to focus on building its platform while strategically expanding its capabilities and customer base, with an aim to achieve profitability in fiscal year 2026.
Conference Call Information
Gloo will conduct a conference call to discuss the financial results and future outlook at 5 p.m. ET on the release date. Interested parties can access the call via a live webcast.
For further details, refer to the complete financial statements and operational results availed post-reporting on the Gloo Holdings investor relations website.
Gloo Holdings, LLC Condensed Consolidated Statements of Operations (in thousands, except unit and per unit data)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| October 31, 2025 | October 31, 2024 | October 31, 2025 | October 31, 2024 | |
| Platform revenue | $19,824 | $6,087 | $37,065 | $16,550 |
| Platform solutions revenue | 12,728 | 36 | 23,962 | 157 |
| Other revenue | — | — | — | 13 |
| Total revenue | 32,552 | 6,123 | 61,027 | 16,720 |
| Operating expenses: | ||||
| Cost of revenue (exclusive of depreciation and amortization) | 24,847 | 4,938 | 45,815 | 14,332 |
| Product development | 6,136 | 3,852 | 16,866 | 9,957 |
| Sales and marketing | 8,144 | 5,317 | 23,967 | 16,141 |
| General and administrative | 17,272 | 2,779 | 39,478 | 10,314 |
| Depreciation and amortization | 2,846 | 1,949 | 8,046 | 5,560 |
| Total operating expenses | 59,245 | 18,835 | 134,172 | 56,304 |
| Operating loss | (26,693) | (12,712) | (73,145) | (39,584) |
| Other expense (income): | ||||
| Interest expense | 6,390 | 1,779 | 12,393 | 2,854 |
| Other expense (income), net | (210) | (343) | (330) | (537) |
| Loss (gain) from change in fair value of financial instruments | 9,067 | (538) | 20,503 | (758) |
| Loss on extinguishment of debt | — | — | 7,473 | — |
| Total other expense, net | 15,247 | 898 | 40,039 | 1,559 |
| Loss before income taxes | (41,940) | (13,610) | (113,184) | (41,143) |
| Income tax benefit | 25 | 148 | 318 | 560 |
| Income (loss) from equity method investments, net | 2,888 | (164) | 2,782 | (437) |
| Net loss | (39,027) | (13,626) | (110,084) | (41,020) |
| Less: net loss attributable to noncontrolling interests | (978) | — | (2,285) | — |
| Net loss attributable to members of Gloo Holdings, LLC | (38,049) | (13,626) | (107,799) | (41,020) |
| Net loss per unit available to members of Gloo Holdings, LLC, basic and diluted | (6.08) | (2.41) | (15.98) | (7.34) |
| Weighted-average common units used to compute net loss per unit available to members of Gloo Holdings, LLC, basic and diluted | 8,282,512 | 7,769,167 | 8,239,088 | 7,643,420 |
Gloo Holdings, LLC Condensed Consolidated Balance Sheets (in thousands, except unit data)
| October 31, 2025 | January 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $15,134 | $13,592 |
| Restricted cash | 255 | 252 |
| Accounts receivable, net of allowance for credit losses of $9 and $68, respectively | 8,005 | 623 |
| Inventory | 1,303 | 1,460 |
| Contract assets | 5,004 | — |
| Prepaid expenses and other current assets | 9,336 | 2,388 |
| Total current assets | 39,037 | 18,315 |
| Property and equipment, net | 3,650 | 2,303 |
| Capitalized software, net | 28,768 | 23,578 |
| ROU operating lease asset | 8,041 | 3,835 |
| Long-term investments | 100 | 33,252 |
| Other non-current assets | 1,372 | 209 |
| Intangible assets, net | 31,971 | 11,431 |
| Goodwill | 93,761 | 27,901 |
| Total assets | $206,700 | $120,824 |
| LIABILITIES, MEZZANINE EQUITY, AND MEMBERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $9,289 | $3,613 |
| Accrued compensation | 6,852 | 4,538 |
| Accrued liabilities | 11,530 | 3,521 |
| Acquisition-related liabilities, current | 2,039 | 1,350 |
| Deferred revenue | 8,889 | 3,725 |
| Debt, current | 7,231 | 3,177 |
| Lease liabilities, current | 1,582 | 685 |
| Total current liabilities | 47,412 | 20,609 |
| Acquisition-related liabilities, non-current | 723 | 100 |
| Debt, non-current | 162,653 | 66,959 |
| Lease liabilities, non-current | 6,728 | 3,095 |
| Derivative liability | 33,673 | 832 |
| Deferred income taxes | 2,839 | 1,911 |
| Other non-current liabilities | 10,801 | 13,426 |
| Total liabilities | $264,829 | $106,932 |
| Mezzanine Equity: | ||
| Series A Preferred Units (no par value; 39,250,615 authorized as of October 31, 2025 and January 31, 2025; 38,523,781 and 37,532,207 units issued and outstanding as of October 31, 2025 and January 31, 2025, respectively; and aggregate liquidation preference of $461.9 million and $432.7 million as of October 31, 2025 and January 31, 2025, respectively) | 364,411 | 351,887 |
| Redeemable noncontrolling interests | 3,233 | — |
| Total mezzanine equity | 367,644 | 351,887 |
| Members’ Deficit: | ||
| Common member units (no par value; 13,217,025 units authorized as of October 31, 2025 and January 31, 2025, respectively; and 8,345,221 and 8,201,191 units issued and outstanding as of October 31, 2025 and January 31, 2025, respectively) | — | — |
| Additional paid-in capital | 31,555 | 23,591 |
| Accumulated deficit | (476,112) | (368,312) |
| Accumulated other comprehensive income | 189 | — |
| Deficit attributable to members of Gloo Holdings, LLC | (444,368) | (344,721) |
| Equity attributable to noncontrolling interests | 18,594 | 6,726 |
| Total members’ deficit | (425,774) | (337,995) |
| Total liabilities, mezzanine equity, and members’ deficit | $206,700 | $120,824 |