Highlights

  • Gloo increased quarterly revenue above its guidance as acquisitions, AI solutions and cross-selling supported the reported sales expansion.
  • The company narrowed its net loss and adjusted EBITDA loss compared with the corresponding quarter of last year.
  • Cash declined from January despite a July share offering, while Gloo later extended a senior secured loan maturity.
  • Gloo raised its annual revenue outlook and reported larger customer contracts, although acquisitions remain important to its growth profile.

Rapid sales growth at Gloo Holdings, Inc. (NASDAQ:GLOO) has narrowed losses without yet producing a reported quarterly profit. Revenue for the period ended 31 July 2026 rose 188% to USD 46.6 million, ahead of the company’s USD 44.0 million guidance. The faith-focused software and AI platform attributed growth to AI solutions, acquisitions and cross-selling, while its cash balance declined.

Acquisitions Support the Revenue Increase

Results published on 9 September compared quarterly revenue with USD 16.2 million a year earlier. Six-month revenue reached USD 88.1 million. The company had made five acquisitions since listing, making acquired operations an important part of the growth picture.

The supplied material does not separate organic growth from acquisition contributions. The 188% headline increase therefore should not be described as wholly generated by the pre-existing business.

Gloo sells Workspace, a subscription suite of AI-powered tools for churches, and Gloo 360, a platform for network capability providers. Its customers include churches, ministries and faith-based nonprofits.

Losses Narrow on Both Measures

The quarterly net loss declined to USD 21.2 million from USD 44.1 million. Adjusted EBITDA was a loss of USD 8.3 million, compared with losses of USD 19.0 million a year earlier and USD 11.5 million in the first quarter.

That shows improvement in both the net result and the supplemental measure, but neither was positive. The net loss also remained larger than the adjusted EBITDA loss, reflecting the distinction between those measures.

Cash Falls as Financing Activity Continues

Cash and equivalents totalled USD 39.3 million at 31 July, down from USD 57.3 million at 31 January. The period included a Class A common stock offering that priced and closed in July.

After quarter-end, Gloo extended a USD 13.2 million senior secured loan by one year to April 2028. The maturity extension is a completed financing development, distinct from the company’s future revenue and profitability targets.

Recent acquisition activity included completion of the remaining stake purchase in Midwestern Interactive on 11 August. An agreement to acquire Cedarstone, a financial and business outsourcing firm, was announced on 5 August. The source does not establish completion of the latter transaction.

Revenue Guidance Sets the Next Scale Target

Management forecast third-quarter revenue of USD 55 million, approximately 69% higher year-over-year. The supplied document records a raised full-year revenue outlook of USD 200 million, from USD 195 million.

It also contains inconsistent descriptions of third-quarter adjusted EBITDA expectations. The competing statements cannot establish one reliable quarterly profitability target, so no such figure is presented as settled guidance.

Gloo reported more than 30 customers with annual contract values of at least USD 1 million and its first above USD 10 million. It said it served over 140,000 faith, ministry and nonprofit leaders.

The company launched the agentic coding product Gloo Code on 8 September and announced winners of a USD 200,000 AI hackathon on 9 October. Neither item contained a quantified revenue contribution. No confirmed date for the next quarterly results appears in the material.