How close is Gloo Holdings (GLOO) to its fourth-quarter profitability target?

Sonal Goyal

28 October 2026 05:40 PM AEDT

How close is Gloo Holdings (GLOO) to its fourth-quarter profitability target?

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Key Highlights

Gloo's second-quarter fiscal 2026 Revenue was $46.6 million, up 188% from $16.2 million.
The net loss narrowed to $21.2 million from $44.1 million, and adjusted EBITDA loss was $8.3 million.
Management guided to third-quarter revenue of about $55 million and expects adjusted EBITDA profitability in the fourth quarter.

Latest reported quarter

Gloo Holdings, Inc. (NASDAQ:GLOO) reported results for its second quarter of fiscal 2026, the quarter ended 31 July 2026, on 9 September 2026. The company's fiscal year ends on 31 January.

Revenue was $46.6 million, up 188% from $16.2 million in the same quarter a year earlier. Based on revenue less cost of revenue of $29.8 million, gross Margin is about 36.0%, compared with about 25.2% a year earlier.

Losses narrow

The net loss was $21.2 million, against $44.1 million in the second quarter of the prior year. Adjusted EBITDA, a non-GAAP measure, was a loss of $8.3 million, improved from a loss of $19.0 million a year earlier and $11.5 million in the first quarter. The six-month adjusted EBITDA loss was $19.8 million.

Cash and cash equivalents were $39.3 million at 31 July 2026, down from $57.3 million at 31 January 2026, and operating cash outflow for the six months was $28.0 million. A $13.2 million senior secured Loan was extended by one year, to April 2028, as a subsequent event.

Guidance to measure against

Management guided to third-quarter revenue of about $55 million, up 69% year on year, and adjusted EBITDA of about negative $3.5 million. It raised its full-year revenue forecast to $200 million and said adjusted EBITDA should approach break-even in the third quarter and reach profitability in the fourth quarter of 2026.

These are forecasts, not results. Six-month revenue was $88.1 million, up from $28.5 million. Reaching $200 million therefore requires about $111.9 million in the second half, which would leave roughly $56.9 million for the fourth quarter after a $55 million third quarter.

Because the fiscal year ends on 31 January, the third quarter ends on 31 October 2026, within days of this article. The company has therefore nearly completed the period for which it gave its most specific profit guidance, although results have yet to be reported.

Customers and share count

The company reported more than 30 customers with annual contract value of at least $1 million and its first customer above $10 million. It also said it served more than 40 universities and more than 140,000 faith, ministry and nonprofit leaders. The company describes itself as a technology platform serving the faith and flourishing ecosystem, based in Boulder, Colorado. These figures indicate customer breadth, although they do not by themselves show profitability or the durability of contracts.

Class A shares outstanding were 38,541,604 at 31 July 2026. The company listed in November 2025.

What to watch

The next results date has not been confirmed. Key markers will be third-quarter revenue against the $55 million guide, the adjusted EBITDA path towards the fourth-quarter profitability target, the cash balance after $28.0 million of six-month operating outflow, and any refinancing of the secured loan.

FAQs

Q: What was Gloo's second-quarter fiscal 2026 revenue?

A: Revenue was $46.6 million, up 188% from $16.2 million a year earlier. The net loss narrowed to $21.2 million from $44.1 million.

Q: What is Gloo's profitability target?

A: Management said adjusted EBITDA should approach break-even in the third quarter and reach profitability in the fourth quarter of 2026.

Q: What is Gloo's cash position?

A: Cash and cash equivalents were $39.3 million at 31 July 2026, down from $57.3 million at 31 January 2026. Operating cash outflow for the six months was $28.0 million.

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