Achieves Q4 2025 Revenue of $33.6 million, exceeding guidance and analyst consensus
Raises fiscal year 2026 Revenue guidance to $190 million
Expects more than 30% sequential improvement in Adjusted EBITDA from Q4 25 to Q1 26
Accelerates progress toward Adjusted EBITDA profitability
Gloo Holdings, Inc. (Nasdaq: GLOO), a leading technology platform for the faith and flourishing ecosystem, today announced financial results for the quarter and year ended January 31, 2026. The company reaffirmed first quarter guidance and Adjusted EBITDA guidance and raised fiscal year 2026 revenue guidance to $190 million.
“We closed fiscal 2025 with a strong quarter that exceeded both our revenue guidance and analyst expectations. These results are particularly meaningful as they reflect our progress towards Adjusted EBITDA profitability and how AI is accelerating our momentum,” said Scott Beck, CEO of Gloo. “AI can unlock enormous possibilities for ministries, network capability providers and churches to grow their reach and impact, but only if they have access to the right tools. We believe that our focus on applied AI and bringing agentic workflows to the faith and flourishing sector uniquely positions us to capture that opportunity, while advancing our purpose of serving those who serve.”
Fourth Quarter and Fiscal 2025 Financial Highlights
- Raised proceeds of $72.3 million, net of underwriting fees and discounts, in conjunction with the company’s initial public offering (IPO), completed in the fourth quarter of 2025. Additionally, converted $143.1 million of debt and related accrued interest amounts to equity in conjunction with the company’s IPO, significantly strengthening the company's balance sheet.
-
Total revenue for the fourth quarter was $33.6 million, representing 418% growth, compared to the prior year period, beating quarterly consensus of $31.6 million. Total revenue for fiscal 2025 was $94.7 million, representing 308% growth compared to fiscal 2024.
- Platform revenue for the fourth quarter and fiscal 2025 totaled $20.1 million and $57.2 million, up 219% and 150%, respectively, compared to the prior year periods.
- Platform solutions revenue for the fourth quarter and fiscal 2025 totaled $13.5 million and $37.5 million, up $13.3 million and $37.1 million, respectively, compared to prior year periods.
-
Net loss of $48.6 million and $158.7 million, for the fourth quarter and fiscal 2025, respectively. This compares to net loss of $44.8 million and $85.8 million for the fourth quarter and fiscal 2024, respectively.
- There were meaningful non-cash charges in the fourth quarter. Adjusting for these, non-GAAP net loss attributable to stockholders of Gloo Holdings, Inc. was $39.4 million for the fourth quarter of 2025. This compares to non-GAAP net loss attributable to members of Gloo Holdings, LLC of $50.4 million for the fourth quarter of 2024.
- Adjusted EBITDA was negative $18.6 million for the fourth quarter, beating consensus estimates of negative $18.7 million. This is on the better end of the company’s guidance range of negative $19.0 million to negative $18.5 million.
“Last quarter, we said we expected to end 2025 on a positive note, and our results confirm exactly that, reflecting strong execution and financial discipline. We achieved impressive year-over-year growth, and Q4 2025 revenue that exceeded both our guidance and analyst consensus, and Adjusted EBITDA at the better end of our range,” said Paul Seamon, CFO of Gloo. “Looking ahead, our Q1 2026 guidance and sequential improvement in Adjusted EBITDA keeps us firmly on track for delivering Adjusted EBITDA profitability by Q4 2026.”
Business Highlights
Advancing Leadership in Applied AI
Gloo is advancing leadership in applied AI by leveraging the latest innovations in agentic AI, foundational models and services from top AI companies, combining them with Gloo platform capabilities. As part of this strategy, Gloo takes on and modernizes customer technology and operations, applying agentic AI to deliver better outcomes at lower cost for customers, with strong margins and highly durable revenue streams for Gloo.
- As co-host of the Missional AI Conference, previewed two new projects, including a faith-based adversarial evaluator as part of its FAI Initiative and a Language Integration Protocol (LIP) project to standardize AI training in new languages.
- Published the peer-reviewed Flourishing AI Christian (FAIC) Benchmark report, outlining the methodology and research behind how AI outputs measure to a Christian worldview.
- Launched Gloo AI Studio in March, providing a production-grade AI development platform to faith-based and mission-driven developers.
Strategic Acquisitions
The company continues to execute on its strategic acquisition strategy, further increasing the value and reach of the Gloo platform.
- Announced a definitive agreement to acquire Enterprisemarketdesk (EMD), an established Workday Services Partner that provides consulting, implementation and support services to nonprofit, small and mid-market organizations. This expands Gloo’s enterprise technology capabilities and strengthens the Gloo 360 value proposition as the technology infrastructure management service of choice for the faith and flourishing ecosystem.
- Successful completion of Westfall Group acquisition, a leading platform for major donor engagement in the faith and flourishing ecosystem, expanding Gloo’s capabilities in donor development and strengthening synergies with Masterworks, which was acquired in 2025.
Customer Momentum
Gloo continued to close deals in the fourth quarter of fiscal 2025 at over $1 million in annual contract value. Key examples include new agreements with InterVarsity and Jessup University.
- Announced new strategic technology partnership with InterVarsity Christian Fellowship/USA, deploying Gloo 360 to power their enterprise technology operations. This enables InterVarsity to spend less time managing systems and more time engaging students and faculty across 700+ U.S. campuses.
- Partnered with Jessup University to modernize its operational and technology foundation, creating the capacity to invest directly in student success initiatives while strengthening marketing, enrollment growth, and retention outcomes.
- We also expanded our partnership with YouVersion in Brazil, establishing a co-located engineering presence alongside their Regional Hub to strengthen cultural alignment with their team while building engineering capacity in the region.
Fiscal Year 2026 Outlook
Gloo is reaffirming revenue guidance for its first quarter to be $36 million, which represents a nearly tripling of revenue growth over the prior year period. For fiscal year 2026, Gloo is raising guidance to $190 million, which represents a more than doubling over the prior year period. Adjusted EBITDA is expected to be negative $12 million for the first quarter of 2026 which is more than 30% sequential improvement in Adjusted EBITDA from Q4 25 to Q1 26. The company continues to expect to approach Adjusted EBITDA breakeven in third quarter 2026, and remains confident in achieving Adjusted EBITDA profitability in fourth quarter 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 that are used to calculate this non-GAAP financial measure, particularly related to interest expense and changes in fair value of certain financial instruments, as well as equity-based compensation and employee stock transactions and related tax effects.
Conference Call Information
Gloo will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2025 financial results and current financial prospects today 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, the impact of AI on the faith and flourishing sector and on our business and growth prospects, market share gains, our acquisition strategy and business initiatives, and our outlook for the fourth quarter and fiscal year of 2025. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. 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 Prospectus dated November 18, 2025, filed with the Securities and Exchange Commission (the “SEC”) on November 19, 2025, 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 October 31, 2025, filed with the SEC on December 23, 2025, and our annual report on Form 10-K, which we expect to file with the SEC on or around 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, non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, basic and diluted.
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) restructuring costs, (8) transaction related bonuses, (9) loss on extinguishment of debt, (10) income (loss) from equity method investments, net, (11) interest income, (12) IPO-related costs, and (13) one-time employee tax credit, that are not reflective of Gloo's core operating results.
Gloo also presents non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, because it believes that these measures may similarly 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. Management also believes that these measures are commonly used by securities analysts, investors and other interested parties in the evaluation of the Company's performance.
Non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, and non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC, are defined as net loss attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and members of Gloo Holdings, LLC and net loss per unit available to members of Gloo Holdings, LLC respectively, adjusted to exclude the impact of (1) loss (gain) from change in fair value of financial instruments, (2) loss on extinguishment of debt, (3) other non-routine items, such as IPO related costs, and (4) the income tax expense (benefit) impact of other adjustments, if any. Non-GAAP net loss per unit available to members of Gloo Holdings, LLC, basic and diluted, includes adjustments made to (U.S. GAAP) net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively. The Company has made these non-GAAP adjustments because it believes that these charges are not reflective of its 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, which Gloo expects to file with the SEC on or around the date of this press release.
Gloo Holdings, Inc. Consolidated Balance Sheets (unaudited) |
|||||||
|
January 31, |
||||||
|
2026 |
2025 |
|||||
|
(in thousands, except share and unit data) |
||||||
ASSETS |
|
|
|
|
|||
Current assets: |
|
|
|
|
|||
Cash and cash equivalents |
$ |
57,307 |
|
$ |
13,592 |
|
|
Restricted cash |
|
255 |
|
|
252 |
|
|
Accounts receivable, net of allowance for credit losses of $75 and $68, respectively |
|
10,697 |
|
|
623 |
|
|
Inventory, net |
|
1,397 |
|
|
1,460 |
|
|
Contract assets |
|
1,259 |
|
|
— |
|
|
Prepaid expenses and other current assets |
|
4,689 |
|
|
2,388 |
|
|
Total current assets |
|
75,604 |
|
|
18,315 |
|
|
Property and equipment, net |
|
4,166 |
|
|
2,303 |
|
|
Capitalized software, net |
|
30,078 |
|
|
23,578 |
|
|
ROU operating lease asset |
|
8,705 |
|
|
3,835 |
|
|
Long-term investments |
|
100 |
|
|
33,252 |
|
|
Other non-current assets |
|
370 |
|
|
209 |
|
|
Intangible assets, net |
|
37,283 |
|
|
11,431 |
|
|
Goodwill |
|
107,353 |
|
|
27,901 |
|
|
Total assets |
$ |
263,659 |
|
$ |
120,824 |
|
|
|
|
|
|
|
|||
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' AND MEMBERS’ DEFICIT |
|
|
|
|
|||
Current liabilities: |
|
|
|
|
|||
Accounts payable |
$ |
9,356 |
|
$ |
3,613 |
|
|
Accrued compensation |
|
8,397 |
|
|
4,538 |
|
|
Accrued liabilities |
|
6,414 |
|
|
3,521 |
|
|
Acquisition-related liabilities, current |
|
2,056 |
|
|
1,350 |
|
|
Deferred revenue |
|
14,581 |
|
|
3,725 |
|
|
Debt, current |
|
5,812 |
|
|
3,177 |
|
|
Lease liabilities, current |
|
1,925 |
|
|
685 |
|
|
Total current liabilities |
|
48,541 |
|
|
20,609 |
|
|
Acquisition-related liabilities, non-current |
|
1,346 |
|
|
100 |
|
|
Debt, non-current |
|
29,485 |
|
|
66,959 |
|
|
Lease liabilities, non-current |
|
7,076 |
|
|
3,095 |
|
|
Derivative liability |
|
399 |
|
|
832 |
|
|
Deferred income taxes |
|
4,353 |
|
|
1,911 |
|
|
MW Call Option |
|
12,858 |
|
|
8,793 |
|
|
Other non-current liabilities |
|
1,919 |
|
|
4,633 |
|
|
Total liabilities |
|
105,977 |
|
|
106,932 |
|
|
|
|
|
|
|
|||
Mezzanine Equity: |
|
|
|
|
|||
Series A Preferred Units, no par value; no units authorized, issued or outstanding, with zero liquidation preference as of January 31, 2026; and 39,250,615 authorized, 37,809,982 units issued, and 37,532,207 units outstanding, with an aggregate liquidation preference of $432.7 million as of January 31, 2025 |
|
— |
|
|
351,887 |
|
|
Redeemable NCI |
|
3,559 |
|
|
— |
|
|
Total mezzanine equity |
|
3,559 |
|
|
351,887 |
|
|
|
|
|
|
|
|||
Stockholders' and Members’ Equity: |
|
|
|
|
|||
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, and no shares issued or outstanding as of January 31, 2026 |
|
— |
|
|
— |
|
|
Common member units, no par value; no units authorized, issued or outstanding as of January 31, 2026; and 13,217,025 units authorized and 8,201,191 units issued and outstanding as of January 31, 2025 |
|
— |
|
|
— |
|
|
Class A, $0.001 par value, 5,000,000,000 shares authorized, and 11,405,352 issued and outstanding as of January 31, 2026 |
|
11 |
|
|
— |
|
|
Class B, $0.001 par value, 100,000,000 shares authorized, 69,465,772 issued and 69,166,937 outstanding as of January 31, 2026 |
|
70 |
|
|
— |
|
|
Treasury stock, at cost; 298,835 shares as of January 31, 2026; and no shares as of January 31, 2025 |
|
(3,771 |
) |
|
— |
|
|
Additional paid-in capital |
|
178,619 |
|
|
23,591 |
|
|
Accumulated deficit |
|
(40,119 |
) |
|
(368,312 |
) |
|
Accumulated other comprehensive income |
|
364 |
|
|
— |
|
|
Equity attributable to stockholders' and members’ |
|
135,174 |
|
|
(344,721 |
) |
|
Equity attributable to noncontrolling interests |
|
18,949 |
|
|
6,726 |
|
|
Total stockholders' and members’ equity |
|
154,123 |
|
|
(337,995 |
) |
|
Total liabilities, mezzanine equity, and stockholders' and members’ equity |
$ |
263,659 |
|
$ |
120,824 |
|
|
Gloo Holdings, Inc. Consolidated Statements of Operations (unaudited) |
|||||||||||||||
|
Three Months Ended January 31, |
|
Year Ended January 31, |
||||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||
|
(in thousands, except share, per share, unit, and per unit data) |
||||||||||||||
Revenue: |
|
|
|
|
|
|
|
||||||||
Platform revenue |
$ |
20,143 |
|
|
$ |
6,323 |
|
|
$ |
57,208 |
|
|
$ |
22,873 |
|
Platform solutions revenue |
|
13,490 |
|
|
|
173 |
|
|
|
37,452 |
|
|
|
330 |
|
Other revenue |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13 |
|
Total revenue |
|
33,633 |
|
|
|
6,496 |
|
|
|
94,660 |
|
|
|
23,216 |
|
Operating expenses: |
|
|
|
|
|
|
|
||||||||
Cost of revenue (exclusive of depreciation and amortization) |
|
25,739 |
|
|
|
5,417 |
|
|
|
71,554 |
|
|
|
19,749 |
|
Product development |
|
6,878 |
|
|
|
3,594 |
|
|
|
23,744 |
|
|
|
13,551 |
|
Sales and marketing |
|
12,387 |
|
|
|
6,478 |
|
|
|
36,354 |
|
|
|
22,619 |
|
General and administrative |
|
20,538 |
|
|
|
4,784 |
|
|
|
60,016 |
|
|
|
15,098 |
|
Depreciation and amortization |
|
3,117 |
|
|
|
2,154 |
|
|
|
11,163 |
|
|
|
7,714 |
|
Impairment of goodwill |
|
— |
|
|
|
27,753 |
|
|
|
— |
|
|
|
27,753 |
|
Total operating expenses |
|
68,659 |
|
|
|
50,180 |
|
|
|
202,831 |
|
|
|
106,484 |
|
Operating loss |
|
(35,026 |
) |
|
|
(43,684 |
) |
|
|
(108,171 |
) |
|
|
(83,268 |
) |
Other expense (income): |
|
|
|
|
|
|
|
||||||||
Interest expense |
|
1,954 |
|
|
|
1,884 |
|
|
|
14,347 |
|
|
|
4,738 |
|
Other income, net |
|
(2,037 |
) |
|
|
(150 |
) |
|
|
(2,367 |
) |
|
|
(687 |
) |
Loss (gain) from change in fair value of financial instruments |
|
13,025 |
|
|
|
(543 |
) |
|
|
33,528 |
|
|
|
(1,301 |
) |
Loss on extinguishment of debt |
|
— |
|
|
|
— |
|
|
|
7,473 |
|
|
|
— |
|
Total other expense (income), net |
|
12,942 |
|
|
|
1,191 |
|
|
|
52,981 |
|
|
|
2,750 |
|
Net loss before income taxes |
|
(47,968 |
) |
|
|
(44,875 |
) |
|
|
(161,152 |
) |
|
|
(86,018 |
) |
Income tax (expense) benefit |
|
(680 |
) |
|
|
236 |
|
|
|
(362 |
) |
|
|
796 |
|
Income (loss) from equity method investments, net |
|
— |
|
|
|
(143 |
) |
|
|
2,782 |
|
|
|
(580 |
) |
Net loss |
|
(48,648 |
) |
|
|
(44,782 |
) |
|
|
(158,732 |
) |
|
|
(85,802 |
) |
Less: net loss attributable to noncontrolling interests |
|
681 |
|
|
|
(113 |
) |
|
|
(1,604 |
) |
|
|
(113 |
) |
Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively |
$ |
(49,329 |
) |
|
$ |
(44,669 |
) |
|
$ |
(157,128 |
) |
|
$ |
(85,689 |
) |
|
|
|
|
|
|
|
|
||||||||
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 |
$ |
(0.77 |
) |
|
$ |
(6.14 |
) |
|
$ |
(8.03 |
) |
|
$ |
(13.65 |
) |
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 |
|
65,596,225 |
|
|
|
8,125,002 |
|
|
|
22,696,229 |
|
|
|
7,764,474 |
|
Gloo Holdings, Inc. Consolidated Statements of Cash Flows (unaudited) |
|||||||
|
Year Ended January 31, |
||||||
|
2026 |
2025 |
|||||
|
(in thousands) |
||||||
Operating activities: |
|
|
|
|
|||
Net loss |
$ |
(158,732 |
) |
$ |
(85,802 |
) |
|
Adjustments to reconcile net loss attributable to common stockholders and members to net cash used in operating activities: |
|
|
|
|
|||
Equity-based compensation expense |
|
15,450 |
|
|
3,787 |
|
|
Depreciation and amortization |
|
11,163 |
|
|
7,714 |
|
|
Amortization of deferred financing costs |
|
3,249 |
|
|
692 |
|
|
Provision for expected credit losses |
|
396 |
|
|
64 |
|
|
Provision for inventory write-offs |
|
123 |
|
|
274 |
|
|
Lease expense |
|
2,098 |
|
|
1,179 |
|
|
Deferred income taxes |
|
(141 |
) |
|
(796 |
) |
|
Loss (gain) from change in fair value of financial instruments |
|
33,528 |
|
|
(1,301 |
) |
|
(Income) loss from equity method investments, net |
|
(2,782 |
) |
|
580 |
|
|
Loss on extinguishment of debt |
|
7,473 |
|
|
— |
|
|
Debt assumed through PIK interest |
|
3,474 |
|
|
1,381 |
|
|
Impairment of goodwill |
|
— |
|
|
27,753 |
|
|
Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
|||
Accounts receivable |
|
(2,864 |
) |
|
(236 |
) |
|
Prepaid expenses and other current assets |
|
(40 |
) |
|
(1,173 |
) |
|
Other non-current assets |
|
(1,249 |
) |
|
(50 |
) |
|
Accounts payable |
|
2,814 |
|
|
(63 |
) |
|
Accrued expenses and other current liabilities |
|
3,820 |
|
|
(904 |
) |
|
Deferred revenue |
|
1,611 |
|
|
1,571 |
|
|
Other non-current liabilities |
|
110 |
|
|
(804 |
) |
|
Net cash used in operating activities |
|
(80,499 |
) |
|
(46,134 |
) |
|
Investing activities: |
|
|
|
|
|||
Purchases of property and equipment |
|
(1,189 |
) |
|
(425 |
) |
|
Capitalized internal-use software costs |
|
(12,822 |
) |
|
(10,169 |
) |
|
Purchases of equity method investments |
|
— |
|
|
(2,401 |
) |
|
Acquisitions, net of cash acquired |
|
(10,234 |
) |
|
(1,931 |
) |
|
Net cash used in investing activities |
|
(24,245 |
) |
|
(14,926 |
) |
|
Financing activities: |
|
|
|
|
|||
Payments on debt |
|
(4,316 |
) |
|
(230 |
) |
|
Proceeds from debt |
|
81,925 |
|
|
60,680 |
|
|
Payments of deferred financing costs |
|
(85 |
) |
|
(87 |
) |
|
Proceeds from Member Advances received, net |
|
5,000 |
|
|
489 |
|
|
Proceeds from Series A Preferred Units issuance |
|
817 |
|
|
— |
|
|
Proceeds from exercise of common stock and common unit options |
|
639 |
|
|
325 |
|
|
Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts and commissions and other offering costs |
|
64,991 |
|
|
— |
|
|
Net cash provided by financing activities |
|
148,971 |
|
|
61,177 |
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
(509 |
) |
|
— |
|
|
Net increase in cash, cash equivalents and restricted cash |
|
43,718 |
|
|
117 |
|
|
Cash, cash equivalents, and restricted cash |
|
|
|
|
|||
Beginning of period |
|
13,844 |
|
|
13,727 |
|
|
End of period |
$ |
57,562 |
|
$ |
13,844 |
|
|
Supplemental disclosures of cash flow information: |
|
|
|
|
|||
Cash paid for interest |
$ |
4,013 |
|
$ |
3,442 |
|
|
Cash paid for taxes, net of refunds |
|
167 |
|
|
— |
|
|
Supplemental disclosure of non-cash investing and financing activity: |
|
|
|
|
|||
ROU assets obtained in acquisition |
|
2,206 |
|
|
— |
|
|
ROU assets obtained in exchange for new lease liabilities |
|
1,934 |
|
|
— |
|
|
Gloo Holdings, Inc. GAAP to Non-GAAP Reconciliation (unaudited) |
|||||||||||||||
The following tables provide a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP financial measures for the periods presented: |
|||||||||||||||
|
Three Months Ended January 31, |
|
Year Ended January 31, |
||||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||
|
(in thousands) |
||||||||||||||
Net loss attributable to common stockholders and members |
$ |
(49,329 |
) |
|
$ |
(44,669 |
) |
|
$ |
(157,128 |
) |
|
$ |
(85,689 |
) |
Net loss attributable to noncontrolling interests |
|
681 |
|
|
|
(113 |
) |
|
|
(1,604 |
) |
|
|
(113 |
) |
Net loss |
|
(48,648 |
) |
|
|
(44,782 |
) |
|
|
(158,732 |
) |
|
|
(85,802 |
) |
Adjusted to exclude: |
|
|
|
|
|
|
|
|
|
||||||
Interest expense |
|
1,954 |
|
|
|
1,884 |
|
|
|
14,347 |
|
|
|
4,738 |
|
Income tax expense (benefit) |
|
680 |
|
|
|
(236 |
) |
|
|
362 |
|
|
|
(796 |
) |
Depreciation and amortization |
|
3,117 |
|
|
|
2,154 |
|
|
|
11,163 |
|
|
|
7,714 |
|
Equity-based compensation |
|
10,522 |
|
|
|
377 |
|
|
|
15,450 |
|
|
|
3,787 |
|
Impairment of goodwill |
|
— |
|
|
|
27,753 |
|
|
|
— |
|
|
|
27,753 |
|
Loss (gain) from change in fair value of financial instruments |
|
13,025 |
|
|
|
(543 |
) |
|
|
33,528 |
|
|
|
(1,301 |
) |
Restructuring costs |
|
1,680 |
|
|
|
687 |
|
|
|
1,680 |
|
|
|
687 |
|
Transaction related bonuses |
|
— |
|
|
|
— |
|
|
|
732 |
|
|
|
— |
|
Loss on extinguishment of debt |
|
— |
|
|
|
— |
|
|
|
7,473 |
|
|
|
— |
|
Income (loss) from equity method investments, net |
|
— |
|
|
|
143 |
|
|
|
(2,782 |
) |
|
|
580 |
|
Interest income |
|
(713 |
) |
|
|
(146 |
) |
|
|
(1,023 |
) |
|
|
(665 |
) |
IPO related costs |
|
1,117 |
|
|
|
— |
|
|
|
4,738 |
|
|
|
— |
|
One-time employee tax credit |
|
(1,285 |
) |
|
|
— |
|
|
|
(1,285 |
) |
|
|
— |
|
Adjusted EBITDA |
$ |
(18,551 |
) |
|
$ |
(12,709 |
) |
|
$ |
(74,349 |
) |
|
$ |
(43,305 |
) |
|
Three Months Ended January 31, |
|
Year Ended January 31, |
||||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||
|
(in thousands, except share, per share, unit, and per unit data) |
||||||||||||||
Net loss |
$ |
(48,648 |
) |
|
$ |
(44,782 |
) |
|
$ |
(158,732 |
) |
|
$ |
(85,802 |
) |
Net loss attributable to noncontrolling interests |
|
681 |
|
|
|
(113 |
) |
|
|
(1,604 |
) |
|
|
(113 |
) |
Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively |
|
(49,329 |
) |
|
|
(44,669 |
) |
|
|
(157,128 |
) |
|
|
(85,689 |
) |
Adjusted to exclude: |
|
|
|
|
|
|
|
||||||||
Loss (gain) from change in fair value of financial instruments |
|
13,025 |
|
|
|
(543 |
) |
|
|
33,528 |
|
|
|
(1,301 |
) |
IPO related costs |
|
1,117 |
|
|
|
— |
|
|
|
4,738 |
|
|
|
— |
|
Loss on extinguishment of debt |
|
— |
|
|
|
— |
|
|
|
7,473 |
|
|
|
— |
|
Income tax impact(1) |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-GAAP net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively |
|
(35,187 |
) |
|
|
(44,670 |
) |
|
|
(111,389 |
) |
|
|
(86,990 |
) |
Less: Undeclared cumulative dividends on Series A Preferred Units |
|
1,229 |
|
|
|
5,185 |
|
|
|
17,694 |
|
|
|
20,264 |
|
Less: Deemed dividend for conversion of Member Advance |
|
— |
|
|
|
— |
|
|
|
7,400 |
|
|
|
— |
|
Non-GAAP net loss available to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively, LLC basic and diluted |
$ |
(36,416 |
) |
|
$ |
(49,855 |
) |
|
$ |
(136,483 |
) |
|
$ |
(107,254 |
) |
|
|
|
|
|
|
|
|
||||||||
Weighted average number of common units outstanding, basic and diluted |
|
65,596,225 |
|
|
|
8,125,002 |
|
|
|
22,696,229 |
|
|
|
7,764,474 |
|
|
|
|
|
|
|
|
|
||||||||
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 |
$ |
(0.77 |
) |
|
$ |
(6.14 |
) |
|
$ |
(8.03 |
) |
|
$ |
(13.65 |
) |
Non-GAAP net loss per unit attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively |
$ |
(0.78 |
) |
|
$ |
(5.12 |
) |
|
$ |
(7.12 |
) |
|
$ |
(2.62 |
) |
(1) The adjustments to net loss attributable to members of Gloo Holdings, LLC relate to accounting transactions that are exclusive to Gloo Holdings, LLC, a nontaxable entity. |
|||||||||||||||
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