Gloo Holdings, Inc.

Q1 revenue was $41.5 million, up 238% from the prior year and 23.5% sequentially. Adjusted EBITDA was negative $11.5 million, improving $7.1 million sequentially. Platform revenue was $24.1 million and Platform Solutions revenue was $17.4 million. Cost of revenue was 67.7% of total revenue, improved from 72.1% a year ago. Cash and cash equivalents were $33 million as of April 30, 2026. For Q2, the company expects revenue of $44 million and adjusted EBITDA loss of negative $8.5 million, with weighted average shares of approximately 81 million. Full-year 2026 revenue outlook was raised by $5 million to $195 million. Management still expects adjusted EBITDA to approach breakeven in Q3 2026 and reach profitability in Q4 2026.

Scott Beck framed the quarter as validation that Gloo’s strategy is working, emphasizing demand from large strategic customers, value from acquisitions, and AI as a business accelerator. He described Gloo as building a category-defining platform for the faith and flourishing ecosystem around two needs: modernizing technology and expanding marketing reach. His tone was confident and upbeat, but he repeatedly stressed that the company is still early in its journey and focused on disciplined execution.

Paul Seamon highlighted that Q1 performance beat both revenue and adjusted EBITDA guidance, with revenue growth driven by Gloo 360 and acquired businesses such as Masterworks and Midwestern. He said cost of revenue improved to 67.7% of revenue from 72.1% a year ago, helped by margin improvements in workspace and outreach and a full quarter of Westfall Group. He also noted $33 million of cash and cash equivalents, said liquidity appears sufficient to reach positive adjusted EBITDA in Q4, and pointed to multiple options to strengthen the balance sheet and fund growth. He also said operating expenses decreased $8.4 million sequentially while revenue grew 24%, and that G&A included acquisition costs related to EMD.

Analysts focused on the sustainability of revenue growth, the size of cross-sell opportunity, and how much of the improvement came from organic execution versus acquisitions and expense actions. Management said growth has come from both core offerings and acquired businesses, with strong cross-sell dynamics as customers add a second and then a third offering. On the large-deal front, Pat Gelsinger said most customers start with one product and expand in 1 to 2 quarters, while Scott Beck said the company is seeing “land, expand, and then expand again” across both customers and categories. Questions also covered EMD, AI Studio, and Catholic/university penetration; management said EMD and Midwestern have both faith-based and non-faith-based growth paths, Gloo AI Studio is getting early customer traction, and the Catholic and university segments are still early but could be highly repeatable over time.