Gloo Holdings reported total revenue of $41.5 million for the first quarter of 2026, a 238% increase compared to the prior year period, exceeding both guidance and analyst consensus. The company raised its fiscal year 2026 revenue guidance to $195.0 million and provided second quarter revenue and Adjusted EBITDA guidance. The company also announced strategic acquisitions, including the purchase of the remaining 20% stake in Midwestern Holdings and the acquisition of EMD, a Workday Services Partner, to expand its technology and reach capabilities.

"AI remains a force multiplier behind our platform, and our focus on applied AI uniquely positions us to deliver greater impact for the faith and flourishing sector," said Scott Beck, CEO of Gloo. "Our quarterly results show the strategy is working. We delivered another strong quarter that exceeded our guidance and analyst consensus, underscoring our disciplined execution and the trust our customers are placing in us."

First Quarter 2026 Financial Highlights

Gloo reported a net loss of $17.1 million for the first quarter of 2026, compared to a net loss of $27.0 million for the first quarter of fiscal 2025. Adjusted EBITDA was negative $11.5 million for the first quarter, beating guidance of negative $12.0 million and consensus estimates of negative $12.2 million. This compares to negative $18.6 million in the fourth quarter of 2025, representing a sequential improvement of $7.1 million.

"Results for the first quarter demonstrate consistent progress against the targets we have set for ourselves," said Paul Seamon, CFO of Gloo. "Revenue and Adjusted EBITDA both came in above our guidance range and ahead of analyst consensus, which speaks to the operating leverage we are continuing to build into the business. We remain focused on the path to Adjusted EBITDA profitability."

Business Highlights

Gloo closed five new customers in the first quarter of 2026, each contributing over $1 million in annual contract value. The company partnered with the Assemblies of God to deploy Gloo 360 across their enterprise operations and partnered with Wesley Seminary at Indiana Wesleyan University to pioneer an AI-powered ministry lifecycle ecosystem. The company announced the availability of Gloo AI Studio, a comprehensive set of AI tools and capabilities for developers in the faith and flourishing ecosystem.

Strategic Acquisitions

Gloo announced a definitive agreement to acquire the remaining 20% stake in Midwestern, bringing its ownership to 100%. The transaction will eliminate a call option tied to the minority stake and create a one-time improvement by removing the associated $12.1 million liability from Gloo's balance sheet. The company also announced its acquisition of EMD, an established Workday Services Partner, which closed in the second quarter of 2026.

Fiscal Year 2026 Outlook

Gloo expects second quarter revenue to be $44.0 million, a 172% increase compared to the prior year period. Adjusted EBITDA is expected to be negative $8.5 million for the second quarter of 2026. The company continues to expect to approach Adjusted EBITDA breakeven in the third quarter of 2026 and remains confident in achieving Adjusted EBITDA profitability in the fourth quarter of 2026.

Gloo Holdings reported quarterly sales of $41.530 million, beating the analyst consensus estimate of $36.025 million by 15.28 percent. This represents a 237.59 percent increase over sales of $12.302 million from the same period last year. The company posted losses of $(0.22) per share, which met the analyst consensus estimate. This is a 93.57 percent increase over losses of $(3.42) per share reported in the prior year period.

Financial Performance

The following table outlines the key financial metrics for the quarter:

The reported sales figure demonstrates a notable variance from the projected $36.025 million. This result underscores the company's ability to generate revenue above anticipated levels in the second quarter.