Quarterly ResultJun 9, 2026, 04:41 PM
Gloo Holdings Q1 Revenue Jumps to $41.5M, Net Loss $17.1M
AI Summary
Gloo Holdings, Inc. (GLOO) filed its quarterly report on Form 10-Q for the period ending April 30, 2026. The company reported a significant increase in total revenue to $41.5 million, up from $12.3 million in the prior year period. However, the company also reported a net loss of $17.1 million and an operating loss of $18.7 million for the quarter. Cash and cash equivalents decreased to $33.0 million. The filing also highlights material weaknesses in internal controls and substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Gloo Holdings reported a net loss of $17.1 million for the three months ended April 30, 2026, compared to a net loss of $27.0 million in the prior year period.
- Total revenue increased significantly to $41.5 million for the three months ended April 30, 2026, up from $12.3 million in the same period last year.
- Operating loss for the three months ended April 30, 2026, was $18.7 million, an improvement from $22.1 million in the prior year period.
- Cash and cash equivalents decreased to $33.0 million as of April 30, 2026, from $57.3 million as of January 31, 2026.
- The company has identified material weaknesses in internal control over financial reporting that continued to exist as of April 30, 2026.
- Gloo Holdings has substantial doubt about its ability to continue as a going concern for at least twelve months from the issuance date of the financial statements.
Price Impact
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