Quarterly ResultJun 8, 2026, 04:51 PM
Gloo Holdings Q1 Revenue Soars 238% to $41.5M; Raises FY26 Guidance
AI Summary
Gloo Holdings, Inc. reported strong first quarter 2026 financial results, with revenue surging 238% year-over-year to $41.5 million, exceeding guidance and analyst consensus. The company also announced its intention to acquire the remaining 20% stake in Midwestern. Gloo raised its full-year 2026 revenue guidance to $195.0 million and provided positive outlook for the second quarter and the remainder of the fiscal year, expecting to approach Adjusted EBITDA breakeven in Q3 2026.
Key Highlights
- Gloo Holdings reported Q1 2026 revenue of $41.5 million, a 238% increase year-over-year.
- Net loss for Q1 2026 was $17.1 million, an improvement from $27.0 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was negative $11.5 million, beating guidance and consensus.
- The company raised its fiscal year 2026 revenue guidance to $195.0 million.
- Gloo announced a definitive agreement to acquire the remaining 20% stake in Midwestern.
- Gloo expects Q2 2026 revenue of $44.0 million and anticipates approaching Adjusted EBITDA breakeven in Q3 2026.
Price Impact
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