Gloo Lifts Fiscal 2026 Revenue Outlook to $200 Million
The faith-technology platform posted $46.6 million of second-quarter sales, 188% above a year earlier, and said it expects Adjusted EBITDA profitability in the fourth quarter.
Gloo Holdings (GLOO), a technology platform for the faith and flourishing ecosystem, raised fiscal 2026 revenue guidance to $200 million after a second quarter in which sales reached $46.6 million, 188% above the year-earlier period.
That year-over-year rate slowed from 238% in the first quarter and 418% in the fourth quarter of fiscal 2025 as the base grew. Sequential sales still climbed from $41.5 million in the prior quarter and $33.6 million two quarters earlier. The result exceeded its $44.0 million guidance and again beat analyst consensus.
Adjusted EBITDA was negative $8.3 million, a $3.2 million sequential improvement from negative $11.5 million in the first quarter, after a $7.1 million sequential improvement from negative $18.6 million two quarters earlier. That was the third consecutive quarter of sequential Adjusted EBITDA improvement and beat guidance of negative $8.5 million. Net loss narrowed to $21.2 million from $17.1 million in the prior quarter and $48.6 million two quarters earlier.
Platform revenue was $23.6 million and platform solutions revenue was $22.9 million. Cost of revenue was $29.8 million, product development $7.1 million, sales and marketing $10.9 million, and general and administrative $15.6 million. Operating loss was $20.5 million.
Chief Executive Scott Beck said the quarter showed the strategy was on track and that more organizations were trusting their business to Gloo and its Capital Partners. Chief Financial Officer Paul Seamon said the company had improved financial performance every quarter as a public company, reflecting consistent execution and increasing operating leverage. He said the full-year outlook more than doubles revenue from the prior year, with operating expenses expected to remain approximately flat in absolute dollars.
Gloo now has more than 30 customers each generating $1 million or more in annual contract value. In the second quarter it reached its first customer exceeding $10 million in annual contract value. Those relationships include large faith-aligned, social-service, and youth-serving organizations, an expansion beyond its historic customer base. It serves more than forty universities, including Indiana Wesleyan University, Jessup University, the University of Northwestern, and Whitworth University, and expects continued momentum in that vertical. It serves over 140,000 faith, ministry, and nonprofit leaders.
Cross-selling across Gloo business units and Capital Partners continued. A growing number of the largest customers, including many $1 million-plus accounts, have adopted solutions from multiple Capital Partners. Since its public debut it has announced five strategic acquisitions: XRI Global, Westfall Group, Enterprisemarketdesk, its remaining stake in Midwestern Interactive, and Cedarstone. In the second quarter it completed the acquisition of Enterprisemarketdesk, a Workday services partner. The Midwestern transaction closed in August 2026, and Cedarstone, a finance and development outsourcing firm, closed in August as well.
The company also extended the term of its $13.2 million senior secured loan by one year to April 2028 after quarter close. Cash and cash equivalents were $39.3 million at July 31, 2026. Deferred revenue was $18.1 million.
Gloo expects third-quarter revenue of $55 million, 69% above the prior-year period, and Adjusted EBITDA of negative $3.5 million, representing continued sequential improvement and aligning with its expectation to approach break-even. It remains confident in achieving Adjusted EBITDA profitability in the fourth quarter of fiscal 2026. On September 8 it announced Gloo Code, an agentic building capability within Gloo AI Studio, and is preparing a fourth annual AI hackathon for October 6–8 in Boulder.