Gloo (NASDAQ:GLOO) Announces Quarterly Earnings Results

Gloo (NASDAQ:GLOO) posted its quarterly earnings results on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14), FiscalAI reports. The business had revenue of $46.57 million during the quarter.

Here are the key takeaways from Gloo’s conference call:

• Gloo reported Q2 revenue of $46.6 million, up 188% year over year and 12% sequentially, exceeding guidance. The company raised full-year 2026 revenue guidance by $5 million to $200 million.
• Adjusted EBITDA improved by $3.2 million sequentially to negative $8.3 million, and management expects it to improve to negative $3.5 million in Q3 and reach profitability in Q4 2026. Gross margin also improved significantly as scale and acquisition mix benefited results.
• Customer expansion remains a key growth driver: Gloo now has more than 30 customers generating over $1 million in annual contract value, including its first customer above $10 million. Cross-selling across business units and acquisitions, including Cedarstone’s more than 250 customers, is creating additional growth opportunities.
• Management highlighted strong demand for applied AI, including agentic workflows, Gloo AI Studio, and the newly launched Gloo Code. Falling model and token costs are expected to lower delivery expenses, improve margins, and support greater platform adoption.
• Despite improving profitability, Gloo remains loss-making and recorded a $4.4 million restructuring charge in Q2. The company had $39.3 million in cash at quarter-end, raised $23.7 million through a follow-on offering, and expects approximately 90 million weighted-average shares in Q3, creating potential dilution.

Gloo Price Performance

GLOO stock opened at $3.01 on Friday. Gloo has a 1 year low of $2.90 and a 1 year high of $9.98. The firm has a market capitalization of $247.15 million and a P/E ratio of -0.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The business’s 50-day moving average is $3.34 and its two-hundred day moving average is $4.85.

Gloo News Roundup

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: Management forecast fiscal 2026 revenue of approximately $200 million, above the $186 million consensus estimate, and third-quarter revenue of about $55 million, versus expectations of $44.1 million. Gloo also expects to reach adjusted EBITDA profitability in the fourth quarter, providing a potential catalyst for the stock. Gloo revenue outlook
• Positive Sentiment: Second-quarter revenue reached $46.57 million, representing reported year-over-year growth of 188% and signaling continued demand for Gloo’s applied-AI and faith-focused technology platform. Gloo second-quarter revenue growth
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and an $8 price target, implying substantial potential upside from recent levels. However, analyst targets are projections rather than guarantees.
• Neutral Sentiment: Reported short interest was zero shares, suggesting little measurable short-selling pressure and no meaningful short-squeeze catalyst.
• Negative Sentiment: Gloo reported a quarterly loss of $0.25 per share, wider than the expected $0.11 loss. The earnings miss highlights continued profitability risk even as revenue and forward guidance improve. Gloo quarterly earnings results
• Negative Sentiment: Major shareholder Financial For Luthera Thrivent sold a combined 29,000 shares from September 8 through September 10 for approximately $91,550. The sales reduced its position by less than 1%, making the signal modest, but repeated insider selling may weigh on sentiment.

Insider Buying and Selling

In related news, major shareholder Financial For Luthera Thrivent sold 10,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $3.03, for a total value of $30,300.00. Following the completion of the transaction, the insider directly owned 4,075,000 shares in the company, valued at approximately $12,347,250. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Derek Green acquired 615,384 shares of the company’s stock in a transaction on Friday, July 10th. The shares were acquired at an average price of $3.25 per share, for a total transaction of $1,999,998.00. Following the completion of the acquisition, the director directly owned 865,384 shares in the company, valued at $2,812,498. The trade was a 246.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 2,615,383 shares of company stock worth $8,499,995 and have sold 458,200 shares worth $1,654,363. Insiders own 45.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. 1492 Capital Management LLC purchased a new position in shares of Gloo in the fourth quarter valued at $1,627,000. Annandale Capital LLC purchased a new stake in Gloo during the fourth quarter valued at approximately $1,423,000. HRT Financial LP purchased a new position in shares of Gloo during the fourth quarter worth approximately $179,000. Jane Street Group LLC purchased a new position in shares of Gloo in the 4th quarter worth approximately $82,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gloo during the fourth quarter worth about $173,000.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup started coverage on Gloo in a report on Monday, July 20th. They set an “outperform” rating on the stock. Lake Street Capital dropped their target price on shares of Gloo from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday. Benchmark lifted their price target on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citizens Jmp restated a “market outperform” rating and set a $8.00 price target on shares of Gloo in a research report on Thursday. Finally, Wall Street Zen raised Gloo from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Gloo has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

About Gloo

Gloo’s mission is to build the leading vertical technology platform for the faith and flourishing ecosystem, which we believe is one of the largest, oldest and least-digitized ecosystems in the world. Our purpose is to shape technology as a force for good, so people can flourish and communities can thrive. This is grounded in our belief that relationships catalyze growth, and when technology is used to serve relationships, it transforms lives. The faith and flourishing ecosystem is vast and, we believe, a technologically underserved vertical that includes traditional Christian (primarily Protestant and Catholic) churches and a diverse network of ministries, nonprofits and service providers.