Gloo (GLOO) Q2 2027 earnings summary

Executive summary

• Q2 2026 revenue grew 188% year-over-year to $46.6 million, surpassing guidance and driven by acquisitions, organic growth, and strong performance in both Powering Tech and Powering Reach businesses.

• Net loss narrowed to $21.2 million from $44.1 million in Q2 2025, reflecting improved financial discipline.

• Adjusted EBITDA improved to negative $8.3 million, marking the third consecutive quarter of improvement.

• The customer base expanded, with over 30 customers exceeding $1 million in annual contract value and the first customer surpassing $10 million; over 40 universities now served.

• Completed multiple acquisitions, including Cedarstone, EMD, and the remaining stake in Midwestern Interactive, and raised $23.7 million in a follow-on offering.

Financial highlights

• Q2 2026 total revenue was $46.6 million, up from $16.2 million in Q2 2025.

• Platform Solutions revenue reached $22.9 million, up 209% year-over-year; total platform revenue was $23.6 million, up 170%.

• Adjusted EBITDA for the quarter was negative $8.3 million, a notable improvement from negative $19.0 million in the prior year.

• Cash and cash equivalents stood at $39.3 million as of July 31, 2026.

• Net cash used in operating activities for the six months ended July 31, 2026, was $28.0 million, down from $44.2 million in the prior year.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $200 million, including Cedarstone acquisition.

• Q3 2026 revenue expected at $55 million, up 69% year-over-year; Adjusted EBITDA projected to improve to negative $3.5 million.

• Adjusted EBITDA profitability targeted for Q4 2026.

• Management notes substantial doubt about the company’s ability to continue as a going concern over the next 12 months without additional capital or achieving profitability.