Gloo (GLOO) Registration Filing summary

Company overview and business model

• Operates a vertical technology platform serving the faith and flourishing ecosystem, connecting churches, ministries, nonprofits, and network capability providers (NCPs) through technology, marketplace, advertising, and service solutions.

• Revenue streams include subscriptions, marketplace transactions, advertising, and platform solutions, with a focus on recurring and re-occurring revenue.

• Growth strategy leverages acquisitions, enterprise sales, digital-led growth, and AI transformation, with over 15 acquisitions and investments to date.

• Platform serves over 140,000 churches and ministry leaders and 57,000 paying customers as of July 31, 2025.

• Recent acquisitions include Outreach, Masterworks, Barna, Servant, CNCL, and Midwestern, expanding capabilities in e-commerce, media, research, and technology services.

Financial performance and metrics

• For the six months ended July 31, 2025, revenue was $28.5M, up 169% from $10.6M in the prior year period, driven by acquisitions and organic growth.

• Net loss for the six months ended July 31, 2025 was $71.1M, compared to $27.4M in the prior year period.

• For the year ended January 31, 2025, revenue was $23.2M, up 9% from $21.3M in the prior year; net loss was $85.8M, up from $48.3M.

• Cash and cash equivalents as of July 31, 2025 were $22.6M; accumulated deficit was $438.1M.

• Adjusted EBITDA for the six months ended July 31, 2025 was $(36.2)M; for the year ended January 31, 2025, $(43.4)M.

• Substantial doubt exists about the company’s ability to continue as a going concern without additional capital or achieving profitability.

Use of proceeds and capital allocation

• Net proceeds from the IPO will be used for general corporate purposes, including acquisitions, investments, working capital, operating expenses, and capital expenditures.

• No specific acquisitions or investments have been committed at this time.

• Management will have broad discretion over the use of proceeds.