Gloo Holdings Q2 revenue jumps 188% on enterprise costumer growth

Gloo Holdings

09/09/2026 21:16

Overview
US faith-tech platform's fiscal Q2 revenue grew 188% yr/yr
Adjusted EBITDA loss for fiscal Q2 narrowed
Company raised fiscal 2026 revenue outlook to $200 mln, expects Q4 Adjusted EBITDA profitability

Outlook
Gloo expects Q3 2026 revenue of $55 mln and Adjusted EBITDA of negative $3.5 mln
Company raises full-year 2026 revenue guidance to $200 mln
Gloo expects to achieve Adjusted EBITDA profitability in Q4 2026

Result Drivers
ENTERPRISE CUSTOMER GROWTH - Co said revenue growth was driven by increased traction with enterprise customers, including more than 30 customers generating over $1 mln in annual contract value and its first customer exceeding $10 mln
CROSS-PLATFORM ENGAGEMENT - Co said more large customers are adopting solutions from multiple Gloo business units and subsidiaries, expanding long-term revenue potential
AI CAPABILITIES - Co said expanded Applied AI offerings and new agentic workflow tools are helping customers improve efficiency and engagement

Company press release: ID:nBwc3qGvqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$21.17 mln
 
Q2 Operating Expenses
 
$67.07 mln
 
Q2 Operating Income
 
-$20.50 mln
 
Q2 Pretax Loss
 
$21.64 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Gloo Holdings, Inc. is $12.00, about 277.4% above its September 8 closing price of $3.18

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)