Gloo Raises Full-Year Revenue Guidance to $200 Million After 188% Q2 Growth

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โดย The Motley Fool·

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Gloo reported fiscal second-quarter revenue of $46.6 million, up 188% year over year, and raised its full-year 2026 revenue outlook by $5 million to $200 million, inclusive of the Cedarstone acquisition. The company said Q2 revenue rose 12% sequentially from the first quarter, driven by Gloo 360 and Workspace as well as acquisitions including Masterworks, Westfall and EMD, while cost of revenue improved 10.8 percentage points to 64.0% of total revenue from 74.8% a year earlier. Adjusted EBITDA improved $3.2 million sequentially to negative $8.3 million, and Gloo said it expects third-quarter revenue of $55 million with adjusted EBITDA narrowing to negative $3.5 million, still targeting adjusted EBITDA profitability in the fourth quarter. The company took a $4.4 million restructuring charge in the quarter, primarily for severance tied to integrating its business lines, and completed a follow-on offering raising $23.7 million net, leaving $39.3 million in cash and cash equivalents as of July 31, 2026. Gloo said it now has more than 30 customers representing over $1 million each in annual contract value, including its first customer exceeding $10 million, and that the Cedarstone acquisition added over 250 new mid-market network capability providers, with more than 40 universities in its current client portfolio.

Gloo Holdings, Inc. Class A Common Stock ▲