Gloo Holdings, Inc. designs and develops a vertical technology platform for the faith and flourishing ecosystem. It serves network capability providers (NCPs) as well as churches and frontline organizations (CFLs). Its platform includes Gloo Workspace, a subscription-based suite of AI-powered content and communication tools; Gloo 360, a solution for NCPs to modernize and operate core IT infrastructure; Gloo Media Network, a full-service platform for expanding awareness, engagement, and donor support; and Gloo AI, a faith- and flourishing-based vertical AI. Founded in 2013, the company is based in Boulder, Colorado.
Gloo Raises Full-Year Revenue Guidance to $200 Million After 188% Q2 Growth
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 · Capital · Positive Gloo raised full-year 2026 revenue guidance to $200M after 188% Q2 revenue growth and improving adjusted EBITDA.
GLOO · Demand · Positive Q2 growth driven by Gloo 360 and Workspace, with over 30 customers above $1M ACV including a first $10M+ customer.
Cedarstone · Capital · Positive Cedarstone acquisition is included in Gloo's raised $200M full-year guidance and added over 250 mid-market network capability providers.
Gloo Raises FY2026 Revenue Outlook to $200 Million, Targets Q4 Adjusted EBITDA Profitability
Gloo Holdings raised its full-year 2026 revenue outlook by $5 million to $200 million, inclusive of the Cedarstone acquisition, after reporting second-quarter revenue of $46.6 million, up 188% year-over-year and 12% sequentially. CFO Paul Seamon said the company expects third-quarter revenue of $55 million and adjusted EBITDA to narrow to negative $3.5 million, a nearly $5 million improvement over the second quarter, and reiterated that adjusted EBITDA profitability is expected in the fourth quarter of 2026. Within the quarter, Platform Solutions revenue was $22.9 million and Platform revenue totaled $23.6 million, while cost of revenue was 64.0% of total revenue and adjusted EBITDA improved $3.2 million sequentially to negative $8.3 million. Gloo took a $4.4 million restructuring charge, primarily for severance tied to integrating its business lines, and completed a follow-on offering that raised $23.7 million net of fees and expenses, ending the quarter with $39.3 million in cash and cash equivalents as of July 31, 2026. CEO Scott Beck said the company now has more than 30 customers each representing over $1 million in annual contract value, including its first customer to exceed $10 million, and announced Gloo Code, a new agentic building capability within the Gloo AI studio, on September 8.
Key M&A deals this week include DoubleVerify, AMD, Visa, Prologis
Several major acquisition agreements were announced this week. DoubleVerify agreed to be acquired by Nielsen in an all-cash transaction valued at approximately $2.15 billion, with shareholders receiving $13.60 per share. Advanced Micro Devices signed a definitive agreement to acquire Taalas, a developer of specialized AI inference silicon. Visa agreed to acquire BioCatch, a provider of behavioral-first fraud intelligence, for $2.4 billion from funds advised by Permira. Prologis reached an agreement to buy SEGRO plc for about $18.8 billion after securing a board recommendation. Bending Spoons is acquiring Airtable in an all-cash transaction valuing the workflow software company at an enterprise value of $1.285 billion, implying an equity value of about $2.25 billion. Curium announced a deal to acquire all outstanding shares of Lantheus Holdings for up to $114.50 per share in cash, including contingent value rights. Atkore entered into a definitive agreement to be acquired by Prysmian in an all-cash transaction representing an enterprise value of approximately $3.8 billion. Supernus Pharmaceuticals and Indivior Pharmaceuticals agreed to merge in an all-stock merger of equals. Digital Brands Group shares surged after receiving a proposal from an existing shareholder to acquire all outstanding shares for $77.58 per share in cash. Gloo entered into a definitive agreement to acquire Cedarstone, a business services firm serving nonprofit organizations.
Gloo Holdings Prices 7 Million Share Secondary Offering at $3.25
Gloo Holdings priced a secondary offering of 7 million shares at $3.25 each, below the last closing price of $3.98. JPMorgan is the sole book-running manager for the deal. The pricing follows Benchmark's June 9 price target increase to $15 from $14 with a Buy rating, citing Gloo as an unchallenged leader in the faith and flourishing space. Gloo also reported first-quarter earnings per share of a loss of 21 cents, compared with estimates of a loss of 18 cents, and revenue of $41.5 million, exceeding the consensus of $36.0 million.
Gloo Holdings prices 7M share offering at $3.25, stock drops 9.8% after hours
Gloo Holdings has priced its underwritten public offering of 7 million shares of Class A common stock at $3.25 per share, expecting total gross proceeds of approximately $22.75 million before fees and expenses. Following the announcement, shares fell 9.8% in after-hours trading on Wednesday. Underwriters have a 30-day option to purchase up to an additional 1.05 million shares, which would raise total gross proceeds to about $26.16 million if fully exercised. Board members including Scott Beck and Pat Gelsinger have committed to buying at least $6 million in Class A common stock at the offering price. The company plans to use the net proceeds for general corporate purposes, including working capital, operating expenses, capital expenditures, and potential strategic acquisitions or technology investments. The offering is expected to close on Friday, July 10, 2026, subject to customary conditions.
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