Gloo Raises 2026 Outlook After Strong Q1 Revenue Beat and AI Platform Growth
Gloo Raises 2026 Outlook After Strong Q1 Revenue Beat and AI Platform Growth
Gloo delivered a stronger-than-expected fiscal first quarter, reporting sharp revenue growth, better adjusted EBITDA performance, and fresh momentum across its technology platform for faith-based and nonprofit organizations.
For the quarter ended April 30, 2026, Gloo reported revenue of $41.5 million, representing a 238% year-over-year increase. The result came in above both company guidance and Wall Street expectations, according to MarketBeat.
Revenue Growth Surpasses Expectations
Management said the quarter reflected strong demand for Gloo’s platform products, marketing services, and AI-enabled tools. Chief Executive and Co-founder Scott Beck said the company benefited from large customer wins, stronger cross-selling, and recent acquisitions.
Adjusted EBITDA came in at a loss of $11.5 million, which was also better than expected. The figure improved by more than $7 million from the previous quarter, marking Gloo’s third straight quarter of sequential adjusted EBITDA improvement.
Full-Year Guidance Raised
Following the stronger first-quarter performance, Gloo increased its fiscal 2026 revenue outlook by $5 million, bringing its full-year forecast to $195 million.
For the second quarter, the company expects revenue of around $44 million and an adjusted EBITDA loss of about $8.5 million. Management also said it expects adjusted EBITDA to move close to breakeven in the third quarter and turn positive in the fourth quarter.
Platform and Acquisitions Drive Momentum
Chief Financial Officer Paul Seamon said revenue growth was supported by several business lines, including Gloo360, Workspace, Outreach, and acquired businesses such as Masterworks and Midwestern.
Platform revenue reached $24.1 million, while platform solutions revenue totaled $17.4 million. Gloo also reported improved cost efficiency, with cost of revenue falling as a percentage of total revenue compared with the prior year.
AI Products Gain Adoption
Gloo’s AI strategy was another major focus during the earnings update. The company said Gloo AI Studio became generally available during the quarter and has already attracted more than 1,000 developers.
The platform supports more than 80 large language models and includes safety tools, token-based subscription options, and a free sandbox designed for developers serving faith-based and nonprofit communities.
Large Customer Wins Support Expansion
Gloo added five new customers generating more than $1 million in annual contract revenue. Management highlighted organizations including Assemblies of God and Indiana Wesleyan University’s Wesley Seminary as examples of customers using Gloo’s technology to modernize systems and build AI-supported services.
Executives said many large customers begin with one product and later expand into additional offerings. Customers using multiple Gloo products can generate significantly higher revenue than single-product customers, creating a major opportunity for future growth.
Cash Position and Profitability Path
As of April 30, 2026, Gloo held $33 million in cash and cash equivalents. Management said this liquidity should be enough to support the company until it reaches positive adjusted EBITDA.
The company believes that achieving profitability in the fourth quarter could place Gloo on a stronger path toward sustainable free cash flow growth in future periods.
Acquisition Strategy Remains Active
Gloo also discussed its acquisition activity. The company signed an agreement to acquire EMD, which is expected to expand its Workday consulting, implementation, and support services for nonprofit and mid-market organizations.
Gloo also plans to acquire the remaining stake in Midwestern, increasing ownership to 100%. Management said this move should strengthen its global talent capabilities and remove a related balance sheet liability.
Outlook
Gloo’s first-quarter results show a company growing quickly while working to improve margins and reduce losses. With stronger revenue guidance, expanding AI adoption, large customer wins, and acquisition-driven growth, management appears confident in its plan to reach profitability later in fiscal 2026.
Still, investors will likely watch whether Gloo can continue improving adjusted EBITDA, integrate acquisitions successfully, and convert its AI and platform momentum into long-term recurring revenue.
Source: MarketBeat reported the original earnings call highlights on June 8, 2026.
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