Gloo (NASDAQ:GLOO) Announces Earnings Results, Misses Estimates By $0.14 EPS

Gloo (NASDAQ:GLOO) issued its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.14), FiscalAI reports. The company had revenue of $46.57 million for the quarter.

Here are the key takeaways from Gloo’s conference call:

• Gloo reported Q2 revenue of $46.6 million, up 188% year over year and 12% sequentially, exceeding guidance. The company raised full-year 2026 revenue guidance by $5 million to $200 million.
• Adjusted EBITDA improved by $3.2 million sequentially to negative $8.3 million, and management expects it to improve to negative $3.5 million in Q3 and reach profitability in Q4 2026. Gross margin also improved significantly as scale and acquisition mix benefited results.
• Customer expansion remains a key growth driver: Gloo now has more than 30 customers generating over $1 million in annual contract value, including its first customer above $10 million. Cross-selling across business units and acquisitions, including Cedarstone’s more than 250 customers, is creating additional growth opportunities.
• Management highlighted strong demand for applied AI, including agentic workflows, Gloo AI Studio, and the newly launched Gloo Code. Falling model and token costs are expected to lower delivery expenses, improve margins, and support greater platform adoption.
• Despite improving profitability, Gloo remains loss-making and recorded a $4.4 million restructuring charge in Q2. The company had $39.3 million in cash at quarter-end, raised $23.7 million through a follow-on offering, and expects approximately 90 million weighted-average shares in Q3, creating potential dilution.

Gloo Stock Performance

GLOO opened at $3.15 on Thursday. The company has a market capitalization of $258.65 million and a price-to-earnings ratio of -0.55. The business’s 50-day moving average price is $3.37 and its two-hundred day moving average price is $4.87. Gloo has a 1 year low of $2.94 and a 1 year high of $9.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GLOO. Citigroup assumed coverage on shares of Gloo in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Benchmark upped their price objective on shares of Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised Gloo from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded Gloo from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Citizens Jmp assumed coverage on Gloo in a research note on Monday, July 20th. They issued an “outperform” rating and a $8.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Gloo presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Insider Transactions at Gloo

In other Gloo news, Director Derek Green acquired 615,384 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were acquired at an average price of $3.25 per share, with a total value of $1,999,998.00. Following the completion of the transaction, the director directly owned 865,384 shares in the company, valued at $2,812,498. This trade represents a 246.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Grace & Mercy Foundation, Inc. acquired 923,076 shares of Gloo stock in a transaction dated Thursday, July 9th. The shares were acquired at an average price of $3.25 per share, with a total value of $2,999,997.00. Following the completion of the purchase, the insider owned 3,423,076 shares in the company, valued at approximately $11,124,997. The trade was a 36.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,615,383 shares of company stock valued at $8,499,995 and sold 440,300 shares valued at $1,613,762. Company insiders own 45.23% of the company’s stock.

Institutional Trading of Gloo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Grace & Mercy Foundation Inc. acquired a new position in Gloo during the fourth quarter valued at approximately $14,225,000. 1492 Capital Management LLC increased its position in shares of Gloo by 5.5% during the 1st quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Gloo during the 1st quarter worth approximately $1,202,000. Annandale Capital LLC acquired a new stake in shares of Gloo in the 4th quarter valued at approximately $1,423,000. Finally, Cornerstone Management Inc. bought a new position in shares of Gloo in the first quarter valued at $601,000.

Gloo Company Profile

Gloo’s mission is to build the leading vertical technology platform for the faith and flourishing ecosystem, which we believe is one of the largest, oldest and least-digitized ecosystems in the world. Our purpose is to shape technology as a force for good, so people can flourish and communities can thrive. This is grounded in our belief that relationships catalyze growth, and when technology is used to serve relationships, it transforms lives. The faith and flourishing ecosystem is vast and, we believe, a technologically underserved vertical that includes traditional Christian (primarily Protestant and Catholic) churches and a diverse network of ministries, nonprofits and service providers.