Gloo Holdings, Inc. (Nasdaq: GLOO) reported financial results for the three months and six months ended July 31, 2026, filing a Form 8-K on September 9, 2026. The company announced that total revenue for the second quarter of fiscal 2026 was $46.6 million, representing an 188% year-over-year increase. This figure exceeded the company's internal guidance of $44.0 million and analyst consensus estimates.
On the income statement, the company reported a net loss of $21.2 million for the quarter. This compares to a net loss of $44.1 million in the same period of the prior fiscal year. The company also reported an Adjusted EBITDA loss of $8.3 million, which improved sequentially from negative $11.5 million in the first quarter of 2026 and beat guidance of negative $8.5 million.
Gloo stated that it has achieved the third consecutive quarter of sequential Adjusted EBITDA improvement. The company provided updated guidance for the remainder of fiscal 2026. For the third quarter of 2026, revenue is expected to be $55 million, representing a 69% increase compared to the prior year. The company raised its full-year fiscal 2026 revenue guidance to $200 million. Management expects to achieve Adjusted EBITDA profitability in the fourth quarter of fiscal 2026.
Regarding its business operations, Gloo highlighted that it now has over 30 customers generating $1 million or more in annual contract value. The company also reached a milestone with its first customer exceeding $10 million in annual contract value. Universities continue to be a significant growth vertical, with over 40 universities served, including Indiana Wesleyan University, Jessup University, the University of Northwestern, and Whitworth University.
In terms of strategic initiatives, Gloo completed the acquisition of Enterprisemarketdesk in the second quarter and announced plans to acquire the remaining stake of Midwestern Interactive. In August 2026, the company also closed its acquisition of Cedarstone. Additionally, Gloo extended the term of its senior secured loan of $13.2 million by one year to April 2028, providing additional flexibility in 2027.
