Gloo (NASDAQ:GLOO) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Gloo (NASDAQ:GLOO) announced its quarterly earnings data on Monday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06), Zacks reports. The business had revenue of $41.53 million during the quarter.

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

• Gloo beat Q1 expectations, reporting revenue of $41.5 million, up 238% year over year and 13% above guidance/consensus, while adjusted EBITDA of negative $11.5 million also beat expectations and improved more than $7 million sequentially.
• Management raised full-year 2026 revenue guidance by $5 million to $195 million and said adjusted EBITDA is still expected to approach breakeven in Q3 and turn profitable in Q4 2026.
• The company highlighted strong demand for its Powering Tech and Powering Reach offerings, including five new customers with more than $1 million in annual contract revenue and especially strong performance from Masterworks, Barna, and Westfall.
• Gloo continued to emphasize its AI strategy, noting the general availability of Gloo AI Studio, support for 80+ LLM models, and growing developer adoption, with more than 1,000 developers now on the platform.
• The company added to its acquisition-led growth plan by closing EMD at the start of Q2 and taking full ownership of Midwestern, which it said should expand capabilities and remove a $12.1 million liability tied to a call option.

Gloo Price Performance

NASDAQ GLOO opened at $5.08 on Tuesday. Gloo has a fifty-two week low of $4.63 and a fifty-two week high of $9.98. The stock has a 50 day simple moving average of $6.01.

Insiders Place Their Bets

In other Gloo news, CEO Scott Arthur Beck acquired 3,700 shares of the company’s stock in a transaction on Friday, April 17th. The stock was acquired at an average price of $7.97 per share, for a total transaction of $29,489.00. Following the acquisition, the chief executive officer owned 443,586 shares in the company, valued at $3,535,380.42. This represents a 0.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders purchased 33,886 shares of company stock valued at $249,834. Company insiders own 45.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLOO. Jane Street Group LLC purchased a new position in shares of Gloo in the 4th quarter valued at approximately $82,000. Beacon Pointe Advisors LLC bought a new stake in shares of Gloo in the 4th quarter worth $142,000. Marshall Wace LLP bought a new stake in shares of Gloo in the fourth quarter worth $173,000. HRT Financial LP bought a new stake in shares of Gloo in the fourth quarter worth $179,000. Finally, Millennium Management LLC bought a new stake in shares of Gloo in the fourth quarter worth $402,000.

Trending Headlines about Gloo

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: Gloo raised fiscal 2026 revenue guidance to $195.0 million, above the Street’s $186.0 million estimate, suggesting stronger growth ahead. Gloo Holdings, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: The company also lifted second-quarter revenue guidance to $44.0 million, well ahead of consensus at $36.0 million, which supports the case for near-term acceleration. Gloo Holdings, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted “rapid growth” and a clearer path to profitability on the earnings call, which may have helped offset the earnings miss. Gloo Holdings Earnings Call: Rapid Growth, Profit Path
• Positive Sentiment: Gloo announced it will acquire the remaining 20% stake in Midwestern Interactive, taking full ownership and potentially strengthening control over a strategic talent partner. Gloo to Acquire Remaining Stake in Tech Talent Powerhouse Midwestern
• Neutral Sentiment: The company reported first-quarter revenue growth, but details from the earnings release and transcript suggest investors are still evaluating how quickly that growth can translate into better margins. Gloo (GLOO) Q1 2026 Earnings Transcript
• Negative Sentiment: The main drag on sentiment is the quarterly EPS miss, as adjusted profitability fell short of expectations even with solid revenue growth. Gloo Press Release

Analysts Set New Price Targets

A number of brokerages have issued reports on GLOO. Weiss Ratings upgraded Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Benchmark restated a “buy” rating on shares of Gloo in a research note on Wednesday, June 3rd. Finally, Wall Street Zen lowered Gloo from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

About Gloo

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.