Gloo (NASDAQ:GLOO) Posts Earnings Results, Misses Estimates By $0.06 EPS

Gloo (NASDAQ:GLOO) posted 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 company had revenue of $41.53 million for 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 Trading Down 5.9%

NASDAQ GLOO opened at $4.78 on Wednesday. Gloo has a 12 month low of $4.63 and a 12 month high of $9.98. The business’s 50 day moving average price is $6.01.

Analyst Ratings Changes

A number of equities research analysts have commented on GLOO shares. Benchmark raised their target price on shares of Gloo from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Gloo from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Gloo from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $16.00.

More Gloo News

Here are the key news stories impacting Gloo this week:

• Positive Sentiment: Benchmark raised its price target on Gloo Holdings to $15 from $14 and reiterated a buy rating, signaling confidence in meaningful upside from current levels. Benzinga
• Positive Sentiment: Gloo reported first-quarter results and emphasized strong revenue growth, while also raising full-year 2026 revenue guidance to $195 million and providing second-quarter revenue guidance above consensus. Business Wire
• Positive Sentiment: The company announced it will acquire the remaining 20% stake in Midwestern Interactive, giving Gloo full ownership of a talent-focused business that could support future platform expansion and integration. Business Wire
• Neutral Sentiment: Investor interest picked up around the earnings call, with multiple summaries and transcript coverage highlighting “record revenue growth” and the company’s path toward profitability. Yahoo Finance
• Negative Sentiment: Despite the upbeat guidance, Gloo’s quarterly EPS came in at -$0.22, missing expectations for -$0.16, which reminds investors that profitability remains elusive. MarketBeat earnings report
• Neutral Sentiment: Short-interest data showed no reported short interest and a zero-day short-interest ratio, offering little incremental signal for the stock. MarketBeat

Insider Activity at Gloo

In related news, CEO Scott Arthur Beck bought 27,386 shares of the stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of $7.23 per share, with a total value of $198,000.78. Following the completion of the acquisition, the chief executive officer owned 439,886 shares of the company’s stock, valued at $3,180,375.78. This represents a 6.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 33,886 shares of company stock valued at $249,834 over the last quarter. 45.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gloo

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Gloo in the fourth quarter worth $82,000. Beacon Pointe Advisors LLC purchased a new position in shares of Gloo in the fourth quarter worth $142,000. Marshall Wace LLP purchased a new position in shares of Gloo in the fourth quarter worth $173,000. HRT Financial LP purchased a new position in shares of Gloo in the fourth quarter worth $179,000. Finally, Millennium Management LLC purchased a new position in shares of Gloo in the fourth quarter worth $402,000.

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.