$GLOO

Gloo Holdings, Inc.

CIK:0002069785|SEC Filings

Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 31, 2026

Jul. 31, 2025

Jul. 31, 2026

Jul. 31, 2025

Revenue

Revenue

^[1]

$ 46,573

$ 16,173

$ 88,103

$ 28,475

Operating expenses:

Cost of revenue

^[2],[3]

29,796

12,094

57,897

20,968

Product development

^[4]

7,113

5,018

11,008

10,730

Sales and marketing

^[5]

10,857

8,499

20,484

15,823

General and administrative

^[6],[7]

15,640

12,264

30,860

22,206

Depreciation and amortization

3,668

2,673

7,095

5,200

Total operating expenses

67,074

40,548

127,344

74,927

Operating loss

(20,501)

(24,375)

(39,241)

(46,452)

Other (income) expense:

Interest expense

^[8]

826

3,251

1,803

6,003

Other income, net

(226)

(52)

(1,297)

(473)

(Gain) loss from change in fair value of financial instruments

534

8,246

(216)

11,436

Loss on extinguishment of debt

7,473

Total other expense, net

1,134

18,918

290

24,439

Net loss before income taxes

(21,635)

(43,293)

(39,531)

(70,891)

Income tax benefit

470

326

1,315

293

Income from equity method investments, net

(1,133)

(460)

Net loss

(21,165)

(44,100)

(38,216)

(71,058)

Less: net income (loss) attributable to noncontrolling interests

142

(751)

(85)

(1,307)

Net loss attributable to stockholders and members of Gloo Holdings, Inc. and Gloo Holdings, LLC, respectively

$ (21,307)

$ (43,349)

$ (38,131)

$ (69,751)

Net loss per share attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively, basic

$ (0.25)

$ (6.45)

$ (0.47)

$ (10.4)

Net loss per share attributable to common stockholders of Gloo Holdings, Inc. (Class A and Class B) and units of members of Gloo Holdings, LLC, respectively, dulited

$ (0.25)

$ (6.45)

$ (0.47)

$ (10.4)

Weighted average number of common units outstanding, basic

^[9]

84,096,399

8,217,024

81,406,063

8,217,024

Weighted average number of common units outstanding, diluted

^[9]

84,096,399

8,217,024

81,406,063

8,217,024

Platform Revenue

Revenue

Revenue

^[1]

$ 23,643

$ 8,746

$ 47,755

$ 17,241

Operating expenses:

Cost of revenue

12,888

6,364

26,058

12,785

Platform Solutions Revenue

Revenue

Revenue

^[1]

22,930

7,427

40,348

11,234

Operating expenses:

Cost of revenue

$ 16,908

$ 5,730

$ 31,839

$ 8,183

[1]	Includes revenues from related parties of $2.3 million and $1.2 million for the three months ended July 31, 2026 and 2025, respectively, and $4.7 million and $1.9 million for the six months ended July 31, 2026 and 2025, respectively.
[2]	Excludes depreciation and amortization.
[3]	Excludes depreciation and amortization.
[4]	Includes product development expense from related parties of nil and $0.6 million for the three months ended July 31, 2026 and 2025, respectively, and nil and $2.1 million for the six months ended July 31, 2026 and 2025, respectively.
[5]	Includes sales and marketing expense from related parties of nil and $0.3 million for the three months ended July 31, 2026 and 2025, respectively, and $0.1 million and $0.3 million for the six months ended July 31, 2026 and 2025, respectively.
[6]	Includes general and administrative expense from related parties of $0.1 million and $0.1 million for the three months ended July 31, 2026 and 2025, respectively and $0.4 million and $0.3 million for the six months ended July 31, 2026 and 2025, respectively.
[7]	Includes lease expense from related parties of $0.4 million and $0.3 million for the three months ended July 31, 2026 and 2025, respectively, and $0.7 million and $0.6 for the six months ended July 31, 2026 and 2025, respectively.
[8]	Includes net charges from related parties of $0.2 million and $2.8 million for the three months ended July 31, 2026 and 2025, respectively and $0.5 million and $5.3 million for the six months ended July 31, 2026 and 2025, respectively.
[9]	Included in weighted average shares of Gloo Holdings, Inc are 197,663 of exchangeable shares. Refer to Note 18, Stockholders’ Equity and Members’ Deficit included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2026, for additional information.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Operating activities:
Net loss	$ (38,216)	$ (71,058)
Adjustments to reconcile net loss attributable to common stockholders and members to net cash used in operating activities:
Equity-based compensation expense	6,768	3,275
Depreciation and amortization	7,095	5,200
Amortization of deferred financing costs	359	1,247
Provision for expected credit losses	445	479
Lease expense	903	862
Deferred income taxes	(601)	(360)
(Gain) loss from change in fair value of financial instruments	(216)	11,436
Loss from equity method investments, net		106
Loss on extinguishment of debt	0	7,473
Loss on sale/disposal of PPE	2
Inventory reserve	(169)
Abandonment of capital software	190
Debt assumed through PIK interest	240	41
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(4,905)	(1,385)
Prepaid expenses and other current assets	(2,095)	232
Other non-current assets	(817)	(4,478)
Accounts payable	440	4,281
Accrued expenses and other current liabilities	1,631	163
Deferred revenue	884	(1,134)
Other non-current liabilities	103	(606)
Net cash used in operating activities	(27,959)	(44,226)
Investing activities:
Purchases of property and equipment	(1,381)	(520)
Capitalized internal-use software costs	(5,886)	(6,447)
Purchase of investments	(100)
Acquisitions, net of cash acquired	(3,021)	(3,765)
Net cash used in investing activities	(10,388)	(10,732)
Financing activities:
Payments on debt	(2,722)	(24)
Proceeds from debt		56,950
Payments of deferred financing costs		(73)
Payment of acquisition related liabilities	(706)
Proceeds from exercise of common stock and common unit options	88	64
Proceeds from Member Advances received		6,700
Proceeds from Series A Preferred Units issuance		600
Proceeds from issuance of Class A common stock upon follow on offering, net of underwriting discounts and commissions and other offering costs	23,677
Net cash provided by financing activities	20,337	64,217
Effect of exchange rate changes on cash and cash equivalents	(14)	(260)
Net decrease in cash, cash equivalents and restricted cash	(18,024)	8,999
Beginning of period	57,562	13,844
End of period	39,538	22,843
Supplemental disclosures of cash flow information:
Cash paid for interest	1,043	2,750
Cash paid for taxes, net of refunds	55
Supplemental disclosure of non-cash investing and financing activity:
Conversion of accounts receivable to investments	1,058
Modification of operating leases	$ 459
ROU assets obtained in acquisitions		2,206
ROU assets obtained in exchange for new lease liabilities		$ 1,315

Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands

Jul. 31, 2026

Jan. 31, 2026

Current assets:

Cash and cash equivalents

$ 39,282

$ 57,307

Restricted cash

256

255

Accounts receivable, net of allowance for credit losses of $76 and $75, respectively

^[1]

18,260

10,697

Inventory, net

1,102

1,397

Contract assets

726

1,259

Prepaid expenses and other current assets

7,827

4,689

Total current assets

67,453

75,604

Property and equipment, net

4,881

4,166

Capitalized software, net

32,113

30,078

ROU operating lease asset

^[2]

7,339

8,705

Investments

1,258

100

Other non-current assets

378

370

Intangible assets, net

38,392

37,283

Goodwill

119,320

107,353

Total assets

271,134

263,659

Current liabilities:

Accounts payable

^[3]

10,154

9,356

Accrued compensation

^[4]

10,627

8,397

Accrued liabilities

6,737

6,414

2,292

2,056

Deferred revenue

18,072

14,581

Debt, current

^[5]

5,121

5,812

Lease liabilities, current

^[6]

1,948

1,925

Total current liabilities

54,951

48,541

709

1,346

Debt, non-current

^[7]

32,295

29,485

Lease liabilities, non-current

^[8]

5,700

7,076

Derivative liability

^[9]

501

399

Deferred income taxes

2,937

4,353

MW Call Option

12,540

12,858

Other non-current liabilities

1,914

1,919

Total liabilities

111,547

105,977

Commitments and Contingencies

Mezzanine Equity:

Redeemable NCI

3,764

3,559

Total mezzanine equity

3,764

3,559

Stockholders' Equity:

Treasury stock, at cost; 298,835 shares as of July 31, 2026 and January 31, 2026

(3,771)

Additional paid-in capital

218,912

178,619

Accumulated deficit

(78,250)

(40,119)

Accumulated other comprehensive income

182

364

Equity attributable to stockholders of Gloo Holdings, Inc

137,164

135,174

Equity attributable to noncontrolling interests

18,659

18,949

Total stockholders' equity

155,823

154,123

Total liabilities, mezzanine equity, and stockholders' equity

271,134

263,659

Common Class A [Member]

Stockholders' Equity:

Common Stock, Value, Issued

Common Class B [Member]

Stockholders' Equity:

Common Stock, Value, Issued

$ 52

$ 70

[1]	Includes related party accounts receivable of $0.4 million and $0.2 million as of July 31, 2026 and January 31, 2026, respectively.
[2]	Includes related party leases of $4.2 million and $5.1 million as of July 31, 2026 and January 31, 2026, respectively.
[3]	Includes related party accounts payable of $0.2 million and $1.0 million as of July 31, 2026 and January 31, 2026, respectively.
[4]	Includes related party accrued compensation of $0.2 million and nil as of July 31, 2026 and January 31, 2026, respectively.
[5]	Includes current debt from related parties of $3.1 million and $4.0 million as of July 31, 2026 and January 31, 2026, respectively.
[6]	Includes related party leases of $0.9 million and $1.0 million as of July 31, 2026 and January 31, 2026, respectively.
[7]	Includes non-current debt from related parties of $15.2 million and $24.5 million as of July 31, 2026 and January 31, 2026, respectively.
[8]	Includes related party leases of $3.3 million and $4.2 million as of July 31, 2026 and January 31, 2026, respectively.
[9]	Includes the derivative liability associated with non-current debt from related parties of $0.3 million and $0.3 million as of July 31, 2026 and January 31, 2026, respectively.