Financial Performance - Total revenue for Q3 2025 was $32.6 million, representing a 432% year-over-year increase, exceeding consensus estimates of $24.0 million[7] - Platform revenue reached $19.8 million, up 226% year-over-year, with an increase of $13.7 million compared to Q3 2024[7] - Net loss for the quarter was $39.0 million, compared to a loss of $13.6 million in the prior year, with a non-GAAP net loss of $26.7 million[7] - Adjusted EBITDA was negative $19.2 million, better than the consensus estimate of negative $23.0 million[7] - Total revenue for the three months ended October 31, 2025, was $32,552,000, a significant increase from $6,123,000 in the same period of 2024, representing a growth of 431%[24] - Platform revenue reached $19,824,000 for the three months ended October 31, 2025, compared to $6,087,000 in the prior year, marking a 226% increase[24] - Gloo Holdings reported a net loss of $39,027,000 for the three months ended October 31, 2025, compared to a net loss of $13,626,000 for the same period in 2024, representing an increase of 187%[28] - The adjusted EBITDA for the three months ended October 31, 2025, was $(19,209,000), compared to $(10,193,000) for the same period in 2024, indicating a decline of 88%[28] - Non-GAAP net loss attributable to members of Gloo Holdings, LLC was $(26,731,000) for the three months ended October 31, 2025, compared to $(14,164,000) for the same period in 2024, reflecting an increase of 88%[28] - The total net loss for the nine months ended October 31, 2025, was $(110,084,000), compared to $(41,020,000) for the same period in 2024, an increase of 168%[28] Future Projections - Gloo expects Q4 2025 revenue to be between $28 million and $30 million, indicating over 300% year-over-year growth[9] - For fiscal year 2026, Gloo anticipates revenue to exceed $180 million, more than doubling from the previous year[9] Customer and Market Development - Gloo has secured over 20 customers in 2025, each contributing over $1 million in annual contract value, with expectations for acceleration in 2026[7] - The company announced three strategic acquisitions, including Westfall Gold, XRI Global, and Igniter, which are expected to be accretive[7] Innovation and Initiatives - Gloo launched the Flourishing AI Christian (FAI-C) Benchmark to support values-aligned AI adoption across its ecosystem[8] - The company hosted an AI Hackathon with over 700 developers to create Kingdom-aligned AI solutions[8] Financial Position - Cash and cash equivalents at the end of the period were $15,389,000, up from $13,844,000 at the beginning of the period, showing a net increase of $1,545,000[26] - Total assets as of October 31, 2025, amounted to $206,700,000, compared to $120,824,000 as of January 31, 2025, representing a growth of 71%[22] - Total liabilities increased to $264,829,000 as of October 31, 2025, from $106,932,000 as of January 31, 2025, indicating a rise of 147%[22] - The company incurred interest expenses of $12,393,000 for the nine months ended October 31, 2025, compared to $2,854,000 in the same period of 2024, an increase of 334%[24] - The company reported a net cash used in operating activities of $62,954,000 for the nine months ended October 31, 2025, compared to $33,238,000 in the same period of 2024, reflecting an increase of 89%[26] Shareholder Metrics - The weighted-average common units used to compute net loss per unit for the nine months ended October 31, 2025, were 8,239,088, compared to 7,643,420 in 2024, an increase of 7.8%[24] - The weighted average number of common units outstanding increased to 8,282,512 for the three months ended October 31, 2025, from 7,769,167 in the same period of 2024, a growth of 7%[28] - The net loss per unit available to members of Gloo Holdings, LLC was $(6.08) for the three months ended October 31, 2025, compared to $(2.41) for the same period in 2024, an increase of 152%[28] - Non-GAAP net loss per unit available to members of Gloo Holdings, LLC was $(4.71) for the three months ended October 31, 2025, compared to $(2.48) for the same period in 2024, reflecting an increase of 90%[28] Other Financial Details - Gloo Holdings incurred IPO-related costs of $2,251,000 for the three months ended October 31, 2025, with no such costs reported in the same period of 2024[28] - The loss from the change in fair value of financial instruments was $9,067,000 for the three months ended October 31, 2025, compared to a gain of $(538,000) for the same period in 2024[28] - The net loss attributable to noncontrolling interests was $(978,000) for the three months ended October 31, 2025, with no losses reported in the same period of 2024[28]
Gloo Holdings(GLOO) - 2026 Q3 - Quarterly Results