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Call sheet · Q2'26

Gloo Holdings (GLOO)

Q2'26 earnings call · held September 9, 2026 · compared with the Q1'26 call · management-credibility review
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Disclosure score
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Financial quality
Bottom line
Gloo is delivering revenue ahead of its own plan and improving adjusted EBITDA. The filing also supports meaningful growth on a pro forma basis. Neither fact establishes durable cash profitability: accounting-related comparisons flatter the net-loss improvement, development spending absorbs cash, and financing dependence remains explicit. The next underwriting milestone is not another acquisition or customer-count announcement; it is delivering the Q3 bridge while demonstrating credible funding and cash conversion into Q4. [1][3][4]

What changed this quarter

MetricQ1'26Q2'26Change
RevenueQ2 FY2025: $16.173 million; Q2 forecast: $44 millionQ2 FY2026: $46.573 millionUp 188.0% year over year and 5.8% above management's forecast; not an organic-growth measure. [2][3]
Consolidated net income / lossQ2 FY2025: loss of $44.100 millionQ2 FY2026: loss of $21.165 millionLoss narrowed $22.935 million; operating-loss improvement contributed $3.874 million. [3]
Reported basic and diluted loss per share/unitQ2 FY2025: $6.45 per LLC unitQ2 FY2026: $0.25 per common shareDifferent capital structures and denominators make the reported comparison unsuitable as a clean operating-growth indicator. [3][4]
Adjusted EBITDAQ1 FY2026: negative $11.509 million, derived from first-half reconciliationQ2 FY2026: negative $8.309 millionSequential improvement of $3.200 million; remains distinct from GAAP loss and cash flow. [3]
Operating cash flowFirst half FY2025: negative $44.226 millionFirst half FY2026: negative $27.959 millionCash burn improved $16.267 million; these are six-month figures, not Q2 standalone results. [3]
FY2026 revenue guidance$195 million on June 8$200 million on September 9, including CedarstoneA 2.6% increase with an expanded acquisition perimeter; annual target remains open. [1][2]

Accountability tracked

5 prior promises scored
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Scores, kept-promise rates, and flags on this site reflect the author's opinion, applying a stated methodology to statements management made on public earnings calls. Informational and educational purposes only - not investment advice, a recommendation, or an offer to buy or sell any security. Sources believed reliable but not guaranteed; the author may hold positions in the securities discussed.

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