Gloo Touts Tripled Q1 Revenue, EBITDA Gains and New Financing at Annual Meeting

Gloo Touts Tripled Q1 Revenue, EBITDA Gains and New Financing at Annual Meeting

Written by MarketBeat July 13, 2026

Key Points

Gloo said it more than tripled Q1 revenue year over year and improved adjusted EBITDA to negative $11.5 million , marking its third straight quarter of sequential EBITDA improvement and beating guidance/Street expectations. Management said the company recently completed a new financing that strengthens the balance sheet and provides capital for future strategic acquisitions as Gloo works toward profitability.

At its annual meeting, stockholders reelected three directors —Bishop Claude Alexander Jr., John Furst and Derrick Green—and ratified Crowe LLP as independent auditor for fiscal 2027.

Gloo NASDAQ: GLOO stockholders reelected three directors and ratified the company’s independent auditor during the company’s 2026 annual meeting, while management highlighted recent revenue growth, improving adjusted EBITDA and a newly completed financing. Chief Executive Officer Scott Beck, who chaired the meeting, opened with a brief business update before the formal voting items. Beck said Gloo is “building the leading technology platform for the faith and flourishing ecosystem,” with applied artificial intelligence serving as “a defining capability across the platform.” Beck described the company’s target market as a “large, durable, and highly fragmented ecosystem” that includes education, social impact, Bible translation, churches and denominations.

CEO Highlights Revenue Growth and EBITDA Progress Beck said the company remains in “a very strong position” and continues to execute against its plan. He noted that Gloo “more than tripled” first-quarter revenue year over year. He also said the company improved adjusted EBITDA to negative $11.5 million in the first quarter, which he said was ahead of guidance an...