Gloo (GLOO) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue grew 432% year-over-year to $32.6 million, driven by strong platform demand, acquisitions, and surpassing consensus estimates.

• Completed IPO in November 2025, raising $72.3 million and converting $143.1 million of convertible notes to equity, significantly reducing debt.

• Six acquisitions in 2025, including Igniter, XRI Global, and a definitive agreement to acquire Westfall Gold, expanded technology, content, and consulting capabilities.

• Net loss widened to $39.0 million in Q3 and $110.1 million for the nine months ended October 31, 2025, reflecting higher operating expenses and transaction costs.

• Advanced AI strategy with new features, developer engagement, and partnerships, including a hackathon and faith-aligned AI initiatives.

Financial highlights

• Q3 2025 revenue was $32.6 million, up 432% year-over-year and 101% sequentially, beating consensus by $8.6 million.

• Platform revenue reached $19.8 million, up 226% year-over-year and 127% sequentially; Platform Solutions revenue was $12.7 million, up 71% sequentially.

• Adjusted EBITDA for Q3 2025 was negative $19.2 million, a $500,000 improvement from Q2, but up year-over-year due to growth investments.

• Non-GAAP net loss per unit was $(4.71) for Q3 2025; net loss per unit for the nine months was $(15.98).

• Cash and cash equivalents were $15.1 million as of October 31, 2025; IPO proceeds added $72.3 million.

Outlook and guidance

• Q4 2025 revenue expected between $28 million and $30 million, more than tripling year-over-year.

• Q4 2025 adjusted EBITDA expected between negative $19.5 million and negative $18.5 million.

• Fiscal 2026 revenue projected to exceed $180 million, with $40 million from acquisitions, and positive adjusted EBITDA targeted for Q4 2026.

• Management sees continued growth opportunities through acquisitions, AI platform expansion, and cross-selling.

• Substantial doubt exists about the ability to continue as a going concern without additional capital or profitability.