Gloo (GLOO) Registration filing summary

Company overview and business model

• Operates a technology and AI platform serving the faith and flourishing ecosystem, targeting churches, ministries, nonprofits, and related organizations.

• Offers two core capabilities: Powering Tech (modernizing IT, data, and workflows) and Powering Reach (media, marketing, fundraising, and donor engagement).

• Platform leverages proprietary and third-party AI, with a focus on values-aligned, agentic AI for mission-driven organizations.

• Growth strategy combines organic execution with targeted acquisitions to expand offerings and market presence.

• Serves over 140,000 churches and 3,000 NCPs, with more than 25 customers having annual contracts above $1 million.

Financial performance and metrics

• Fiscal year ended January 31, 2026: total revenue $94.7M, net loss $158.7M, adjusted EBITDA $(74.3)M.

• Three months ended April 30, 2026: revenue $41.5M, net loss $17.1M.

• Cash and cash equivalents as of April 30, 2026: $33.0M; accumulated deficit: $56.9M.

• Management has concluded there is substantial doubt about ability to continue as a going concern for at least 12 months from April 30, 2026.

• Revenue diversification increased through acquisitions, with platform solutions representing a significant portion.

Use of proceeds and capital allocation

• Net proceeds intended for general corporate purposes, including acquisitions, investments, working capital, operating expenses, and capital expenditures.

• No current agreements or commitments for acquisitions or investments using IPO proceeds.

• Management has broad discretion over use of proceeds.