Revenue growth has accelerated to $41.5M in 2026Q1, yet this is undermined by structurally constrained gross margins of 32.3% and an operating margin of -45.1%.
| Sales/Revenue | 123.89M | 94.66M | 23.22M | 21.29M |
| Revenue Growth % | - | 307.74% | 9.05% | - |
| Cost of Goods Sold | 93.45M | 71.55M | 19.75M | 11.16M |
| COGS % of Revenue | - | 75.59% | 85.07% | 52.4% |
| Gross Profit | 30.43M | 23.11M | 3.47M | 10.13M |
| Gross Margin % | 24.57% | 24.41% | 14.93% | 47.6% |
| Gross Profit Growth % | - | 566.46% | -65.79% | - |
| Operating Expenses | 135.27M | 131.28M | 86.73M | 54.64M |
| OpEx % of Revenue | - | 138.68% | 373.6% | 256.66% |
| Selling, General & Admin | 103.95M | 96.37M | 37.72M | 36.86M |
| SG&A % of Revenue | - | 101.81% | 162.46% | 173.14% |
| Research & Development | 21.93M | 23.74M | 0 | 17.78M |
| R&D % of Revenue | - | 25.08% | - | 83.52% |
| Other Operating Expenses | 3M | 11.16M | 49.02M | 0 |
| Operating Income | -104.83M | -108.17M | -83.27M | -44.51M |
| Operating Margin % | -84.62% | -114.27% | -358.67% | -209.06% |
| Operating Income Growth % | - | -29.91% | -87.09% | - |
| EBITDA | -92.77M | -97.01M | -75.55M | -39.82M |
| EBITDA Margin % | -74.88% | -102.48% | -325.44% | -187.05% |
| EBITDA Growth % | - | -28.4% | -89.73% | - |
| D&A (Non-Cash Add-back) | 12.06M | 11.16M | 7.71M | 4.68M |
| EBIT | -122.86M | -146.81M | -81.28M | -44.46M |
| Net Interest Income | -12.57M | -14.35M | -4.74M | -3.8M |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 12.57M | 14.35M | 4.74M | 3.8M |
| Other Income/Expense | -44.51M | -50.2M | -3.33M | -3.91M |
| Pretax Income | -149.34M | -158.37M | -86.6M | -48.42M |
| Pretax Margin % | -120.55% | -167.3% | -373.01% | -227.44% |
| Income Tax | -516K | 362K | -796K | -106K |
| Effective Tax Rate % | 0.35% | -0.23% | 0.92% | 0.22% |
| Net Income | -147.55M | -157.13M | -85.69M | -48.31M |
| Net Margin % | -119.1% | -165.99% | -369.09% | -226.94% |
| Net Income Growth % | - | -83.37% | -77.36% | - |
| Net Income (Continuing) | -148.83M | -158.73M | -85.8M | -48.31M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 22.28M | 22.51M | 6.73M | 0 |
| EPS (Diluted) | -1.82 | -2.26 | -1.35 | -0.98 |
| EPS Growth % | - | -67.41% | -37.76% | - |
| EPS (Basic) | - | -2.26 | -1.35 | -0.98 |
| Diluted Shares Outstanding | 80.87M | 80.57M | 78.66M | 78.66M |
| Basic Shares Outstanding | 80.87M | 80.57M | 78.66M | 78.66M |
| Dividend Payout Ratio | - | - | - | - |
Unsustainable Cash Burn Rate
According to recent financial disclosures, GLOO achieved a significant revenue surge, yet the underlying growth appears heavily reliant on high-cost acquisition strategies rather than organic software adoption, as evidenced by the company's rapid expansion from $16.2M in 2025Q2 to $41.5M in 2026Q1.
The rapid top-line expansion suggests a land-grab strategy within the faith-tech vertical, but the lack of a consistent multi-year CAGR makes it difficult to determine the durability of this growth. Investors should monitor whether this trajectory is driven by repeatable subscription revenue or volatile, project-based marketplace connections that may not scale efficiently.
As reported in quarterly filings, GLOO's gross margin remains structurally constrained at 32.3% in 2026Q1, which is significantly lower than typical application software peers and suggests that the company's core product delivery involves substantial variable costs that limit potential operating leverage.
The persistent inability to achieve gross margins exceeding 40% indicates that the company may be functioning more as a tech-enabled service provider than a pure-play SaaS entity. This margin profile warrants further investigation into whether the company is recognizing revenue on a gross basis, which would artificially inflate top-line figures while masking the true cost of service delivery.
Based on the provided income statement data, GLOO's operating losses remain extreme, with an operating margin of -45.1% in 2026Q1, indicating that the company has yet to demonstrate the ability to scale its fixed cost base effectively against its current revenue trajectory.
The massive disparity between revenue growth and operating income suggests that SG&A and R&D investments are being deployed at an unsustainable rate. Without a clear path to operating leverage, the company appears to be trading long-term viability for short-term market share, which may necessitate future dilutive financing.
Analysis of recent financial statements reveals that GLOO's net losses are exacerbated by significant stock-based compensation, which reached $3.7M in 2026Q1 and $10.5M in 2025Q4, further complicating the assessment of the company's underlying operational performance and true cash-generating capability.
The reliance on equity-based incentives during a period of heavy cash burn suggests that management is attempting to preserve liquidity while incentivizing growth. Investors should be wary of the impact these non-cash charges have on the reported EPS, as they may obscure the true economic cost of the company's aggressive expansion strategy.
Based on reported figures, the company's reliance on high-volume, low-margin connections creates a significant risk, as the current -114% historical operating margin suggests that the cost of acquiring each new user interaction may exceed the lifetime value generated by those connections.
Short-sellers would likely focus on the potential for a liquidity crunch, given the $57.3M cash position relative to the current quarterly burn rate. If the company cannot pivot toward a higher-margin subscription model, the current valuation may face a severe correction as the market reconciles the company's software label with its service-level economics.
Quick answers to the most common questions about buying GLOO stock.
For fiscal year 2025, Gloo Holdings, Inc. (GLOO) reported total revenue of $94.7M. This represents a 344.6% increase compared to $21.3M in 2023.
Gloo Holdings, Inc. (GLOO) reported a net loss of $157.1M for the fiscal year ending 2025.
Gloo Holdings, Inc. (GLOO) reported an operating income of $-108.2M, resulting in an operating profit margin of -114.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Gloo Holdings, Inc. (GLOO) generated $23.1M in gross profit for the year, representing a gross profit margin of 24.4%. This demonstrates the company's core pricing power and production efficiency.