Monitor for the priced prospectus (424B4) to determine actual offering size and price — all current figures are TBD placeholders. Watch for insider participation signals from CEO Beck's preliminary interest indication, and track any subsequent material weakness remediation updates in 10-Q filings.
Executive Summary
Gloo Holdings filed an S-1 registration statement for a follow-on public offering of Class A common stock. The company operates an AI-powered technology platform serving the faith and flourishing ecosystem, with revenue growing from $23.2M (FY2025) to $94.7M (FY2026), but net losses widened from $85.8M to $158.7M. The filing discloses substantial doubt about going concern, material weaknesses in internal controls, and CEO Scott Beck's control of ~46.5% voting power post-offering through super-voting Class B shares. All key offering details (number of shares, price, net proceeds) remain undisclosed as TBD placeholders.
Key Financial Metrics
Key Facts
- Revenue grew ~308% YoY from $23.2M (FY2025) to $94.7M (FY2026), but net loss widened from $85.8M to $158.7M
- Management disclosed substantial doubt about ability to continue as going concern for at least 12 months from April 30, 2026
- Cash and cash equivalents of $33.0M as of April 30, 2026; used $17.1M cash in operations in Q1 FY2027
- Material weaknesses in internal control over financial reporting persist as of April 30, 2026
- CEO Scott Beck controls ~46.5% voting power post-offering via super-voting Class B shares (10 votes each)
- All offering specifics (size, price, proceeds) are placeholders; estimated maximum aggregate offering price is $30M per filing fee table
- Subscription revenue was only 18% of FY2026 total revenue and 21% in Q1 FY2027
- Company has executed 20 strategic investments/acquisitions, with repurchase rights on Visitor Reach and Midwestern holdings
Financial Impact
$30M maximum aggregate offering price per fee table; net proceeds use for general corporate purposes including M&A, working capital, and operating expenses. FY2026 net loss of $158.7M on $94.7M revenue with negative $74.3M Adjusted EBITDA.
Risk Factors
- Substantial doubt about going concern — company needs additional capital or profitable operations within 12 months
- Material weaknesses in internal controls could lead to delayed or misstated financial reporting
- CEO Beck controls super-voting majority, limiting minority shareholder influence
- Persistent operating losses with negative $74.3M Adjusted EBITDA on $94.7M revenue
- Acquisition-heavy growth strategy carries integration and impairment risks (FY2024 had $27.8M goodwill impairment)
- Repurchase rights on Visitor Reach and Midwestern could force deconsolidation of 12.2% of revenue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1 Filing (Primary) | 0001193125-26-277637 |
| Document: gloo-exfiling_fees.htm | 0001193125-26-277637 |
| Document: gloo-ex23_1.htm | 0001193125-26-277637 |
| Document: gloo-ex23_2.htm | 0001193125-26-277637 |
| Document: 0001193125-26-277637-index-headers.html | 0001193125-26-277637 |
| Document: 0001193125-26-277637-index.html | 0001193125-26-277637 |
| Document: 0001193125-26-277637.txt | 0001193125-26-277637 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 5w ago | Insider Cluster | $4.07 $4.91 | ▲ +20.64% | ▲ +19.50% | $2.93 (−28.01%) |
Sep 14, 2026 5w ago | Insider Cluster | $3.28 $4.07 | ▲ +24.09% | ▲ +24.53% | $2.93 (−10.67%) |
Sep 11, 2026 6w ago | Insider Cluster | $3.42 $3.28 | ▼ −4.09% | ▼ −3.63% | $2.93 (−14.33%) |
Jul 20, 2026 13w ago | Insider Cluster | $3.30 $3.28 | ▼ −0.61% | ▼ −0.49% | $2.93 (−11.21%) |
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Jul 10, 2026 15w ago | Insider Cluster | $3.16 $3.38 | ▲ +6.96% | ▲ +6.61% | $2.93 (−7.28%) |
Jul 10, 2026 15w ago | Insider Cluster | $3.16 $3.38 | ▲ +6.96% | ▲ +6.61% | $2.93 (−7.28%) |
Jul 8, 2026 15w ago | EFFECT | $3.98 $3.04 | ▲ +23.62% | ▲ +24.46% | $2.93 (+26.38%) |
Jul 6, 2026 16w ago | S-1/A | $3.98 $3.78 | ▲ +5.03% | ▲ +4.55% | $2.93 (+26.38%) |
US Market Status
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