Gloo Holdings, Inc. (GLOO) is a Boulder, Colorado-based technology firm founded in 2013 by Scott A. Beck and Theresa Beck. The company develops a vertical software platform specifically designed for the faith and community flourishing ecosystem. Gloo serves two main client groups: network capability providers (NCPs) and churches/frontline organizations (CFLs). ...Gloo Holdings, Inc. (GLOO) is a Boulder, Colorado-based technology firm founded in 2013 by Scott A. Beck and Theresa Beck. The company develops a vertical software platform specifically designed for the faith and community flourishing ecosystem. Gloo serves two main client groups: network capability providers (NCPs) and churches/frontline organizations (CFLs). For CFLs, Gloo offers free services including messaging, content curation, and resource access. The platform integrates several components: Gloo Workspace, a portal for pastors and ministry leaders with tools for content, communication, analytics, and e-commerce; Gloo360, which provides enterprise-grade IT services, cybersecurity, cloud computing, and consulting; Gloo Media Network, which uses advertising technology for outreach; and Gloo AI, an artificial intelligence solution tailored to faith-based needs. Gloo's clients include faith-based institutions, community organizations, and educational establishments. As of the latest data, Gloo has 700 full-time employees and is publicly traded on NASDAQ under the symbol GLOO. The company's financials show a market capitalization of approximately $283.8 million, with a stock price of $3.46. Gloo generates revenue of about $41 million over the last twelve months but has a negative net income of -$128 million, indicating heavy investment in growth and AI technology. Key executives include CEO Scott Beck, who previously led Blockbuster and Boston Market, and Pat Gelsinger, former Intel CEO, who serves as an executive advisor. Gloo aims to empower faith-based organizations with innovative technology solutions, focusing on AI and community building, and has raised significant funding to support its mission.
Operator: Thank you for standing by, and welcome to Gloo's Fiscal First Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to hand the call over to Oliver Roll, Chief Marketing and Communications Officer. Please go ahead.
Oliver Roll: Thank you, operator, and thank you to all of you for joining our fiscal first quarter earnings conference call. We will be discussing Gloo's performance for the first quarter ended April 30, 2026, as well as providing guidance for our Q2 and full year 2026. Joining me on today's call are CEO and Co-Founder, Scott Beck; and CFO, Paul Seamon. Our Executive Board Chair and Head of Technology, Pat Gelsinger, will also join the Q&A session. Before we begin, please be reminded that this call will contain forward-looking statements, including statements related to our business, future growth, strategic initiatives, key priorities and our financial outlook for Q2 and fiscal year 2026. These statements are based on Gloo's current expectations but are subject to risks and uncertainties relating to future events and/or the future financial performance of Gloo. Gloo assumes no obligation to update or revise them, whether as a result of new developments or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements. A discussion of some of the risks that could cause actual results to differ materially from our forward-looking statements can be found in today's press release and are disclosed under the caption Risk Factors and elsewhere in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended January 31, 2026. Our SEC filings are also available on Gloo's Investor Relations website at investors.gloo.com and the SEC's website. In addition, during today's call, we will discuss certain non-GAAP financial measures, including adjusted EBITDA. We use non-GAAP measures in some of our financial discussions as we believe they provide valuable insights on our operational performance and underlying operating results. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from our GAAP results. Reconciliations of these non-GAAP metrics to the most directly comparable GAAP metrics as well as the definitions of each measure, by limitations and our rationale for using them are included in today's press release and will be included in our Form 10-Q to be filed for the quarter ended April 30, 2026. And now I'll turn the call over to Scott.
Scott Beck: Thanks, Oliver, and thank you for joining our 2026 first quarter Earnings call. Q1 was another strong quarter for Gloo. We exceeded our guidance and street consensus on both revenue and adjusted EBITDA. Revenue came in at $41.5 million, growing 3x over the prior year. This was also 13% above guidance and street consensus. Adjusted EBITDA was negative $11.5 million, also ahead of guidance and street …
