Faith-Based Tech Company Gloo Faces Critical Moment After 438 Million Dollars in Losses

Gloo Holdings, a Boulder, Colorado company that provides technology and AI tools to churches and Christian nonprofits, is fighting for its financial survival after accumulating 438 million dollars in losses since 2013.

The company disclosed the figures in recent filings with the Securities and Exchange Commission. Net losses totaled 158.7 million dollars in fiscal 2025 and 85.8 million dollars in fiscal 2024. Operating cash outflows reached 80.5 million dollars in the year ended January 31, 2026.

Gloo management formally disclosed "substantial doubt" about the company's ability to continue as a going concern, citing recurring losses, limited liquid resources, and reliance on external financing.

Despite the losses, the company showed signs of improvement in early 2026. First-quarter revenue hit 41.5 million dollars, more than double its performance in the same period a year earlier. Quarterly losses narrowed to 17 million dollars, down from 27 million dollars.

Approximately 140,000 churches and ministry leaders use at least some of Gloo's services. The company has built its platform through acquisitions, including Barna Group, Outreach Inc., and Masterworks, betting that aggregating a large user base will eventually generate consistent revenue.

In July 2026, Gloo launched a stock offering aimed at raising more than 20 million dollars. CEO Scott Beck and executive chair Pat Gelsinger offered to purchase 6 million dollars in stock themselves as a show of confidence.

The company's stock dropped from a high of 9.50 dollars in November 2025 to under 4 dollars by July 2026. Gloo has also cut staff and reduced top executive salaries to one dollar as it works to reach profitability by year's end.