Gloo Holdings, Inc.

Thank you for standing by. Welcome to the Glue Holdings Fiscal Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1-1 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 1-1 again. we ask that you please limit yourselves to one question and one follow-up. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Oliver Roll, Chief Marketing and Communications Officer. Please go ahead, sir.

Thank you, operator. And thank you to all of you for joining our fiscal fourth quarter and full year 2025 earnings conference call. We'll be discussing Glue's performance for the fourth quarter ended January the 31st as well as our results for the full year 2025. We'll also be providing guidance for our Q1 and full year 2026. Joining me on today's call are CEO and co-founder Scott Beck and CFO Paul Seaman. 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 which are based on GLUE's current expectations, but which are subject to risks and uncertainties relating to future events and or the future financial performance of GLUE. 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 and elsewhere in our filings with the Securities and Exchange Commission, including our prospectus dated November 18th, 2025, and our annual report on Form 10-K that we expect to file later this week. Our SEC filings are also available on Glu's Investor Relations website at investors.glu.com and the SEC's website. In addition, during today's call, we'll discuss certain non-GAAP financial measures, Reconciliations of these non-GAAP metrics to the most directly comparable GAAP metrics, as well as the definitions of each measure, their limitations, and our rationale for using them are included in today's press release and in our Form 10-K. And now, I'll turn the call over to Scott.

Thank you, Oliver, and thank you for joining our 2025 fourth quarter and year-end earnings call. Q4 was a strong quarter for Glue that exceeded our guidance and capped a strong year in 2025, our first year as a public company. In Q4 2025, we more than quadrupled our revenue compared to the prior year period. We also exited 2025 with a much stronger balance sheet following our November IPO and the conversion of a significant majority of our debt into equity. We're also making good progress toward adjusted EBITDA profitability as reflected in our Q1 guidance of more than 30% improvement in adjusted EBITDA from Q4. We remain confident in achieving adjusted EBITDA profitability in Q4 2026. and continue to expect to approach adjusted EBITDA profitability in Q3. These results and our confidence in the future reflect the unique value that we are delivering against two mission-critical needs across the faith and flourishing ecosystem, the need to modernize technology and the need to expand reach. Our growth is driven organically as well as through continued expansion from accretive strategic acquisitions that strengthen our platform. Before I go deeper into our strategy, I want to briefly revisit the ecosystem that we serve because that context is important to understanding both our opportunity and our results. Glue is building the leading technology platform for the faith and flourishing ecosystem. This is one of the oldest and largest sectors in the world. yet one that remains highly fragmented and materially underserved by modern technology. At the center of this ecosystem are two interconnected groups. First are churches and frontline organizations, or CFLs, which serve people and communities directly. The second are network capability providers, or NCPs, which equip them with the tools, services, resources, and infrastructure that they need to succeed. At the heart of the ecosystem, we also see two mission-critical and unmet needs. One is the need to modernize technology, including systems, data, workflows, and core operating infrastructures. The other is the need to expand reach, deepen engagement, and increase donor support in more effective and scalable ways. The GLOOP platform is built to address those needs through two core areas of focus, powering technology and powering reach. Our solutions that power tech help organizations modernize their operations and build the foundation required to adopt new technologies effectively. Our solutions that power reach help organizations expand awareness, strengthen engagement, and grow support through differentiated marketing, media, and fundraising. Underpinning everything is the company's growing leadership in applied AI. We're leveraging the latest innovations in agentic AI, foundational models, and services from top AI companies. We're combining that with the AI advancements across our own platform. As part of this strategy, we're taking over more of our customers' work that can now be executed by AI. We take over a customer's technology operations, we modernize them, and then we apply agentic AI to deliver significantly better outcomes at lower costs while also creating higher margins for glue and highly durable revenue streams. This allows AI to be uniquely applied to the real operations, workflows, and mission-critical activities of churches, ministries, and not-for-profits in ways that protect theological integrity, strengthen relational ministry, and advance human flourishing. This approach is supported by forward-deployed engineers, similar to the models used by Palantir. We understand customer operations and build tailored agentic solutions that create meaningful, repeatable value. Over time, we believe that expands our opportunity well beyond software spend into the much larger labor budgets that sit behind it. We believe Glue is uniquely positioned to lead applied AI in the faith and flourishing ecosystem by helping customers harness those capabilities in practical mission aligned ways. I now want to turn to our broader platform strategy and how we continue to strengthen it over time. As the platform expands, it benefits from a powerful flywheel effect. Each new capability, solution, and network capability provider makes the platform even more valuable to the churches and the frontline organizations that we serve. And as more of these organizations engage, the platform becomes more valuable to the network capability providers and the partners serving them. Strategic acquisitions are a key part of strengthening that flywheel, enhancing our ability to power tech and power reach for our customers. Earlier today, we announced our latest example of that flywheel in action. Today, we announced the definitive agreement to acquire Enterprise Market Desk, known as EMD, a leading workday service partner that provides consulting, implementation, and operating services to small and mid-sized organizations and not-for-profits. This is an important addition to our solutions for powering tech. Workday is a leading ERP platform in the faith and flourishing ecosystem, and often the preferred solution for many of the Glue Enterprise customers, creating clear synergies between the two companies. EMD offers a full suite of services, including Workday deployments, application management services, and staff augmentation. This strengthens the Glue 360 value proposition and expands our ability to help customers modernize core systems and transform IT in more strategic ways through our applied AI. This aligns with our core strategy of taking over and modernizing the work of an organization, using forward deployed engineers, then applying agentic AI, thereby delivering better results at lower cost, while at the same time creating higher margins for Glue. Workday offers a major set of capabilities that we see many of the organizations in the faith and flourishing ecosystem using more often. Workday implementations are long cycle engagements that will lead to larger digital transformation mandates that Glue 360 is uniquely able to support. In addition, we successfully completed the acquisition of Westfall Group during the quarter. Westfall is a leading platform for major donor engagement in the faith and flourishing ecosystem. Its addition has expanded our donor development capabilities and strengthened the strategic fit and synergies with Masterworks, which we acquired in 2025. Together, these moves reflect our disciplined approach of adding best-in-class network capability providers as glue capital partners, strengthening the platform, and reinforcing the flywheel. Westfall Group has been immediately accretive since close, and we anticipate EMD will be immediately accretive upon close as well. Now, let me turn back to the importance of AI to our strategy. Underpinning everything we do is our growing leadership and applied AI. Our applied AI strategy is focused on three areas. First, we're building the core AI capabilities we believe the ecosystem needs, including agents, values-aligned AI, unified data infrastructures, and trusted chat-based interfaces. Second, we're embedding AI across our solutions to improve automation, personalization, data integration, and overall customer outcomes. Third, we're helping both our customers and Glue itself put AI agents to work and evolve toward more agentic operating models so that the ecosystem can focus more time, energy, and resources on mission. We believe this strengthens our platform, accelerates innovation across our portfolio, and reinforces our leadership in applied AI for the faith and flourishing ecosystem. Let's turn to customer momentum. We're seeing strong customer momentum across our portfolio. We continue to close larger strategic deals with two customers now expanding to almost 10 million of annual revenue. We also closed several agreements valued at more than 1 million, including an exciting expansion in the university segment through our work with Jessup University. This is the first example of us bringing the full breadth of the Glue platform to a large university, and it's a strong validation of the value that we can provide this very large market segment. We also announced the new strategic technology partnership with InterVarsity Christian Fellowship USA, with Glue 360 powering its enterprise technology operations. That will enable InterVarsity to spend less time managing systems and more time engaging students and faculty across more than 700 campuses in the United States. It's a strong example of how, by powering their technology, we can help organizations modernize operations while increasing mission impact. Separately, we also expanded our partnership with YouVersion in Brazil. establishing a co-located engineering presence alongside their regional hub to strengthen the cultural alignment with their team while building engineering capacity in the region. In a moment, Paul will take you through our guidance for Q1 and the year ahead. We remain super confident in our strategy and our outlook for 2026. Our confidence reflects the strength of the platform that we're building the flywheels that continue to strengthen as we scale, and the momentum that we're seeing across the business. It also reflects the role AI is increasingly playing as an accelerator across both powering tech and our powering reach solutions. We believe our AI is unlocking enormous possibilities for ministries, churches, and network capability providers to grow their reach and to expand their impact. Our focus on applied AI and bringing agentic workflows into the faith and flourishing ecosystem in practical, mission-aligned ways uniquely positions us to capture that opportunity. Taken together, that gives us confidence in our guidance, our path to profitability, and the long-term value we believe we are delivering to our customers and to our shareholders. Paul, over to you to talk about our numbers in more detail.