Gloo Holdings, Inc.

Thank you for standing by, and welcome to GLUE's Fiscal First Quarter 2026 Earnings Conference Call. Currently, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. To remove yourself from the queue, you may press star 1-1 again. I would now like to hand the call over to Oliver Rolle, Chief Marketing and Communications Officer. Please go ahead.

Thank you, Operator, and thank you to all of you for joining our fiscal first quarter earnings conference call. We will be discussing Glu's performance for the first quarter ended April 30th, 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 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, 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 Blue's current expectations, but are subject to risks and uncertainties relating to future events and or the future financial performance of Blue. Blue 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 Glue's investor relations website at investors.glue.com and the SEC's website. In addition, during today's call, we will discuss certain non-GAAP financial measures, including adjusted EBITDAs. 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, their limitations, and our rationale for using them are included in today's press release and will be included in our Form 10Q to be filed for the quarter ended April 30th, 2026. And now I'll turn the call over to Scott.

Thanks, Oliver. And thank you for joining our 2026 first quarter earnings call. Q1 was another strong quarter for Glue. 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 consensus, and representing more than a $7 million sequential improvement from Q4 2025. This represented our third consecutive quarter of sequential adjusted EBITDA improvement. This progress reinforces our confidence in delivering against our adjusted EBITDA profitability goals with adjusted EBITDA expected to approach breakeven in Q3 of 2026 and reach profitability in Q4 2026. Our Q1 results demonstrated that our strategy is working. We're seeing growing demand from large strategic customers, our current acquisitions are delivering compounding value, and AI is becoming an increasingly important accelerator across the business. Before turning to the specific drivers for the quarter, I want to connect our results to the broader opportunity. Glue is building the leading technology platform for the faith and flourishing ecosystem with applied AI becoming a defining capability across the platform. This is a large, durable, and highly fragmented ecosystem spanning education, social impact, Bible translation, churches, and the denominations that serve them. Donations remain the economic engine of the ecosystem, funding the mission-driven work of faith and flourishing organizations. In 2025, revenues for faith-based organizations grew 8.2% to more than $265 billion, underscoring both the scale of the opportunity and the importance of donor development. Across these segments, organizations consistently need two things. they need to modernize technology, and they need to expand marketing reach to attract more donors and more constituents. That is how we have organized the Glue platform, powering technology and powering reach. Applied AI has become an increasingly important capability of the platform. Our powering technology business is designed to take over the customer's technology operations, modernize them, and then apply agentic AI to deliver significantly better outcomes at lower cost for our customers while creating higher margins and durable revenue streams for Glue. With Powering Reach, applied AI helps customers better understand their audiences, personalize engagement, and strengthen donor development. That combination is what makes Glue distinct. We are not simply providing software or services. We are bringing applied AI into the workflows that matter most to the organizations that we serve. We can do this because Glue has earned a position of trust within the faith and flourishing ecosystem. Over decades, we have built the relationships and credibility needed to convene leaders, understand their most important workflows, and apply AI in ways that are practical, and mission aligned. In Q1, we saw strong momentum across the platform. On the powering reach side, Masterworks, Barna, and Westfall delivered one of their best revenue quarters ever. That performance demonstrates the value of combining donor engagement with media, research, and the fundraising capabilities all on one platform. On the powering technology side, customers are increasingly selecting Glue to take over, modernize, and transform core technology operations through offerings like Glue 360. In Q1, that momentum showed up in larger strategic wins, including five new customers contributing more than $1 million in annual contract revenue. These larger strategic wins show growing traction across both existing and new segments of the faith and flourishing ecosystem. Assemblies of God is a strong example of a denomination choosing Glue. They are leveraging Glue 360 across their enterprise by modernizing legacy systems to better serve their 13,000 churches within the United States. Indiana Wesleyan University is another important example. We're partnering with Wesley Seminary at IWU to build Via Journeys, an AI-powered ministry lifecycle ecosystem that connects ministry leaders with personalized resources and mentors. We believe this points to a broader transformation in how universities will equip students and the communities where they lead. For example, our work with Jessup University announced earlier this year is progressing extremely well and running ahead of schedule. Beyond the customer examples, we continue to build broader ecosystem momentum around applied AI. Our 2026 fourth annual Glue Hackathon will bring together more than 700 developers, engineers, and mission-driven builders in Boulder this October for 48 hours of hacking and building mission-aligned apps and technology. This quarter, we announced the general availability of Glue AI Studios, a comprehensive set of AI tools and capabilities for developers in the Faith and Flourishing ecosystem. This release includes support for over 80 LLM models. It includes new safety capabilities, varied subscription options to pay for token usage, and a free sandbox for developers to experience our values-aligned guardrails. The goal is to accelerate practical AI solutions that advance human flourishing. Moving now to acquisitions, which remain a key part of how we're strengthening the Glue platform. Our strategy is to add best-in-class providers that expand our ability to power tech and to power reach. Q1 provided strong evidence that that strategy is working. Westfall Group and Masterworks both delivered one of their best quarters ever. That validates the strength of those businesses and the compounding value of bringing them onto the Glue platform. During Q1, we signed a purchase agreement to acquire EMD. which we closed at the beginning of Q2. EMD expands our powering technology portfolio with workday consulting, implementation, and support capabilities for not-for-profit, small, and mid-market organizations. EMD also aligns directly with our broader strategy that I mentioned earlier. We take on and modernize critical customer workflows. then apply specialized engineering talent and agentic AI to deliver them better outcomes at a lower cost. Over time, this creates a strong customer value proposition while also improving Glue's margin profile. Today, we're also announcing the acquisition of the remaining stake in Midwestern, bringing our ownership to 100%. Midwestern increases our investment in the cost-effective global talent capability area. We believe this will continue to be a significant growth opportunity as we combine lower-cost delivery capabilities with agentic AI. This also eliminates the call option, which will result in a one-time improvement by removing the associated $12.1 million liability from Glue's balance sheet. Together, these acquisitions strengthen the platform, expand customer value, and reinforce the flywheel that we're building. Our approach with acquisitions is always disciplined. We continue to see a strong pipeline, but we will only pursue opportunities that are best in class, strategically aligned, and accretive to the Glue platform. Even though we have a strong pipeline, as we previously stated, our current plan does not depend on additional acquisitions to achieve our revenue, or adjusted EBITDA profitability guidance. As we look ahead, our priorities remain clear. We're focused on deepening strategic customer relationships, scaling our platform, and applying AI in ways that improve outcomes for our customers while creating durable value for Glue. At the same time, we will keep integrating acquisitions with discipline and executing against our path to profitability. Q1 was a strong start of the year. We remain confident in our strategy, our 2026 plan, and the long-term opportunity to build the category-defining technology platform for the faith and flourishing ecosystem. Paul, I'll turn it over to you to walk through the numbers in more detail.