Red Flags Detected
- Going Concern (new) — Management concluded substantial doubt exists about ability to continue operating for 12 months due to recurring losses, negative cash flows, and limited liquidity.
- Material Weakness (new) — Three material weaknesses in IT controls, segregation of duties, and financial close processes have persisted since fiscal 2024 without successful remediation.
Gloo Holdings IPO raises $72M but discloses going concern doubt amid $159M loss
Filed April 15, 2026 · Period ending January 31, 2026 · ~2 min read
Key Changes
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high
Management and auditor disclose substantial doubt about ability to continue operating for 12 months due to recurring losses ($159M in fiscal 2026), negative operating cash flow ($80.5M), and limited liquidity despite November 2025 IPO.
MD&A: Going Concern; Notes: Liquidity verify on EDGAR → -
high
Three material weaknesses in internal controls persist across fiscal 2024-2026: inadequate IT controls, improper segregation of duties, and insufficient financial close processes. Company excluded recent acquisitions from control assessment.
Controls: Material Weaknesses verify on EDGAR → -
high
Company completed nine acquisitions for $77M in fiscal 2026, with certain deals including seller repurchase rights that could force unwinding of 12% of revenue ($11.5M) if exercised.
MD&A: Acquisitions; Notes: Business Combinations verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 11, 2026 12:54 AM