STEP-BY-STEP ANSWER:
Step 1: Glucose is phosphorylated to form glucose-6-phosphate, consuming one ATP molecule.
Step 2: Glucose-6-phosphate is rearranged and further phosphorylated, eventually forming two three-carbon molecules.
Step 3: Each three-carbon molecule undergoes a series of reactions that produce NADH and ATP through substrate-level phosphorylation.
Step 4: In total, glycolysis produces a net gain of 2 ATP molecules and yields intermediates that feed into subsequent pathways such as the TCA cycle.
Final Answer: Glycolysis converts one molecule of glucose into two molecules of pyruvate, generating a net gain of ATP and NADH.