GTLB
GitLab Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for GitLab Inc..
GitLab Inc. provides a DevSecOps platform that covers the software-development lifecycle in a single application, including source control, CI/CD, planning, security scanning, and deployment. The product is offered as a cloud-hosted SaaS and as self-managed software, sold primarily by subscription to enterprises and developers.
Coverage
GTLB Q2 FY2027 reported earnings analysis
GitLab beat its own July guide by $13.3 million and raised the fiscal year by $16.0 million — of which $2.7 million is the second half. Non-GAAP operating margin came in at 14.9% against a guided 10.9–11.8%, and the raised guide still excludes up to $13 million that the new Flex contract will defer out of the year.
GTLB Q2 FY2027 earnings preview
GitLab guides the July quarter to 15.7% revenue growth against 23.1% in April, and guides non-GAAP operating margin down to 11.4% from 14.2% — in the quarter it removes a seventh of its workforce, on a basis that already excludes the restructuring charge.
GitLab Joins Coverage: It Bought Its Own Stock at $21.04 and Trades at $46.54 the Day Before Earnings.
GitLab joins coverage the day before its July-quarter print, scoring 78.7 on the Rule of 40 in the April quarter and 51.1 on a trailing basis — with a consensus price target $7.63 below where the stock closed.
Where the revenue goes next
Latest: $286M (2027Q2)
| Period | Value |
|---|---|
| 2024Q1 | $127M |
| 2024Q2 | $140M |
| 2024Q3 | $150M |
| 2024Q4 | $164M |
| 2025Q1 | $169M |
| 2025Q2 | $183M |
| 2025Q3 | $196M |
| 2025Q4 | $211M |
| 2026Q1 | $215M |
| 2026Q2 | $236M |
| 2026Q3 | $244M |
| 2026Q4 | $260M |
| 2027Q1 | $264M |
| 2027Q2 | $286M |
Latest: -$0.22 (2027Q2)
| Period | Value |
|---|---|
| 2024Q1 | -$0.35 |
| 2024Q2 | -$0.33 |
| 2024Q3 | -$1.84 |
| 2024Q4 | -$0.23 |
| 2025Q1 | -$0.35 |
| 2025Q2 | $0.08 |
| 2025Q3 | $0.18 |
| 2025Q4 | $0.04 |
| 2026Q1 | -$0.22 |
| 2026Q2 | -$0.06 |
| 2026Q3 | -$0.05 |
| 2026Q4 | -$0.02 |
| 2027Q1 | -$0.03 |
| 2027Q2 | -$0.22 |
Latest: n/m (2027Q2)
| Period | Value |
|---|---|
| 2024Q4 | n/m |
| 2025Q1 | n/m |
| 2025Q2 | n/m |
| 2025Q3 | n/m |
| 2025Q4 | n/m |
| 2026Q2 | n/m |
| 2026Q3 | n/m |
| 2026Q4 | n/m |
| 2027Q1 | n/m |
| 2027Q2 | n/m |
Latest: -$3M (2027Q2)
| Period | Value |
|---|---|
| 2024Q1 | -$11M |
| 2024Q2 | $27M |
| 2024Q3 | -$7M |
| 2024Q4 | $25M |
| 2025Q1 | $37M |
| 2025Q2 | $11M |
| 2025Q3 | -$178M |
| 2025Q4 | $62M |
| 2026Q1 | $105M |
| 2026Q2 | $46M |
| 2026Q3 | $28M |
| 2026Q4 | $42M |
| 2027Q1 | $147M |
| 2027Q2 | -$3M |
Latest: 169M (2027Q2)
| Period | Value |
|---|---|
| 2024Q1 | 152M |
| 2024Q2 | 154M |
| 2024Q3 | 155M |
| 2024Q4 | 157M |
| 2025Q1 | 158M |
| 2025Q2 | 166M |
| 2025Q3 | 167M |
| 2025Q4 | 170M |
| 2026Q1 | 164M |
| 2026Q2 | 166M |
| 2026Q3 | 167M |
| 2026Q4 | 169M |
| 2027Q1 | 170M |
| 2027Q2 | 169M |
Latest: $331M (2027Q2)
| Period | Value |
|---|---|
| 2024Q1 | -$11M |
| 2024Q2 | $16M |
| 2024Q3 | $9M |
| 2024Q4 | $33M |
| 2025Q1 | $71M |
| 2025Q2 | $82M |
| 2025Q3 | -$96M |
| 2025Q4 | -$34M |
| 2026Q1 | $71M |
| 2026Q2 | $118M |
| 2026Q3 | $146M |
| 2026Q4 | $188M |
| 2027Q1 | $335M |
| 2027Q2 | $331M |
Latest earnings
Company History
Dmitriy Zaporozhets publishes GitLab as open-source software for self-hosted Git repository management.
GitLab Inc. is incorporated on 12 September 2014 with Sytse Sijbrandij as chief executive, operating on an all-remote model from the start.
Lists Class A stock on 14 October 2021 under GTLB, selling 8.42 million shares at $77.00 for about $759 million of net proceeds before expenses.
The quarter ended 31 October 2024 consumed $177.0 million of free cash flow as GitLab paid out income tax accrued under its bilateral advance pricing agreement, which had built up as a $245.9 million accrual the year before.
On 3 December 2024 the co-founder resigns as chief executive effective the 5th and becomes executive chair; former New Relic chief executive Bill Staples takes the job and a board seat.
CFO Brian Robins resigns in September 2025 and CTO Sabrina Farmer at the end of December; Jessica Ross and Sivaprasad Padisetty fill both seats in mid-January 2026.
Staples publishes an open restructuring letter on 11 May; the 2 June results confirm roughly 350 roles cut, an exit from 22 countries and $30-35 million of pre-tax restructuring charges.
The agent platform ships in January 2026 and the board authorises a $400 million repurchase programme, under which GitLab bought 2,378,892 Class A shares for $50.0 million at an average $21.04 during the April quarter.
Key Players
The CEO view — 4 podcasts, interviews & articles →
