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 July guide by $13.3M and raised the year by $16M, but only $2.7M of that raise lands in the second half.
GTLB Q2 FY2027 earnings preview
GitLab guides July-quarter revenue growth to 15.7% from 23.1%, and non-GAAP operating margin to 11.4% from 14.2%.
GitLab Joins Coverage: It Bought Its Own Stock at $21.04 and Trades at $46.54 the Day Before Earnings.
GitLab scored 78.7 on the Rule of 40 for April and 51.1 trailing, while its consensus target sat $7.63 below the close.
Where the revenue goes next
Latest: $286M (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | $127M |
| Q2 FY2024 | $140M |
| Q3 FY2024 | $150M |
| Q4 FY2024 | $164M |
| Q1 FY2025 | $169M |
| Q2 FY2025 | $183M |
| Q3 FY2025 | $196M |
| Q4 FY2025 | $211M |
| Q1 FY2026 | $215M |
| Q2 FY2026 | $236M |
| Q3 FY2026 | $244M |
| Q4 FY2026 | $260M |
| Q1 FY2027 | $264M |
| Q2 FY2027 | $286M |
Latest: −$0.22 (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | −$0.35 |
| Q2 FY2024 | −$0.33 |
| Q3 FY2024 | −$1.84 |
| Q4 FY2024 | −$0.23 |
| Q1 FY2025 | −$0.35 |
| Q2 FY2025 | $0.08 |
| Q3 FY2025 | $0.18 |
| Q4 FY2025 | $0.04 |
| Q1 FY2026 | −$0.22 |
| Q2 FY2026 | −$0.06 |
| Q3 FY2026 | −$0.05 |
| Q4 FY2026 | −$0.02 |
| Q1 FY2027 | −$0.03 |
| Q2 FY2027 | −$0.22 |
Latest: n/m (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2024 | n/m |
| Q1 FY2025 | n/m |
| Q2 FY2025 | n/m |
| Q3 FY2025 | n/m |
| Q4 FY2025 | n/m |
| Q2 FY2026 | n/m |
| Q3 FY2026 | n/m |
| Q4 FY2026 | n/m |
| Q1 FY2027 | n/m |
| Q2 FY2027 | n/m |
Latest: −$3M (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | −$11M |
| Q2 FY2024 | $27M |
| Q3 FY2024 | −$7M |
| Q4 FY2024 | $25M |
| Q1 FY2025 | $37M |
| Q2 FY2025 | $11M |
| Q3 FY2025 | −$178M |
| Q4 FY2025 | $62M |
| Q1 FY2026 | $105M |
| Q2 FY2026 | $46M |
| Q3 FY2026 | $28M |
| Q4 FY2026 | $42M |
| Q1 FY2027 | $147M |
| Q2 FY2027 | −$3M |
Latest: 169M (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | 152M |
| Q2 FY2024 | 154M |
| Q3 FY2024 | 155M |
| Q4 FY2024 | 157M |
| Q1 FY2025 | 158M |
| Q2 FY2025 | 166M |
| Q3 FY2025 | 167M |
| Q4 FY2025 | 170M |
| Q1 FY2026 | 164M |
| Q2 FY2026 | 166M |
| Q3 FY2026 | 167M |
| Q4 FY2026 | 169M |
| Q1 FY2027 | 170M |
| Q2 FY2027 | 169M |
Latest: $331M (Q2 FY2027)
| Period | Value |
|---|---|
| Q1 FY2024 | −$11M |
| Q2 FY2024 | $16M |
| Q3 FY2024 | $9M |
| Q4 FY2024 | $33M |
| Q1 FY2025 | $71M |
| Q2 FY2025 | $82M |
| Q3 FY2025 | −$96M |
| Q4 FY2025 | −$34M |
| Q1 FY2026 | $71M |
| Q2 FY2026 | $118M |
| Q3 FY2026 | $146M |
| Q4 FY2026 | $188M |
| Q1 FY2027 | $335M |
| Q2 FY2027 | $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
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Funds we follow holding GTLB
By latest reported 13F position value. Market value at quarter-end, not cost basis.
