Gitlab, Inc. Class A ( (GTLB) ) has released its Q2 earnings. Here is a breakdown of the information Gitlab, Inc. Class A presented to its investors.
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GitLab Inc. is a leading company in the DevSecOps sector, providing a comprehensive platform that enhances software development through AI-driven solutions. The company is known for its cloud-agnostic, model-neutral platform that integrates AI capabilities across the software development lifecycle.
In its latest earnings report for the second quarter of fiscal year 2026, GitLab Inc. announced a 29% increase in total revenue, reaching $236 million. The company also reported a significant improvement in its operating margins, with a GAAP operating margin of -8% and a non-GAAP operating margin of 17%. Additionally, GitLab generated an operating cash flow of $49.4 million and a non-GAAP adjusted free cash flow of $46.5 million.
Key financial highlights include a year-over-year increase in customers with more than $5,000 of ARR by 11% and those with more than $100,000 of ARR by 25%. The company’s dollar-based net retention rate stood at 121%, and total RPO grew by 32% year-over-year. GitLab also announced a strategic collaboration with Amazon Web Services to expand its GitLab Dedicated offering, enhancing its presence in highly regulated industries.
The company is undergoing a CFO transition, with Brian Robins stepping down and James Shen expected to serve as interim CFO. GitLab also launched the public beta of its GitLab Duo Agent Platform, an AI orchestration platform designed to enhance human-AI collaboration in software development.
Looking forward, GitLab expects continued revenue growth in the third quarter and fiscal year 2026, with projected revenues of $238 million to $239 million for Q3 and $936 million to $942 million for the full fiscal year. The company remains focused on leveraging its AI capabilities to drive innovation and deliver value to its customers.