GitLab showed strong revenue growth and profitability improvements driven by increased adoption of AI tools and Ultimate tier products. However, there are challenges in new customer growth and macroeconomic caution influencing procurement decisions. Despite these concerns, the company continues to expand its market through strategic initiatives like FedRAMP authorization.

Company Guidance

During GitLab's First Quarter Fiscal Year 2026 Conference Call, the company reported a 27% year-over-year increase in revenue, reaching $215 million, with a non-GAAP operating margin of 12%. The company outlined guidance for the second quarter, projecting revenue of $226 million to $227 million and a non-GAAP operating income of $23 million to $24 million. For the full fiscal year 2026, GitLab forecasts revenue between $936 million and $942 million and a non-GAAP operating income of $117 million to $121 million. The call emphasized GitLab's strategic focus on AI, with new product launches like GitLab 18 and enhancements to their AI-native DevSecOps platform, GitLab Duo. The quarter also saw a 35% quarter-over-quarter increase in customers purchasing GitLab Duo for the first time, contributing to a dollar-based net retention rate of 122%. The company also highlighted significant customer expansions and new partnerships, such as with Amazon Q, and maintained a strong cash position with $1.1 billion in cash and investments.

Strong Revenue Growth

First quarter revenue increased 27% year-over-year to $215 million, with non-GAAP operating margin reaching 12%.

GitLab Ultimate Adoption

Ultimate now represents 52% of total ARR with 8 of the 10 largest deals in the quarter purchasing Ultimate.

AI Integration Success

The number of customers who purchased GitLab Duo for the first time increased 35% quarter-over-quarter.

Record Cash Flow

Generated $104.1 million in adjusted free cash flow in Q1, a record adjusted free cash flow margin of 49%.

FedRAMP Authorization

Achieved FedRAMP Moderate authorization, expected to boost public sector business with Dedicated for Government.

Gitlab (GTLB) Earnings, Revenues Date & History

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GTLB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 08, 2025	2026 (Q3)	- / -	0.23	―	―	―
Sep 03, 2025	2026 (Q2)	0.16 / 0.24	0.15	60.00% (+0.09)	―	―
Jun 10, 2025	2026 (Q1)	0.15 / 0.17	0.03	466.67% (+0.14)
Mar 03, 2025	2025 (Q4)	0.23 / 0.33	0.15	120.00% (+0.18)
Dec 05, 2024	2025 (Q3)	0.15 / 0.23	0.09	155.56% (+0.14)
Sep 03, 2024	2025 (Q2)	0.10 / 0.15	0.01	1400.00% (+0.14)
Jun 03, 2024	2025 (Q1)	-0.04 / 0.03	-0.06	150.00% (+0.09)
Mar 04, 2024	2024 (Q4)	0.08 / 0.15	-0.03	600.00% (+0.18)
Dec 04, 2023	2024 (Q3)	>-0.01 / 0.09	-0.1	190.00% (+0.19)
Sep 05, 2023	2024 (Q2)	-0.03 / 0.01	-0.15	106.67% (+0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GTLB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 10, 2025	$48.51	$43.37	-10.60%
Mar 03, 2025	$56.25	$62.80	+11.64%
Dec 05, 2024	$66.04	$67.19	+1.74%
Sep 03, 2024	$44.68	$54.35	+21.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.