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 -
Q2 2026
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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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.
FAQ
When does Gitlab (GTLB) report earnings?
Gitlab (GTLB) is schdueled to report earning on Sep 03, 2025, After Close (Confirmed).
What is Gitlab (GTLB) earnings time?
Gitlab (GTLB) earnings time is at Sep 03, 2025, After Close (Confirmed).
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