Gitlab (GTLB)
NASDAQ:GTLB
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Gitlab
(NASDAQ:GTLB)
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Rating:65Neutral
Price Target:
$26.00
▲(21.38% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by improving fundamentals—strong revenue scale-up, very high gross margins, no-debt balance sheet, and strong operating/free cash flow. Offsetting this, the technical setup is weak with the stock below key moving averages and negative MACD, and valuation remains constrained by ongoing GAAP losses (negative P/E). The latest earnings call adds a mixed signal: strong execution and cash generation, but conservative FY'27 guidance and cohort/mix headwinds temper expectations.
Positive Factors
Recurring SaaS scale (ARR > $1B)
Cross‑platform subscription model scaled to >$1B ARR, which strengthens predictable, recurring revenue and enlarges contract visibility. Scale improves negotiating leverage with customers, supports upsell within accounts, and underpins multi‑year cash flow predictability critical for durable growth.
Negative Factors
Revenue growth deceleration in guidance
Management's FY'27 guide implies a material step down from FY'26 growth (26% prior), signaling a structural near‑term slowdown. Slower topline expansion pressures operating leverage, extends time to realize scale benefits, and tightens the path to sustained GAAP profitability absent reacceleration.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS scale (ARR > $1B)
Cross‑platform subscription model scaled to >$1B ARR, which strengthens predictable, recurring revenue and enlarges contract visibility. Scale improves negotiating leverage with customers, supports upsell within accounts, and underpins multi‑year cash flow predictability critical for durable growth.
Read all positive factors
Gitlab (GTLB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.13B
Dividend YieldN/A
Average Volume (3M)5.96M
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth25.81%
EPS Growth-2156.00%
CountryUS
Employees2,375
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.34
Shares Outstanding153,400,000
10 Day Avg. Volume7,009,623
30 Day Avg. Volume5,956,376
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)5.85
Price to Sales (P/S)6.06
P/FCF Ratio26.12
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue4.09
Enterprise Value/Gross Profit4.68
Enterprise Value/Ebitda-68.05
Forecast
1Y Price Target
$31.16Price Target Upside45.46% Upside
Rating ConsensusHold
Number of Analyst Covering22
EPS Forecast (FY)0.8
Revenue Forecast (FY)$1.11B
Gitlab Business Overview & Revenue Model
Company Description
GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cy...
How the Company Makes Money
GitLab primarily makes money by selling subscriptions to its DevSecOps platform. Revenue is largely recurring and driven by tiered, per-user (seat-based) subscriptions that provide access to progressively more advanced capabilities (e.g., CI/CD, s...
Gitlab Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyGitlab Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 08, 2026
Earnings Call Sentiment Neutral
The call presented a mix of strong operational and financial achievements—ARR > $1B, record net new ARR, large-account expansion, significant free cash flow growth, high retention metrics, SaaS growth, product momentum with Duo Agent Platform and a $400M buyback—alongside material near-term headwinds. Management set conservative FY'27 guidance (15%–17% revenue growth) due to ratable model mechanics, nonrecurring FY'26 tailwinds, continued pressure in a ~20% price-sensitive cohort, public sector and U.S. softness, and the expectation that Duo Agent Platform will contribute minimally to FY'27 revenue while investments compress margins. Overall the company emphasizes execution and multi-quarter investments to reaccelerate growth, but the guidance and cohort weaknesses temper the positive fundamentals.Positive Updates
ARR Surpassed $1 Billion
Annual recurring revenue (ARR) exceeded $1.0 billion in FY'26, marking a major milestone and scale inflection for the business.
Negative Updates
Conservative FY'27 Revenue Guidance
FY'27 revenue guidance of $1.099 billion to $1.118 billion implies ~15% to 17% year-over-year growth (down from FY'26's 26% growth), reflecting a meaningful deceleration embedded in the outlook.
Read all updates
Q4-2026 Updates
Positive
Negative
ARR Surpassed $1 Billion
Annual recurring revenue (ARR) exceeded $1.0 billion in FY'26, marking a major milestone and scale inflection for the business.
Read all positive updates
Company Guidance
GitLab guided Q1 FY‑27 revenue of $253–$255M (~18–19% YoY), non‑GAAP operating income of $32–$34M and non‑GAAP EPS of $0.20–$0.21 (assuming ~173M diluted shares); for FY‑27 it guided revenue of $1.099–$1.118B (~15–17% YoY), non‑GAAP operating income of $129–$137M and non‑GAAP EPS of $0.76–$0.80 (assuming ~175M diluted shares), with full‑year gross margin of 85–87% (vs. 89% in FY‑26). Management said the guide strips ~300 bps of FY‑26 nonrecurring tailwinds, assumes minimal Duo Agent Platform revenue in FY‑27, expects the price‑sensitive cohort (~20% of ARR) to remain pressured, that ~70% of revenue is self‑managed (implying a multi‑quarter upgrade/adoption ramp), modeled JiHu expenses of ~$15M (vs. $13M last year), and assumed stable quarter‑to‑quarter growth rates across Q2–Q4.Gitlab Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 956.82M | 759.25M | 579.91M | 424.34M | 252.65M |
| Gross Profit | 836.96M | 674.11M | 520.20M | 372.66M | 222.67M |
| EBITDA | -104.08M | -131.73M | -157.86M | -205.82M | -127.75M |
| Net Income | -55.96M | -6.33M | -425.68M | -173.41M | -155.14M |
Balance Sheet | |||||
| Total Assets | 1.72B | 1.40B | 1.32B | 1.17B | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.26B | 992.38M | 1.04B | 936.65M | 934.70M |
| Total Debt | 0.00 | 392.00K | 410.00K | 1.13M | 0.00 |
| Total Liabilities | 686.50M | 577.96M | 715.01M | 344.48M | 292.17M |
| Stockholders Equity | 990.67M | 775.91M | 559.77M | 771.02M | 774.87M |
Cash Flow | |||||
| Free Cash Flow | 222.03M | -67.74M | 33.44M | -83.48M | -53.35M |
| Operating Cash Flow | 232.86M | -63.97M | 35.04M | -77.41M | -49.81M |
| Investing Cash Flow | -267.29M | -30.49M | -86.24M | -543.96M | -27.45M |
| Financing Cash Flow | 34.81M | 32.62M | 45.23M | 35.76M | 674.74M |
Gitlab Technical Analysis
Neutral
21.42
Price Trends
24.38
Negative
30.95
Negative
38.45
Negative
Market Momentum
-0.96
Negative
44.80
Neutral
53.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTLB, the sentiment is Neutral. The current price of 21.42 is above the 20-day moving average (MA) of 21.29, below the 50-day MA of 24.38, and below the 200-day MA of 38.45, indicating a neutral trend. The MACD of -0.96 indicates Negative momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 53.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GTLB.
Gitlab Risk Analysis
Gitlab disclosed 66 risk factors in its most recent earnings report. Gitlab reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gitlab Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $6.08B | 54.82 | 50.21% | 0.16% | 3.50% | 75.14% | |
67 Neutral | $3.78B | 24.86 | 9.88% | ― | 26.75% | 256.36% | |
65 Neutral | $4.13B | -557.66 | -6.24% | ― | 25.81% | -2156.00% | |
63 Neutral | $5.08B | 224.68 | -9.44% | ― | 17.29% | 38.72% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $382.73M | -15.56 | -22.88% | ― | 12.72% | 32.06% | |
56 Neutral | $4.66B | -34.65 | -13.37% | ― | 23.05% | 56.65% |
* Technology Sector Average
GTLB
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24.29
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Gitlab Corporate Events
Executive/Board Changes
GitLab Announces Board Change and Committee Reassignment
Neutral
Apr 16, 2026
On April 13, 2026, GitLab Inc. announced that board member Merline Saintil notified the company of her decision to step down from the board and from its Compensation and Leadership Development Committee, effective April 15, 2026, with the company ...
Business Operations and StrategyStock BuybackFinancial Disclosures
GitLab Announces Strong Q4 Results and Share Buyback
Positive
Mar 3, 2026
On March 3, 2026, GitLab reported fourth-quarter fiscal 2026 revenue of $260.4 million, up 23% year-over-year, with a GAAP operating margin of -2% and non-GAAP operating margin of 21%, and operating cash flow of $45.8 million. For the full fiscal ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.