Reported Q: Q1 2026 Rev YoY: +26.8% EPS YoY: +37.1% Move: -2.80%
GitLab Inc
GTLB
$31.55 -2.80%
Exchange NASDAQ Sector Technology Industry Software Application
Q1 2026
Published: Jun 11, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for GTLB

Reported

Report Date

Jun 11, 2025

Quarter Q1 2026

Revenue

214.51M

YoY: +26.8%

EPS

-0.22

YoY: +37.1%

Market Move

-2.80%

Previous quarter: Q4 2025

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Earnings Highlights

  • Revenue of $214.51M up 26.8% year-over-year
  • EPS of $-0.22 increased by 37.1% from previous year
  • Gross margin of 88.3%
  • Net income of -35.88M
  • "Unlike competitors, we are the only AI-native, cloud agnostic model-neutral DevSecOps platform capable of running anywhere, including air-gapped environments." - William Staples
GTLB
Company GTLB

Executive Summary

Executive overview: GitLab delivered solid top-line growth in Q1 FY2026, with revenue of $214.5 million, up 27% year over year, and noteworthy operating leverage culminating in non-GAAP operating income of $26.1 million and a 12.2% non-GAAP operating margin. The company continued to demonstrate durable profitability through strong gross margins and a record adjusted free cash flow of $104.1 million, representing a 49% margin. Management underscored the AI-native DevSecOps value proposition, highlighting GitLab 18 and Duo-related innovations that broaden the addressable market across Premium, Ultimate, and dedicated deployments, including Duo Workflow in private beta and ongoing AWS collaboration. Important ARR dynamics remain favorable: 10,104 customers with ARR of at least $5,000 per year, 1,288 customers with ARR above $100,000, and a DBNRR of 122%. Total RPO grew 40% year over year to $955.1 million, with cRPO up 34% to $584.8 million, underscoring durable revenue visibility. The quarter also featured heightened SaaS mix and enterprise adoption, including strong momentum in Ultimate and Duo, and continued expansion in large deals where Ultimate accounted for 52% of total ARR and eight of the ten largest deals. Management signaled a robust product roadmap with GitLab 18 enhancements focused on artifact management, faster CI/CD, security dashboards, and AI-enabled workflows, along with disciplined capital allocation and a substantial cash cushion. The outlook remains constructive, with Q2 revenue guidance of $226–$227 million and full-year revenue guidance of $936–$942 million, supported by continued operating leverage and AI-driven platform expansion. Risks highlighted include JiHu deconsolidation uncertainties, macro volatility, and pricing dynamics in SMB segments, though the company maintains a strong balance sheet and flexible investment capacity to navigate potential headwinds.

Key Performance Indicators

Revenue
Increasing
214.51M
QoQ: 1.46% | YoY: 26.79%
Gross Profit
Increasing
189.47M
88.33% margin
QoQ: 0.48% | YoY: 25.97%
Operating Income
Increasing
-34.61M
QoQ: -78.97% | YoY: 34.24%
Net Income
Increasing
-35.88M
QoQ: -718.11% | YoY: 34.35%
EPS
Increasing
-0.22
QoQ: -717.98% | YoY: 37.14%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2026 244.35 -0.04 +24.6% View
Q2 2026 235.96 -0.06 +29.2% View
Q1 2026 214.51 -0.22 +26.8% View
Q4 2025 211.43 0.03 +29.1% View
Q3 2025 196.05 0.19 +31.0% View