GTLB

MKT CAP:$4B

GitLab Inc.

Market Cap

$4B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$22.36-$13.82 (-38.20%)

Apr 22, 2026

Company Details

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 fa...

CEO

William Staples

IPO Date

Oct 14, 2021

Website

about.gitlab.com

Key Metrics TTM

Revenue

$407M

— YoY

Net Income

-$489M

EPS (Diluted)

-$3.32

Free Cash Flow

$9M

Revenue / Share

$2.57

Gross Margin

89.0%

Operating Margin

-60.6%

Net Margin

-120.1%

FCF Margin

2.3%

P/S

8.9x

P/E

—

Earnings Reports

FY 2026

Mar 3, 2026

$957MEPS -$0.35

Q1 2025

Jun 3, 2024

$169MEPS -$0.35

Q3 2024

Dec 4, 2023

$150MEPS -$1.84

FY 2021

Jan 31, 2021

$152M+87.3%EPS -$1.45

Q4 2021

Jan 30, 2021

$46MEPS -$0.91

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$34M	$31M	-$29M
Q3 21	$42M	$38M	-$24M
Q4 21	$46M	$40M	-$128M
Q3 24	$150M	$135M	-$40M
Q1 25	$169M	$150M	-$54M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q3 24	13.4x	—
Q1 25	8.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$26M	-$26M
Q3 21	-$14M	-$14M
Q4 21	-$7M	-$7M
Q3 24	-$6M	-$7M
Q1 25	$38M	$37M

Capital Expenditures

Quarter	CapEx
Q2 21	$0
Q3 21	$0
Q4 21	$0
Q3 24	$736.0K
Q1 25	$700.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+392.4%	+252.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$2M	5.5%
Q3 21	$2M	4.9%
Q4 21	$106M	230.1%
Q3 24	$41M	27.6%
Q1 25	$42M	25.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 21	$20M	$40M
Q3 21	$19M	$43M
Q4 21	$49M	$120M
Q3 24	$49M	$126M
Q1 25	$54M	$150M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 21	—	-84.0%	—
Q3 21	—	-57.8%	—
Q4 21	—	-278.2%	—
Q3 24	—	-18.7%	—
Q1 25	392.4%	-30.5%	361.9

Rule of 40

Revenue Segments

Quarter	License	Professional Services and Other	Subscription and Circulation	Subscription, Software As A Service
Q3 24	$16M	$3M	$92M	$39M
Q1 25	$15M	$3M	$104M	$48M

Revenue by Geography

Quarter	Asia Pacific	Europe	United States
Q3 24	$4M	$24M	$122M
Q1 25	$4M	$28M	$138M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$887M	$47M	$935M
Q2 23	$411M	$519M	$930M
Q3 23	$372M	$556M	$928M
Q4 23	$295M	$641M	$937M
Q1 24	$316M	$622M	$938M
Q2 24	$273M	$713M	$986M
Q3 24	$285M	$704M	$990M
Q4 24	$288M	$748M	$1.0B
Q1 25	$420M	$641M	$1.1B
Q2 25	$439M	$644M	$1.1B
Q3 25	$177M	$740M	$917M
Q4 25	$228M	$765M	$992M
Q1 26	$256M	$849M	$1.1B
Q2 26	$261M	$904M	$1.2B
Q3 26	$224M	$980M	$1.2B
Q4 26	$230M	$1.0B	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	132M	—	—
Q3 21	132M	0.0%	—
Q4 21	132M	0.0%	—
Q3 24	155M	+17.1%	—
Q1 25	158M	+2.0%	+19.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q3 24	$187.1K	800
Q1 25	$241.7K	700

Revenue / Employee