GTLB (GitLab Inc.) Stock Financials & Earnings | Market Cap Arena

GTLB (GitLab Inc.) Stock Financials & Earnings | Market Cap Arena

GTLBGitLab Inc.

Mkt Cap$4B

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

Revenue (TTM)$957M

Net Income (TTM)-$56M

EPS (TTM)-$0.35

Free Cash Flow (TTM)$222M

Gross Margin87.5%

Op. Margin-12.2%

Net Margin-5.8%

FCF Margin23.2%

P/S Ratio (TTM)4.1x

P/E Ratio (TTM)—

YoY Rev Growth+26.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 24	$127M	$113M	-$51M
Q2 24	$140M	$125M	-$54M
Q3 24	$150M	$135M	-$40M
Q4 24	$164M	$148M	-$33M
Q1 25	$169M	$150M	-$54M
Q2 25	$183M	$161M	-$41M
Q3 25	$196M	$174M	-$29M
Q4 25	$211M	$189M	-$19M
Q1 26	$215M	$189M	-$35M
Q2 26	$236M	$207M	-$18M
Q3 26	$244M	$212M	-$12M
Q4 26	$262M	$228M	-$51M

Valuation

Quarter	P/S	P/E
Q1 24	8.5x	—
Q2 24	7.9x	—
Q3 24	7.3x	—
Q4 24	6.8x	—
Q1 25	6.4x	—
Q2 25	5.9x	—
Q3 25	5.6x	—
Q4 25	5.2x	—
Q1 26	4.9x	317.9x
Q2 26	4.6x	—
Q3 26	4.4x	—
Q4 26	4.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	-$11M	-$11M
Q2 24	$27M	$27M
Q3 24	-$6M	-$7M
Q4 24	$25M	$25M
Q1 25	$38M	$37M
Q2 25	$12M	$11M
Q3 25	-$177M	-$178M
Q4 25	$63M	$62M
Q1 26	$106M	$105M
Q2 26	$49M	$46M
Q3 26	$31M	$28M
Q4 26	$46M	$42M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 24	$256K
Q2 24	$277K
Q3 24	$736K
Q4 24	$329K
Q1 25	$700K
Q2 25	$851K
Q3 25	$1M
Q4 25	$1M
Q1 26	$912K
Q2 26	$3M
Q3 26	$3M
Q4 26	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+45.2%	+36.2%
Q2 24	+38.1%	+16.4%
Q3 24	+32.5%	+13.2%
Q4 24	+33.3%	+15.1%
Q1 25	+33.3%	+25.6%
Q2 25	+30.8%	+15.5%
Q3 25	+31.0%	+18.4%
Q4 25	+29.1%	+17.3%
Q1 26	+26.8%	+11.8%
Q2 26	+29.2%	+13.7%
Q3 26	+24.6%	+14.2%
Q4 26	+23.9%	+35.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%
Q2 26	$0	0.0%
Q3 26	$0	0.0%
Q4 26	$53M	20.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 24	$48M	—	—	$116M
Q2 24	$49M	$38M	$92M	—
Q3 24	$49M	$39M	$87M	—
Q4 24	$52M	—	—	$128M
Q1 25	$54M	$57M	$92M	—
Q2 25	$61M	$43M	$98M	—
Q3 25	$61M	$46M	$95M	—
Q4 25	$63M	$46M	$99M	—
Q1 26	$65M	$51M	$108M	—
Q2 26	$71M	$45M	$110M	—
Q3 26	$69M	$51M	$105M	—
Q4 26	$66M	$45M	$168M	—

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 24	45.2%	-39.2%	6.0
Q2 24	38.1%	-37.5%	0.6
Q3 24	32.5%	-18.7%	13.8
Q4 24	33.3%	-21.0%	12.3
Q1 25	33.3%	-30.5%	2.8
Q2 25	30.8%	-20.8%	10.0
Q3 25	31.0%	-13.0%	18.0
Q4 25	29.1%	-7.9%	21.2
Q1 26	26.8%	-14.9%	11.9
Q2 26	29.2%	-6.6%	22.6
Q3 26	24.6%	-3.9%	20.8
Q4 26	23.9%	-17.9%	6.0

Revenue Segments

Quarter	License	Professional Services and Other	Subscription and Circulation	Subscription, Software As A Service
Q1 24	$13M	$2M	$80M	$32M
Q2 24	$15M	$3M	$87M	$35M
Q3 24	$16M	$3M	$92M	$39M
Q4 24	$19M	$3M	$98M	$44M
Q1 25	$15M	$3M	$104M	$48M
Q2 25	$16M	$4M	$112M	$52M
Q3 25	$17M	$4M	$119M	$57M
Q4 25	$21M	$5M	$125M	$60M
Q1 26	$15M	$5M	$130M	$64M

Revenue by Geography

Quarter	Asia Pacific	Europe	United States
Q1 24	$3M	$21M	$103M
Q2 24	$3M	$22M	$114M
Q3 24	$4M	$24M	$122M
Q4 24	$4M	$26M	$134M
Q1 25	$4M	$28M	$138M
Q2 25	$4M	$29M	$149M
Q3 25	$5M	$32M	$159M
Q4 25	$5M	$34M	$173M
Q1 26	$5M	$33M	$177M
Q2 26	$5M	$36M	$195M
Q3 26	$6M	$37M	$201M

War Chest

Quarter	Cash	Short-term Investments	Total
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

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 24	152M	+1.0%
Q2 24	154M	+1.3%
Q3 24	155M	+1.0%
Q4 24	157M	+1.0%
Q1 25	158M	+1.0%
Q2 25	166M	+5.2%
Q3 25	164M	-1.3%
Q4 25	170M	+3.6%
Q1 26	164M	-3.3%
Q2 26	166M	+0.9%
Q3 26	166M	+0.0%
Q4 26	166M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 20	—	—
FY 21	—	—
FY 22	$155K	2K
FY 23	$530K	800
FY 24	$828K	700
FY 25	$844K	900
FY 26	$1M	900