GTLB Q1 2024 Earnings — GitLab Inc. Revenue & Financial Results | Market Cap Arena

GTLBGitLab Inc.

$4B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$127M+45.2% YoY

Gross Profit

$113M89.0% margin

Operating Income

-$51M-39.9% margin

Net Income

-$52M-41.4% margin

EPS (Diluted)

$-0.35

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$11M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$349M

Stockholders' Equity

$765M

Cash & Equivalents

$316M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$127M	$87M	+45.2%
Gross Profit	$113M	$78M	+45.6%
Operating Income	-$51M	-$43M	-18.0%
Net Income	-$52M	-$26M	-101.0%

Revenue Segments

Subscription and Circulation

$80M63%

Subscription, Software As A Service

$32M25%

License

$13M11%

Professional Services and Other

$2M2%

Geographic Segments

UNITED STATES

$103M81%

Europe

$21M17%

Asia Pacific

$3M2%