GTLB Q2 2024 Earnings — GitLab Inc. Revenue & Financial Results | Market Cap Arena

GTLBGitLab Inc.

$4B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$140M+38.1% YoY

Gross Profit

$125M89.5% margin

Operating Income

-$54M-38.7% margin

Net Income

-$50M-35.9% margin

EPS (Diluted)

$-0.33

QoQ Revenue Growth

+10.0%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$27M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$358M

Stockholders' Equity

$784M

Cash & Equivalents

$273M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$140M	$101M	+38.1%
Gross Profit	$125M	$88M	+41.9%
Operating Income	-$54M	-$65M	+17.2%
Net Income	-$50M	-$59M	+15.2%

Revenue Segments

Subscription and Circulation

$87M62%

Subscription, Software As A Service

$35M25%

License

$15M10%

Professional Services and Other

$3M2%

Geographic Segments

UNITED STATES

$114M82%

Europe

$22M16%

Asia Pacific

$3M2%