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GTLB

GitLab Inc.

GTLB

GitLab Inc. • NASDAQ
$41.06 ▲ 1.21% (+0.49)
Market Cap $6.72 B
52w High $74.18
52w Low $37.90
Dividend Yield 0%
P/E -1026.5
Volume 1.85M
Outstanding Shares 163.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $235.96M ▲ $225.806M ▲ $-9.208M ▲ -3.902% ▲ $-0.056 ▲ $-15.577M ▲
Q1-2026 $214.509M ▲ $224.084M ▲ $-35.875M ▼ -16.724% ▼ $-0.22 ▼ $-32.034M ▼
Q4-2025 $211.431M ▲ $202.971M ▲ $10.784M ▼ 5.1% ▼ $0.066 ▼ $1.557M ▲
Q3-2025 $196.047M ▲ $202.654M ▲ $29.565M ▲ 15.081% ▲ $0.18 ▲ $-25.541M ▲
Q2-2025 $182.584M $202.219M $12.949M 7.092% $0.08 $-37.928M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.165B ▲ $1.498B ▲ $586.605M ▼ $866.551M ▲
Q1-2026 $1.105B ▲ $1.442B ▲ $589.393M ▲ $808.28M ▲
Q4-2025 $992.377M ▲ $1.399B ▲ $577.957M ▲ $775.909M ▲
Q3-2025 $916.972M ▼ $1.253B ▼ $482.416M ▼ $724.705M ▲
Q2-2025 $1.083B $1.376B $688.258M $642.839M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-10.379M ▲ $49.369M ▼ $-56.57M ▲ $12.351M ▲ $5.652M ▼ $46.465M ▼
Q1-2026 $-35.875M ▼ $106.302M ▲ $-81.891M ▼ $3.328M ▼ $28.07M ▼ $105.39M ▲
Q4-2025 $0 ▼ $63.222M ▲ $-21.941M ▲ $11.693M ▲ $51.017M ▲ $62.065M ▲
Q3-2025 $29.565M ▲ $-177.028M ▼ $-92.776M ▼ $2.922M ▼ $-261.984M ▼ $-178.085M ▼
Q2-2025 $12.949M $11.697M $-5.162M $12.912M $18.294M $10.846M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
License
License
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
License Professional Services and Other
License Professional Services and Other
 $0 ▲$0 ▲$0 ▲$20.00M ▲
Professional Services and Other
Professional Services and Other
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Subscription and Circulation
Subscription and Circulation
 $120.00M ▲$130.00M ▲$130.00M ▲$140.00M ▲
Subscription and Software
Subscription and Software
 $0 ▲$0 ▲$0 ▲$210.00M ▲
Subscription Software As A Service
Subscription Software As A Service
 $60.00M ▲$60.00M ▲$60.00M ▲$70.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been growing quickly each year, and gross profit has scaled alongside it, which is what you want to see in a software business. Despite this, the company is still losing money at the operating level, although those losses have been narrowing over time, suggesting improving efficiency and some operating leverage. Net income shows one year with a very large loss, likely driven by non‑recurring or accounting items, followed by a move much closer to break‑even more recently. Overall, the income statement tells a story of a high‑growth business that is still in investment mode but gradually moving toward profitability, with the main risk being that spending stays high if growth slows.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. Total assets have been building over time, and the company holds a solid cash position relative to its size. Importantly, there is no financial debt, which reduces refinancing and interest‑rate risk and gives management more strategic flexibility. Shareholders’ equity has moved from negative at the very beginning of the period to clearly positive and growing, reflecting capital raised and the gradual healing of past losses. The main watchpoint is that continued operating losses could chip away at this cushion if profitability is delayed, but for now, the financial foundation appears strong.

Cash Flow

Cash Flow Cash flow is hovering around break‑even. Operating cash flow has flipped between slightly negative and slightly positive, which is common for a fast‑growing software company nearing scale. Capital spending is light, so free cash flow largely mirrors operating cash flow and is also close to break‑even. This suggests the core business is nearly self‑funding, reducing reliance on external capital in the near term. The risk is that if the company ramps up investment or faces slower customer growth, cash burn could widen again, though the current profile shows a path toward sustainable positive cash generation.

Competitive Edge

Competitive Edge GitLab competes in a crowded but expanding DevOps and DevSecOps market against heavyweight rivals like GitHub (backed by Microsoft) and Atlassian. Its main edge is a single, integrated platform that covers source code management, CI/CD, security, and collaboration in one place, instead of forcing customers to stitch together multiple tools. This all‑in‑one approach is particularly attractive to large enterprises and regulated industries that care about security, compliance, and simplicity. Strong customer retention and expansion suggest users find real value in consolidating onto GitLab. The flip side is that GitLab must constantly prove its integrated platform is better than best‑of‑breed alternatives and fend off well‑funded competitors with massive ecosystems.

Innovation and R&D

Innovation and R&D Innovation is a clear focus and a major part of the company’s moat. GitLab has built a broad DevSecOps platform on an open‑core foundation, which encourages community contributions while monetizing advanced enterprise features. Recent effort has concentrated on AI, especially GitLab Duo, which embeds AI into coding, security, and collaboration workflows across the entire development lifecycle. Additional offerings like GitLab Duo Enterprise, GitLab Dedicated, CI/CD Catalog, and native secrets management deepen its appeal to large and regulated customers. The roadmap leans heavily into more advanced AI agents, stronger security and compliance, and better support for hybrid and multi‑cloud environments. The opportunity is meaningful if these features drive higher adoption of premium tiers; the risk is execution—turning innovation into consistent, profitable revenue while competitors are racing to do the same.

Summary

Overall, GitLab looks like a classic high‑growth software platform: revenue is scaling rapidly, losses are shrinking but not yet gone, and cash flow is near break‑even. The balance sheet is clean, with no debt and a healthy cash position, giving the company room to keep investing. Competitively, GitLab’s single, integrated DevSecOps platform and strong focus on enterprise, security, and AI‑assisted development give it a distinct position in a large market dominated by powerful rivals. The investment story from here hinges on a few key questions: how quickly it can translate growth into durable profitability, how successfully it can upsell enterprises to its highest‑value tiers and AI add‑ons, and how well it can defend and expand its share against GitHub and Atlassian as AI reshapes the developer tooling landscape.

NEWS

November 20, 2025 · 4:05 PM UTC

GitLab Chief Executive Officer Bill Staples and GitLab Interim Chief Financial Officer James Shen to Present at the UBS Global Technology and AI Conference

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November 18, 2025 · 4:05 PM UTC

GitLab To Announce Third Quarter Fiscal 2026 Financial Results

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November 10, 2025 · 9:00 AM UTC

GitLab Survey Reveals the "AI Paradox," Faster Coding Creates New Bottlenecks Requiring Platform Solutions

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September 26, 2025 · 12:53 PM UTC

GitLab Recognized as a Leader in the Gartner® Magic Quadrant™ for DevOps Platforms for the Third Consecutive Year

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September 17, 2025 · 11:58 AM UTC

GitLab Named a Leader in the 2025 Gartner® Magic Quadrant™ for AI Code Assistants

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