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GitLab (GTLB) Financials

GitLab logo
$48.09 -1.42 (-2.87%)
Closing price 04:00 PM Eastern
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$48.04 -0.05 (-0.09%)
As of 06:25 PM Eastern
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Annual Income Statements for GitLab

Annual Income Statements for GitLab

This table shows GitLab's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -131 -192 -155 -173 -426 -6.33
Consolidated Net Income / (Loss)		 -131 -192 -158 -182 -430 -9.12
Net Income / (Loss) Continuing Operations		 -131 -192 -158 -182 -430 -9.12
Total Pre-Tax Income 		-130 -189 -159 -175 -161 -86
Total Operating Income		 -128 -214 -129 -211 -187 -143
Total Gross Profit		 72 134 223 373 520 674
Total Revenue		 81 152 253 424 580 759
Operating Revenue		 81 152 253 424 580 759
Total Cost of Revenue		 9.38 18 30 52 60 85
Operating Cost of Revenue		 9.38 18 30 52 60 85
Total Operating Expenses		 200 348 352 584 708 817
Selling, General & Admin Expense		 42 87 64 118 150 193
Marketing Expense		 99 154 191 310 356 384
Research & Development Expense		 59 107 97 156 201 240
Total Other Income / (Expense), net		 -1.17 25 -30 36 27 57
Interest & Investment Income		 3.63 1.07 0.74 14 39 48
Other Income / (Expense), net		 -4.80 23 -31 22 -12 9.19
Income Tax Expense		 1.20 2.83 -1.51 4.03 265 -77
Other Gains / (Losses), net		 - 0.00 0.00 -2.47 -3.82 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -2.42 -8.39 -3.86 -2.79
Basic Earnings per Share		 ($2.76) ($3.82) ($1.95) ($1.17) ($2.76) ($0.04)
Weighted Average Basic Shares Outstanding		 47.31M 50.34M 79.76M 148.41M 154.28M 160.58M
Diluted Earnings per Share		 ($2.76) ($3.82) ($1.95) ($1.17) ($2.76) ($0.04)
Weighted Average Diluted Shares Outstanding		 47.31M 50.34M 79.76M 148.41M 154.28M 160.58M
Weighted Average Basic & Diluted Shares Outstanding		 - - 147.60M 151.80M 158.60M 164M

Quarterly Income Statements for GitLab

This table shows GitLab's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/31/2022 10/31/2022 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -59 -48 -40 -52 -50 -285 -38 -55 13 30 5.80
Consolidated Net Income / (Loss)		 -61 -50 -43 -53 -51 -286 -39 -55 12 28 5.23
Net Income / (Loss) Continuing Operations		 -61 -50 -43 -53 -51 -286 -39 -55 12 28 5.23
Total Pre-Tax Income 		-61 -50 -41 -51 -46 -29 -35 -42 -27 -11 -5.32
Total Operating Income		 -65 -57 -46 -58 -54 -40 -35 -54 -41 -29 -19
Total Gross Profit		 88 98 109 113 125 135 148 150 161 174 189
Total Revenue		 101 113 123 127 140 150 164 169 183 196 211
Operating Revenue		 101 113 123 127 140 150 164 169 183 196 211
Total Cost of Revenue		 13 15 14 14 15 15 16 19 21 22 23
Operating Cost of Revenue		 13 15 14 14 15 15 16 19 21 22 23
Total Operating Expenses		 153 155 155 171 179 175 183 204 202 203 208
Selling, General & Admin Expense		 33 33 30 34 38 39 40 57 43 46 46
Marketing Expense		 81 81 82 87 92 87 91 92 98 95 99
Research & Development Expense		 40 41 44 50 49 49 52 54 61 61 63
Total Other Income / (Expense), net		 4.56 7.32 5.26 7.57 7.78 11 0.08 11 14 18 14
Interest & Investment Income		 3.06 4.66 6.25 7.32 9.11 11 12 12 13 13 10
Other Income / (Expense), net		 1.50 2.66 -0.99 0.25 -1.33 0.57 -12 -0.57 1.03 4.99 3.73
Income Tax Expense		 -0.06 0.07 1.51 1.49 4.02 257 2.86 13 -39 -39 -11
Net Income / (Loss) Attributable to Noncontrolling Interest		 -2.47 -2.01 -3.39 -0.43 -1.13 -1.20 -1.10 -0.24 -0.68 -1.30 -0.58
Basic Earnings per Share		 ($0.40) ($0.33) ($0.26) ($0.35) ($0.33) ($1.84) ($0.24) ($0.35) $0.08 $0.18 $0.05
Weighted Average Basic Shares Outstanding		 147.80M 148.88M 148.41M 151.69M 153.64M 155.12M 154.28M 158.16M 159.68M 161.32M 160.58M
Diluted Earnings per Share		 ($0.40) ($0.33) ($0.26) ($0.35) ($0.33) ($1.84) ($0.24) ($0.35) $0.08 $0.18 $0.05
Weighted Average Diluted Shares Outstanding		 147.80M 148.88M 148.41M 151.69M 153.64M 155.12M 154.28M 158.16M 166.35M 167.44M 160.58M
Weighted Average Basic & Diluted Shares Outstanding		 148.80M 149.70M 151.80M 152.80M 154.70M 155.70M 158.60M 158.90M 160.50M 162.30M 164M

Annual Cash Flow Statements for GitLab

This table details how cash moves in and out of GitLab's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Net Change in Cash & Equivalents		 211 -60 604 -589 -9.91 -60
Net Cash From Operating Activities		 -60 -74 -50 -77 35 -64
Net Cash From Continuing Operating Activities		 -60 -74 -50 -77 35 -64
Net Income / (Loss) Continuing Operations		 -131 -192 -158 -182 -430 -9.12
Consolidated Net Income / (Loss)		 -131 -192 -158 -182 -430 -9.12
Depreciation Expense		 0.00 0.00 0.54 3.23 4.37 2.86
Amortization Expense		 7.96 19 34 41 25 41
Non-Cash Adjustments To Reconcile Net Income		 45 88 51 105 193 189
Changes in Operating Assets and Liabilities, net		 17 11 23 -45 242 -288
Net Cash From Investing Activities		 0.00 -0.84 -54 -606 -86 -30
Net Cash From Continuing Investing Activities		 0.00 -0.84 -54 -606 -86 -30
Purchase of Property, Plant & Equipment		 0.00 0.00 -3.54 -6.07 -1.60 -3.77
Acquisitions		 0.00 -0.93 -0.32 -9.62 -2.50 -28
Purchase of Investments		 0.00 0.00 -100 -822 -816 -708
Sale and/or Maturity of Investments		 0.00 0.00 50 232 734 708
Other Investing Activities, net		 0.00 0.09 0.00 0.00 -0.45 0.46
Net Cash From Financing Activities		 271 13 701 97 45 33
Net Cash From Continuing Financing Activities		 271 13 701 97 45 33
Issuance of Common Equity		 3.09 14 706 101 45 38
Other Financing Activities, net		 0.00 0.00 0.09 -3.14 0.00 -4.90
Effect of Exchange Rate Changes		 - 1.00 6.85 -3.66 -3.94 1.50
Cash Income Taxes Paid		 1.99 1.90 1.31 0.84 6.90 191

Quarterly Cash Flow Statements for GitLab

This table details how cash moves in and out of GitLab's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/31/2022 10/31/2022 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025
Net Change in Cash & Equivalents		 -477 -39 -77 21 -45 12 2.69 132 18 -262 51
Net Cash From Operating Activities		 -36 -1.20 -12 -11 27 -5.96 25 38 12 -177 63
Net Cash From Continuing Operating Activities		 -36 -1.20 -12 -11 27 -5.96 25 38 12 -177 63
Net Income / (Loss) Continuing Operations		 -61 -50 -43 -53 -51 -286 -39 -55 12 28 5.23
Consolidated Net Income / (Loss)		 -61 -50 -43 -53 -51 -286 -39 -55 12 28 5.23
Depreciation Expense		 0.73 0.91 1.03 1.09 1.11 1.12 1.04 0.94 0.74 0.68 0.50
Amortization Expense		 10 9.61 10 7.53 5.72 5.10 6.93 7.30 9.93 11 12
Non-Cash Adjustments To Reconcile Net Income		 38 32 35 36 51 45 61 46 51 46 46
Changes in Operating Assets and Liabilities, net		 -24 6.62 -15 -2.32 20 229 -4.96 39 -62 -264 -0.62
Net Cash From Investing Activities		 -475 -40 -82 24 -89 15 -36 89 -5.16 -93 -22
Net Cash From Continuing Investing Activities		 -475 -40 -82 24 -89 15 -36 89 -5.16 -93 -22
Purchase of Property, Plant & Equipment		 -1.36 -1.78 -1.05 -0.26 -0.28 -0.74 -0.33 -0.70 -0.85 -1.06 -1.16
Purchase of Investments		 -473 -111 -190 -59 -276 -239 -242 -144 -119 -240 -204
Sale and/or Maturity of Investments		 - 73 109 84 189 254 207 255 121 149 184
Net Cash From Financing Activities		 35 7.06 12 7.51 18 4.72 15 5.09 13 2.92 12
Net Cash From Continuing Financing Activities		 35 7.06 12 7.51 18 4.72 15 5.09 13 2.92 12
Issuance of Common Equity		 38 10 12 7.51 18 4.72 15 5.09 13 7.82 12
Effect of Exchange Rate Changes		 -0.55 -4.05 4.87 -0.40 -0.91 -1.25 -1.39 -0.29 -1.15 4.90 -1.96
Cash Income Taxes Paid		 0.14 0.22 0.31 1.07 3.12 1.83 0.89 1.01 0.79 189 0.51

Annual Balance Sheets for GitLab

This table presents GitLab's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Total Assets		 363 1,091 1,169 1,321 1,399
Total Current Assets		 348 1,052 1,118 1,284 1,336
Cash & Equivalents		 283 885 295 288 228
Short-Term Investments		 0.00 50 641 748 765
Accounts Receivable		 40 77 130 167 265
Prepaid Expenses		 7.29 16 24 49 40
Other Current Assets		 19 24 27 32 39
Plant, Property, & Equipment, net		 0.00 3.27 5.80 2.95 4.01
Total Noncurrent Assets		 14 36 45 34 59
Goodwill		 - 8.15 8.15 8.15 16
Intangible Assets		 0.80 6.29 3.90 1.73 18
Other Noncurrent Operating Assets		 13 22 21 24 25
Total Liabilities & Shareholders' Equity		 363 1,091 1,169 1,321 1,399
Total Liabilities		 169 292 344 715 578
Total Current Liabilities		 127 242 306 677 545
Accounts Payable		 3.11 4.98 5.18 1.74 7.52
Accrued Expenses		 7.35 25 26 301 55
Current Deferred Revenue		 104 179 254 338 443
Current Employee Benefit Liabilities		 13 33 21 36 40
Total Noncurrent Liabilities		 42 51 38 38 33
Noncurrent Deferred Revenue		 31 33 28 24 26
Other Noncurrent Operating Liabilities		 11 18 9.82 14 6.56
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -231 799 825 606 821
Total Preferred & Common Equity		 -231 775 771 560 776
Preferred Stock		 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -231 775 771 560 776
Common Stock		 187 1,320 1,497 1,719 1,952
Retained Earnings		 -398 -553 -726 -1,161 -1,168
Accumulated Other Comprehensive Income / (Loss)		 -20 7.72 -0.71 2.40 -8.51
Noncontrolling Interest		 0.00 24 54 47 45

Quarterly Balance Sheets for GitLab

This table presents GitLab's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 10/31/2021 4/30/2022 7/31/2022 10/31/2022 4/30/2023 7/31/2023 10/31/2023 4/30/2024 7/31/2024 10/31/2024
Total Assets		 1,029 1,099 1,115 1,120 1,164 1,189 1,227 1,322 1,376 1,253
Total Current Assets		 1,012 1,044 1,064 1,069 1,115 1,143 1,182 1,263 1,314 1,192
Cash & Equivalents		 825 887 411 372 316 273 285 420 439 177
Short-Term Investments		 100 47 519 556 622 713 704 641 644 740
Accounts Receivable		 57 68 89 98 126 106 136 135 165 198
Prepaid Expenses		 11 18 21 20 26 26 30 35 32 43
Other Current Assets		 20 24 24 24 25 25 27 31 34 35
Plant, Property, & Equipment, net		 0.00 4.35 5.46 5.56 4.94 4.08 3.69 2.82 2.90 3.56
Total Noncurrent Assets		 16 50 46 45 44 42 41 56 59 57
Goodwill		 - 8.15 8.15 8.15 8.15 8.15 8.15 16 16 16
Intangible Assets		 0.52 5.68 5.08 4.48 3.32 2.77 2.25 17 22 20
Other Noncurrent Operating Assets		 16 21 18 19 21 20 21 23 21 21
Total Liabilities & Shareholders' Equity		 1,029 1,099 1,115 1,120 1,164 1,189 1,227 1,322 1,376 1,253
Total Liabilities		 219 281 285 306 349 358 634 707 688 482
Total Current Liabilities		 179 235 247 264 311 321 586 675 667 465
Accounts Payable		 4.94 5.69 5.38 6.23 3.03 4.17 5.02 3.23 3.22 2.22
Accrued Expenses		 9.57 29 24 24 29 25 270 307 272 52
Current Deferred Revenue		 147 188 201 218 263 269 288 342 362 383
Current Employee Benefit Liabilities		 17 12 16 17 16 24 23 23 29 27
Total Noncurrent Liabilities		 41 46 38 41 37 37 48 33 21 18
Noncurrent Deferred Revenue		 28 28 24 29 28 26 23 15 15 14
Other Noncurrent Operating Liabilities		 13 18 14 12 9.41 11 25 17 6.68 3.78
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 809 818 830 815 816 831 593 614 688 770
Total Preferred & Common Equity		 784 782 778 764 765 784 547 568 643 725
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 784 782 778 764 765 784 547 568 643 725
Common Stock		 1,293 1,355 1,413 1,453 1,543 1,610 1,658 1,769 1,834 1,892
Retained Earnings		 -508 -579 -638 -687 -778 -828 -1,113 -1,204 -1,192 -1,162
Accumulated Other Comprehensive Income / (Loss)		 -0.76 6.31 3.46 -2.87 1.00 1.78 1.55 3.36 0.57 -5.00
Noncontrolling Interest		 25 36 52 51 50 48 47 47 45 46

Annual Metrics And Ratios for GitLab

This table displays calculated financial ratios and metrics derived from GitLab's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 87.35% 66.03% 67.95% 36.66% 30.93%
EBITDA Growth		 0.00% -37.17% 27.08% -16.04% -17.01% 47.32%
EBIT Growth		 0.00% -43.00% 16.08% -18.76% -5.21% 33.13%
NOPAT Growth		 0.00% -66.62% 39.71% -63.94% 11.34% 23.86%
Net Income Growth		 0.00% -47.00% 18.02% -15.38% -136.28% 97.88%
EPS Growth		 0.00% -38.41% 48.95% 40.00% -135.90% 98.55%
Operating Cash Flow Growth		 0.00% -22.30% 32.30% -55.39% 145.27% -282.57%
Free Cash Flow Firm Growth		 0.00% 0.00% 27.33% -260.91% 209.61% -306.07%
Invested Capital Growth		 0.00% 0.00% -51.89% 7.99% -245.00% 60.21%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 11.90% 7.58% 6.70%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 2.21% -1.50% 28.42%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 1.50% 0.34% 18.64%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -2.78% 5.73% 9.82%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 1.91% 0.70% 82.44%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -21.88% 0.36% 87.50%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 11.17% -15.91% 2,385.71% 37.49%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 24.15% 3.08%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 1.64% -5.86% -16.57%
Profitability Metrics		 - - - - - -
Gross Margin		 88.46% 87.87% 88.13% 87.82% 89.70% 88.79%
EBITDA Margin		 -154.14% -112.86% -49.57% -34.25% -29.32% -11.80%
Operating Margin		 -158.03% -140.55% -51.04% -49.82% -32.32% -18.80%
EBIT Margin		 -163.94% -125.14% -63.25% -44.73% -34.43% -17.59%
Profit (Net Income) Margin		 -160.96% -126.30% -62.36% -42.84% -74.07% -1.20%
Tax Burden Percent		 100.93% 101.50% 99.05% 103.71% 267.51% 10.63%
Interest Burden Percent		 97.28% 99.44% 99.54% 92.36% 80.41% 64.25%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% -99.23% -31.74% -22.39% -60.03% -1.28%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -52.52% -21.98% -16.79% -16.03% -9.82%
Return on Assets (ROA)		 0.00% -53.01% -21.67% -16.08% -34.49% -0.67%
Return on Common Equity (ROCE)		 0.00% 118.47% -17.38% -21.31% -55.82% -1.20%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 83.12% -20.33% -23.58% -76.73% -1.18%
Net Operating Profit after Tax (NOPAT)		 -90 -150 -90 -148 -131 -100
NOPAT Margin		 -110.62% -98.39% -35.73% -34.88% -22.63% -13.16%
Net Nonoperating Expense Percent (NNEP)		 0.00% -30.03% -11.05% -3.59% -30.05% 8.95%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -17.94% -21.64% -12.16%
Cost of Revenue to Revenue		 11.54% 12.13% 11.87% 12.18% 10.30% 11.21%
SG&A Expenses to Revenue		 51.25% 57.08% 25.19% 27.79% 25.94% 25.40%
R&D to Revenue		 73.08% 70.08% 38.48% 36.80% 34.63% 31.56%
Operating Expenses to Revenue		 246.49% 228.42% 139.17% 137.64% 122.03% 107.58%
Earnings before Interest and Taxes (EBIT)		 -133 -190 -160 -190 -200 -134
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -125 -172 -125 -145 -170 -90
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 11.96 9.59 19.78 15.22
Price to Tangible Book Value (P/TBV)		 0.00 0.00 12.19 9.75 20.13 15.92
Price to Revenue (P/Rev)		 9.86 5.26 36.69 17.43 19.09 15.55
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 6.20 33.08 15.32 17.39 14.31
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 287.73 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 57.92 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -1.46 -1.23 -1.16 -1.39 -1.42
Leverage Ratio		 0.00 1.87 1.46 1.39 1.74 1.91
Compound Leverage Factor		 0.00 1.86 1.46 1.29 1.40 1.22
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 219.38% 3.05% 6.51% 7.69% 5.53%
Common Equity to Total Capital		 0.00% -119.38% 96.95% 93.49% 92.31% 94.47%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.73 18.96 12.67 8.55 12.00
Noncontrolling Interest Sharing Ratio		 0.00% 219.38% 45.25% 4.81% 7.01% 6.45%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 2.74 4.35 3.65 1.90 2.45
Quick Ratio		 0.00 2.54 4.19 3.48 1.78 2.31
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -61 -44 -159 174 -359
Operating Cash Flow to CapEx		 0.00% 0.00% -1,406.78% -1,275.26% 2,192.74% -1,699.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.42 0.35 0.38 0.47 0.56
Accounts Receivable Turnover		 0.00 3.84 4.32 4.09 3.90 3.52
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 93.59 132.53 217.96
Accounts Payable Turnover		 0.00 5.93 7.41 10.17 17.25 18.39
Days Sales Outstanding (DSO)		 0.00 95.10 84.43 89.33 93.53 103.67
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 61.50 49.27 35.91 21.16 19.84
Cash Conversion Cycle (CCC)		 0.00 33.60 35.16 53.43 72.38 83.83
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 -89 -135 -125 -430 -171
Invested Capital Turnover		 0.00 -3.41 -2.25 -3.26 -2.09 -2.53
Increase / (Decrease) in Invested Capital		 0.00 -89 -46 11 -305 259
Enterprise Value (EV)		 0.00 943 8,358 6,501 10,082 10,862
Market Capitalization		 801 801 9,269 7,397 11,072 11,809
Book Value per Share		 $0.00 ($4.59) $5.35 $5.15 $3.60 $4.78
Tangible Book Value per Share		 $0.00 ($4.61) $5.25 $5.07 $3.53 $4.57
Total Capital		 0.00 194 799 825 606 821
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -283 -935 -949 -1,036 -992
Capital Expenditures (CapEx)		 0.00 0.00 3.54 6.07 1.60 3.77
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -62 -124 -125 -429 -201
Debt-free Net Working Capital (DFNWC)		 0.00 221 810 812 607 791
Net Working Capital (NWC)		 0.00 221 810 812 607 791
Net Nonoperating Expense (NNE)		 41 42 67 34 298 -91
Net Nonoperating Obligations (NNO)		 0.00 -283 -935 -949 -1,036 -992
Total Depreciation and Amortization (D&A)		 7.96 19 35 44 30 44
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -40.44% -49.26% -29.45% -73.97% -26.49%
Debt-free Net Working Capital to Revenue		 0.00% 145.43% 320.69% 191.28% 104.72% 104.22%
Net Working Capital to Revenue		 0.00% 145.43% 320.69% 191.28% 104.72% 104.22%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.95) ($1.16) ($2.75) ($0.04)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 79.76M 148.41M 154.28M 160.58M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.95) ($1.16) ($2.75) ($0.04)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 79.76M 148.41M 154.28M 160.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 147.60M 151.80M 158.60M 164M
Normalized Net Operating Profit after Tax (NOPAT)		 -90 -150 -90 -148 -131 -100
Normalized NOPAT Margin		 -110.62% -98.39% -35.73% -34.88% -22.63% -13.16%
Pre Tax Income Margin		 -159.48% -124.44% -62.96% -41.31% -27.69% -11.30%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -0.43% -3.34% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for GitLab

This table displays calculated financial ratios and metrics derived from GitLab's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 7/31/2022 10/31/2022 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 73.83% 69.13% 57.99% 45.16% 38.14% 32.47% 33.25% 33.35% 30.81% 30.99% 29.10%
EBITDA Growth		 -67.68% -27.96% 8.34% -295.70% 8.33% 23.53% -7.06% 6.85% 39.66% 65.24% 93.11%
EBIT Growth		 -60.22% -27.02% 5.77% -137.38% 13.19% 26.89% 1.37% 6.51% 27.83% 40.20% 66.52%
NOPAT Growth		 -118.91% -75.05% -14.10% -35.83% 17.22% 29.31% 24.62% 7.89% 24.14% 28.65% 44.56%
Net Income Growth		 -50.85% -20.88% 7.58% -98.77% 16.73% -467.43% 9.59% -3.76% 123.97% 109.87% 113.38%
EPS Growth		 46.67% 46.77% -420.00% -94.44% 17.50% -457.58% 7.69% 0.00% 124.24% 109.78% 120.83%
Operating Cash Flow Growth		 -112.24% 88.12% -971.30% 61.07% 174.61% -398.00% 312.06% 447.94% -56.85% -2,869.77% 154.38%
Free Cash Flow Firm Growth		 0.00% -130.82% 0.00% -138.35% -80.61% 980.64% 749.89% 803.90% 1,406.66% -211.24% -196.97%
Invested Capital Growth		 0.00% -9.84% 7.99% -1.19% -44.71% -220.55% -245.00% -234.25% -138.56% 63.86% 60.21%
Revenue Q/Q Growth		 15.60% 11.82% 8.79% 3.23% 10.01% 7.23% 9.43% 3.30% 7.92% 7.37% 7.85%
EBITDA Q/Q Growth		 -324.65% 17.35% 17.53% -36.58% 1.62% 31.06% -15.45% -20.25% 36.27% 60.28% 77.12%
EBIT Q/Q Growth		 -161.22% 14.89% 12.96% -22.58% 4.47% 28.33% -17.43% -17.33% 26.26% 40.61% 34.25%
NOPAT Q/Q Growth		 -52.32% 12.77% 18.76% -25.84% 7.17% 25.51% 13.37% -53.77% 23.56% 29.93% 32.70%
Net Income Q/Q Growth		 -131.08% 17.94% 14.36% -25.59% 3.20% -459.20% 86.35% -46.09% 122.36% 130.30% -81.51%
EPS Q/Q Growth		 -122.22% 17.50% 21.21% -40.00% 5.71% -457.58% 86.96% -52.17% 122.86% 125.00% -72.22%
Operating Cash Flow Q/Q Growth		 -29.05% 96.71% -879.11% 6.48% 347.32% -121.99% 516.93% 53.45% -69.33% -1,613.45% 135.71%
Free Cash Flow Firm Q/Q Growth		 -32.73% -141.50% -51.50% 9.33% 134.01% 1,785.13% 11.80% 2.41% -27.21% -239.18% 2.54%
Invested Capital Q/Q Growth		 13.42% -10.69% 1.64% -7.36% -23.80% -145.20% -5.86% -6.88% 11.64% 62.86% -16.57%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 87.10% 87.11% 88.42% 89.01% 89.47% 89.92% 90.24% 88.90% 88.30% 88.71% 89.18%
EBITDA Margin		 -52.42% -38.75% -29.37% -38.90% -34.79% -22.37% -23.60% -27.17% -16.05% -5.94% -1.26%
Operating Margin		 -64.63% -50.42% -37.65% -45.90% -38.73% -26.90% -21.30% -31.70% -22.46% -14.66% -9.15%
EBIT Margin		 -63.14% -48.06% -38.45% -45.70% -39.68% -26.52% -28.46% -32.04% -21.89% -12.11% -7.38%
Profit (Net Income) Margin		 -60.86% -44.67% -35.16% -41.69% -36.69% -191.33% -23.86% -32.44% 6.72% 14.42% 2.47%
Tax Burden Percent		 101.25% 101.65% 105.37% 104.41% 110.66% 993.46% 112.27% 130.13% -45.21% -253.42% -98.33%
Interest Burden Percent		 95.20% 91.42% 86.78% 87.38% 83.55% 72.61% 74.66% 77.81% 67.91% 46.98% 34.06%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -21.27% -22.82% -22.39% -25.34% -23.68% -61.45% -60.03% -60.14% -48.25% -7.62% -1.28%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -18.85% -16.96% -14.44% -18.73% -17.30% -12.18% -13.25% -16.04% -11.35% -6.95% -4.12%
Return on Assets (ROA)		 -18.17% -15.76% -13.20% -17.09% -15.99% -87.88% -11.11% -16.24% 3.49% 8.28% 1.38%
Return on Common Equity (ROCE)		 -19.94% -21.75% -21.31% -24.00% -22.26% -57.19% -55.82% -56.08% -45.31% -7.10% -1.20%
Return on Equity Simple (ROE_SIMPLE)		 -22.69% -24.27% 0.00% -27.04% -25.10% -79.15% 0.00% -75.73% -57.02% -7.16% 0.00%
Net Operating Profit after Tax (NOPAT)		 -46 -40 -32 -41 -38 -28 -24 -38 -29 -20 -14
NOPAT Margin		 -45.24% -35.29% -26.35% -32.13% -27.11% -18.83% -14.91% -22.19% -15.72% -10.26% -6.40%
Net Nonoperating Expense Percent (NNEP)		 -3.34% -1.14% -1.15% -1.28% -1.38% -26.61% -1.48% -1.72% 3.94% 5.05% 1.85%
Return On Investment Capital (ROIC_SIMPLE)		 - - -3.93% - - - -4.03% - - - -1.65%
Cost of Revenue to Revenue		 12.90% 12.89% 11.58% 10.99% 10.53% 10.08% 9.76% 11.10% 11.70% 11.29% 10.82%
SG&A Expenses to Revenue		 32.76% 29.37% 24.21% 26.99% 27.09% 25.93% 24.13% 33.98% 23.64% 23.44% 21.88%
R&D to Revenue		 39.11% 36.39% 35.54% 39.71% 35.11% 32.78% 31.99% 32.00% 33.56% 31.30% 29.74%
Operating Expenses to Revenue		 151.73% 137.53% 126.07% 134.91% 128.20% 116.83% 111.54% 120.61% 110.75% 103.37% 98.33%
Earnings before Interest and Taxes (EBIT)		 -64 -54 -47 -58 -55 -40 -47 -54 -40 -24 -16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -53 -44 -36 -49 -49 -33 -39 -46 -29 -12 -2.66
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 10.89 9.44 9.59 6.02 9.68 12.25 19.78 14.66 12.66 11.90 15.22
Price to Tangible Book Value (P/TBV)		 11.08 9.60 9.75 6.11 9.81 12.49 20.13 15.55 13.46 12.52 15.92
Price to Revenue (P/Rev)		 25.46 19.01 17.43 9.94 15.10 12.42 19.09 13.37 12.24 12.12 15.55
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 22.77 16.67 15.32 8.00 13.21 10.65 17.39 11.74 10.68 10.90 14.31
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 2,053.29 0.00 287.73 86.84 103.34 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 40.96 57.92 39.42 64.20 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.14 -1.15 -1.16 -1.16 -1.17 -1.38 -1.39 -1.41 -1.37 -1.41 -1.42
Leverage Ratio		 1.34 1.32 1.39 1.39 1.39 1.67 1.74 1.74 1.69 1.82 1.91
Compound Leverage Factor		 1.28 1.21 1.21 1.21 1.16 1.21 1.30 1.35 1.15 0.85 0.65
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.24% 6.28% 6.51% 6.14% 5.72% 7.86% 7.69% 7.57% 6.56% 5.91% 5.53%
Common Equity to Total Capital		 93.76% 93.72% 93.49% 93.86% 94.28% 92.14% 92.31% 92.43% 93.44% 94.09% 94.47%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 18.03 14.34 13.08 8.06 12.84 5.98 8.93 6.65 6.84 10.63 12.28
Noncontrolling Interest Sharing Ratio		 6.24% 4.69% 4.81% 5.28% 5.98% 6.94% 7.01% 6.76% 6.10% 6.76% 6.45%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.31 4.04 3.65 3.59 3.56 2.02 1.90 1.87 1.97 2.57 2.45
Quick Ratio		 4.13 3.88 3.48 3.42 3.40 1.92 1.78 1.77 1.87 2.40 2.31
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 69 -29 -43 -39 13 251 281 276 201 -279 -272
Operating Cash Flow to CapEx		 -2,671.69% -67.10% -1,114.07% -4,281.64% 9,786.64% -809.92% 7,554.10% 5,448.29% 1,374.50% -16,748.16% 5,464.30%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.30 0.35 0.38 0.41 0.44 0.46 0.47 0.50 0.52 0.57 0.56
Accounts Receivable Turnover		 3.73 4.91 4.09 4.78 5.15 4.62 3.90 4.76 4.91 4.27 3.52
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 61.01 0.00 93.59 99.93 105.32 116.55 132.53 160.45 190.63 196.22 217.96
Accounts Payable Turnover		 7.30 8.34 10.17 12.79 12.04 10.30 17.25 20.62 19.29 21.60 18.39
Days Sales Outstanding (DSO)		 97.92 74.38 89.33 76.37 70.90 78.95 93.53 76.63 74.30 85.45 103.67
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 50.03 43.75 35.91 28.53 30.33 35.44 21.16 17.70 18.92 16.90 19.84
Cash Conversion Cycle (CCC)		 47.89 30.62 53.43 47.84 40.58 43.51 72.38 58.94 55.38 68.55 83.83
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -114 -127 -125 -134 -166 -406 -430 -447 -395 -147 -171
Invested Capital Turnover		 -5.82 -3.13 -3.26 -3.49 -3.59 -2.02 -2.09 -2.14 -2.37 -2.57 -2.53
Increase / (Decrease) in Invested Capital		 -114 -11 11 -1.58 -51 -279 -305 -313 -229 259 259
Enterprise Value (EV)		 7,585 6,321 6,501 3,709 6,634 5,743 10,082 7,307 7,103 7,755 10,862
Market Capitalization		 8,478 7,211 7,397 4,609 7,583 6,695 11,072 8,322 8,140 8,627 11,809
Book Value per Share		 $5.27 $5.13 $5.15 $5.04 $5.13 $3.53 $3.60 $3.58 $4.05 $4.52 $4.78
Tangible Book Value per Share		 $5.18 $5.05 $5.07 $4.97 $5.06 $3.47 $3.53 $3.37 $3.81 $4.29 $4.57
Total Capital		 830 815 825 816 831 593 606 614 688 770 821
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -945 -941 -949 -949 -997 -999 -1,036 -1,061 -1,083 -917 -992
Capital Expenditures (CapEx)		 1.36 1.78 1.05 0.26 0.28 0.74 0.33 0.70 0.85 1.06 1.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -113 -123 -125 -133 -164 -393 -429 -473 -436 -189 -201
Debt-free Net Working Capital (DFNWC)		 817 805 812 804 822 596 607 589 648 728 791
Net Working Capital (NWC)		 817 805 812 804 822 596 607 589 648 728 791
Net Nonoperating Expense (NNE)		 16 11 11 12 13 258 15 17 -41 -48 -19
Net Nonoperating Obligations (NNO)		 -945 -941 -949 -949 -997 -999 -1,036 -1,061 -1,083 -917 -992
Total Depreciation and Amortization (D&A)		 11 11 11 8.62 6.83 6.22 7.97 8.23 11 12 13
Debt-free, Cash-free Net Working Capital to Revenue		 -33.90% -32.39% -29.45% -28.78% -32.70% -72.95% -73.97% -76.02% -65.48% -26.60% -26.49%
Debt-free Net Working Capital to Revenue		 245.40% 212.25% 191.28% 173.38% 163.64% 110.65% 104.72% 94.58% 97.34% 102.26% 104.22%
Net Working Capital to Revenue		 245.40% 212.25% 191.28% 173.38% 163.64% 110.65% 104.72% 94.58% 97.34% 102.26% 104.22%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.40) ($0.33) ($0.26) ($0.35) ($0.33) ($1.84) ($0.24) ($0.35) $0.08 $0.18 $0.05
Adjusted Weighted Average Basic Shares Outstanding		 147.80M 148.88M 148.41M 151.69M 153.64M 155.12M 154.28M 158.16M 159.68M 161.32M 160.58M
Adjusted Diluted Earnings per Share		 ($0.40) ($0.33) ($0.26) ($0.35) ($0.33) ($1.84) ($0.24) ($0.35) $0.08 $0.18 $0.05
Adjusted Weighted Average Diluted Shares Outstanding		 147.80M 148.88M 148.41M 151.69M 153.64M 155.12M 154.28M 158.16M 166.35M 167.44M 160.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 148.80M 149.70M 151.80M 152.80M 154.70M 155.70M 158.60M 158.90M 160.50M 162.30M 164M
Normalized Net Operating Profit after Tax (NOPAT)		 -46 -40 -32 -41 -38 -28 -24 -38 -29 -20 -14
Normalized NOPAT Margin		 -45.24% -35.29% -26.35% -32.13% -27.11% -18.83% -14.91% -22.19% -15.72% -10.26% -6.40%
Pre Tax Income Margin		 -60.11% -43.94% -33.37% -39.93% -33.15% -19.26% -21.25% -24.93% -14.87% -5.69% -2.51%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

GitLab Inc. (NASDAQ: GTLB) has shown significant developments in its financial performance and position over the past several years, with detailed data available from Q3 2022 through Q4 2025. Below is a summary of key trends and factors that retail investors should consider.

  • Revenue Growth: Operating revenue steadily increased from $66.8 million in Q3 2022 to over $211.4 million in Q4 2025, reflecting strong business growth and adoption of GitLab’s solutions.
  • Increasing Gross Profit: Gross profit rose from approximately $59.6 million in Q3 2022 to $188.6 million in Q4 2025, indicating improved scalability and higher revenue retention on sales.
  • Operating Efficiency Gains: While operating expenses rose substantially, the ratio of selling, marketing, and R&D expenses relative to revenues showed some moderation in recent quarters, suggesting efforts toward efficiency.
  • Positive Net Income in Recent Quarters: GitLab posted net income attributable to common shareholders of $5.8 million in Q4 2025, after several quarters of losses, indicating progress toward profitability.
  • Strong Operating Cash Flow: Net cash from operating activities turned positive sharply to $63.2 million in Q4 2025, an improvement from negative operating cash flow in Q3 2025, highlighting strengthening business fundamentals.
  • Consistent Investment Activities: GitLab has consistently invested heavily in property, equipment, acquisitions, and short-term investments, which supports future growth but also reflects cash outflows.
  • Equity Financing: The company has periodically issued common equity funding, which provides capital for growth but may dilute existing shareholders.
  • Operating Losses Historically: Despite improvements, GitLab had operating losses ranging from $32 million to over $65 million in several quarters between 2022 and 2025, indicating ongoing challenges in managing expenses.
  • High Selling & Marketing Expenses: Marketing expense consistently represents a significant portion of operating expenses, exceeding $90 million in recent quarters, exerting pressure on profitability.
  • Large Net Losses in Earlier Years: There were substantial net losses in 2022 and 2023, including a $286 million loss in Q3 2024, which impacts retained earnings and overall equity strength.

Balance Sheet Overview: GitLab maintains a solid balance sheet with increasing total assets rising from approximately $1.03 billion in Q3 2022 to about $1.25 billion by Q3 2025. The company’s cash and short-term investments remain robust, supporting liquidity. However, current liabilities rose significantly, particularly deferred revenue and accrued expenses, necessitating ongoing monitoring of working capital management.

Summary: Overall, GitLab demonstrates strong top-line growth and improving profitability metrics with positive net income and cash flow in late 2025. The company is investing aggressively in growth through R&D and marketing although operating expenses and historical losses remain areas of concern. GitLab's improving cash flows and profitability signal potential for sustainable growth, but investors should watch expense management and margin improvement closely.

10/22/25 05:02 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About GitLab's Financials

When does GitLab's fiscal year end?

According to the most recent income statement we have on file, GitLab's financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has GitLab's net income changed over the last 5 years?

Over the last 5 years, GitLab's net income changed from -$130.74 million in 2020 to -$9.12 million in 2025, a change of -93.0%. Find out what analysts predict for GitLab in the coming months.

What is GitLab's operating income?
GitLab's total operating income in 2025 was -$142.72 million, based on the following breakdown:
  • Total Gross Profit: $674.11 million
  • Total Operating Expenses: $816.82 million
How has GitLab's revenue changed over the last 5 years?

Over the last 5 years, GitLab's total revenue changed from $81.23 million in 2020 to $759.25 million in 2025, a change of 834.7%.

How much debt does GitLab have?

GitLab's total liabilities were at $577.96 million at the end of 2025, a 19.2% decrease from 2024, and a 242.2% increase since 2021.

How much cash does GitLab have?

In the past 4 years, GitLab's cash and equivalents has ranged from $227.65 million in 2025 to $884.67 million in 2022, and is currently $227.65 million as of their latest financial filing in 2025.

How has GitLab's book value per share changed over the last 5 years?

Over the last 5 years, GitLab's book value per share changed from 0.00 in 2020 to 4.78 in 2025, a change of 478.1%.


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This page (NASDAQ:GTLB) was last updated on 10/22/2025 by MarketBeat.com Staff
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