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GitLab (GTLB) Financials

GitLab logo
$46.85 -1.77 (-3.64%)
Closing price 09/25/2026 04:00 PM Eastern
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$46.98 +0.13 (+0.28%)
As of 09/25/2026 07:54 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 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -131 -192 -155 -173 -426 -6.33 -56
Consolidated Net Income / (Loss)		 -131 -192 -158 -182 -430 -9.12 -59
Net Income / (Loss) Continuing Operations		 -131 -192 -158 -182 -430 -9.12 -59
Total Pre-Tax Income 		-130 -189 -159 -175 -161 -86 -48
Total Operating Income		 -128 -214 -129 -211 -187 -143 -70
Total Gross Profit		 72 134 223 373 520 674 834
Total Revenue		 81 152 253 424 580 759 955
Operating Revenue		 81 152 253 424 580 759 955
Total Cost of Revenue		 9.38 18 30 52 60 85 121
Operating Cost of Revenue		 9.38 18 30 52 60 85 121
Total Operating Expenses		 200 348 352 584 708 817 905
Selling, General & Admin Expense		 42 87 64 118 150 193 196
Marketing Expense		 99 154 191 310 356 384 435
Research & Development Expense		 59 107 97 156 201 240 275
Total Other Income / (Expense), net		 -1.17 25 -30 36 27 57 22
Interest & Investment Income		 3.63 1.07 0.74 14 39 48 46
Other Income / (Expense), net		 -4.80 23 -31 22 -12 9.19 -23
Income Tax Expense		 1.20 2.83 -1.51 4.03 265 -77 10
Other Gains / (Losses), net		 - 0.00 0.00 -2.47 -3.82 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -2.42 -8.39 -3.86 -2.79 -2.61
Basic Earnings per Share		 ($2.76) ($3.82) ($1.95) ($1.17) ($2.76) ($0.04) ($0.34)
Weighted Average Basic Shares Outstanding		 47.31M 50.34M 79.76M 148.41M 154.28M 160.58M 166.79M
Diluted Earnings per Share		 ($2.76) ($3.82) ($1.95) ($1.17) ($2.76) ($0.04) ($0.34)
Weighted Average Diluted Shares Outstanding		 47.31M 50.34M 79.76M 148.41M 154.28M 160.58M 166.79M
Weighted Average Basic & Diluted Shares Outstanding		 - - 147.60M 151.80M 158.60M 164M 170.10M

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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -38 -55 13 29 5.80 -36 -9.21 -8.28 -2.60 -4.97 -37
Consolidated Net Income / (Loss)		 -39 -55 12 28 5.23 -36 -10.00 -8.80 -3.51 -5.58 -36
Net Income / (Loss) Continuing Operations		 -39 -55 12 28 5.23 -36 -10.00 -8.80 -3.51 -5.58 -36
Total Pre-Tax Income 		-35 -42 -27 -11 -5.32 -34 -7.75 -6.99 0.39 -3.55 -39
Total Operating Income		 -35 -54 -41 -29 -19 -35 -18 -12 -5.16 -16 -57
Total Gross Profit		 148 150 161 174 189 189 207 212 225 227 241
Total Revenue		 164 169 183 196 211 215 236 244 260 264 286
Operating Revenue		 164 169 183 196 211 215 236 244 260 264 286
Total Cost of Revenue		 16 19 21 22 23 25 29 32 35 37 46
Operating Cost of Revenue		 16 19 21 22 23 25 29 32 35 37 46
Total Operating Expenses		 183 204 202 203 208 224 226 224 231 242 298
Selling, General & Admin Expense		 40 57 43 46 46 51 45 51 49 52 68
Marketing Expense		 91 92 98 95 99 108 110 105 113 119 134
Research & Development Expense		 52 54 61 61 63 65 71 69 69 71 95
Total Other Income / (Expense), net		 0.08 11 14 17 14 0.89 11 5.37 5.56 12 18
Interest & Investment Income		 12 12 13 13 10 11 12 12 12 12 12
Other Income / (Expense), net		 -12 -0.89 1.26 4.80 3.73 -9.97 -0.91 -6.33 -6.08 0.26 5.41
Income Tax Expense		 2.86 13 -39 -39 -11 2.54 2.25 1.81 3.90 2.03 -3.20
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.10 -0.24 -0.68 -1.30 -0.58 -0.38 -0.79 -0.52 -0.92 -0.61 0.71
Basic Earnings per Share		 ($0.24) ($0.35) $0.08 $0.18 $0.05 ($0.22) ($0.06) ($0.05) ($0.01) ($0.03) ($0.22)
Weighted Average Basic Shares Outstanding		 154.28M 158.16M 159.68M 161.32M 160.58M 164.49M 165.95M 167.41M 166.79M 169.95M 168.70M
Diluted Earnings per Share		 ($0.24) ($0.35) $0.08 $0.17 $0.05 ($0.22) ($0.06) ($0.05) ($0.01) ($0.03) ($0.22)
Weighted Average Diluted Shares Outstanding		 154.28M 158.16M 166.35M 167.44M 160.58M 164.49M 165.95M 167.41M 166.79M 169.95M 168.70M
Weighted Average Basic & Diluted Shares Outstanding		 158.60M 158.90M 160.50M 162.30M 164M 165.20M 166.70M 168.40M 170.10M 168.90M 166.60M

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 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Net Change in Cash & Equivalents		 211 -60 604 -589 -9.91 -60 1.93
Net Cash From Operating Activities		 -60 -74 -50 -77 35 -64 233
Net Cash From Continuing Operating Activities		 -60 -74 -50 -77 35 -64 233
Net Income / (Loss) Continuing Operations		 -131 -192 -158 -182 -430 -9.12 -59
Consolidated Net Income / (Loss)		 -131 -192 -158 -182 -430 -9.12 -59
Depreciation Expense		 0.00 0.00 0.54 3.23 4.37 2.86 3.28
Amortization Expense		 7.96 19 34 41 25 41 55
Non-Cash Adjustments To Reconcile Net Income		 45 88 51 105 193 189 242
Changes in Operating Assets and Liabilities, net		 17 11 23 -45 242 -288 -8.46
Net Cash From Investing Activities		 0.00 -0.84 -54 -606 -86 -30 -267
Net Cash From Continuing Investing Activities		 0.00 -0.84 -54 -606 -86 -30 -267
Purchase of Property, Plant & Equipment		 0.00 0.00 -3.54 -6.07 -1.60 -3.77 -11
Acquisitions		 0.00 -0.93 -0.32 -9.62 -2.50 -28 0.00
Purchase of Investments		 0.00 0.00 -100 -822 -816 -708 -1,011
Sale and/or Maturity of Investments		 0.00 0.00 50 232 734 708 755
Other Investing Activities, net		 0.00 0.09 0.00 0.00 -0.45 0.46 0.00
Net Cash From Financing Activities		 271 13 701 97 45 33 35
Net Cash From Continuing Financing Activities		 271 13 701 97 45 33 35
Issuance of Common Equity		 3.09 14 706 101 45 38 36
Other Financing Activities, net		 0.00 0.00 0.09 -3.14 0.00 -4.90 -0.95
Effect of Exchange Rate Changes		 - 1.00 6.85 -3.66 -3.94 1.50 1.55
Cash Income Taxes Paid		 1.99 1.90 1.31 0.84 6.90 3.10 4.77

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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
Net Change in Cash & Equivalents		 2.69 132 18 -262 51 28 5.65 -37 5.35 106 -109
Net Cash From Operating Activities		 25 38 12 -177 63 106 49 31 46 149 -3.09
Net Cash From Continuing Operating Activities		 25 38 12 -177 63 106 49 31 46 148 -2.27
Net Income / (Loss) Continuing Operations		 -39 -55 12 28 5.23 -36 -10.00 -8.80 -3.51 -5.58 -36
Consolidated Net Income / (Loss)		 -39 -55 12 28 5.23 -36 -10.00 -8.80 -3.51 -5.58 -36
Depreciation Expense		 1.04 0.94 0.74 0.68 0.50 0.56 0.76 0.87 1.10 1.30 1.35
Amortization Expense		 6.93 7.30 9.93 11 12 13 13 14 15 15 12
Non-Cash Adjustments To Reconcile Net Income		 61 46 51 46 46 68 57 56 61 39 85
Changes in Operating Assets and Liabilities, net		 -4.96 39 -62 -264 -0.62 61 -12 -31 -28 99 -65
Net Cash From Investing Activities		 -36 89 -5.16 -93 -22 -82 -57 -76 -53 4.16 -9.54
Net Cash From Continuing Investing Activities		 -36 89 -5.16 -93 -22 -82 -57 -76 -53 4.16 -9.54
Purchase of Property, Plant & Equipment		 -0.33 -0.70 -0.85 -1.06 -1.16 -0.91 -2.90 -3.04 -3.97 -2.39 -0.21
Purchase of Investments		 -242 -144 -119 -240 -204 -246 -238 -314 -213 -222 -200
Sale and/or Maturity of Investments		 207 255 121 149 184 165 184 242 164 229 190
Net Cash From Financing Activities		 15 5.09 13 2.92 12 3.33 12 7.65 11 -48 -96
Net Cash From Continuing Financing Activities		 15 5.09 13 2.92 12 3.33 12 7.65 11 -48 -96
Repurchase of Common Equity		 - - - - - 0.00 - - - -50 -105
Issuance of Common Equity		 15 5.09 13 7.82 12 3.33 12 8.18 12 2.37 9.87
Other Financing Activities, net		 - - - - - 0.00 - - -0.42 -0.16 -0.75
Cash Income Taxes Paid		 0.89 1.01 0.79 189 0.51 -0.00 -0.38 0.38 6.06 0.14 7.62

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 2026
Period end date 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Total Assets		 363 1,091 1,169 1,321 1,399 1,723
Total Current Assets		 348 1,052 1,118 1,284 1,336 1,656
Cash & Equivalents		 283 885 295 288 228 230
Short-Term Investments		 0.00 50 641 748 765 1,030
Accounts Receivable		 40 77 130 167 265 304
Prepaid Expenses		 7.29 16 24 49 40 49
Other Current Assets		 19 24 27 32 39 43
Plant, Property, & Equipment, net		 0.00 3.27 5.80 2.95 4.01 12
Total Noncurrent Assets		 14 36 45 34 59 55
Goodwill		 - 8.15 8.15 8.15 16 17
Intangible Assets		 0.80 6.29 3.90 1.73 18 9.77
Other Noncurrent Operating Assets		 13 22 21 24 25 28
Total Liabilities & Shareholders' Equity		 363 1,091 1,169 1,321 1,399 1,723
Total Liabilities		 169 292 344 715 578 686
Total Current Liabilities		 127 242 306 677 545 652
Accounts Payable		 3.11 4.98 5.18 1.74 7.52 9.21
Accrued Expenses		 7.35 25 26 301 55 58
Current Deferred Revenue		 104 179 254 338 443 545
Current Employee Benefit Liabilities		 13 33 21 36 40 40
Total Noncurrent Liabilities		 42 51 38 38 33 34
Noncurrent Deferred Revenue		 31 33 28 24 26 27
Other Noncurrent Operating Liabilities		 11 18 9.82 14 6.56 7.36
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -231 799 825 606 821 1,036
Total Preferred & Common Equity		 -231 775 771 560 776 991
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -231 775 771 560 776 991
Common Stock		 187 1,320 1,497 1,719 1,952 2,207
Retained Earnings		 -398 -553 -726 -1,161 -1,168 -1,224
Accumulated Other Comprehensive Income / (Loss)		 -20 7.72 -0.71 2.40 -8.51 6.88
Noncontrolling Interest		 0.00 24 54 47 45 46

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 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027 Q2 2027
Period end date 4/30/2023 7/31/2023 10/31/2023 4/30/2024 7/31/2024 10/31/2024 4/30/2025 7/31/2025 10/31/2025 4/30/2026 7/31/2026
Total Assets		 1,164 1,189 1,227 1,322 1,376 1,253 1,442 1,498 1,571 1,706 1,662
Total Current Assets		 1,115 1,143 1,182 1,263 1,314 1,192 1,381 1,436 1,507 1,639 1,595
Cash & Equivalents		 316 273 285 420 439 177 256 261 224 335 226
Short-Term Investments		 622 713 704 641 644 740 849 904 980 1,022 1,030
Accounts Receivable		 126 106 136 135 165 198 201 198 221 200 257
Prepaid Expenses		 26 26 30 35 32 43 39 38 45 42 41
Other Current Assets		 25 25 27 31 34 35 35 35 37 39 40
Plant, Property, & Equipment, net		 4.94 4.08 3.69 2.82 2.90 3.56 4.86 7.64 10 13 11
Total Noncurrent Assets		 44 42 41 56 59 57 56 54 54 53 56
Goodwill		 8.15 8.15 8.15 16 16 16 16 17 17 18 17
Intangible Assets		 3.32 2.77 2.25 17 22 20 16 14 12 7.76 5.74
Other Noncurrent Operating Assets		 21 20 21 23 21 21 25 24 25 28 32
Total Liabilities & Shareholders' Equity		 1,164 1,189 1,227 1,322 1,376 1,253 1,442 1,498 1,571 1,706 1,662
Total Liabilities		 349 358 634 707 688 482 589 587 603 674 690
Total Current Liabilities		 311 321 586 675 667 465 556 553 566 643 662
Accounts Payable		 3.03 4.17 5.02 3.23 3.22 2.22 11 11 9.19 8.85 9.96
Accrued Expenses		 29 25 270 307 272 52 66 52 58 73 52
Current Deferred Revenue		 263 269 288 342 362 383 451 459 465 533 554
Current Employee Benefit Liabilities		 16 24 23 23 29 27 28 30 33 29 47
Total Noncurrent Liabilities		 37 37 48 33 21 18 33 33 37 31 28
Noncurrent Deferred Revenue		 28 26 23 15 15 14 26 26 29 24 21
Other Noncurrent Operating Liabilities		 9.41 11 25 17 6.68 3.78 7.03 7.50 8.06 7.11 7.21
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 816 831 593 614 688 770 853 912 968 1,031 971
Total Preferred & Common Equity		 765 784 547 568 643 725 808 867 923 985 926
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 765 784 547 568 643 725 808 867 923 985 926
Common Stock		 1,543 1,610 1,658 1,769 1,834 1,892 2,013 2,081 2,142 2,209 2,190
Retained Earnings		 -778 -828 -1,113 -1,204 -1,192 -1,162 -1,203 -1,213 -1,221 -1,229 -1,265
Accumulated Other Comprehensive Income / (Loss)		 1.00 1.78 1.55 3.36 0.57 -5.00 -1.46 -1.51 1.96 4.50 0.46
Noncontrolling Interest		 50 48 47 47 45 46 44 45 45 46 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 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
DEI Shares Outstanding		 - - - - - - 168,400,000.00
DEI Adjusted Shares Outstanding		 - - - - - - 168,400,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -0.33
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -90 -150 -90 -148 -131 -100 -49
Return On Investment Capital (ROIC_SIMPLE)		 - - - -17.94% -21.64% -12.16% -4.76%
Earnings before Interest and Taxes (EBIT)		 -133 -190 -160 -190 -200 -134 -94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -125 -172 -125 -145 -170 -90 -36
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -61 -44 -159 174 -359 3.25
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -89 -135 -125 -430 -171 -224
Increase / (Decrease) in Invested Capital		 0.00 -89 -46 11 -305 259 -53
Book Value per Share		 $0.00 ($4.59) $5.35 $5.15 $3.60 $4.78 $5.88
Tangible Book Value per Share		 $0.00 ($4.61) $5.25 $5.07 $3.53 $4.57 $5.72
Total Capital		 0.00 194 799 825 606 821 1,036
Total Debt		 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
Net Debt		 0.00 -283 -935 -949 -1,036 -992 -1,260
Capital Expenditures (CapEx)		 0.00 0.00 3.54 6.07 1.60 3.77 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -62 -124 -125 -429 -201 -256
Debt-free Net Working Capital (DFNWC)		 0.00 221 810 812 607 791 1,004
Net Working Capital (NWC)		 0.00 221 810 812 607 791 1,004
Net Nonoperating Expense (NNE)		 41 42 67 34 298 -91 9.23
Net Nonoperating Obligations (NNO)		 0.00 -283 -935 -949 -1,036 -992 -1,260
Total Depreciation and Amortization (D&A)		 7.96 19 35 44 30 44 58
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.95) ($1.16) ($2.75) ($0.04) ($0.34)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 79.76M 148.41M 154.28M 160.58M 166.79M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.95) ($1.16) ($2.75) ($0.04) ($0.34)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 79.76M 148.41M 154.28M 160.58M 166.79M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $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 170.10M
Normalized Net Operating Profit after Tax (NOPAT)		 -90 -150 -90 -148 -131 -100 -49
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for GitLab

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

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
DEI Shares Outstanding		 - - - - - - - - 168,400,000.00 170,100,000.00 168,900,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 168,400,000.00 170,100,000.00 168,900,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -0.02 -0.03 -0.22
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 33.25% 33.35% 30.81% 30.99% 29.10% 26.79% 29.23% 24.64% - 23.15% 21.31%
EBITDA Growth		 -7.06% 6.85% 39.66% 65.24% 93.11% 32.82% 80.30% 65.60% - 101.34% -562.70%
EBIT Growth		 1.37% 6.51% 27.83% 40.20% 66.52% 18.24% 51.54% 21.91% - 65.25% -167.52%
NOPAT Growth		 24.62% 7.89% 24.14% 28.65% 44.56% 35.48% 55.25% 57.00% - 54.50% -210.26%
Net Income Growth		 9.59% -3.76% 123.97% 109.87% 113.38% 34.64% -181.69% -131.64% - 84.61% -261.46%
EPS Growth		 7.69% 0.00% 124.24% 109.78% 120.83% 37.14% -175.00% -129.41% - 86.36% -266.67%
Operating Cash Flow Growth		 312.06% 447.94% -56.85% -2,869.77% 154.38% 178.73% 322.07% 117.75% - 40.35% -106.26%
Free Cash Flow Firm Growth		 749.89% 803.90% 1,406.66% -211.24% -196.97% -179.45% -176.88% 128.95% - 128.69% 94.85%
Invested Capital Growth		 -245.00% -234.25% -138.56% 63.86% 60.21% 43.59% 35.82% -61.03% - -29.29% -12.58%
Revenue Q/Q Growth		 9.43% 3.30% 7.92% 7.37% 7.85% 1.46% 10.00% 3.56% - 1.44% 8.36%
EBITDA Q/Q Growth		 -15.45% -20.25% 36.27% 60.28% 77.12% -1,067.93% 81.59% 28.95% - -91.92% -9,223.32%
EBIT Q/Q Growth		 -17.43% -17.33% 26.26% 40.61% 34.25% -185.63% 56.79% 2.97% - -37.86% -232.57%
NOPAT Q/Q Growth		 13.37% -53.77% 23.56% 29.93% 32.70% -78.97% 46.98% 32.67% - -123.76% -261.52%
Net Income Q/Q Growth		 86.35% -46.09% 122.36% 130.30% -81.51% -793.67% 72.43% 11.99% - -58.81% -547.64%
EPS Q/Q Growth		 86.96% -52.17% 122.86% 125.00% -72.22% -540.00% 72.73% 16.67% - -200.00% -633.33%
Operating Cash Flow Q/Q Growth		 516.93% 53.45% -69.33% -1,613.45% 135.71% 68.14% -53.56% -36.34% - 226.06% -102.07%
Free Cash Flow Firm Q/Q Growth		 11.80% 2.41% -27.21% -239.18% 2.54% 19.54% 29.56% 152.42% - -36.49% -112.65%
Invested Capital Q/Q Growth		 -5.86% -6.88% 11.64% 62.86% -16.57% -47.44% -0.54% 6.82% - -45.82% 12.46%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 90.24% 88.90% 88.30% 88.71% 89.18% 88.33% 87.92% 86.81% - 85.81% 84.06%
EBITDA Margin		 -23.60% -27.17% -16.05% -5.94% -1.26% -14.50% -2.43% -1.67% - 0.16% -13.26%
Operating Margin		 -21.30% -31.70% -22.46% -14.66% -9.15% -16.13% -7.78% -5.06% - -5.96% -19.89%
EBIT Margin		 -28.46% -32.04% -21.89% -12.11% -7.38% -20.78% -8.16% -7.65% - -5.87% -18.00%
Profit (Net Income) Margin		 -23.86% -32.44% 6.72% 14.42% 2.47% -16.90% -4.24% -3.60% - -2.11% -12.62%
Tax Burden Percent		 112.27% 130.13% -45.21% -253.42% -98.33% 107.53% 128.96% 125.92% - 157.29% 91.88%
Interest Burden Percent		 74.66% 77.81% 67.91% 46.98% 34.06% 75.64% 40.24% 37.38% - 22.89% 76.32%
Effective Tax Rate		 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%
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%
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%
Return on Equity (ROE)		 -60.03% -60.14% -48.25% -7.62% -1.28% 1.38% -1.52% -5.61% - -2.96% -5.74%
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%
Operating Return on Assets (OROA)		 -13.25% -16.04% -11.35% -6.95% -4.12% -12.10% -4.87% -4.91% - -3.75% -12.02%
Return on Assets (ROA)		 -11.11% -16.24% 3.49% 8.28% 1.38% -9.84% -2.53% -2.31% - -1.35% -8.43%
Return on Common Equity (ROCE)		 -55.82% -56.08% -45.31% -7.10% -1.20% 1.29% -1.43% -5.31% - -2.82% -5.46%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -75.73% -57.02% -7.16% 0.00% 1.25% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -24 -38 -29 -20 -14 -24 -13 -8.65 46 -11 -40
NOPAT Margin		 -14.91% -22.19% -15.72% -10.26% -6.40% -11.29% -5.44% -3.54% - -4.17% -13.92%
Net Nonoperating Expense Percent (NNEP)		 -1.48% -1.72% 3.94% 5.05% 1.85% -1.11% 0.25% -0.01% - 0.44% 0.31%
Return On Investment Capital (ROIC_SIMPLE)		 -4.03% - - - -1.65% -2.84% -1.41% -0.89% 4.48% -1.07% -4.10%
Cost of Revenue to Revenue		 9.76% 11.10% 11.70% 11.29% 10.82% 11.67% 12.08% 13.19% - 14.19% 15.94%
SG&A Expenses to Revenue		 24.13% 33.98% 23.64% 23.44% 21.88% 23.82% 18.96% 20.79% - 19.53% 23.83%
R&D to Revenue		 31.99% 32.00% 33.56% 31.30% 29.74% 30.49% 30.30% 28.12% - 27.06% 33.18%
Operating Expenses to Revenue		 111.54% 120.61% 110.75% 103.37% 98.33% 104.46% 95.70% 91.87% - 91.77% 103.95%
Earnings before Interest and Taxes (EBIT)		 -47 -54 -40 -24 -16 -45 -19 -19 -11 -15 -52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -39 -46 -29 -12 -2.66 -31 -5.73 -4.07 5.15 0.42 -38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 19.78 14.66 12.66 11.90 15.22 9.47 8.35 8.81 - 3.82 6.30
Price to Tangible Book Value (P/TBV)		 20.13 15.55 13.46 12.52 15.92 9.86 8.66 9.09 - 3.92 6.46
Price to Revenue (P/Rev)		 19.09 13.37 12.24 12.12 15.55 9.51 8.44 8.97 - 3.75 5.52
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 587.31 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%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 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
Enterprise Value to Revenue (EV/Rev)		 17.39 11.74 10.68 10.90 14.31 8.19 7.13 7.69 - 2.44 4.38
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
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
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
Enterprise Value to Operating Cash Flow (EV/OCF)		 287.73 86.84 103.34 0.00 0.00 1,572.47 146.12 27.83 - 8.90 20.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 57.92 39.42 64.20 0.00 0.00 0.00 0.00 229.93 - 65.01 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
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
Financial Leverage		 -1.39 -1.41 -1.37 -1.41 -1.42 -1.48 -1.41 -1.22 - -1.31 -1.29
Leverage Ratio		 1.74 1.74 1.69 1.82 1.91 1.88 1.80 1.62 - 1.67 1.68
Compound Leverage Factor		 1.30 1.35 1.15 0.85 0.65 1.42 0.72 0.61 - 0.38 1.28
Debt to Total Capital		 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%
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%
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%
Noncontrolling Interests to Total Capital		 7.69% 7.57% 6.56% 5.91% 5.53% 5.20% 4.94% 4.68% - 4.48% 4.73%
Common Equity to Total Capital		 92.31% 92.43% 93.44% 94.09% 94.47% 94.80% 95.06% 95.32% - 95.52% 95.27%
Debt to EBITDA		 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
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
Debt to NOPAT		 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
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
Altman Z-Score		 8.93 6.65 6.84 10.63 12.28 7.77 7.51 8.26 - 3.60 5.21
Noncontrolling Interest Sharing Ratio		 7.01% 6.76% 6.10% 6.76% 6.45% 6.19% 5.64% 5.22% - 4.80% 4.83%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.90 1.87 1.97 2.57 2.45 2.48 2.60 2.66 - 2.55 2.41
Quick Ratio		 1.78 1.77 1.87 2.40 2.31 2.35 2.46 2.52 - 2.42 2.29
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 281 276 201 -279 -272 -219 -154 81 99 63 -7.95
Operating Cash Flow to CapEx		 7,554.10% 5,448.29% 1,374.50% -16,748.16% 5,464.30% 11,655.92% 1,700.03% 1,034.50% - 6,234.73% -1,451.64%
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
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
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
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.47 0.50 0.52 0.57 0.56 0.58 0.60 0.64 - 0.64 0.67
Accounts Receivable Turnover		 3.90 4.76 4.91 4.27 3.52 4.78 4.73 4.33 - 5.00 4.64
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 132.53 160.45 190.63 196.22 217.96 209.63 162.78 131.76 - 113.98 112.64
Accounts Payable Turnover		 17.25 20.62 19.29 21.60 18.39 12.59 13.48 19.04 - 13.23 14.08
Days Sales Outstanding (DSO)		 93.53 76.63 74.30 85.45 103.67 76.35 77.17 84.32 - 72.96 78.72
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 21.16 17.70 18.92 16.90 19.84 28.99 27.07 19.17 - 27.59 25.92
Cash Conversion Cycle (CCC)		 72.38 58.94 55.38 68.55 83.83 47.36 50.10 65.15 - 45.37 52.80
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -430 -447 -395 -147 -171 -252 -254 -236 -224 -326 -285
Invested Capital Turnover		 -2.09 -2.14 -2.37 -2.57 -2.53 -2.30 -2.65 -4.73 - -3.47 -3.91
Increase / (Decrease) in Invested Capital		 -305 -313 -229 259 259 195 142 -90 -53 -74 -32
Enterprise Value (EV)		 10,082 7,307 7,103 7,755 10,862 6,593 6,117 6,968 - 2,455 4,618
Market Capitalization		 11,072 8,322 8,140 8,627 11,809 7,654 7,237 8,127 - 3,766 5,829
Book Value per Share		 $3.60 $3.58 $4.05 $4.52 $4.78 $4.93 $5.25 $5.54 $5.88 $5.79 $5.48
Tangible Book Value per Share		 $3.53 $3.37 $3.81 $4.29 $4.57 $4.73 $5.06 $5.36 $5.72 $5.64 $5.34
Total Capital		 606 614 688 770 821 853 912 968 1,036 1,031 971
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		 -1,036 -1,061 -1,083 -917 -992 -1,105 -1,165 -1,204 -1,260 -1,358 -1,257
Capital Expenditures (CapEx)		 0.33 0.70 0.85 1.06 1.16 0.91 2.90 3.04 3.97 2.39 0.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -429 -473 -436 -189 -201 -280 -282 -263 -256 -361 -324
Debt-free Net Working Capital (DFNWC)		 607 589 648 728 791 824 883 941 1,004 996 933
Net Working Capital (NWC)		 607 589 648 728 791 824 883 941 1,004 996 933
Net Nonoperating Expense (NNE)		 15 17 -41 -48 -19 12 -2.85 0.15 50 -5.45 -3.72
Net Nonoperating Obligations (NNO)		 -1,036 -1,061 -1,083 -917 -992 -1,105 -1,165 -1,204 -1,260 -1,358 -1,257
Total Depreciation and Amortization (D&A)		 7.97 8.23 11 12 13 13 14 15 16 16 14
Debt-free, Cash-free Net Working Capital to Revenue		 -73.97% -76.02% -65.48% -26.60% -26.49% -34.86% -32.91% -29.04% - -35.94% -30.73%
Debt-free Net Working Capital to Revenue		 104.72% 94.58% 97.34% 102.26% 104.22% 102.46% 102.90% 103.85% - 99.15% 88.40%
Net Working Capital to Revenue		 104.72% 94.58% 97.34% 102.26% 104.22% 102.46% 102.90% 103.85% - 99.15% 88.40%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.24) ($0.35) $0.08 $0.18 $0.05 ($0.22) ($0.06) ($0.05) ($0.01) ($0.03) ($0.22)
Adjusted Weighted Average Basic Shares Outstanding		 154.28M 158.16M 159.68M 161.32M 160.58M 164.49M 165.95M 167.41M 166.79M 169.95M 168.70M
Adjusted Diluted Earnings per Share		 ($0.24) ($0.35) $0.08 $0.18 $0.05 ($0.22) ($0.06) ($0.05) ($0.01) ($0.03) ($0.22)
Adjusted Weighted Average Diluted Shares Outstanding		 154.28M 158.16M 166.35M 167.44M 160.58M 164.49M 165.95M 167.41M 166.79M 169.95M 168.70M
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		 158.60M 158.90M 160.50M 162.30M 164M 165.20M 166.70M 168.40M 170.10M 168.90M 166.60M
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -38 -29 -20 -14 -24 -13 -8.65 -3.61 -11 -40
Normalized NOPAT Margin		 -14.91% -22.19% -15.72% -10.26% -6.40% -11.29% -5.44% -3.54% - -4.17% -13.92%
Pre Tax Income Margin		 -21.25% -24.93% -14.87% -5.69% -2.51% -15.72% -3.28% -2.86% - -1.34% -13.74%
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
NOPAT to Interest Expense		 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
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
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%
Augmented Payout Ratio		 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’s revenue growth remains strong, but profitability has deteriorated in the latest quarter. Q2 2027 revenue increased to $286.3 million from $236.0 million in Q2 2026 and $182.6 million in Q2 2025. Compared with Q2 2024, revenue has more than doubled. However, growth has not yet translated into consistent earnings, as GitLab reported a $36.1 million net loss, or $0.22 per diluted share, in Q2 2027.

Gross margin remained high at approximately 84%, although it declined from roughly 89% in Q2 2024. Operating expenses rose to $297.6 million, exceeding gross profit of $240.6 million and producing a $56.9 million operating loss. Marketing expense was the largest cost at $134.4 million, followed by research and development expense of $95.0 million.

Cash generation was particularly weak in the latest quarter. Operating cash flow shifted from a $149.2 million inflow in Q1 2027 to a $3.1 million outflow in Q2. The decline was primarily driven by a $64.7 million use of cash from operating assets and liabilities. GitLab still maintains substantial liquidity, with $1.26 billion in cash and short-term investments, but it spent $104.6 million on share repurchases during the quarter and ended Q2 with a $108.9 million decrease in cash and equivalents.

  • Revenue momentum remains substantial: quarterly revenue rose from $139.6 million in Q2 2024 to $286.3 million in Q2 2027, indicating continued demand for GitLab’s platform.
  • Deferred revenue is expanding: current deferred revenue reached $553.8 million, up from $459.5 million a year earlier, providing visibility into future recognized revenue.
  • Liquidity remains strong: cash and short-term investments totaled approximately $1.26 billion at the end of Q2 2027, while total liabilities were $690.3 million and the company reported no debt-related obligations in the provided data.
  • Share repurchases may support per-share value: GitLab repurchased $104.6 million of common stock in Q2 and $50.0 million in Q1, reducing the share count and potentially offsetting dilution from equity compensation.
  • Gross margins remain attractive but are trending lower: the approximately 84% Q2 2027 gross margin is strong for a software company, but it compares with roughly 89% in Q2 2024 and warrants monitoring.
  • Investment income is meaningful: GitLab generated $12.2 million of interest and investment income in Q2 2027, helping reduce the net loss, although this benefit depends on cash balances and interest rates rather than core operations.
  • Operating losses widened sequentially: the Q2 operating loss of $56.9 million was substantially worse than the $15.7 million loss in Q1 2027, as operating expenses grew faster than gross profit.
  • Marketing spending is consuming a large portion of gross profit: marketing expense increased to $134.4 million in Q2 2027, representing more than half of gross profit and placing pressure on the path to operating profitability.
  • Operating cash flow is volatile: cash from operations fell from a $149.2 million inflow in Q1 2027 to a $3.1 million outflow in Q2, highlighting the impact of working-capital fluctuations and the absence of consistent earnings-based cash generation.
  • GitLab remains dependent on non-cash adjustments and accumulated losses: retained earnings were negative $1.27 billion, while Q2 operating cash flow benefited from $84.9 million of non-cash adjustments despite the company reporting a net loss.
09/26/26 11:25 AM ETAI Generated. May Contain Errors.

GitLab Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GitLab's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

GitLab's net income appears to be on an upward trend, with a most recent value of -$58.56 million in 2026, rising from -$130.74 million in 2020. The previous period was -$9.12 million in 2025. See GitLab's forecast for analyst expectations on what's next for the company.

GitLab's total operating income in 2026 was -$70.48 million, based on the following breakdown:
  • Total Gross Profit: $834.48 million
  • Total Operating Expenses: $904.96 million

Over the last 6 years, GitLab's total revenue changed from $81.23 million in 2020 to $955.22 million in 2026, a change of 1,076.0%.

In the past 13 quarters, GitLab's cash and equivalents has ranged from $176.63 million in Q3 2025 to $438.62 million in Q2 2025, and is currently $226.49 million as of their latest financial filing in Q2 2027.

GitLab had total debt of $0.00 at the end of 2026, compared with none in 2025, and none in 2020.

Over the last 6 years, GitLab's book value per share changed from 0.00 in 2020 to 5.88 in 2026, a change of 588.3%.


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Financial statements for NASDAQ:GTLB last updated on 9/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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