GTLB

It has been about a month since the last earnings report for GitLab Inc. (GTLB). Shares have added about 1.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Gitlab due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. GitLab delivered first-quarter fiscal 2027 non-GAAP earnings of 23 cents per share, which beat the Zacks Consensus Estimate of 20 cents by 15%.Total revenues were $264.2 million, topping the consensus mark of $254 million by 4.04%. The top line increased 23% year over year, supported by solid demand for GitLab’s DevSecOps platform. Subscriptions, self-managed and SaaS revenues (90.6% of total revenues) increased 18% year over year to $239.3 million, beating the Zacks Consensus Estimate by 3.16%. License, self-managed and other revenues (9.4% of total revenues) rose 25% year over year to $24.9 million. GitLab’s revenue growth was supported by continued strength in enterprise adoption and customer expansion metrics. Customers with more than $5,000 of ARR increased to 10,831 (up 7% year over year), while customers with more than $100,000 of ARR rose to 1,519 (up 18%). Dollar-Based Net Retention Rate was 117%. Contracted demand also improved. Total RPO grew 18% year over year to $1.1 billion, while current RPO increased 24% year over year to $724.1 million. On a non-GAAP basis, research & development expenses increased 13.1% year over year to $57.9 million. Sales and marketing expenses were up 19.2% year over year to $101.9 million. General and administrative expenses increased 11.7% year over year to $34.3 million in the reported quarter.Profitability improved year over year. GitLab reported non-GAAP operating income of $37.5 million compared with $26.1 million a year ago. The non-GAAP operating margin expanded to14.2% from 12.2%. Non-GAAP gross margin was 87.7% in the first quarter of fiscal 2027. As of April 30, 2026, cash and cash equivalents and short-term investments were $1.36 billion compared with $1.25 billion as of Jan. 31, 2026.In the reported quarter, the company generated cash flow from operations of $149.2 million compared with $45.7 million in the previous quarter.A...

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the software development industry, including GitLab (NASDAQ:GTLB) and its peers. As legendary VC investor Marc Andreessen says, "Software is eating the world", and it touches virtually every industry. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. The 12 software development stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 2.9% while next quarter’s revenue guidance was 1.4% above. Luckily, software development stocks have performed well with share prices up 18.5% on average since the latest earnings results. With its all-remote workforce pioneering a new approach to software development, GitLab (NASDAQ:GTLB) provides a single-application DevSecOps platform that helps development, operations, and security teams collaborate to build, secure, and deploy software faster. GitLab reported revenues of $264.2 million, up 23.1% year on year. This print exceeded analysts’ expectations by 3.9%. Despite the top-line beat, it was still a slower quarter for the company with EPS guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ billings estimates. “The agentic era is creating structural tailwinds for GitLab, and Q1 showed it clearly with accelerating platform activity and promising traction from GitLab Duo Agent Platform,” said Bill Staples, GitLab chief executive officer. The market seems disappointed with the results as the stock is down 16.7% since reporting and currently trades at $26.50. Is now the time to buy GitLab? Access our full analysis of the earnings results here, it’s free. Named after a database the founders had to painstakingly look after at their previous company, Datadog (NASDAQ:DDOG) provides a software platform that helps organizations monitor and secure their cloud applications, infrastructure, and services. Datadog reported revenues of $1.01 billion, up 32.2% year on year, outperforming analysts’ expectations by 4.9%. The business had an exceptional quarter with an impressive beat of analysts’ annual recurring revenue estimates and a solid beat of analysts’ billings...

GitLab’s first quarter was marked by strong revenue growth and non-GAAP profitability that exceeded Wall Street expectations, yet the market reacted negatively. Management attributed the mixed sentiment to ongoing headwinds in the price-sensitive customer segment and higher-than-expected seat contraction, primarily due to customer layoffs and merger-related churn. CEO Bill Staples noted that these factors, along with macroeconomic uncertainty, tempered an otherwise solid enterprise performance and robust adoption of new AI-driven offerings. Is now the time to buy GTLB? Find out in our full research report (it’s free). Revenue: $264.2 million vs analyst estimates of $254.2 million (23.1% year-on-year growth, 3.9% beat) Adjusted EPS: $0.23 vs analyst estimates of $0.20 (12.3% beat) Adjusted Operating Income: $37.53 million vs analyst estimates of $33.13 million (14.2% margin, 13.3% beat) The company slightly lifted its revenue guidance for the full year to $1.12 billion at the midpoint from $1.11 billion Management raised its full-year Adjusted EPS guidance to $0.80 at the midpoint, a 3.2% increase Operating Margin: -6%, up from -16.1% in the same quarter last year Net Revenue Retention Rate: 117%, down from 118% in the previous quarter Annual Recurring Revenue: $1.00 billion (21.7% year-on-year growth, beat) Billings: $249 million at quarter end, up 12.1% year on year Market Capitalization: $5.25 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matthew Hedberg (RBC): Asked about competitive positioning and win rates versus GitHub. CEO Bill Staples noted an uptick in enterprise adoption and highlighted reliability and cloud-neutral architecture as differentiators, but cautioned that infrastructure decisions remain slow-moving at scale. Oscar Saavedra (Morgan Stanley): Inquired about increased conservatism in forward guidance amid macro uncertainty and restructuring. CFO Jessica Ross explained that guidance reflects risk from customer churn, layoffs, and potential execution disruption. Radi Sultan (UBS): Queried monetization of nontechnical user cohorts. Staples responded that seat-based pricing is extended to ne...

GitLab GTLB delivered first-quarter fiscal 2027 non-GAAP earnings of 23 cents per share, which beat the Zacks Consensus Estimate of 20 cents by 15%. Total revenues were $264.2 million, topping the consensus mark of $254 million by 4.04%. The top line increased 23% year over year, supported by solid demand for GitLab’s DevSecOps platform. However, GitLab shares declined 3.52% in pre-market trading. Subscriptions, self-managed and SaaS revenues (90.6% of total revenues) increased 18% year over year to $239.3 million, beating the Zacks Consensus Estimate by 3.16%. License, self-managed and other revenues (9.4% of total revenues) rose 25% year over year to $24.9 million. GitLab Inc. price-consensus-eps-surprise-chart | GitLab Inc. Quote GitLab’s revenue growth was supported by continued strength in enterprise adoption and customer expansion metrics. Customers with more than $5,000 of ARR increased to 10,831 (up 7% year over year), while customers with more than $100,000 of ARR rose to 1,519 (up 18%). Dollar-Based Net Retention Rate was 117%. Contracted demand also improved. Total RPO grew 18% year over year to $1.1 billion, while current RPO increased 24% year over year to $724.1 million. On a non-GAAP basis, research & development expenses increased 13.1% year over year to $57.9 million. Sales and marketing expenses were up 19.2% year over year to $101.9 million. General and administrative expenses increased 11.7% year over year to $34.3 million in the reported quarter.Profitability improved year over year. GitLab reported non-GAAP operating income of $37.5 million compared with $26.1 million a year ago. The non-GAAP operating margin expanded to14.2% from 12.2%. Non-GAAP gross margin was 87.7% in the first quarter of fiscal 2027. As of April 30, 2026, cash and cash equivalents and short-term investments were $1.36 billion compared with $1.25 billion as of Jan. 31, 2026.In the reported quarter, the company generated cash flow from operations of $149.2 million compared with $45.7 million in the previous quarter.Adjusted free cash flow was $146.7 million as of April 30, 2026, compared with $41.7 million as of Jan. 31, 2026. For the second quarter of fiscal 2027, GitLab expects revenues between $272 million and $274 million.Non-GAAP operating income is expected to be in the range of $30-$32 million for the fiscal second quarter.Non-GAAP earnings for the fiscal seco...

GitLab (NASDAQ:GTLB) reported first quarter financial results that exceeded Wall Street expectations for revenue and earnings, but shares fell about 4% after the company announced a restructuring plan that includes workforce reductions and a smaller geographic footprint. Alongside its earnings release, GitLab disclosed a restructuring initiative aimed at aligning its operating structure with strategic priorities. The company plans to reduce its full-time workforce by approximately 14%, affecting about 350 employees, and exit 22 countries, reducing its geographic team footprint by roughly 37%. GitLab expects to incur between $30 million and $35 million in pre-tax restructuring charges, primarily related to severance, employee termination benefits, and retention costs. About $19 million of those charges are expected to be recognized in the second quarter of fiscal 2027, with most of the remaining costs recorded over the following three quarters. The company expects the plan to be substantially completed by the end of fiscal 2027. For the quarter ended April 30, 2026, GitLab reported revenue of $264.2 million, up 23% from $214.5 million a year earlier and ahead of analysts' consensus estimate of $254.2 million. Adjusted earnings were $0.23 per diluted share, topping expectations of $0.20 per share. Among other operating metrics, customers generating more than $100,000 in annual recurring revenue (ARR) increased 18% year-over-year to 1,519, while customers with more than $5,000 in ARR rose 7% to 10,831. The company's dollar-based net retention rate was 117%. GitLab reported total remaining performance obligations (RPO) of $1.1 billion, up 18% from a year earlier, while current RPO increased 24% to $724.1 million. GitLab CEO Bill Staples said the company is benefiting from growing demand driven by artificial intelligence and automation. "The agentic era is creating structural tailwinds for GitLab, and Q1 showed it clearly with accelerating platform activity and promising traction from GitLab Duo Agent Platform," Staples said in a statement.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. GitLab (GTLB) drew fresh attention after reporting first quarter results that topped revenue and earnings expectations, while also announcing a sizable restructuring that will cut about 14% of its global workforce. See our latest analysis for GitLab. After initially jumping on the earnings beat and restructuring news, GitLab’s 1-day share price return fell 5.83% to US$31.82. Its 7-day and 30-day share price returns of 18.86% and 32.31% suggest short term momentum, which contrasts with a 1-year total shareholder return that declined 31.82%. If this kind of AI driven software story interests you, it could be worth widening your search using our screener of 48 AI infrastructure stocks With GitLab guiding to more than US$1.11b in annual revenue, reporting a much smaller quarterly loss, and trading well below some intrinsic value estimates, the question is simple: is there mispricing here, or is future growth already in the stock? GitLab’s most followed valuation narrative points to a fair value of about $30.30 per share, slightly below the last close at $31.82, setting up a tight valuation gap for investors to assess. Read the complete narrative. Curious what kind of revenue growth, margin uplift, and future earnings multiple are being used to justify that fair value? The narrative leans on a detailed set of long range assumptions about recurring revenue, profitability, and what investors might be willing to pay for those earnings. Result: Fair Value of $30.30 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that story can unravel if competition from larger platforms bites harder than expected, or if GitLab’s customer growth and AI monetization efforts stumble. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. The narrative built around analyst targets suggests GitLab is only about 5% overvalued at US$31.82 versus fair value of roughly US$30.30. Yet our DCF model tells a very different story, pointing to...

Image source: The Motley Fool. Tuesday, June 2, 2026 at 4:30 p.m. ET Chief Executive Officer — William Staples Chief Financial Officer — Jessica Ross William Staples: I'm pleased to report Q1 results. Revenue of $264 million, growth of 23%, operating profit of $38 million and a 14% non-GAAP operating margin and 1,519 customers paying us more than $100,000 a year, up 18% year-over-year. Dollar-based net retention was 117%. These results helped crystallize what has become increasingly clear. The opportunity ahead is massive and speed matters. We announced GitLab's Act 2 a few weeks ago. Jessica will get into the details of the financial aspect of the restructuring shortly. I'll spend my time highlighting the signal we're getting on the opportunity and the strategic bets we're making to unlock GitLab's advantages against this structural tailwind. Our core enterprise DevSecOps business remains strong. Gross bookings growth rate hit its highest level in 4 quarters. GitLab Dedicated crossed another milestone of $70 million in ARR. Ultimate now represents 57% of ARR and 7 of our top 10 deals. DAP contributed more net new ARR in its first quarter, than Duo Pro and Duo Enterprise combined in any prior quarter and it was attached to 4 of our top 10 deals. Over the course of FY '27, we intend to transition Duo Pro and Duo Enterprise subscriptions into DAP, consolidating our AI portfolio into a single agentic platform and onto the consumption business model. Platform activity is also surging. Code pushes across our paid SaaS customer base are up 49% year-over-year. CI pipeline growth accelerated from the mid-20s in late FY '26 to 38% in April. One of our most advanced agentic customers grew the volume of Code in their repositories by 2.5x in just 6 months and it's still accelerating. The agentic era is creating structural tailwinds for DevSecOps platforms, and GitLab is on the critical path to scaling agentic engineering in the enterprise. Let's talk about the 5 growth initiatives I introduced last call. First, accelerating first order growth. We delivered 30% higher new logo growth versus the same period last year. The dedicated first order team is ramping ahead of schedule and a strong resurgence in product-led growth produced our highest absolute first order count in 10 quarters. The reason this matters is simple. The changes we've made this past year are enabling Gi...

GitLab said that the cuts are designed to simplify its structure, reduce costs, and focus more sharply on its highest-priority initiatives, including AI-powered tools. GitLab delivered a solid first quarter, with revenue beating Wall Street expectations and earnings rising year-over-year. CFO Jessica Ross called the quarter “strong” and noted the company now has the financial flexibility to invest in its biggest opportunities while continuing its share-buyback program. GitLab Inc. (GTLB) shares gained more than 4% in after-hours trading on Tuesday before reversing trajectory to trade 8% lower after the company announced a major restructuring plan that will cut around 350 jobs, or roughly 14% of its global workforce. The move comes as part of a broader shift across the tech sector, where companies are increasingly reallocating resources toward artificial intelligence initiatives. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The San Francisco-based SaaS (Software-as-a-Service) provider said the cuts are designed to simplify its structure, reduce costs, and focus more sharply on its highest-priority initiatives, including AI-powered tools. The company will also shrink its geographic footprint by about 37%, impacting operations in 22 countries. It expects to record one-time restructuring charges of $30 million to $35 million, mostly for severance and related costs, with the bulk hitting the current quarter and the rest spread over the next three quarters. The changes should be largely complete by the end of fiscal 2027, GitLab said. Despite the headline-grabbing layoffs, GitLab delivered a solid first quarter. Revenue for the three months ended April 30 rose 23% to $264.2 million, easily beating the roughly $254.52 million Wall Street had expected. The company posted an adjusted operating margin of 14%, up two points from a year earlier, and adjusted and diluted net income of $0.23 per share, compared to $0.17 in the corresponding quarter of the previous fiscal year. Looking ahead, GitLab offered guidance that was slightly below some analyst forecasts. For the current quarter, it expects revenue of $272 million to $274 million and adjusted net income per share of $0.17 to $0.18. For the full fiscal year, it forecast revenue of $1.112 billion to $1.118 billion and adjusted earnin...

GitLab (GTLB) reported Tuesday Q1 adjusted earnings of $0.23 per diluted share, up from $0.17 a year

For the quarter ended April 2026, GitLab Inc. (GTLB) reported revenue of $264.16 million, up 23.1% over the same period last year. EPS came in at $0.23, compared to $0.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $253.9 million, representing a surprise of +4.04%. The company delivered an EPS surprise of +12.58%, with the consensus EPS estimate being $0.20. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Gitlab performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- License-self-managed and other: $24.85 million versus the seven-analyst average estimate of $21.81 million. The reported number represents a year-over-year change of +24.1%. Revenue- Subscription-self-managed and SaaS: $239.31 million compared to the $231.98 million average estimate based on seven analysts. The reported number represents a change of +23.1% year over year. Revenue- SaaS: $88.22 million versus the two-analyst average estimate of $83.54 million. The reported number represents a year-over-year change of +37.5%. Revenue- License-self-managed: $18.19 million versus the two-analyst average estimate of $14.65 million. The reported number represents a year-over-year change of +21%. Revenue- Subscription-self-managed: $151.08 million versus $149.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change. Revenue- Professional services and other: $6.66 million versus the two-analyst average estimate of $5.51 million. The reported number represents a year-over-year change of +33.2%. View all Key Company Metrics for Gitlab here>>> Shares of Gitlab have returned +37.4% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market i...

(Updates to add job cuts in paragraph 5 and 6) GitLab (GTLB) reported Tuesday Q1 adjusted earning

Interested in GitLab Inc.? Here are five stocks we like better. GitLab delivered a strong Q1 with revenue of $264 million, up 23% year over year, and raised full-year fiscal 2027 guidance. The company also posted non-GAAP operating income of $38 million and ended the quarter with $1.36 billion in cash and investments. Enterprise demand remained the main growth driver, with 1,519 customers generating more than $100,000 in ARR, up 18% from a year ago, and GitLab Dedicated topping $70 million in ARR. However, management said smaller, price-sensitive accounts are still under pressure from layoffs and M&A-related contraction. GitLab is betting heavily on AI and restructuring, as Duo Agent Platform showed early traction and the company outlined an “Act Two” plan to cut about 14% of staff and shrink its geographic footprint. Management said most savings will be reinvested into AI, R&D, and platform priorities, including new architectural bets and a consumption-based model. GitLab Sell-Off Overdone: AI and Cash Flow Signal a Rebound GitLab (NASDAQ:GTLB) reported first-quarter fiscal 2027 revenue of $264 million, up 23% year over year, as executives pointed to enterprise demand, growth in dedicated deployments and early traction for its agentic AI products. Chief Executive Bill Staples said the quarter reinforced management’s view that GitLab is positioned to benefit from what it calls the “agentic era” of software development. The company reported non-GAAP operating income of $38 million, representing a 14% non-GAAP operating margin, and dollar-based net retention of 117%. → Best Buy’s AI Laptop Boost Sparks Hope for a BBY Turnaround Strong Quarter, Weak Reaction: Why GitLab Shares Dropped “Our core enterprise DevSecOps business remains strong,” Staples said, citing the company’s highest gross bookings growth rate in four quarters. GitLab ended the quarter with 1,519 customers generating more than $100,000 in annual recurring revenue, up 18% from a year earlier. Chief Financial Officer Jessica Ross said those larger customers now account for just over 75% of ARR. Ross said performance was strong across geographies, with public sector results ahead of expectations. GitLab Dedicated, the company’s single-tenant offering for customers with security and compliance requirements, surpassed $70 million in ARR. → 3 Up-and-Coming Stocks That Could Be the Next NVIDIA Buy the...