Gitlab Inc. (GTLB) Earnings History

Gitlab Inc. - Q4 FY2026 Earnings

Filed at: Mar 3, 2026, 4:08 PM EST|Read from source

EXECUTIVE SUMMARY

GitLab reported strong revenue growth and improved non-GAAP operating margins, driven by new product introductions like the GitLab Duo Agent Platform and a new usage-based pricing model. The company also announced a significant share repurchase program, signaling confidence in its future growth and commitment to shareholder value.

POSITIVE HIGHLIGHTS

  • •

    Total revenue of $260.4 million, up 23% year-over-year in Q4 FY2026.

    positive
  • •

    Total revenue of $955.2 million, up 26% year-over-year for FY2026.

    positive
  • •

    Non-GAAP operating margin improved to 21% in Q4 FY2026 from 18% in Q4 FY2025.

    positive
  • •

    Non-GAAP operating margin improved to 17% in FY2026 from 10% in FY2025.

    positive
  • •

    Operating cash flow of $45.8 million in Q4 FY2026 and $232.9 million for FY2026.

    positive
  • •

    Non-GAAP adjusted free cash flow of $41.8 million in Q4 FY2026 and $219.6 million for FY2026.

    positive
  • •

    Customers with more than $1 million of ARR reached 155, an increase of 26% year-over-year.

    positive
  • •

    Dollar-Based Net Retention Rate was 118%.

    positive
  • •

    Total RPO grew 20% year-over-year to $1.1 billion, while cRPO grew 24% to $719.4 million.

    positive
  • •

    Board of Directors authorized an inaugural $400 million share repurchase program.

    positive

CONCERNS & RISKS

  • •

    GAAP operating margin was (2)% in Q4 FY2026, compared to (9)% in Q4 FY2025.

    attention
  • •

    GAAP operating margin was (7)% in FY2026, compared to (19)% in FY2025.

    attention
  • •

    GAAP Net income (loss) attributable to GitLab was $(2.6) million in Q4 FY2026, a decrease from $6.9 million in Q4 FY2025.

    negative
  • •

    GAAP Net loss attributable to GitLab was $(56.0) million in FY2026, compared to $(6.3) million in FY2025.

    negative
  • •

    GAAP Net loss per share attributable to GitLab was $(0.34) for FY2026, compared to $(0.04) for FY2025.

    negative
  • •

    GAAP net cash provided by operating activities decreased to $45.8 million in Q4 FY2026 from $63.2 million in Q4 FY2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$260.40B
N/A
Net Income
Quarterly
$-2.60M
-137.7%
Prior year: $6.89M
Annual (YTD)
$-55.96M
N/A
Prior year: $-6.33M
EPS (Diluted)
Quarterly
$-0.02
-150.0%
Prior year: $0.04
Operating Income
Quarterly
$-5.16M
+73.3%
Prior year: $-19.34M
Annual (YTD)
$-70.48M
N/A
Prior year: $-142.72M
EPS (Basic)
Quarterly
$-0.02
-150.0%
Prior year: $0.04

MARGIN ANALYSIS

Gross Margin
Current Quarter
87.0%
Prior Year
89.0%
YoY Change
-200 bps
Operating Margin
Current Quarter
-2.0%
Prior Year
-9.0%
YoY Change
+700 bps
Net Margin
Current Quarter
-1.0%
Prior Year
3.3%
YoY Change
-425 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY2027

revenue
$1099000.0B—$1118000.0B
Mid-point: $1108500.0B
non-GAAP operating income
129,000,000—137,000,000
Mid-point: 133,000,000
non-GAAP diluted net income per share
$0.76—$0.80
Mid-point: $0.78

Q1 FY2027

revenue
$253000.0B—$255000.0B
Mid-point: $254000.0B
non-GAAP operating income
32,000,000—34,000,000
Mid-point: 33,000,000
non-GAAP diluted net income per share
$0.20—$0.21
Mid-point: $0.21

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

SPECIAL ITEMS & ADJUSTMENTS

Q4 FY2026
Restructuring charges
Included in both GAAP operating loss and non-GAAP adjustments.
+$1.646M
FY2026
Restructuring charges
Included in both GAAP operating loss and non-GAAP adjustments.
+$1.646M
FY2026
Income tax adjustment related to BAPA negotiations
Primarily one-time charges associated with BAPA negotiations.
+$10.499M
Total Impact
+$13.791M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

GitLab sits at the heart of how enterprises build and deliver software.

— Gitlab Inc., Q4 FY2026 2026 Earnings Call

The launch of the GitLab Duo Agent Platform brings intelligent orchestration to the full software lifecycle, with all of the context needed to unlock step-function gains across every task in software engineering.

— Gitlab Inc., Q4 FY2026 2026 Earnings Call

Fiscal year 2026 saw GitLab cross $1 billion in ARR and deliver $220 million of free cash flow.

— Gitlab Inc., Q4 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

ARR
1000.0M
ARR
Customers >$100k ARR
1.5K
+18.0% YoY
customers
Customers >$1M ARR
155
+26.0% YoY
customers
Customers >$5k ARR
10.7K
+8.0% YoY
customers
Dollar-Based Net Retention Rate
118
%
Total RPO
1100.0M
+20.0% YoY
$
CRPO
719.4M
+24.0% YoY
$

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.