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GTLB

Gitlab Inc.

Technology • CIK: 0001653482

Market Cap

$7.17B

P/E (TTM)

-730.2x

Rev Growth (TTM)

—

Net Margin (TTM)

-1.1%

FCF Yield (TTM)

—

FCF Margin (TTM)

4.2%

LATEST EARNINGS

•

Q3 FY2026

•

3 months ago

•View source

Revenue

$244.35M

+24.6%

Net Income

$-8.28M

-128.4%

EPS

$-0.05

-129.4%

Gross

87.0%↓ -2.0%

Operating

-5.0%↑ +10.0%

Net

-3.4%↓ -18.2%

•Total revenue increased 25% year-over-year to $244.4 million.
•Non-GAAP operating margin improved to 18% from 13% in the prior year.
•Operating cash flow was $31.4 million, a significant improvement from negative $177.0 million in the prior year.
•Non-GAAP adjusted free cash flow was $27.2 million, up from $9.7 million in the prior year.

View Full Earnings →

Cash Flow Health

Free Cash Flow6/8 positive

TTM$36M

Q2 '26

$46M-56%

Q1 '26

$105M+70%

FCF Margin

TTM4.2%

Q2 '2619.7%-60%

Sector: 14.5%Below Avg

OCF Margin–

OCF/NI-4.31x

CapEx Coverage6.9x

FCF Yield–

FCF Growth (2Y)–

Cash Conversion Cycle

–

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Total Shareholder Yield

TTM0.0%

Div Yield0.0%

Insufficient data

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$35.8M

Est. Dividends Paid (TTM)$0

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

-3.5%

P25MedianP75

25th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

-2.1%

Asset Turnover

0.62x

Leverage (1+D/E)

1.00x

D/E: 0.00x

DuPont: -1.3% ≈ -3.5% ROIC

Asset & CapEx Efficiency

Invested Cap Turn

1.67x

8Q:–

CapEx Intensity

1.2%

8Q:–

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024
Revenue	$857.9M	$236.0M↑10.0%	$214.5M↑1.5%	$211.4M↑7.8%	$196.0M↑7.4%	$182.6M↑7.9%	$169.2M↑3.3%	$163.8M↑9.4%	$149.7M
Operating Income	$-101.0M	$-18.4M↑47.0%	$-34.6M↓79.0%	$-19.3M↑32.7%	$-28.7M↑29.9%	$-41.0M↑23.6%	$-53.6M↓53.8%	$-34.9M↑13.4%	$-40.3M
Net Income	$-9.7M	$-9.2M↑74.3%	$-35.9M↓657.9%	$6.4M↓78.3%	$29.6M↑129.0%	$12.9M↑123.4%	$-55.2M↓45.5%	$-38.0M↑86.7%	$-285.2M
Operating Cash Flow	$41.9M	$49.4M↓53.6%	$106.3M↑68.1%	$63.2M↑135.7%	$-177.0M↓1613.4%	$11.7M↓69.3%	$38.1M↑53.5%	$24.9M↑516.9%	$-6.0M
Free Cash Flow	$35.8M	$46.5M↓55.9%	$105.4M↑69.8%	$62.1M↑134.9%	$-178.1M↓1741.9%	$10.8M↓71.0%	$37.4M↑52.7%	$24.5M↑466.2%	$-6.7M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

-730.2x

Valuation Lenses

Earnings

-730.2x

vs – sector

Cash Flow

-7.0x

EV/FCF vs –

Growth-Adj

–PEG

N/A

Quality-Adj

–P/E per %ROIC

ROIC: -3.5%

Shareholder Returns

Dividend

–

Buyback

–

Total Yield

–

Market Cap$7.17B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

-7/100

Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg

-1.3%

8Q:–

Return on Invested Capital (ROIC)Below Avg

-3.5%

8Q:–

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -2.1%

Asset Turnover: 0.62x

Earnings Quality

Cash Conversion

-4.31x

OCF / Net Income

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin88.5%

Capital Efficiency

Invested Capital Turnover1.67x

Working Capital

Cash Conversion Cycle–

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY

N/A

OpInc Growth YoY

55.2%

EPS Growth YoY

N/A

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Moderate

Profitability Cascade

Gross

88.5%

Operating

-11.8%

Below Avg in sector

Net

-1.1%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+5.3 pts

FCF: 4.2% | Net: -1.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $261.37M

Interest Coverage

–

+Net cash position: $261.37M

Leverage Metrics

Debt-to-Equity

0.00x

Balance sheet risk & solvency analysis