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ME NEWS
11 Jun 2025, 11:45
GitLab Posts Strong Q1 FY2026 Results with 27% Revenue Growth and Record Free Cash Flow
GitLab Inc. (NASDAQ: GTLB) reported robust financial results for the first quarter of fiscal year 2026, showcasing accelerated growth driven by its AI-native DevSecOps platform. The company posted total revenue of $214.5 million, a 27% increase year-over-year, alongside significant improvements in operating margins and cash flow.
GitLab’s GAAP operating margin improved to -16%, compared to -32% in the same quarter last year. On a non-GAAP basis, the company reported a positive operating margin of 12%. Operating cash flow reached $106.3 million, and non-GAAP adjusted free cash flow hit a record $104.1 million—up from $37.4 million in Q1 FY2025.
CEO Bill Staples emphasized GitLab’s leadership in embedding AI across software development, noting, “As AI transforms development practices, our unified platform enables organizations to integrate these capabilities with scalability and security.” CFO Brian Robins highlighted the momentum across the business, with strong contributions from the GitLab 18 release.
Key Performance Metrics:
Net loss (GAAP): $35.9 million vs. $55.2 million in Q1 FY2025
Non-GAAP net income: $29.4 million vs. $4.5 million
Net loss per share (GAAP): $(0.22); Non-GAAP EPS (diluted): $0.17
Customers with >$100K ARR: 1,288 (+26% YoY)
Dollar-based net retention rate: 122%
Total RPO: $955.1 million (+40% YoY)
Business Highlights:
Launched GitLab 18 with enhanced AI capabilities and security features.
Partnered with Amazon Q, integrating AWS autonomous agents into GitLab Duo.
Achieved FedRAMP Authority to Operate for GitLab Dedicated for Government.
Named a Leader in the Forrester Wave™: DevOps Platforms, Q2 2025.
Recognized as Google Cloud’s DevOps Partner of the Year for the fifth straight year.
Outlook:
GitLab Inc. (NASDAQ: GTLB) reported robust financial results for the first quarter of fiscal year 2026, showcasing accelerated growth driven by its AI-native DevSecOps platform. The company posted total revenue of $214.5 million, a 27% increase year-over-year, alongside significant improvements in operating margins and cash flow.
GitLab’s GAAP operating margin improved to -16%, compared to -32% in the same quarter last year. On a non-GAAP basis, the company reported a positive operating margin of 12%. Operating cash flow reached $106.3 million, and non-GAAP adjusted free cash flow hit a record $104.1 million—up from $37.4 million in Q1 FY2025.
CEO Bill Staples emphasized GitLab’s leadership in embedding AI across software development, noting, “As AI transforms development practices, our unified platform enables organizations to integrate these capabilities with scalability and security.” CFO Brian Robins highlighted the momentum across the business, with strong contributions from the GitLab 18 release.
Key Performance Metrics:
Net loss (GAAP): $35.9 million vs. $55.2 million in Q1 FY2025
Non-GAAP net income: $29.4 million vs. $4.5 million
Net loss per share (GAAP): $(0.22); Non-GAAP EPS (diluted): $0.17
Customers with >$100K ARR: 1,288 (+26% YoY)
Dollar-based net retention rate: 122%
Total RPO: $955.1 million (+40% YoY)
Business Highlights:
Launched GitLab 18 with enhanced AI capabilities and security features.
Partnered with Amazon Q, integrating AWS autonomous agents into GitLab Duo.
Achieved FedRAMP Authority to Operate for GitLab Dedicated for Government.
Named a Leader in the Forrester Wave™: DevOps Platforms, Q2 2025.
Recognized as Google Cloud’s DevOps Partner of the Year for the fifth straight year.
Outlook: