Companies /Technology

Gitlab Inc - Class A

NASDAQ: GTLB Software - Infrastructure
$48.77
▼ $0.33 (−0.67%) today
Markets closed · 7:04pm ET

Q2 2027 Earnings

Reported Sep 1, 2026, 4:12pm ET · SEC source
$0.24
Beat +33.63%
EPS · est. $0.18 Adjusted
$286.3M
Beat +4.72%
Revenue · est. $273.4M
11 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%0+8%+16%Sep 1Sep 2report 4:12pm ETearnings+0.5%+1.3%
−8%0+8%+16%Sep 1Sep 2earnings+0.5%+1.3%
GTLB +1.3%S&P 500 +0.5%
−8%0+8%+16%Sep 1Sep 2report 4:12pm ETearnings+0.2%+1.3%
−8%0+8%+16%Sep 1Sep 2earnings+0.2%+1.3%
GTLB +1.3%NASDAQ +0.2%
−14%−7%0+7%Aug 31Sep 9report 4:12pm ETearnings+0.1%−11.9%
−14%−7%0+7%Aug 31Sep 9earnings+0.1%−11.9%
GTLB −11.9%S&P 500 +0.1%
−14%−7%0+7%Aug 31Sep 9report 4:12pm ETearnings+1.2%−11.9%
−14%−7%0+7%Aug 31Sep 9earnings+1.2%−11.9%
GTLB −11.9%NASDAQ +1.2%
+9.98%
Day of report
−0.56%
Next session
−4.62%
One week

Did GTLB Beat Earnings? Q2 2027 Results

GitLab delivered a strong second quarter for fiscal 2027, beating Wall Street expectations on both the top and bottom lines as robust demand for its DevSecOps platform drove results well ahead of forecasts. The company reported adjusted EPS of $0.24, topping the $0.18 consensus estimate by 33.63%, extending its streak of beating consensus EPS estimates to 10 consecutive quarters. Revenue climbed 21.3% year-over-year to $286.25 million, clearing the $273.36 million consensus by 4.72%, fueled by subscription revenue growth and a 17% increase in customers with over $100,000 in ARR to 1,571. Strong platform adoption, highlighted by a Dollar-Based Net Retention Rate of 117% and 20% current RPO growth to $744.70 million, underscored durable demand, even as restructuring charges of $19.42 million weighed heavily on GAAP results. Ahead of the print, several analysts had raised price targets while holding neutral ratings, reflecting measured optimism. Looking ahead, GitLab guided Q3 revenue to $281-$283 million and full-year FY2027 revenue to $1.13 billion, with non-GAAP EPS of $0.85-$0.87.

Key Takeaways
  • Net ARR growth exceeding 40% year-over-year
  • First Order growth of more than 100% year-over-year
  • Dollar-Based Net Retention Rate of 117% with sequential acceleration
  • Customers with more than $100,000 ARR grew 17% year-over-year to 1,571
  • Total RPO grew 16% year-over-year to approximately $1.2 billion; cRPO grew 20% to $744.7 million

“Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year.”

GitLab CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY2027, GitLab expects revenue of $281-$283 million, non-GAAP operating income of $35-$37 million, and non-GAAP diluted EPS of $0.19-$0.20 on approximately 172 million weighted average shares. For full fiscal year 2027, the company expects revenue of $1,129-$1,133 million, non-GAAP operating income of $148-$152 million, and non-GAAP diluted EPS of $0.85-$0.87 on approximately 172 million weighted average shares.

GTLB YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$80.0M$160.0M$240.0M$236.0M$286.3MRevenue$207.5M$240.6MGross Profit
$0$80.0M$160.0M$240.0MRevenueGross Profit

GTLB Revenue by Segment

Subscription—self-managed and SaaS$258.3M+21.5%
Subscription — self-managed and SaaS
Subscription - Self-Managed and SaaS
License—self-managed and other$27.9M+20.1%
License - Self-Managed and Other
License — self-managed and other

Figures from SEC filings and company reports. Not investment advice.