Companies /Technology

Gitlab Inc - Class A

NASDAQ: GTLB Software - Infrastructure
$43.71
â–² $2.40 (+5.80%) today
Markets open · 12:43pm ET

Q1 2027 Earnings

Reported Jun 2, 2026, 4:17pm ET · SEC source
$0.23
Beat +12.30%
EPS · est. $0.20
$264.2M
Beat +3.79%
Revenue · est. $254.5M
+6.2%
Beating market
GTLB vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−15%−10%−5%0Jun 2Jun 3report 4:17pm ETearnings−1.3%−13.1%
−15%−10%−5%0Jun 2Jun 3earnings−1.3%−13.1%
GTLB −13.1%S&P 500 −1.3%
−15%−10%−5%0Jun 2Jun 3report 4:17pm ETearnings−1.2%−13.1%
−15%−10%−5%0Jun 2Jun 3earnings−1.2%−13.1%
GTLB −13.1%NASDAQ −1.2%
−6%0+6%+12%Jun 1Jun 10report 4:17pm ETearnings−4.7%−6.8%
−6%0+6%+12%Jun 1Jun 10earnings−4.7%−6.8%
GTLB −6.8%S&P 500 −4.7%
−6%0+6%+12%Jun 1Jun 10report 4:17pm ETearnings−7.4%−6.8%
−6%0+6%+12%Jun 1Jun 10earnings−7.4%−6.8%
GTLB −6.8%NASDAQ −7.4%
−2.80%
Day of report
−0.29%
Next session
−7.82%
One week
+5.37%
30 days

S&P 500 over the same 30 days: −0.87%.

Did GTLB Beat Earnings? Q1 2027 Results

GitLab delivered a strong first quarter for fiscal 2027, posting revenue of $264.16 million, up 23.1% year over year and ahead of the $254.52 million consensus estimate, while non-GAAP diluted EPS of $0.23 topped the $0.20 Wall Street expectation by 12.30%, extending the company's streak to nine consecutive quarters of beating EPS estimates. The results were underpinned by expanding profitability, with non-GAAP operating income climbing to $37.53 million from $26.12 million a year ago, and operating cash flow surging to $149.20 million. <a href="https://247wallst.com/investing/2026/06/02/live-will-gitlab-crush-q1-earnings-tonight-and-continue-its-40-rally/">Investor optimism heading into the print</a> was validated by healthy customer momentum, with the base of accounts above $100,000 in ARR growing 18% to 1,519 and a dollar-based net retention rate of 117%. The quarter was not without complexity, however; GitLab announced a restructuring that will cut roughly 14% of its workforce and exit 22 countries, incurring $30 to $35 million in charges. Looking ahead, the company guided for Q2 revenue of $272 to $274 million and full-year revenue of $1.11 to $1.12 billion.

Key Takeaways
  • 23% year-over-year revenue growth
  • Customers with more than $100,000 of ARR grew 18% to 1,519
  • Dollar-Based Net Retention Rate of 117%
  • Total RPO grew 18% to $1.1 billion; cRPO grew 24% to $724.1 million
  • Non-GAAP operating margin expanded 2 percentage points to 14%
  • Operating cash flow increased to $149.2 million from $106.3 million year-over-year

“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.”

GitLab CEO, on the earnings call

Forward Guidance & Outlook

For Q2 FY2027, GitLab expects revenue of $272–$274 million, non-GAAP operating income of $30–$32 million, and non-GAAP diluted EPS of $0.17–$0.18 (assuming approximately 168 million weighted average shares). For full fiscal year 2027, the company expects revenue of $1,112–$1,118 million, non-GAAP operating income of $135–$141 million, and non-GAAP diluted EPS of $0.79–$0.82 (assuming approximately 166 million weighted average shares). The company also announced a restructuring plan reducing its workforce by approximately 14% (350 team members) and exiting 22 countries, with estimated pre-tax restructuring charges of $30–$35 million, of which approximately $19 million is expected in Q2 FY2027.

GTLB YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$80.0M$160.0M$240.0M$214.5M$264.2MRevenue$189.5M$226.7MGross Profit$-10,193,528$-15,749,000Operating Income$-2,671,108$-4,972,000Net Income
$0$80.0M$160.0M$240.0MRevenueGross ProfitOperating IncomeNet Income

GTLB Revenue by Segment

Subscription—self-managed and SaaS$239.3M
Subscription — self-managed and SaaS
Subscription - Self-Managed and SaaS
License—self-managed and other$24.9M
License - Self-Managed and Other
License — self-managed and other

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