Q1 27 EPS
$0.23
BEAT +12.30%
Est. $0.20
Q1 27 Revenue
$264.2M
BEAT +3.79%
Est. $254.5M
vs S&P Since Q1 27
+0.6%
BEATING MARKET
GTLB +0.3% vs S&P -0.3%
Market Reaction
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 … Read more 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. Investor optimism heading into the print 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
GTLB 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, source: SEC Filings
GTLB Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Bill Staples, Q1 2027 Earnings Press Release
GTLB Earnings Trends
GTLB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GTLB EPS Trend
Earnings per share: estimate vs actual
GTLB Revenue Trend
Quarterly revenue: estimate vs actual
GTLB Quarterly Results
10 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.20 | $0.23 | +12.30% | $264.2M | +3.79% |
| Q4 26 BEAT FY | $0.23 | $0.30 | +29.98% | $260.4M | +3.24% |
| FY Full Year | $0.89 | $0.96 | +7.29% | $955.2M | +0.86% |
| Q3 26 BEAT | $0.20 | $0.25 | +24.01% | $244.4M | +2.11% |
| Q2 26 BEAT | $0.16 | $0.24 | +46.25% | $236.0M | +3.86% |
| Q1 26 BEAT | $0.15 | $0.17 | +11.77% | $214.5M | +0.61% |
| Q4 25 BEAT FY | $0.23 | $0.33 | +44.67% | $211.4M | +2.40% |
| FY Full Year | — | $0.74 | — | $759.2M | — |
| Q3 25 BEAT | $0.16 | $0.23 | +44.38% | $196.0M | +4.14% |
| Q2 25 BEAT | $0.10 | $0.15 | +50.00% | $182.6M | +3.22% |
| Q3 24 BEAT | $-0.01 | $0.09 | +1,000.00% | $149.7M | +5.78% |
| Q3 23 BEAT | $-0.15 | $-0.10 | +33.33% | $113.0M | +6.54% |