GitLab (GTLB) Q2 2025 Earnings
Did GTLB Beat Earnings? Q2 2025 Results
Yes. GitLab reported Q2 2025 earnings of $0.15 a share on Sep 3, 2024, beating the $0.10 consensus estimate by 50.0%. Revenue was $182.6M against a $176.9M estimate.
GitLab delivered a standout second quarter for fiscal 2025, posting non-GAAP diluted EPS of $0.15 against a consensus estimate of $0.10, a 50% beat, while revenue climbed 30.8% year-over-year to $182.58 million, topping the $176.89 million Wall Street had expected. The result was driven by broad operating leverage, with non-GAAP operating margin expanding sharply to 10% from negative 3% a year ago, as sales, R&D, and G&A expenses all grew more slowly than revenue. Customer momentum reinforced the top-line strength; clients spending more than $100,000 in ARR grew 33% year-over-year to 1,076, and a Dollar-Based Net Retention Rate of 126% underscored healthy expansion within the existing base. The quarter also drew attention beyond the numbers, with shares jumping after the report as investors welcomed the raised full-year outlook. Management now guides fiscal 2025 revenue of $742 million to $744 million with non-GAAP EPS of $0.45 to $0.47, while Q3 revenue is expected in the $187 million to $188 million range.
- 31% year-over-year revenue growth driven by platform adoption and AI solutions
- Dollar-Based Net Retention Rate of 126%
- Customers with more than $100,000 ARR grew 33% year-over-year to 1,076
- Total RPO grew 51% year-over-year to $747.9 million; cRPO grew 42% to $475.0 million
- Significant year-over-year GAAP and non-GAAP operating margin expansion
“Organizations need to deliver software faster to accelerate performance and respond to intense competition. Our results show the combination of our end-to-end platform and AI solutions are driving results for our customers by aligning to business goals, providing measurable benefits, and improving security.”
GitLab CEO, on the earnings call
What Was GitLab's Outlook in Q2 2025?
For Q3 FY2025, GitLab expects revenue of $187.0–$188.0 million, non-GAAP operating income of $19.0–$20.0 million, and non-GAAP diluted net income per share of $0.15–$0.16 (assuming approximately 168 million weighted average shares outstanding). For full fiscal year 2025, the company expects revenue of $742.0–$744.0 million, non-GAAP operating income of $55.0–$58.0 million, and non-GAAP diluted net income per share of $0.45–$0.47 (assuming approximately 168 million weighted average shares outstanding).
GTLB YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $182.6M | $139.6M | +30.8% |
| Gross Profit | $161.2M | $124.9M | +29.1% |
| Operating Income | −$41.0M | −$33.0M | +24.1% |
| Net Income | $12.9M | $5.7M | +125.9% |
GTLB Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.