Companies /Technology

Gitlab Inc - Class A

NASDAQ: GTLB Software - Infrastructure
$44.81
â–² $3.50 (+8.47%) today
Markets closed · 4:39pm ET

Q2 2025 Earnings

Reported Sep 3, 2024, 4:09pm ET · SEC source
$0.15
Beat +50.00%
EPS · est. $0.10
$182.6M
Beat +3.22%
Revenue · est. $176.9M
−11.7%
Trailing market
GTLB vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−7%0+7%+14%Sep 3Sep 4report 4:09pm ETearnings−0.4%+11.8%
−7%0+7%+14%Sep 3Sep 4earnings−0.4%+11.8%
GTLB +11.8%S&P 500 −0.4%
−7%0+7%+14%Sep 3Sep 4report 4:09pm ETearnings−0.5%+11.8%
−7%0+7%+14%Sep 3Sep 4earnings−0.5%+11.8%
GTLB +11.8%NASDAQ −0.5%
−7%0+7%+14%Sep 3Sep 11report 4:09pm ETearnings+0.5%+10.7%
−7%0+7%+14%Sep 3Sep 11earnings+0.5%+10.7%
GTLB +10.7%S&P 500 +0.5%
−7%0+7%+14%Sep 3Sep 11report 4:09pm ETearnings+1.5%+10.7%
−7%0+7%+14%Sep 3Sep 11earnings+1.5%+10.7%
GTLB +10.7%NASDAQ +1.5%
+21.64%
Day of report
+2.76%
Next session
+1.73%
One week
−7.71%
30 days

S&P 500 over the same 30 days: +4.00%.

Did GTLB Beat Earnings? Q2 2025 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$70.0M$140.0M$139.6M$182.6MRevenue$124.9M$161.2MGross Profit$-33,031,255$-41,005,000Operating Income$5.7M$12.9MNet Income
$0$70.0M$140.0MRevenueGross ProfitOperating IncomeNet Income

GTLB Revenue by Segment

Subscription—self-managed and SaaS
Subscription — self-managed and SaaS
Subscription - Self-Managed and SaaS$163.2M
License—self-managed and other
License - Self-Managed and Other$19.4M
License — self-managed and other

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