Gitlab Inc - Class A

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.