Companies /Technology

Gitlab Inc - Class A

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

Q3 2025 Earnings

Reported Dec 5, 2024, 4:09pm ET · SEC source
$0.23
Beat +44.38%
EPS · est. $0.16
$196.0M
Beat +4.14%
Revenue · est. $188.3M
−6.3%
Trailing market
GTLB vs S&P since report
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Dec 5Dec 6report 4:09pm ETearnings+0.2%−7.9%
−8%−4%0Dec 5Dec 6earnings+0.2%−7.9%
GTLB −7.9%S&P 500 +0.2%
−8%−4%0Dec 5Dec 6report 4:09pm ETearnings+0.8%−8.2%
−8%−4%0Dec 5Dec 6earnings+0.8%−8.2%
GTLB −8.2%NASDAQ +0.8%
−14%−7%0+7%Dec 4Dec 13report 4:09pm ETearnings−0.4%−17.1%
−14%−7%0+7%Dec 4Dec 13earnings−0.4%−17.1%
GTLB −17.1%S&P 500 −0.4%
−14%−7%0+7%Dec 4Dec 13report 4:09pm ETearnings+1.6%−17.1%
−14%−7%0+7%Dec 4Dec 13earnings+1.6%−17.1%
GTLB −17.1%NASDAQ +1.6%
+1.74%
Day of report
−0.68%
Next session
−12.78%
One week
−10.79%
30 days

S&P 500 over the same 30 days: −4.49%.

Did GTLB Beat Earnings? Q3 2025 Results

GitLab posted a decisive beat across the board in its fiscal third quarter of 2025, with non-GAAP diluted EPS of $0.23 clearing the $0.16 consensus estimate by 44.38% and revenue of $196.05 million topping expectations by 4.14% on 31% year-over-year growth. The outperformance was powered by accelerating subscription demand for its AI-driven DevSecOps platform, reflected in a 31% year-over-year rise in customers spending more than $100,000 in ARR to 1,144, and a Dollar-Based Net Retention Rate of 124% signaling strong upsell momentum. Non-GAAP operating margin expanded sharply to 13%, compared to just 3% a year ago, underscoring improving operating leverage as the business scales. The quarter also brought a significant leadership change, with co-founder Sid Sijbrandij stepping down as CEO for health reasons and Bill Staples assuming the role effective December 5, 2024. Looking ahead, GitLab guided Q4 revenue to $205 million to $206 million and raised its full-year FY2025 revenue outlook to $753 million to $754 million, with non-GAAP EPS of $0.63 to $0.64.

Key Takeaways
  • 31% year-over-year revenue growth driven by platform approach to software development
  • Dollar-Based Net Retention Rate of 124%
  • Customers with more than $100,000 ARR grew 31% year-over-year to 1,144
  • Customers with more than $5,000 ARR grew 16% year-over-year to 9,519
  • Total RPO grew 48% year-over-year to $811.8 million
  • cRPO grew 39% year-over-year to $515.2 million
  • Non-GAAP operating margin expanded to 13% from 3% year-over-year

“GitLab's growth at scale is a testament to the demand for a platform approach to software development. Our end-to-end DevSecOps platform addresses our customers' need to accelerate the pace of software development to remain competitive, innovate faster, and ship software more securely.”

GitLab CEO, on the earnings call

Forward Guidance & Outlook

For Q4 FY2025, GitLab expects revenue of $205.0 million to $206.0 million, non-GAAP operating income of $28.0 million to $29.0 million, and non-GAAP diluted net income per share of $0.22 to $0.23 (assuming approximately 170 million weighted average shares outstanding). For the full fiscal year 2025, the company expects revenue of $753 million to $754 million, non-GAAP operating income of $69 million to $70 million, and non-GAAP diluted net income per share of $0.63 to $0.64 (assuming approximately 168 million weighted average shares outstanding).

GTLB YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$70.0M$140.0M$210.0M$149.7M$196.0MRevenue$134.6M$173.9MGross Profit$-22,338,672$-28,732,000Operating Income$14.1M$29.6MNet Income
$0$70.0M$140.0M$210.0MRevenueGross ProfitOperating IncomeNet Income

GTLB Revenue by Segment

Subscription—self-managed and SaaS
Subscription — self-managed and SaaS
Subscription - Self-Managed and SaaS$175.3M
License—self-managed and other
License - Self-Managed and Other$20.8M
License — self-managed and other

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