Q1 26 EPS
$0.17
BEAT +11.77%
Est. $0.15
Q1 26 Revenue
$214.5M
BEAT +0.61%
Est. $213.2M
vs S&P Since Q1 26
-45.1%
TRAILING MARKET
GTLB -20.1% vs S&P +25.0%
Market Reaction
Did GTLB Beat Earnings? Q1 2026 Results
GitLab posted a clean beat across the board in its fiscal first quarter of 2026, with investors watching closely as the DevSecOps platform reported revenue of $214.51 million, up 26.8% year-over-year and just ahead of the $213.21 million consensus, w… Read more GitLab posted a clean beat across the board in its fiscal first quarter of 2026, with investors watching closely as the DevSecOps platform reported revenue of $214.51 million, up 26.8% year-over-year and just ahead of the $213.21 million consensus, while non-GAAP EPS of $0.17 topped the $0.15 estimate by 11.77%. The standout story was a dramatic profitability inflection: non-GAAP operating margin expanded to 12% from negative 2% a year ago, driven by improving operating leverage and record free cash flow of $104.10 million. Enterprise traction remained solid, with customers spending over $100,000 in ARR growing 26% year-over-year to 1,288, and dollar-based net retention holding at 122%. Despite results that cleared guidance on every major metric, shares fell roughly 9% as investors weighed modest top-line upside against slower new customer growth and competitive pressure in AI. Looking ahead, GitLab guided Q2 revenue of $226.00–$227.00 million and reaffirmed full-year FY2026 revenue of $936.00–$942.00 million.
Key Takeaways
- • 27% year-over-year revenue growth driven by subscription expansion
- • Dollar-Based Net Retention Rate of 122%
- • Customers with more than $100,000 of ARR grew 26% year-over-year to 1,288
- • Total RPO grew 40% year-over-year to $955.1 million
- • Current RPO grew 34% to $584.8 million
- • Non-GAAP operating margin improved to 12% from (2)% year-over-year
- • Record non-GAAP adjusted free cash flow of $104.1 million
GTLB YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
GTLB Revenue by Segment
With YoY comparisons, source: SEC Filings
“First quarter fiscal year 2026 results underscore the power of our AI-native DevSecOps platform to help customers deliver mission-critical software. We're giving every developer the AI-driven edge they need to innovate faster and more efficiently.”
— Bill Staples, Q1 2026 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% |