Companies /Technology
Gitlab Inc - Class A
NASDAQ: GTLB Software - Infrastructure
$51.63
▲ $0.13 (+0.25%) today
Markets closed · 5:01pm ET

GitLab (GTLB) Q1 2026 Earnings

Reported Jun 10, 2025, 4:07pm ET · SEC source
$0.17
Beat +11.77%
EPS · est. $0.15
$214.5M
Beat +0.61%
Revenue · est. $213.2M
−4.5%
Trailing market
GTLB vs S&P since report
11 quarters
Consecutive EPS beats

How Did GTLB Stock React to Q1 2026 Earnings?

% change · around the report
−5%0+5%+10%Jun 10Jun 11report 4:07pm ETearnings−0.3%−0.8%
−5%0+5%+10%Jun 10Jun 11earnings−0.3%−0.8%
GTLB −0.8%S&P 500 −0.3%
−5%0+5%+10%Jun 10Jun 11report 4:07pm ETearnings−0.5%−0.8%
−5%0+5%+10%Jun 10Jun 11earnings−0.5%−0.8%
GTLB −0.8%NASDAQ −0.5%
0+6%+12%Jun 9Jun 18report 4:07pm ETearnings−0.9%−1.3%
0+6%+12%Jun 9Jun 18earnings−0.9%−1.3%
GTLB −1.3%S&P 500 −0.9%
0+6%+12%Jun 9Jun 18report 4:07pm ETearnings−0.9%−1.3%
0+6%+12%Jun 9Jun 18earnings−0.9%−1.3%
GTLB −1.3%NASDAQ −0.9%
−10.60%
Day of report
+0.78%
Next session
−3.07%
One week
−1.08%
30 days

S&P 500 over the same 30 days: +3.46%.

Did GTLB Beat Earnings? Q1 2026 Results

Yes. GitLab reported Q1 2026 earnings of $0.17 a share on Jun 10, 2025, beating the $0.15 consensus estimate by 11.8%. Revenue was $214.5M against a $213.2M estimate.

GitLab posted a clean beat across the board in its fiscal first quarter of 2026, with <a href="https://247wallst.com/investing/2025/09/03/live-will-gitlab-finally-breakout-after-tonights-earnings-release/">investors watching closely</a> 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 $0.1521 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

“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.”

GitLab CEO, on the earnings call

What Was GitLab's Outlook in Q1 2026?

For Q2 FY2026, GitLab expects revenue of $226.0–$227.0 million, non-GAAP operating income of $23.0–$24.0 million, and non-GAAP diluted EPS of $0.16–$0.17 (assuming ~171 million weighted average shares). For full fiscal year 2026, the company expects revenue of $936–$942 million, non-GAAP operating income of $117–$121 million, and non-GAAP diluted EPS of $0.74–$0.75 (assuming ~172 million weighted average shares).

GTLB YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$70.0M$140.0M$210.0M$169.2M$214.5MRevenue$150.4M$189.5MGross Profit$-25,546,206$-34,610,000Operating Income$-26,564,235$-35,875,000Net Income
$0$70.0M$140.0M$210.0MRevenueGross ProfitOperating IncomeNet Income
GTLB income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $214.5M $169.2M +26.8%
Gross Profit $189.5M $150.4M +26.0%
Operating Income −$34.6M −$25.5M +35.5%
Net Income −$35.9M −$26.6M +35.1%

GTLB Revenue by Segment

Subscription—self-managed and SaaS
Subscription — self-managed and SaaS$194.5M
Subscription - Self-Managed and SaaS
License—self-managed and other
License - Self-Managed and Other
License — self-managed and other$20.0M

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