What is Gitlab Inc.'s earnings per share (EPS)?

Gitlab Inc. (GTLB) reported diluted earnings per share of $-0.34 for fiscal year 2026. This represents a -750.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Gitlab Inc. Financials

GTLB

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Gitlab Inc. (GTLB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Mixed

-4.16x

For every $1 of reported earnings, Gitlab Inc. generates $-4.16 in operating cash flow ($232.9M OCF vs -$56.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$955.2M

YoY+25.8%

5Y CAGR+44.4%

Gitlab Inc. generated $955.2M in revenue in fiscal year 2026. This represents an increase of 25.8% from the prior year.

EBITDA

-$67.2M

YoY+51.9%

Gitlab Inc.'s EBITDA was -$67.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.9% from the prior year.

Net Income

-$56.0M

YoY-784.5%

Gitlab Inc. reported -$56.0M in net income in fiscal year 2026. This represents a decrease of 784.5% from the prior year.

EPS (Diluted)

$-0.34

YoY-750.0%

Gitlab Inc. earned $-0.34 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 750.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$222.0M

YoY+427.8%

Gitlab Inc. generated $222.0M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 427.8% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

87.4%

YoY-1.4pp

5Y CAGR-0.5pp

Gitlab Inc.'s gross margin was 87.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.

Operating Margin

-7.4%

YoY+11.4pp

5Y CAGR+133.2pp

Gitlab Inc.'s operating margin was -7.4% in fiscal year 2026, reflecting core business profitability. This is up 11.4 percentage points from the prior year.

Net Margin

-5.9%

YoY-5.0pp

5Y CAGR+120.4pp

Gitlab Inc.'s net profit margin was -5.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 5.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$274.6M

YoY+14.6%

5Y CAGR+20.8%

Gitlab Inc. invested $274.6M in research and development in fiscal year 2026. This represents an increase of 14.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$10.8M

YoY+187.6%

Gitlab Inc. invested $10.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 187.6% from the prior year.

GTLB Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$955.2M+25.8%	$759.2M+30.9%	$579.9M+36.7%	$424.3M+68.0%	$252.7M+66.0%	$152.2M
Cost of Revenue	$120.7M+41.8%	$85.1M+42.6%	$59.7M+15.5%	$51.7M+72.4%	$30.0M+62.4%	$18.5M
Gross Profit	$834.5M+23.8%	$674.1M+29.6%	$520.2M+39.6%	$372.7M+67.4%	$222.7M+66.5%	$133.7M
R&D Expenses	$274.6M+14.6%	$239.7M+19.3%	$200.8M+28.6%	$156.1M+60.6%	$97.2M-8.8%	$106.6M
SG&A Expenses	$195.7M+1.4%	$192.9M+28.2%	$150.4M+27.5%	$117.9M+85.3%	$63.7M-26.7%	$86.9M
Operating Income	-$70.5M+50.6%	-$142.7M+23.9%	-$187.4M+11.3%	-$211.4M-63.9%	-$129.0M+39.7%	-$213.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$10.5M+113.7%	-$76.7M-128.9%	$265.1M+6479.3%	$4.0M+366.7%	-$1.5M-153.4%	$2.8M
Net Income	-$56.0M-784.5%	-$6.3M+98.5%	-$425.7M-145.5%	-$173.4M-11.8%	-$155.1M+19.3%	-$192.2M
EPS (Diluted)	$-0.34-750.0%	$-0.04+98.6%	$-2.76-135.9%	$-1.17+40.0%	$-1.95+49.0%	$-3.82

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$260.4M+6.6%	$244.4M+3.6%	$236.0M+10.0%	$214.5M+1.5%	$211.4M+7.8%	$196.0M+7.4%	$182.6M+7.9%	$169.2M
Cost of Revenue	$35.0M+8.6%	$32.2M+13.0%	$28.5M+13.9%	$25.0M+9.5%	$22.9M+3.4%	$22.1M+3.5%	$21.4M+13.8%	$18.8M
Gross Profit	$225.4M+6.3%	$212.1M+2.3%	$207.5M+9.5%	$189.5M+0.5%	$188.6M+8.4%	$173.9M+7.9%	$161.2M+7.2%	$150.4M
R&D Expenses	$69.0M+0.4%	$68.7M-3.9%	$71.5M+9.3%	$65.4M+4.0%	$62.9M+2.5%	$61.4M+0.1%	$61.3M+13.2%	$54.1M
SG&A Expenses	$49.0M-3.5%	$50.8M+13.6%	$44.7M-12.4%	$51.1M+10.4%	$46.3M+0.7%	$46.0M+6.5%	$43.2M-24.9%	$57.5M
Operating Income	-$5.2M+58.2%	-$12.4M+32.7%	-$18.4M+47.0%	-$34.6M-79.0%	-$19.3M+32.7%	-$28.7M+29.9%	-$41.0M+23.6%	-$53.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$3.9M+115.6%	$1.8M-19.3%	$2.2M-11.6%	$2.5M+122.4%	-$11.3M+71.0%	-$39.2M0.0%	-$39.2M-401.7%	$13.0M
Net Income	-$2.6M+68.6%	-$8.3M+10.1%	-$9.2M+74.3%	-$35.9M-620.5%	$6.9M-76.3%	$29.1M+125.4%	$12.9M+123.4%	-$55.2M
EPS (Diluted)	N/A	$-0.05+16.7%	$-0.06+72.7%	$-0.22	N/A	$0.17+112.5%	$0.08+122.9%	$-0.35

GTLB Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$1.4B+9.1%	$1.3B+13.5%	$1.2B+5.9%	$1.1B+0.7%	$1.1B
Current Assets	N/A	$1.4B+9.3%	$1.3B+13.3%	$1.1B+6.8%	$1.0B-0.7%	$1.1B
Cash & Equivalents	N/A	$255.7M-39.2%	$420.3M+33.0%	$315.9M-64.4%	$887.5M+226.0%	$272.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$201.4M+49.0%	$135.2M+7.2%	$126.1M+85.4%	$68.0M-11.9%	$77.2M
Goodwill	N/A	$16.0M-0.3%	$16.1M+97.3%	$8.1M0.0%	$8.1M0.0%	$8.1M
Total Liabilities	N/A	$589.4M-16.7%	$707.3M+102.9%	$348.5M+24.1%	$280.8M-79.0%	$1.3B
Current Liabilities	N/A	$556.4M-17.5%	$674.5M+116.9%	$311.1M+32.6%	$234.6M-2.9%	$241.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$808.3M+42.3%	$567.8M-25.8%	$765.5M-2.1%	$782.1M+418.6%	-$245.5M
Retained Earnings	N/A	-$1.2B+0.1%	-$1.2B-54.8%	-$778.1M-34.3%	-$579.4M-4.7%	-$553.3M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$1.7B+9.7%	$1.6B+4.8%	$1.5B+3.9%	$1.4B+3.1%	$1.4B+11.7%	$1.3B-9.0%	$1.4B+4.1%	$1.3B
Current Assets	$1.7B+9.9%	$1.5B+4.9%	$1.4B+4.0%	$1.4B+3.3%	$1.3B+12.1%	$1.2B-9.3%	$1.3B+4.1%	$1.3B
Cash & Equivalents	$229.6M+2.4%	$224.2M-14.2%	$261.4M+2.2%	$255.7M+12.3%	$227.6M+28.9%	$176.6M-59.7%	$438.6M+4.4%	$420.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$304.3M+37.6%	$221.1M+11.8%	$197.8M-1.8%	$201.4M-23.9%	$264.6M+33.9%	$197.6M+19.7%	$165.0M+22.0%	$135.2M
Goodwill	$17.4M+2.7%	$16.9M+1.7%	$16.6M+3.8%	$16.0M-0.7%	$16.1M0.0%	$16.1M+0.7%	$16.0M-0.3%	$16.1M
Total Liabilities	$686.5M+13.9%	$602.8M+2.8%	$586.6M-0.5%	$589.4M+2.0%	$578.0M+19.8%	$482.4M-29.9%	$688.3M-2.7%	$707.3M
Current Liabilities	$652.1M+15.3%	$565.8M+2.3%	$553.4M-0.5%	$556.4M+2.1%	$545.0M+17.3%	$464.5M-30.3%	$666.8M-1.1%	$674.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$990.7M+7.4%	$922.7M+6.5%	$866.6M+7.2%	$808.3M+4.2%	$775.9M+7.1%	$724.7M+12.7%	$642.8M+13.2%	$567.8M
Retained Earnings	-$1.2B-0.2%	-$1.2B-0.7%	-$1.2B-0.8%	-$1.2B-3.1%	-$1.2B-0.5%	-$1.2B+2.5%	-$1.2B+1.1%	-$1.2B

GTLB Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$232.9M+464.0%	-$64.0M-282.6%	$35.0M+145.3%	-$77.4M-55.4%	-$49.8M+32.3%	-$73.6M
Capital Expenditures	$10.8M+187.6%	$3.8M+135.6%	$1.6M-73.7%	$6.1M+71.4%	$3.5M	$0
Free Cash Flow	$222.0M+427.8%	-$67.7M-302.5%	$33.4M+140.1%	-$83.5M-56.5%	-$53.4M+27.5%	-$73.6M
Investing Cash Flow	-$267.3M-776.5%	-$30.5M+64.6%	-$86.2M+85.8%	-$605.7M-1023.8%	-$53.9M-6300.8%	-$842K
Financing Cash Flow	$34.8M+6.7%	$32.6M-27.9%	$45.2M-53.6%	$97.5M-86.1%	$701.2M+5316.6%	$12.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$590K-28.0%	$820K

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$45.8M+45.6%	$31.4M-36.3%	$49.4M-53.6%	$106.3M+68.1%	$63.2M+135.7%	-$177.0M-1613.4%	$11.7M-69.3%	$38.1M
Capital Expenditures	$4.0M+30.8%	$3.0M+4.6%	$2.9M+218.4%	$912K-21.2%	$1.2M+9.5%	$1.1M+24.2%	$851K+21.6%	$700K
Free Cash Flow	$41.8M+47.2%	$28.4M-38.9%	$46.5M-55.9%	$105.4M+69.8%	$62.1M+134.9%	-$178.1M-1741.9%	$10.8M-71.0%	$37.4M
Investing Cash Flow	-$53.0M+30.0%	-$75.8M-34.0%	-$56.6M+30.9%	-$81.9M-273.2%	-$21.9M+76.4%	-$92.8M-1697.3%	-$5.2M-105.8%	$89.4M
Financing Cash Flow	$11.5M+50.0%	$7.7M-38.0%	$12.4M+271.1%	$3.3M-71.5%	$11.7M+300.2%	$2.9M-77.4%	$12.9M+153.5%	$5.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GTLB Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	87.4%-1.4pp	88.8%-0.9pp	89.7%+1.9pp	87.8%-0.3pp	88.1%+0.3pp	87.9%
Operating Margin	-7.4%+11.4pp	-18.8%+13.5pp	-32.3%+17.5pp	-49.8%+1.2pp	-51.0%+89.5pp	-140.6%
Net Margin	-5.9%-5.0pp	-0.8%+72.6pp	-73.4%-32.5pp	-40.9%+20.5pp	-61.4%+64.9pp	-126.3%
Return on Equity	N/A	-0.8%+74.2pp	-75.0%-52.3pp	-22.7%-2.8pp	-19.8%	N/A
Return on Assets	N/A	-0.4%+31.8pp	-32.2%-17.3pp	-14.9%-0.8pp	-14.1%+3.5pp	-17.6%
Current Ratio	N/A	2.48+0.6	1.87-1.7	3.59-0.9	4.45+0.1	4.35
Debt-to-Equity	N/A	0.73-0.5	1.25+0.8	0.46+0.1	0.36+5.8	-5.45
FCF Margin	23.2%+32.2pp	-8.9%-14.7pp	5.8%+25.4pp	-19.7%+1.4pp	-21.1%+27.2pp	-48.4%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	86.6%-0.2pp	86.8%-1.1pp	87.9%-0.4pp	88.3%-0.9pp	89.2%+0.5pp	88.7%+0.4pp	88.3%-0.6pp	88.9%
Operating Margin	-2.0%+3.1pp	-5.1%+2.7pp	-7.8%+8.3pp	-16.1%-7.0pp	-9.2%+5.5pp	-14.7%+7.8pp	-22.5%+9.2pp	-31.7%
Net Margin	-1.0%+2.4pp	-3.4%+0.5pp	-3.9%+12.8pp	-16.7%-20.0pp	3.3%-11.6pp	14.8%+7.8pp	7.1%+39.7pp	-32.6%
Return on Equity	-0.3%+0.6pp	-0.9%+0.2pp	-1.1%+3.4pp	-4.4%-5.3pp	0.9%-3.1pp	4.0%+2.0pp	2.0%+11.7pp	-9.7%
Return on Assets	-0.1%+0.4pp	-0.5%+0.1pp	-0.6%+1.9pp	-2.5%-3.0pp	0.5%-1.8pp	2.3%+1.4pp	0.9%+5.1pp	-4.2%
Current Ratio	2.54-0.1	2.66+0.1	2.60+0.1	2.48+0.0	2.45-0.1	2.57+0.6	1.97+0.1	1.87
Debt-to-Equity	0.69+0.0	0.65-0.0	0.68-0.1	0.73-0.0	0.74+0.1	0.67-0.4	1.07-0.2	1.25
FCF Margin	16.1%+4.4pp	11.6%-8.1pp	19.7%-29.4pp	49.1%+19.8pp	29.3%+120.2pp	-90.8%-96.8pp	5.9%-16.2pp	22.1%

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Frequently Asked Questions

What is Gitlab Inc.'s annual revenue?

Gitlab Inc. (GTLB) reported $955.2M in total revenue for fiscal year 2026. This represents a 25.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gitlab Inc.'s revenue growing?

Gitlab Inc. (GTLB) revenue grew by 25.8% year-over-year, from $759.2M to $955.2M in fiscal year 2026.

Is Gitlab Inc. profitable?

No, Gitlab Inc. (GTLB) reported a net income of -$56.0M in fiscal year 2026, with a net profit margin of -5.9%.

What is Gitlab Inc.'s EBITDA?

Gitlab Inc. (GTLB) had EBITDA of -$67.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Gitlab Inc.'s gross margin?

Gitlab Inc. (GTLB) had a gross margin of 87.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Gitlab Inc.'s operating margin?

Gitlab Inc. (GTLB) had an operating margin of -7.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Gitlab Inc.'s net profit margin?

Gitlab Inc. (GTLB) had a net profit margin of -5.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Gitlab Inc.'s free cash flow?

Gitlab Inc. (GTLB) generated $222.0M in free cash flow during fiscal year 2026. This represents a 427.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Gitlab Inc.'s operating cash flow?

Gitlab Inc. (GTLB) generated $232.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Gitlab Inc.'s capital expenditures?

Gitlab Inc. (GTLB) invested $10.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Gitlab Inc. spend on research and development?

Gitlab Inc. (GTLB) invested $274.6M in research and development during fiscal year 2026.

Are Gitlab Inc.'s earnings high quality?

Gitlab Inc. (GTLB) has an earnings quality ratio of -4.16x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.