Gitlab Inc. Financials
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).
High gross margins are no longer the story; overhead absorption and cash conversion now drive the business.
From FY2024 to FY2026, operating margin moved from-32.3% to-7.4% while gross margin stayed exceptionally high, so the remaining loss is increasingly an overhead-absorption issue rather than a cost-of-delivery issue. FY2026 operating cash flow of$232.9M and free cash flow of$222.0M despite a GAAP net loss means the income statement is still lagging the cash economics.
FY2026 revenue grew
Capital intensity is low: FY2026 capital spending was
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Gitlab Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Gitlab Inc. has an operating margin of -7.4%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is up from -18.8% the prior year.
Gitlab Inc.'s revenue surged 25.8% year-over-year to $955.2M, reflecting rapid business expansion. This strong growth earns a score of 88/100.
Gitlab Inc. has a moderate D/E ratio of 0.68. This balance of debt and equity financing earns a leverage score of 54/100.
With a current ratio of 2.55, Gitlab Inc. holds $2.55 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.
Gitlab Inc. converts 23.2% of revenue into free cash flow ($222.0M). This strong cash generation earns a score of 67/100.
Gitlab Inc.'s ROE of -5.9% shows moderate profitability relative to equity, earning a score of 30/100. This is down from -0.7% the prior year.
Gitlab Inc. scores 4.99, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.5B) relative to total liabilities ($674.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Gitlab Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Gitlab Inc. generates $-3.98 in operating cash flow ($232.9M OCF vs -$58.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Gitlab Inc. generated $955.2M in revenue in fiscal year 2026. This represents an increase of 25.8% from the prior year.
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.
Gitlab Inc. reported -$58.6M in net income in fiscal year 2026. This represents a decrease of 1020.4% from the prior year.
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
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.
Gitlab Inc. held $335.4M in cash against $0 in long-term debt as of fiscal year 2026.
Margins & Returns
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.
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.
Gitlab Inc.'s net profit margin was -6.1% in fiscal year 2026, showing the share of revenue converted to profit. This is down 5.4 percentage points from the prior year.
Gitlab Inc.'s ROE was -5.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 5.3 percentage points from the prior year.
Capital Allocation
Gitlab Inc. invested $274.6M in research and development in fiscal year 2026. This represents an increase of 14.6% from the prior year.
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 | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $264.2M+1.4% | $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 |
| Cost of Revenue | $37.5M+7.2% | $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 |
| Gross Profit | $226.7M+0.6% | $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 |
| R&D Expenses | $71.5M+3.7% | $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 |
| SG&A Expenses | $51.6M+5.2% | $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 |
| Operating Income | -$15.7M-205.0% | -$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 |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.0M-48.0% | $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 |
| Net Income | -$5.0M+4.5% | -$5.2M+37.1% | -$8.3M+10.1% | -$9.2M+74.3% | -$35.9M-548.9% | $8.0M-72.5% | $29.1M+125.4% | $12.9M |
| EPS (Diluted) | $-0.03 | N/A | $-0.05+16.7% | $-0.06+72.7% | $-0.22 | N/A | $0.17+112.5% | $0.08 |
GTLB Balance Sheet
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B-1.0% | $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 |
| Current Assets | $1.6B-1.0% | $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 |
| Cash & Equivalents | $335.4M+46.1% | $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 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $200.3M-34.2% | $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 |
| Goodwill | $17.8M+2.4% | $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 |
| Total Liabilities | $674.1M-1.8% | $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 |
| Current Liabilities | $643.0M-1.4% | $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 |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $985.2M-0.6% | $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 |
| Retained Earnings | -$1.2B-0.4% | -$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 |
GTLB Cash Flow Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $149.2M+226.1% | $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 |
| Capital Expenditures | $2.4M-39.8% | $4.0M+30.8% | $3.0M+4.6% | $2.9M+218.4% | $912K-21.2% | $1.2M+9.5% | $1.1M+24.2% | $851K |
| Free Cash Flow | $146.8M+251.3% | $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 |
| Investing Cash Flow | $4.2M+107.8% | -$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 |
| Financing Cash Flow | -$47.8M-516.7% | $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 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $50.0M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
GTLB Financial Ratios
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.8%-0.8pp | 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% |
| Operating Margin | -6.0%-4.0pp | -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% |
| Net Margin | -1.9%+0.1pp | -2.0%+1.4pp | -3.4%+0.5pp | -3.9%+12.8pp | -16.7%-20.5pp | 3.8%-11.1pp | 14.8%+7.8pp | 7.1% |
| Return on Equity | -0.5%+0.0pp | -0.5%+0.4pp | -0.9%+0.2pp | -1.1%+3.4pp | -4.4%-5.5pp | 1.0%-3.0pp | 4.0%+2.0pp | 2.0% |
| Return on Assets | -0.3%+0.0pp | -0.3%+0.2pp | -0.5%+0.1pp | -0.6%+1.9pp | -2.5%-3.1pp | 0.6%-1.7pp | 2.3%+1.4pp | 0.9% |
| Current Ratio | 2.55+0.0 | 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 |
| Debt-to-Equity | 0.680.0 | 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 |
| FCF Margin | 55.6%+39.5pp | 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% |
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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 -$58.6M in fiscal year 2026, with a net profit margin of -6.1%.
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 -6.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Gitlab Inc.'s return on equity (ROE)?
Gitlab Inc. (GTLB) has a return on equity of -5.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
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 total assets?
Gitlab Inc. (GTLB) had $1.7B in total assets as of fiscal year 2026, including both current and long-term assets.
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.
What is Gitlab Inc.'s current ratio?
Gitlab Inc. (GTLB) had a current ratio of 2.55 as of fiscal year 2026, which is generally considered healthy.
What is Gitlab Inc.'s debt-to-equity ratio?
Gitlab Inc. (GTLB) had a debt-to-equity ratio of 0.68 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gitlab Inc.'s return on assets (ROA)?
Gitlab Inc. (GTLB) had a return on assets of -3.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Gitlab Inc.'s Altman Z-Score?
Gitlab Inc. (GTLB) has an Altman Z-Score of 4.99, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Gitlab Inc.'s Piotroski F-Score?
Gitlab Inc. (GTLB) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gitlab Inc.'s earnings high quality?
Gitlab Inc. (GTLB) has an earnings quality ratio of -3.98x, 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.
How financially healthy is Gitlab Inc.?
Gitlab Inc. (GTLB) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.