Gitlab Inc. Stock Price, News & Analysis

GitLab Inc. (NASDAQ: GTLB), provider of an AI-powered DevSecOps platform, has announced that CFO Brian Robins will participate in the 27th Annual Needham Growth Conference in New York. The presentation will take place on Tuesday, January 14, 2025, at 11:45 a.m. Eastern Time.

The fireside chat will be accessible through a live webcast, and both the live stream and replay will be available on GitLab's investor relations website for one year following the event. Interested parties can access the webcast directly through the provided link.

GitLab Inc. (NASDAQ: GTLB) reported strong financial results for Q3 FY2025, with revenue reaching $196.0 million, up 31% year-over-year. The company demonstrated significant improvements in operating margins, with non-GAAP operating margin reaching 13% compared to 3% in the previous year.

Key metrics showed robust growth with customers having >$100,000 ARR increasing 31% to 1,144, and a Dollar-Based Net Retention Rate of 124%. Total RPO grew 48% to $811.8 million. The company announced a leadership transition, with Bill Staples appointed as CEO, succeeding co-founder Sid Sijbrandij who will become Executive Chair.

For Q4 FY2025, GitLab projects revenue of $205.0-$206.0 million and non-GAAP operating income of $28.0-$29.0 million.

GitLab (NASDAQ: GTLB) has appointed Bill Staples as its new CEO and board member, succeeding co-founder Sid Sijbrandij, who is transitioning to executive chair to focus on his health and cancer treatment. Sijbrandij's cancer is non-metastatic, and his treatments are progressing well.

GitLab currently serves over 10,000 customers with more than $750M in run-rate revenue. Staples brings nearly 30 years of experience in building developer platforms, having previously served as CEO at New Relic where he significantly increased the company's enterprise value. His prior experience includes executive leadership roles at Microsoft and Adobe.

GitLab and AWS have announced an integrated offering combining GitLab Duo with Amazon Q, creating an AI-powered developer experience to accelerate software innovation and productivity. The integration aims to streamline software development workflows and enhance security across the development lifecycle.

According to the GitLab Global DevSecOps Report, 54% of individual contributors report their teams use up to 14 tools for software development, while only 17% of organizations have started tool consolidation efforts. The new integrated offering addresses this fragmentation by helping developers complete complex multi-step tasks from GitLab's unified DevSecOps platform.

The solution enables developers to transform feature ideas into merge-ready code, generate unit tests, provide AI-driven code quality and security reviews, and modernize Java codebases. The integrated offering is currently in preview for GitLab Ultimate tier customers on Self-Managed.

GitLab Inc. (NASDAQ: GTLB) has announced that CFO Brian Robins will participate in a fireside chat at the Barclays 22nd Annual Global Technology Conference in San Francisco. The presentation is scheduled for December 11, 2024, at 2:30 p.m. Pacific Time. The event will be webcast live and accessible through a provided link, with a replay available on GitLab's investor relations website for one year.

GitLab (NASDAQ: GTLB) has announced it will release its third quarter fiscal 2025 financial results on Thursday, December 5, 2024, after U.S. markets close. The company will host a conference call and webcast at 4:30 p.m. EST to discuss the financial results for the quarter ended October 31, 2024. A webcast replay will be available on the investor relations website for one year.

GitLab Inc. (NASDAQ: GTLB) has announced that Chief Product Officer David DeSanto will participate in a fireside chat at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York. The presentation is scheduled for November 20, 2024, at 9:20 a.m. Eastern Time. The event will be webcast live and available for replay on GitLab's investor relations website for one year.

Fleet, the open-source device management platform, has announced support for iOS devices, including iPads and iPhones. This addition, along with its GitOps capabilities and patch management, is driving fintech leaders to choose Fleet's platform for MDM (Mobile Device Management). The move highlights Fleet's growing influence in the device management space and demonstrates that even established financial institutions can transition from legacy MDM systems.

Fleet's latest release includes support for iOS and iPadOS devices alongside macOS, Windows, and Linux, allowing enterprises to manage all their devices from a single, open platform. This includes automatic enrollment of company-secured devices, app management, and remote OS settings control. Fleet's approach enables IT teams to directly access each operating system's native capabilities while avoiding proprietary tool limitations.

To facilitate transitions, Fleet is offering an assisted migration window at no cost for one year to new customers who sign up before January, with some restrictions.

GitLab Inc. has been recognized as a Leader in the 2024 Gartner Magic Quadrant for DevOps Platforms for the second consecutive year. The company was positioned highest in Ability to Execute and furthest in Completeness of Vision among all evaluated vendors. GitLab is the only vendor named a Leader in both the DevOps Platforms and AI Code Assistants Magic Quadrants for 2024.

GitLab's AI-powered DevSecOps platform helps organizations accelerate digital transformation initiatives throughout the software development lifecycle. The platform enables building better software faster, increasing operational efficiency, reducing security and compliance risks, and expediting cloud migrations.