Gitlab Inc. (GTLB) SEC Filings

GitLab Inc. (GTLB) reported strong top-line growth for the quarter ended July 31, 2026, with revenue of $286.3 million, up 21% year over year, driven by subscription revenue of $258.3 million and ongoing adoption of its DevSecOps platform across self-managed and SaaS offerings. Six‑month revenue reached $550.4 million, up 22%. The base of larger customers grew to 1,571 customers with ARR over $100,000, and the Dollar-Based Net Retention Rate was 117% versus 121% a year earlier. Remaining performance obligations were about $1.2 billion, including $40.4 million under the new GitLab Flex purchasing model.

Despite growth, profitability remains a challenge. Quarterly net loss attributable to GitLab was $36.8 million (vs. $9.2 million), as operating expenses rose with higher sales, R&D, and stock-based compensation of $75.0 million in the quarter and $125.1 million year to date. The company approved a restructuring “2027 Plan” affecting about 14% of the workforce, recording $23.3 million in related charges, and expects total restructuring costs of $30–35 million. GitLab remains well-capitalized with $1.18 billion in cash and short-term investments and conducted share repurchases of $154.7 million under a $400 million authorization.

GitLab Inc. (GTLB) reported second quarter fiscal 2027 results with revenue of $286.3 million, up 21% year-over-year, driven by subscription and license growth. GAAP results showed a net loss of $36.8 million and a GAAP operating margin of (20)%, while non-GAAP operating margin was 15% with non-GAAP net income of $42.1 million.

Operating cash flow was $(3.1) million and non-GAAP adjusted free cash flow was $9.8 million, both down versus the prior year period. GitLab reported a Dollar-Based Net Retention Rate of 117%, total RPO of $1.2 billion, current RPO of $744.7 million, and repurchased about 3.5 million shares in the quarter.

For Q3 FY 2027, GitLab expects revenue of $281–$283 million and non-GAAP operating income of $35–$37 million. For full-year FY 2027, it guides to revenue of $1.129–$1.133 billion and non-GAAP diluted EPS of $0.85–$0.87. The company also disclosed that Chief Accounting Officer Simon Mundy will resign effective September 16, 2026, with CFO Jessica Ross assuming the additional role of principal accounting officer.

Gitlab Inc. (GTLB) reported that director Godfrey Sullivan converted 12,500 shares of Class B common stock into 12,500 shares of Class A common stock on 2026-08-21. This was an automatic conversion under Gitlab’s charter, with no discretionary action by Sullivan. Following the conversion, Sullivan directly holds 154,874 shares of Class A common stock, which includes shares that have not yet vested.

Gitlab Inc. executive Simon Mundy, Chief Accounting Officer, sold 8,725 shares of Class A Common Stock on August 7, 2026 at $38.00 per share in an open-market transaction. The sale was executed under a Rule 10b5-1 trading plan adopted on June 23, 2025. Following this sale, Mundy directly holds 105,332 Class A shares, which include shares that have not yet vested.

Issuer GTLB has a shareholder filing to sell common stock under a planned transaction. A brokerage platform, Morgan Stanley Smith Barney LLC Executive Financial Services, is listed in connection with 8,725 common shares, with an indicated aggregate market value of $311,308.00, for proposed sales dated August 7, 2026 on NASDAQ. The shares relate to Restricted Stock Units granted on March 15, 2025. The filing also lists prior sales in the last three months by shareholder Simon Mundy, including 1,514 shares on June 22, 2026 for $39,621.38 and 2,394 shares on June 17, 2026 for $65,332.26.

BlackRock, Inc. filed an amended Schedule 13G indicating its passive ownership in GitLab Inc. Class A stock. BlackRock reports beneficial ownership of 7,604,097 Class A shares, representing 4.5% of the class.

BlackRock has sole voting power over 7,300,961 shares and sole dispositive power over 7,604,097 shares, with no shared voting or dispositive power. The filing notes that various persons may have rights to dividends or sale proceeds, but no single person has more than 5% of GitLab’s outstanding common shares.

Lloyd Thomas J. reported acquisition or exercise transactions in this Form 4 filing.

Gitlab Inc. granted Chief Business & Legal Officer Thomas J. Lloyd 279,627 time-based restricted stock units (RSUs), each representing one share of Class A Common Stock. The RSUs begin vesting on March 15, 2027 and vest quarterly, subject to his continued service, becoming fully vested on September 15, 2030. Reported holdings of 279,627 shares include unvested shares underlying these RSUs.

Gitlab Inc. filed an initial insider ownership report (Form 3) for Lloyd Thomas J., who is identified as the company’s Chief Business & Legal Officer. The report lists him as an officer and shows no buy, sell, exercise, gift, or tax-withholding transactions and no derivative positions in this filing.

GitLab Inc. provided a business update focused on its new consumption-based products and recently reported financial performance. The company highlighted its internal paid Consumption Run Rate (CRR) metric, noting that after refining the calculation to include its new Flex buying program and exclude certain one-time credit incentives, CRR as of the end of Q1 FY27 (for the quarter ended April 30, 2026) would have been closer to $15 million, versus the “nearly $20 million” figure discussed on its Q1 earnings call. Given continued growth in paid consumption, CRR has since surpassed $20 million as of June 30, 2026.

GitLab also reiterated Q1 FY27 non-GAAP financial highlights. Revenue was $264 million with 14% year-over-year growth and a non-GAAP operating margin of 23%, representing margin expansion of 203 basis points. Non-GAAP adjusted free cash flow was $147 million, corresponding to a 56% adjusted free cash flow margin. The accompanying slides emphasize adoption of GitLab Ultimate and the Duo Agent Platform, rising platform activity, and the company’s AI-driven, agentic product roadmap.