GTLB · Gitlab Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $214.51M | $244.35M | $235.96M | $169.19M | $196.05M | $182.58M | $126.88M | $149.67M | $139.58M | $87.41M |
| Cost of Revenue | $25.04M | $32.22M | $28.50M | $18.78M | $22.13M | $21.37M | $13.94M | $15.08M | $14.70M | $6.42M |
| Gross Profit | $189.47M | $212.13M | $207.46M | $150.41M | $173.92M | $161.21M | $112.94M | $134.58M | $124.89M | $43.51M |
| R&D | $65.41M | $68.72M | $71.49M | $54.14M | $61.35M | $61.27M | $50.39M | $49.06M | $49.01M | $31.83M |
| SG&A | $51.09M | $50.80M | $44.73M | $57.49M | $45.96M | $43.17M | $34.25M | $38.81M | $37.82M | $9.34M |
| Total Operating Expenses | $224.08M | $224.49M | $225.81M | $204.05M | $202.65M | $202.22M | $171.17M | $174.85M | $178.94M | $120.43M |
| D&A | $556.0K | - | - | $937.0K | - | - | $1.09M | $1.10M | $1.10M | $0 |
| Operating Income | ($34.61M) | ($12.36M) | ($18.35M) | ($53.64M) | ($28.73M) | ($41.01M) | ($58.23M) | ($40.27M) | ($54.06M) | ($42.87M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $2.54M | $1.81M | $2.25M | $12.71M | ($39.42M) | ($39.42M) | $1.49M | $256.79M | $4.02M | $2.51M |
| Net Income | ($35.88M) | ($8.28M) | ($9.21M) | ($54.64M) | $29.57M | $12.95M | ($52.47M) | ($285.16M) | ($50.08M) | ($26.10M) |
| EPS - Basic | ($0.22) | ($0.05) | ($0.06) | ($0.35) | $0.18 | $0.08 | ($0.35) | ($1.84) | ($0.33) | ($0.18) |
| EPS - Diluted | ($0.22) | ($0.05) | ($0.06) | ($0.35) | $0.18 | $0.08 | ($0.35) | ($1.84) | ($0.33) | ($0.53) |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $229.58M | $224.23M | $261.37M | $227.65M | $176.63M | $438.62M | $288.00M | $285.31M | $273.23M | $295.40M |
| Accounts Receivable | $304.30M | $221.14M | $197.78M | $264.56M | $197.56M | $165.00M | $166.73M | $135.61M | $105.81M | $130.48M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $9.21M | $9.19M | $11.39M | $7.52M | $2.22M | $3.22M | $1.74M | $5.02M | $4.17M | $5.18M |
| Current Assets | $1.66B | $1.51B | $1.44B | $1.34B | $1.19B | $1.31B | $1.28B | $1.18B | $1.14B | $1.12B |
| Total Assets | $1.72B | $1.57B | $1.50B | $1.40B | $1.25B | $1.38B | $1.32B | $1.23B | $1.19B | $1.17B |
| Current Liabilities | $652.14M | $565.81M | $553.36M | $545.03M | $464.50M | $666.85M | $662.07M | $585.92M | $321.19M | $306.30M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $686.50M | $602.84M | $586.61M | $577.96M | $482.42M | $688.26M | $699.93M | $633.71M | $357.83M | $344.48M |
| Stockholders' Equity | $990.67M | $922.72M | $866.55M | $775.91M | $724.71M | $642.84M | $571.17M | $546.57M | $783.66M | $771.02M |
| Retained Earnings | ($1.22B) | ($1.22B) | ($1.21B) | ($1.17B) | ($1.16B) | ($1.19B) | ($1.15B) | ($1.11B) | ($828.20M) | ($725.65M) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $106.30M | - | - | $38.14M | - | - | ($10.96M) | - | - | ($21.52M) |
| Investing Cash Flow | ($81.89M) | - | - | $89.39M | - | - | $24.38M | - | - | $0 |
| Financing Cash Flow | $3.33M | - | - | $5.09M | - | - | $7.51M | - | - | $11.03M |
| CapEx | $912.0K | - | - | $700.0K | - | - | $256.0K | - | - | $1.87M |
| Free Cash Flow | $105.39M | - | - | $37.44M | - | - | ($11.22M) | - | - | ($23.39M) |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 88.3% | 86.8% | 87.9% | 88.9% | 88.7% | 88.3% | 89.0% | 89.9% | 89.5% | 49.8% |
| Operating margin | -16.1% | -5.1% | -7.8% | -31.7% | -14.7% | -22.5% | -45.9% | -26.9% | -38.7% | -49.0% |
| EBITDA margin | -15.9% | - | - | -31.2% | - | - | -45.0% | -26.2% | -37.9% | -49.0% |
| Net margin | -16.7% | -3.4% | -3.9% | -32.3% | 15.1% | 7.1% | -41.4% | -190.5% | -35.9% | -29.9% |
| Free cash flow margin | 49.1% | - | - | 22.1% | - | - | -8.8% | - | - | -26.8% |
| FCF / Net income | -2.94 | - | - | -0.69 | - | - | 0.21 | - | - | 0.90 |
| R&D / Revenue | 30.5% | 28.1% | 30.3% | 32.0% | 31.3% | 33.6% | 39.7% | 32.8% | 35.1% | 36.4% |
| SG&A / Revenue | 23.8% | 20.8% | 19.0% | 34.0% | 23.4% | 23.6% | 27.0% | 25.9% | 27.1% | 10.7% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.1% | -0.5% | -0.6% | -3.9% | 2.4% | 0.9% | -4.0% | -23.2% | -4.2% | -2.2% |
| Return on equity | -3.6% | -0.9% | -1.1% | -7.0% | 4.1% | 2.0% | -9.2% | -52.2% | -6.4% | -3.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.54 | 2.66 | 2.60 | 2.45 | 2.57 | 1.97 | 1.93 | 2.02 | 3.56 | 3.65 |
| Quick ratio | 2.54 | 2.66 | 2.60 | 2.45 | 2.57 | 1.97 | 1.93 | 2.02 | 3.56 | 3.65 |
| Cash ratio | 0.35 | 0.40 | 0.47 | 0.42 | 0.38 | 0.66 | 0.43 | 0.49 | 0.85 | 0.96 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.74 | 1.70 | 1.73 | 1.80 | 1.73 | 2.14 | 2.31 | 2.24 | 1.52 | 1.52 |
| Liabilities / Assets | 0.40 | 0.38 | 0.39 | 0.41 | 0.39 | 0.50 | 0.53 | 0.52 | 0.30 | 0.29 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.16 | 0.16 | 0.12 | 0.16 | 0.13 | 0.10 | 0.12 | 0.12 | 0.07 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 518d | 330d | 306d | 571d | 368d | 330d | 480d | 331d | 277d | 545d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 134d | 104d | 146d | 146d | 37d | 55d | 46d | 122d | 103d | 294d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 298.6x | 640.4x | - | - | - | - |
| P / B | 5.8x | 8.8x | 8.4x | 14.8x | 12.4x | 13.3x | 18.9x | 12.3x | 9.7x | 3.4x |
| P / S | 26.8x | 33.4x | 30.8x | 68.0x | 45.9x | 46.7x | 85.0x | 44.9x | 54.6x | 29.8x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 26.8% | 24.6% | 29.2% | 33.3% | 31.0% | 30.8% | 45.2% | 32.5% | 140.1% | - |
| Revenue CAGR (3y) | 34.9% | 29.3% | 59.5% | - | 43.2% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 26.0% | 22.0% | 28.7% | 33.2% | 29.2% | 29.1% | 159.6% | 36.7% | 41.9% | - |
| Operating income growth (YoY) | 35.5% | 57.0% | 55.2% | 7.9% | 28.6% | 24.1% | -35.8% | 29.3% | -81.2% | - |
| Net income growth (YoY) | 34.3% | - | - | -4.1% | - | - | -101.0% | -488.5% | 15.2% | - |
| EPS growth (YoY) | 37.1% | - | - | 0.0% | - | - | 34.0% | -457.6% | 17.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 181.5% | - | - | - | - | - | 52.1% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 27.7% | 27.3% | 34.8% | 35.8% | 32.6% | -18.0% | -25.9% | -28.4% | 0.7% | -0.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Product / service
$1.91B totalSubscription And Software$864.70M · 45.3%
Subscription And Circulation$568.46M · 29.8%
Subscription Software As AService$296.25M · 15.5%
License Professional Services And Other$90.52M · 4.7%
License$68.87M · 3.6%
Professional Services And Other$21.65M · 1.1%
Geographic
$955.22M totalUS$787.35M · 82.4%
Europe$145.64M · 15.2%
Asia Pacific$22.24M · 2.3%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Gitlab Inc. against the 5 most active filers in the same SIC group.