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    Steve Koenig

    Research Analyst at Macquarie Capital

    Steve Koenig is Managing Director and US Head of Technology Research at Macquarie Capital, specializing in equities research for enterprise software, artificial intelligence, and cybersecurity. He covers leading technology companies within these sectors and has a publicly measured analyst track record, including a 31.82% success rate and an average return of -7.56%. With over 20 years’ experience, Koenig’s career includes senior roles at SMBC Nikko Securities, Wedbush Securities, Jefferies, KeyBanc Capital Markets, and Longbow Research, alongside consulting for enterprise software firms, before joining Macquarie in 2024. He holds both bachelor’s and master’s degrees from Stanford University and an MBA from Harvard Business School.

    Steve Koenig's questions to Gitlab (GTLB) leadership

    Steve Koenig's questions to Gitlab (GTLB) leadership • Q1 2026

    Question

    Steve Koenig from Macquarie Capital followed up on the back-end weighted linearity, asking if it was macro or execution-related, what metrics are used to track the macro environment, and if any go-to-market adjustments are planned.

    Answer

    CFO Brian Robbins indicated the end-of-quarter dynamics were normal and not indicative of a specific execution issue. He noted that while they track linearity and pipeline metrics closely, the platform's strong ROI continues to resonate with customers. He stated that while the company always focuses on improving execution, no specific tactical adjustments were being made as a result of Q1's linearity.

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