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    GitLab Inc (GTLB)

    Q1 2026 Earnings Summary

    Reported on Jun 10, 2025 (After Market Close)
    Pre-Earnings Price$48.51Last close (Jun 10, 2025)
    Post-Earnings Price$41.98Open (Jun 11, 2025)
    Price Change
    $-6.53(-13.46%)
    MetricYoY ChangeReason

    Total Revenue

    Increased from $211.43 million in Q4 2025 to $214.5 million in Q1 2026

    A modest revenue uptick of approximately 1.4% reflects steady demand through both subscription ($194.5 million) and license ($20.0 million) segments, suggesting that core market traction remains stable despite limited expansion compared to previous periods.

    Loss from Operations

    Widened from a loss of ($19,338) thousand in Q4 2025 to ($34,610) thousand in Q1 2026

    The operating loss increased by nearly 80%, indicating that rising costs significantly outpaced the small revenue gain, pointing to possible accelerated spending or inefficiencies in scaling operations relative to previous periods.

    Operating Expenses

    Increased from $207,900 thousand in Q4 2025 to $224,084 thousand in Q1 2026

    Operating expenses jumped by roughly $16.2 million (7.8%), suggesting higher investments in personnel, technology, or other operating areas; this increase aligns with intensified operational efforts and external cost pressures compared to the previous quarter.

    Net Loss Attributable to GitLab

    Worsened from ($5,804) thousand in Q4 2025 to ($35,875) thousand in Q1 2026

    A dramatic escalation in net loss (over sixfold) underscores that the increased operating expenses and cost pressures have not been mitigated by revenue growth, leading to significantly reduced profitability relative to the prior period.

    MetricPeriodGuidanceActualPerformance
    Total Revenue
    Q1 2026
    $212 million to $213 million
    $214.5 million
    Beat