Q1 2026 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
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. |
Metric | Period | Guidance | Actual | Performance |
---|---|---|---|---|
Total Revenue | Q1 2026 | $212 million to $213 million | $214.5 million | Beat |