Sign in

Gitlab (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

26.7% ( )

Q1 FY 2026 total revenue increased to $214.509 million from $169.19 million in Q1 FY 2025, driven by strong platform demand, customer expansion, and continuous product enhancements that build on trends observed in previous periods.

Subscription Revenue

28.6% ( )

Subscription revenue rose to $194.481 million from $151.18 million, reflecting robust customer adoption of GitLab’s DevSecOps platform and expansion of the subscription base, consistent with historical momentum and customer growth trends.

License Revenue

11% ( )

License revenue increased moderately to $20.028 million from $18.01 million, indicating incremental uptake of licensing solutions that aligns with overall revenue growth and prior expansion patterns in the licensing segment.

U.S. Revenue

28.6% ( )

U.S. revenue grew to $176.886 million from $137.526 million, driven by strong enterprise demand and deepening customer relationships in its largest market, which is in line with previous performance improvements in the region.

Europe Revenue

19.6% ( )

Europe revenue advanced to $33.078 million from $27.652 million, reflecting moderate market expansion and steady adoption of GitLab’s solutions, though growth in this region remains lower than in the U.S. due to differing market dynamics.

Asia Pacific Revenue

13.4% ( )

Asia Pacific revenue increased to $4.545 million from $4.009 million, suggesting a slower market uptake likely due to regional maturity factors, yet showing positive, if modest, growth compared to prior periods.

Net Loss

Improved by 34% ( )

The net loss narrowed to $(35.875) million from $(54.644) million, driven by higher revenue, improved operating margins, and cost efficiencies that continue the improvement trajectory seen in earlier quarters.

Operating Cash Flow

Increased by 179% ( )

Operating cash flow surged to $106,302 thousand from $38,138 thousand due to enhanced operational leverage, improved collection seasonality from Q4 to Q1, and better working capital management that built on earlier operational enhancements.

MetricPeriodGuidanceActualPerformance
Total Revenue
Q1 2026
$212 million to $213 million
$214.509 million
Beat

Research analysts covering Gitlab.