Gitlab Inc. income statement
In fiscal 2026, Gitlab Inc. reported revenue of $955m, up 25.8% on the year before, operating income of −$70.5m (a -7.4% margin) and net income of −$56.0m, or −$0.34 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 152 | 253 | 424 | 580 | 759 | 955 | 1,055 |
| Cost of revenue | 9 | 18 | 30 | 52 | 60 | 85 | 121 | 150 |
| Gross profit | 72 | 134 | 223 | 373 | 520 | 674 | 834 | 905 |
| Research and development | 59 | 107 | 97 | 156 | 201 | 240 | 275 | 304 |
| Selling and marketing | 99 | 154 | 191 | 310 | 356 | 384 | 435 | 471 |
| General and administrative | 42 | 87 | 64 | 118 | 150 | 193 | 196 | 220 |
| Operating income | −128 | −214 | −129 | −211 | −187 | −143 | −70 | −90 |
| Income before tax | −130 | −189 | −159 | −175 | −161 | −86 | −48 | −49 |
| Income tax | 1 | 3 | −2 | 4 | 265 | −77 | 10 | 5 |
| Net income | −131 | −192 | −155 | −173 | −426 | −6 | −56 | −53 |
| Diluted EPS | −$2.76 | −$3.82 | −$1.95 | −$1.17 | −$2.76 | −$0.04 | −$0.34 | −$0.31 |
| Diluted shares (average) | 47m | 50m | 80m | 148m | 154m | 161m | 167m | 169m |
| EBITDA | −128 | −214 | −128 | −208 | −183 | −140 | −67 | −86 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 196 | 211 | 215 | 236 | 244 | 260 | 264 | 286 |
| Cost of revenue | 22 | 23 | 25 | 29 | 32 | 35 | 37 | 46 |
| Gross profit | 174 | 189 | 189 | 207 | 212 | 225 | 227 | 241 |
| Research and development | 61 | 63 | 65 | 71 | 69 | 69 | 71 | 95 |
| Selling and marketing | 95 | 99 | 108 | 110 | 105 | 113 | 119 | 134 |
| General and administrative | 46 | 46 | 51 | 45 | 51 | 49 | 52 | 68 |
| Operating income | −29 | −19 | −35 | −18 | −12 | −5 | −16 | −57 |
| Income before tax | −11 | −5 | −34 | −8 | −7 | 0 | −4 | −39 |
| Income tax | −39 | −11 | 3 | 2 | 2 | 4 | 2 | −3 |
| Net income | 29 | 7 | −36 | −9 | −8 | −3 | −5 | −37 |
| Diluted EPS | $0.17 | $0.04 | −$0.22 | −$0.06 | −$0.05 | −$0.02 | −$0.03 | −$0.22 |
| EBITDA | −28 | −19 | −34 | −18 | −11 | −4 | −14 | −56 |
Compare with peers
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