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Gitlab Inc. Financials

GTLB
Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Gitlab Inc. (GTLB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GTLB FY2026

GitLab’s main financial shift is cash generation outrunning accounting losses as scale steadily absorbs operating costs.

Despite an accounting loss, FY2026 showed a break in pattern: operating margin was still -7.4%, yet operating cash flow reached $233M. Free cash flow of $222M stayed close because capital spending was only $10.8M, and that break from the prior year’s cash burn says the model has become asset-light and self-funding before reported earnings fully catch up.

Gross margin stayed in the high-80s even as revenue expanded, so the core delivery model was already efficient; the big change was expense absorption, not richer unit economics or a sudden change in service cost. Operating margin improved from -49.8% in FY2023 to -7.4% in FY2026, showing sales growth is covering a much larger share of R&D and selling-and-administrative spend.

Liquidity remained comfortable with a current ratio of 2.5x, even though cash and equivalents slipped to $230M, because current assets still provided a sizable cushion over near-term obligations. At the same time, debt-to-equity eased from 1.2x in FY2024 to 0.7x in FY2026, so the stronger funding position came more from internal balance-sheet repair than from added leverage.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 44 / 100
Financial Profile 44/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Gitlab Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Gitlab Inc. has an operating margin of -7.4%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -18.8% the prior year.

Growth
81

Gitlab Inc.'s revenue surged 25.8% year-over-year to $955.2M, reflecting rapid business expansion. This strong growth earns a score of 81/100.

Leverage
88

Gitlab Inc. carries a low D/E ratio of 0.69, meaning only $0.69 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
48

Gitlab Inc.'s current ratio of 2.54 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
50

Gitlab Inc. has a free cash flow margin of 23.2%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Gitlab Inc. generates a -5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -0.8% the prior year.

Piotroski F-Score Neutral
4/9

Gitlab Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-4.16x

For every $1 of reported earnings, Gitlab Inc. generates $-4.16 in operating cash flow ($232.9M OCF vs -$56.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$955.2M
YoY+25.8%
5Y CAGR+44.4%

Gitlab Inc. generated $955.2M in revenue in fiscal year 2026. This represents an increase of 25.8% from the prior year.

EBITDA
-$67.2M
YoY+51.9%

Gitlab Inc.'s EBITDA was -$67.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.9% from the prior year.

Net Income
-$56.0M
YoY-784.5%

Gitlab Inc. reported -$56.0M in net income in fiscal year 2026. This represents a decrease of 784.5% from the prior year.

EPS (Diluted)
$-0.34
YoY-750.0%

Gitlab Inc. earned $-0.34 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 750.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$222.0M
YoY+427.8%

Gitlab Inc. generated $222.0M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 427.8% from the prior year.

Cash & Debt
$229.6M
YoY-10.2%
5Y CAGR-3.4%

Gitlab Inc. held $229.6M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
87.4%
YoY-1.4pp
5Y CAGR-0.5pp

Gitlab Inc.'s gross margin was 87.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.

Operating Margin
-7.4%
YoY+11.4pp
5Y CAGR+133.2pp

Gitlab Inc.'s operating margin was -7.4% in fiscal year 2026, reflecting core business profitability. This is up 11.4 percentage points from the prior year.

Net Margin
-5.9%
YoY-5.0pp
5Y CAGR+120.4pp

Gitlab Inc.'s net profit margin was -5.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 5.0 percentage points from the prior year.

Return on Equity
-5.7%
YoY-4.9pp

Gitlab Inc.'s ROE was -5.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 4.9 percentage points from the prior year.

Capital Allocation

R&D Spending
$274.6M
YoY+14.6%
5Y CAGR+20.8%

Gitlab Inc. invested $274.6M in research and development in fiscal year 2026. This represents an increase of 14.6% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$10.8M
YoY+187.6%

Gitlab Inc. invested $10.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 187.6% from the prior year.

GTLB Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $260.4M+6.6% $244.4M+3.6% $236.0M+10.0% $214.5M+1.5% $211.4M+7.8% $196.0M+7.4% $182.6M+7.9% $169.2M
Cost of Revenue $35.0M+8.6% $32.2M+13.0% $28.5M+13.9% $25.0M+9.5% $22.9M+3.4% $22.1M+3.5% $21.4M+13.8% $18.8M
Gross Profit $225.4M+6.3% $212.1M+2.3% $207.5M+9.5% $189.5M+0.5% $188.6M+8.4% $173.9M+7.9% $161.2M+7.2% $150.4M
R&D Expenses $69.0M+0.4% $68.7M-3.9% $71.5M+9.3% $65.4M+4.0% $62.9M+2.5% $61.4M+0.1% $61.3M+13.2% $54.1M
SG&A Expenses $49.0M-3.5% $50.8M+13.6% $44.7M-12.4% $51.1M+10.4% $46.3M+0.7% $46.0M+6.5% $43.2M-24.9% $57.5M
Operating Income -$5.2M+58.2% -$12.4M+32.7% -$18.4M+47.0% -$34.6M-79.0% -$19.3M+32.7% -$28.7M+29.9% -$41.0M+23.6% -$53.6M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $3.9M+115.6% $1.8M-19.3% $2.2M-11.6% $2.5M+122.4% -$11.3M+71.0% -$39.2M0.0% -$39.2M-401.7% $13.0M
Net Income -$2.6M+68.6% -$8.3M+10.1% -$9.2M+74.3% -$35.9M-620.5% $6.9M-76.3% $29.1M+125.4% $12.9M+123.4% -$55.2M
EPS (Diluted) N/A $-0.05+16.7% $-0.06+72.7% $-0.22 N/A $0.17+112.5% $0.08+122.9% $-0.35

GTLB Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $1.7B+9.7% $1.6B+4.8% $1.5B+3.9% $1.4B+3.1% $1.4B+11.7% $1.3B-9.0% $1.4B+4.1% $1.3B
Current Assets $1.7B+9.9% $1.5B+4.9% $1.4B+4.0% $1.4B+3.3% $1.3B+12.1% $1.2B-9.3% $1.3B+4.1% $1.3B
Cash & Equivalents $229.6M+2.4% $224.2M-14.2% $261.4M+2.2% $255.7M+12.3% $227.6M+28.9% $176.6M-59.7% $438.6M+4.4% $420.3M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $304.3M+37.6% $221.1M+11.8% $197.8M-1.8% $201.4M-23.9% $264.6M+33.9% $197.6M+19.7% $165.0M+22.0% $135.2M
Goodwill $17.4M+2.7% $16.9M+1.7% $16.6M+3.8% $16.0M-0.7% $16.1M0.0% $16.1M+0.7% $16.0M-0.3% $16.1M
Total Liabilities $686.5M+13.9% $602.8M+2.8% $586.6M-0.5% $589.4M+2.0% $578.0M+19.8% $482.4M-29.9% $688.3M-2.7% $707.3M
Current Liabilities $652.1M+15.3% $565.8M+2.3% $553.4M-0.5% $556.4M+2.1% $545.0M+17.3% $464.5M-30.3% $666.8M-1.1% $674.5M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $990.7M+7.4% $922.7M+6.5% $866.6M+7.2% $808.3M+4.2% $775.9M+7.1% $724.7M+12.7% $642.8M+13.2% $567.8M
Retained Earnings -$1.2B-0.2% -$1.2B-0.7% -$1.2B-0.8% -$1.2B-3.1% -$1.2B-0.5% -$1.2B+2.5% -$1.2B+1.1% -$1.2B

GTLB Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $45.8M+45.6% $31.4M-36.3% $49.4M-53.6% $106.3M+68.1% $63.2M+135.7% -$177.0M-1613.4% $11.7M-69.3% $38.1M
Capital Expenditures $4.0M+30.8% $3.0M+4.6% $2.9M+218.4% $912K-21.2% $1.2M+9.5% $1.1M+24.2% $851K+21.6% $700K
Free Cash Flow $41.8M+47.2% $28.4M-38.9% $46.5M-55.9% $105.4M+69.8% $62.1M+134.9% -$178.1M-1741.9% $10.8M-71.0% $37.4M
Investing Cash Flow -$53.0M+30.0% -$75.8M-34.0% -$56.6M+30.9% -$81.9M-273.2% -$21.9M+76.4% -$92.8M-1697.3% -$5.2M-105.8% $89.4M
Financing Cash Flow $11.5M+50.0% $7.7M-38.0% $12.4M+271.1% $3.3M-71.5% $11.7M+300.2% $2.9M-77.4% $12.9M+153.5% $5.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

GTLB Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 86.6%-0.2pp 86.8%-1.1pp 87.9%-0.4pp 88.3%-0.9pp 89.2%+0.5pp 88.7%+0.4pp 88.3%-0.6pp 88.9%
Operating Margin -2.0%+3.1pp -5.1%+2.7pp -7.8%+8.3pp -16.1%-7.0pp -9.2%+5.5pp -14.7%+7.8pp -22.5%+9.2pp -31.7%
Net Margin -1.0%+2.4pp -3.4%+0.5pp -3.9%+12.8pp -16.7%-20.0pp 3.3%-11.6pp 14.8%+7.8pp 7.1%+39.7pp -32.6%
Return on Equity -0.3%+0.6pp -0.9%+0.2pp -1.1%+3.4pp -4.4%-5.3pp 0.9%-3.1pp 4.0%+2.0pp 2.0%+11.7pp -9.7%
Return on Assets -0.1%+0.4pp -0.5%+0.1pp -0.6%+1.9pp -2.5%-3.0pp 0.5%-1.8pp 2.3%+1.4pp 0.9%+5.1pp -4.2%
Current Ratio 2.54-0.1 2.66+0.1 2.60+0.1 2.48+0.0 2.45-0.1 2.57+0.6 1.97+0.1 1.87
Debt-to-Equity 0.69+0.0 0.65-0.0 0.68-0.1 0.73-0.0 0.74+0.1 0.67-0.4 1.07-0.2 1.25
FCF Margin 16.1%+4.4pp 11.6%-8.1pp 19.7%-29.4pp 49.1%+19.8pp 29.3%+120.2pp -90.8%-96.8pp 5.9%-16.2pp 22.1%

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Frequently Asked Questions

Gitlab Inc. (GTLB) reported $955.2M in total revenue for fiscal year 2026. This represents a 25.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Gitlab Inc. (GTLB) revenue grew by 25.8% year-over-year, from $759.2M to $955.2M in fiscal year 2026.

No, Gitlab Inc. (GTLB) reported a net income of -$56.0M in fiscal year 2026, with a net profit margin of -5.9%.

Gitlab Inc. (GTLB) reported diluted earnings per share of $-0.34 for fiscal year 2026. This represents a -750.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Gitlab Inc. (GTLB) had EBITDA of -$67.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Gitlab Inc. (GTLB) had a gross margin of 87.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Gitlab Inc. (GTLB) had an operating margin of -7.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Gitlab Inc. (GTLB) had a net profit margin of -5.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Gitlab Inc. (GTLB) has a return on equity of -5.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Gitlab Inc. (GTLB) generated $222.0M in free cash flow during fiscal year 2026. This represents a 427.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Gitlab Inc. (GTLB) generated $232.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Gitlab Inc. (GTLB) had $1.7B in total assets as of fiscal year 2026, including both current and long-term assets.

Gitlab Inc. (GTLB) invested $10.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Gitlab Inc. (GTLB) invested $274.6M in research and development during fiscal year 2026.

Gitlab Inc. (GTLB) had a current ratio of 2.54 as of fiscal year 2026, which is generally considered healthy.

Gitlab Inc. (GTLB) had a debt-to-equity ratio of 0.69 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Gitlab Inc. (GTLB) had a return on assets of -3.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Gitlab Inc. (GTLB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Gitlab Inc. (GTLB) has an earnings quality ratio of -4.16x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Gitlab Inc. (GTLB) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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