Quarterly ResultJul 8, 2026, 09:12 AM
GitLab Q1 FY27 Revenue $264M, Non-GAAP Operating Margin 14%
AI Summary
GitLab reported Q1 FY27 revenue of $264 million, a 23% year-over-year increase, with a non-GAAP operating margin of 14%. The company also provided an update on its consumption-based products, noting that its paid Consumption Run Rate (CRR) surpassed $20 million as of June 30, 2026, up from an adjusted $15 million at the end of Q1 FY27. GitLab launched its new Flex consumption-based buying program in Q2 FY27 and is seeing strong first order momentum, with year-over-year growth in first orders approaching 100% in Q2 FY27-to-date.
Key Highlights
- Q1 FY27 Revenue: $264 million, up 23% year-over-year.
- Q1 FY27 Non-GAAP Operating Margin: 14%, expanding 203 basis points.
- Q1 FY27 Non-GAAP Adjusted Free Cash Flow: $147 million, with a 56% margin.
- Paid Consumption Run Rate (CRR) surpassed $20 million as of June 30, 2026.
- Adjusted Q1 FY27 paid CRR was approximately $15 million.
- Flex, a new consumption-based buying program, launched in Q2 FY27.
- First orders show nearly 100% year-over-year growth in Q2 FY27-to-date.
- GitLab Ultimate accounts for 57% of total ARR as of Q1 FY27.
Price Impact
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