Quarterly ResultJun 2, 2026, 04:18 PM
Gitlab Q1 Revenue +23% to $264.2M; Net Loss Narrows 86% to $5.6M
AI Summary
Gitlab Inc. reported a strong first quarter with total revenue increasing by 23% to $264.2 million. The company significantly narrowed its net loss by 86% to $5.6 million, or $0.03 per share. Operating cash flow also saw a substantial increase, and Gitlab initiated a $400 million share repurchase program, having already bought back $50 million in shares.
Key Highlights
- Total revenue increased 23.15% to $264.2 million for the quarter.
- Net loss significantly narrowed by 86.1% to $5.6 million.
- Net loss per share improved to $(0.03) from $(0.22) year-over-year.
- Net cash provided by operating activities rose 40.35% to $149.2 million.
- Board authorized a $400 million Class A common stock repurchase program.
- Company repurchased $50.0 million of Class A common stock during the quarter.
- Subscription revenue (self-managed and SaaS) was $239.3 million, 90% of total.
- United States revenue reached $217.6 million for the quarter.
Price Impact
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