| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 235.96 | 10.0% | 29.2% |
| Total Income | 235.96 | 10.0% | 29.2% |
| Expenditure | 254.31 | 2.1% | 13.7% |
| PBT | -7.75 | 77.0% | 71.5% |
| Net Profit | -9.21 | 74.3% | 171.1% |
| OPM | -7.78% | 8.36pp | 14.68pp |
| NPM | -3.90% | 12.82pp | 10.99pp |
| EPS | -0.06 | 72.7% | 175.0% |
GitLab Reports Q2 FY2026 Revenue Up 29% Y/Y to $236.0 Million
04 May 2026 · 4 May, 9:08 am
Summary
GitLab Inc. reported strong financial results for Q2 FY2026, with revenue reaching $236.0 million, a 29% increase year-over-year. The company's GAAP operating margin was (8)%, while the non-GAAP operating margin was 17%. GitLab's sustained growth reflects the transformational value enterprises achieve through the cloud-agnostic, model-neutral DevSecOps platform with comprehensive contextual AI capabilities. The company expects revenue between $238.0 million and $239.0 million for Q3 FY2026.
Key Highlights
- 1
GitLab's total revenue for Q2 FY2026 reached $236.0 million, reflecting a 29% increase year-over-year.
- 2
The company's GAAP operating margin was (8)%, while the non-GAAP operating margin stood at 17% for Q2 FY2026.
- 3
GitLab reported operating cash flow of $49.4 million and a non-GAAP adjusted free cash flow of $46.5 million.
- 4
Customers with more than $5,000 of ARR reached 10,338, representing an 11% increase year-over-year.
- 5
The number of customers with more than $100,000 of ARR grew by 25% year-over-year, reaching 1,344.
- 6
GitLab's Dollar-Based Net Retention Rate was 121% for the second quarter of fiscal year 2026.
- 7
Total RPO grew 32% year-over-year to $988.2 million, with cRPO growing 31% to $621.6 million.
Management Comments
Bill Staples
“This quarter’s results demonstrate the strength of GitLab’s AI-native DevSecOps platform as we continue to drive customer-focused innovation. GitLab Duo Agent Platform represents our vision for human-AI collaboration across the software development lifecycle. With extensibility and interoperability at our core, GitLab gives customers the flexibility to build software with their choice of AI generation tools integrated directly within GitLab, underpinned by the full lifecycle data needed to deliver faster, higher quality AI outcomes.”
Brian Robins
“Our team achieved strong second quarter fiscal year 2026 results, with 29% revenue growth and significant year-over-year operating margin expansion. GitLab's sustained growth reflects the transformational value enterprises achieve through the only cloud-agnostic, model-neutral DevSecOps platform with comprehensive contextual AI capabilities that span planning through deployment, capable of running anywhere, including air-gapped environments."
Informational and educational content only. Not investment advice.