| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 244.35 | 3.6% | 24.6% |
| Total Income | 244.35 | 3.6% | 24.6% |
| Expenditure | 256.71 | 0.9% | 14.2% |
| PBT | -6.99 | 9.8% | 37.3% |
| Net Profit | -8.28 | 10.1% | 128.0% |
| OPM | -5.06% | 2.72pp | 9.60pp |
| NPM | -3.39% | 0.52pp | 18.47pp |
| EPS | -0.05 | 16.7% | 127.8% |
GitLab Reports Q3 FY2026 Revenue Up 25% Y/Y to $244.4 Million
04 May 2026 · 4 May, 7:00 am
Summary
GitLab Inc. reported strong financial results for its third quarter of fiscal year 2026, with revenue reaching $244.4 million, a 25% increase year-over-year. The company's GAAP operating margin was (5)%, while the non-GAAP operating margin was 18%. GitLab is strategically investing while delivering free cash flow, positioning the company for long-term success. For the fourth quarter and fiscal year 2026, GitLab expects revenue of $251.0 - $252.0 million and $946 - $947 million, respectively.
Key Highlights
- 1
GitLab's total revenue for Q3 FY2026 reached $244.4 million, reflecting a 25% increase year-over-year.
- 2
The company's GAAP operating margin was (5)%, while the non-GAAP operating margin stood at 18% for Q3 FY26.
- 3
GitLab generated $31.4 million in operating cash flow and $27.2 million in non-GAAP adjusted free cash flow during the third quarter of fiscal year 2026.
- 4
Customers with more than $5,000 of ARR reached 10,475, representing a 10% increase year-over-year.
- 5
The number of customers with more than $100,000 of ARR grew by 23% year-over-year, reaching 1,405.
- 6
GitLab's Dollar-Based Net Retention Rate was 119% in Q3 FY26.
- 7
Total RPO grew 27% year-over-year to $1.0 billion, with cRPO growing 28% to $659.1 million.
Management Comments
Bill Staples
“More code means more of a need for GitLab,” said Bill Staples, GitLab chief executive officer. “Engagement is growing across our platform as we are a critical part of how our customers deliver high quality, secure software. We’ve architected GitLab and Duo Agent Platform to provide intelligent orchestration across the software lifecycle, facilitate trust and accuracy in an AI world, and help accelerate the end to end software delivery process required to win.”
James Shen
“I am pleased with GitLab’s strong third quarter results for fiscal year 2026, which resulted in 25% year-over-year revenue growth,” said James Shen, GitLab interim chief financial officer. “By investing strategically while delivering free cash flow, we are building GitLab for sustainable growth at scale. We're positioning GitLab for long-term success to take advantage of a rapidly transforming market from a place of strength.”
Informational and educational content only. Not investment advice.