Gitlab Inc. Q1 FY27 Results

William Staples, GitLab’s Chief Executive Officer, posted a letter on the Company’s website regarding the Plan. We are reaffirming our Q1 and full year FY27 guidance today. Today's announcement is a deliberate move to lead in a market we believe is in the middle of its largest shift in twenty years. The opportunity here isn't incremental growth on a DevSecOps platform — we're building toward becoming the trusted enterprise platform for software creation in the AI era. We look forward to sharing an update on the business and our Q1 results in our upcoming earnings call on June 2, 2026. We’ll also share the final scope and financial impact of the restructuring at that time, although we anticipate reinvesting the majority of savings into accelerating our progress against the specific growth and technological initiatives that we've outlined. This is the most consequential work we've taken on as a company. We'll prove it in the innovation we bring to market, how we serve our customers, and how we create value for our shareholders over the near- and long-term. Thank you, I want to be direct: I want to do this once, and do it right, and not revisit our structure anytime in the foreseeable future. The team that comes through this restructure is the team that builds Act 2, and you should be able to plan your life and your work without bracing for what comes next. Let’s talk about what’s changing and how we get it right.