| Metric | Value ($ M) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 286.25 | 8.4% | 21.3% |
| Total Income | 286.25 | 8.4% | 21.3% |
| Expenditure | 343.19 | 22.6% | 35.0% |
| PBT | -39.33 | 1007.9% | 407.5% |
| Net Profit | -36.84 | 641.3% | 300.0% |
| OPM | -19.89% | 13.93pp | 12.11pp |
| NPM | -12.87% | 10.99pp | 8.97pp |
| EPS | -0.22 | 633.3% | 266.7% |
GitLab Reports Q2 FY27 Revenue of $286.3M, Up 21% Year-over-Year
02 Sept 2026 · 3d ago, 1:50 am
Summary
GitLab Inc. reported strong financial results for its second quarter fiscal year 2027, with total revenue growing 21% year-over-year to $286.3 million. The company achieved a non-GAAP operating margin of 15% and demonstrated significant growth in key metrics like First Order, which was up over 100% year-on-year. Management expressed confidence in the company's execution and scalability, highlighting the increasing value of GitLab's platform in the context of AI-driven software development.
Key Highlights
- 1
Total revenue reached $286.3 million, marking a 21% increase year-over-year.
- 2
The company achieved a non-GAAP operating margin of 15% in the second quarter.
- 3
Operating cash flow was $(3.1) million, while non-GAAP adjusted free cash flow was $9.8 million.
- 4
First Order growth exceeded 100% year-on-year.
- 5
Customers with more than $100,000 of ARR reached 1,571, an increase of 17% year-over-year.
- 6
Total RPO grew 16% year-over-year to $1.2 billion, and cRPO grew 20% to $744.7 million.
Management Comments
Bill Staples
Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year. As AI drives more software creation and more work through the development lifecycle, the context, security, governance and control GitLab provides become increasingly valuable. We believe this creates a significant opportunity for GitLab as humans and agents increasingly build software together.
Jessica Ross
I am proud of our team’s performance, which delivered revenue growth of 21% and continued improvement across the business. We saw sequential acceleration in dollar-based net retention and meaningful operating leverage, reflecting the strength of our execution and the increasing scalability of our model. These results demonstrate the durability of our growth opportunity and our ability to create long-term value.
Informational and educational content only. Not investment advice.