Earnings Report· 2026-09-01
GTLB
Q2 · 2027After-MarketGitLab Inc.
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
0.24
0.00% YoY
Expected
0.18
Beat
+33.33%
REVENUE
Actual ($)
286.25M
21.00% YoY
Expected
273.36M
Beat
+4.72%
Earning Report
| Metric | Q2 FY 2027 | Q2 FY 2026 | YoY Change % |
|---|---|---|---|
| Revenue | $286.25M | $235.96M | +21.3% |
| └─Subscription—self-managed and SaaS | $258.31M | $212.68M | +21.5% |
| └─License—self-managed and other | $27.94M | $23.28M | +20.1% |
| Net loss attributable to GitLab | $(36.844M) | $(9.208M) | - |
| GAAP Net Loss Per Share, Basic | $(0.22) | $(0.06) | - |
| GAAP Net Loss Per Share, Diluted | $(0.22) | $(0.06) | - |
| Non-GAAP Net Income Per Share, Basic | $0.25 | $0.25 | +0.0% |
| Non-GAAP Net Income Per Share, Diluted | $0.24 | $0.24 | +0.0% |
| Net income attributable to GitLab common stockholders on non-GAAP basis | $42.09M | $40.93M | +2.8% |
Financial Outlook / Guidance
| Metric | Q3 FY 2027 Guidance | FY 2027 Guidance |
|---|---|---|
| Revenue | $281 - $283M | $1,129 - $1,133M |
| Non-GAAP operating income | $35 - $37M | $148 - $152M |
| Non-GAAP diluted net income per share | $0.19 - $0.20 | $0.85 - $0.87 |
Business Highlights
- ➤Introduced GitLab Flex, combining platform seats, GitLab Credits, and eligible capabilities under one annual commitment.
- ➤Launched GitLab Secrets Manager as a usage-based add-on for Premium and Ultimate customers on GitLab.com.
- ➤Made GitLab Orbit available in public beta, unifying development and production signals for AI agents.
- ➤GitLab Orbit internal testing showed agents responding up to 11x faster with up to 45x fewer hallucinations.
- ➤Recognized as a Leader in the Gartner® Magic Quadrant™ for DevSecOps Platforms for the fourth consecutive year.
- ➤A Forrester Consulting study found GitLab Duo Agent Platform can deliver 400% ROI over three years.
- ➤The Forrester study estimated $7.5 million net present value with payback in under six months.
- ➤Repurchased approximately 3.5 million shares during the quarter.
- ➤More than 50 million registered users and approximately 50% of the Fortune 100 trust GitLab.
Management Commentary
Bill Staples, Chief Executive Officer
“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, Chief Financial Officer
“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.”