Gitlab Inc. GTLB
GitLab is the intelligent orchestration platform for DevSecOps, where software teams and their Artificial Intelligence ("AI") agents stay in flow to ship software faster. Built with a unified data model, our platform brings together development, operations, Information Technology ("IT"), security, and business teams across the entire software development lifecycle to deliver better, more secure software faster.
AI has accelerated individual coding, but teams lose momentum coordinating across planning, testing, security, deployment, and operations. Fragmented toolchains and tool-specific AI agents create bottlenecks that slow software delivery. GitLab's intelligent orchestration helps solve this by enabling teams to orchestrate AI agents to execute tasks autonomously across the software lifecycle while maintaining quality, security, and speed.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Europe
- Asia Pacific
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $787.3M | $618.7M | $473.0M |
| Europe | $145.6M | $122.7M | $93.3M |
| Asia Pacific | $22.2M | $17.9M | $13.6M |
As the company reported it, from the “Revenues - Disaggregation of Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $955.2M | $759.2M | $579.9M | $424.3M | $252.7M | $152.2M | $81.2M | — |
| Cost of revenue | $120.7M | $85.1M | $59.7M | $51.7M | $30.0M | $18.5M | $9.4M | — |
| Gross profit | $834.5M | $674.1M | $520.2M | $372.7M | $222.7M | $133.7M | $71.9M | — |
| R&D | $274.6M | $239.7M | $200.8M | $156.1M | $97.2M | $106.6M | $59.4M | — |
| SG&A | $195.7M | $192.9M | $150.4M | $117.9M | $63.7M | $86.9M | $41.6M | — |
| Total operating expenses | $905.0M | $816.8M | $707.6M | $584.1M | $351.6M | $347.6M | $200.2M | — |
| Operating income | -$70.5M | -$142.7M | -$187.4M | -$211.4M | -$129.0M | -$213.9M | -$128.4M | — |
| Pre-tax income | -$48.1M | -$85.8M | -$160.6M | -$175.3M | -$159.1M | -$189.4M | -$129.5M | — |
| Income tax | $10.5M | $76.7M | $265.1M | $4.0M | $1.5M | $2.8M | $1.2M | — |
| Net income | -$58.6M | -$5.2M | -$424.2M | -$172.3M | -$155.1M | -$192.2M | -$130.7M | — |
| EPS, basic | -0.34 | -0.04 | -2.76 | -1.17 | -1.95 | -3.82 | -2.76 | — |
| EPS, diluted | -0.34 | -0.04 | -2.76 | -1.17 | -1.95 | -3.82 | -2.76 | — |
| Shares, diluted (wtd. avg.) | 166.8M | 160.6M | 154.3M | 148.4M | 79.8M | 50.3M | 47.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $229.6M | $227.6M | $288.0M | $297.9M | $887.2M | $282.9M | $343.3M | $132.5M |
| Short-term investments | — | — | — | — | $50.0M | $0 | — | — |
| Receivables | $304.3M | $264.6M | $166.7M | $130.5M | $77.2M | $39.7M | — | — |
| Total current assets | $1.66B | $1.34B | $1.28B | $1.12B | $1.05B | $348.5M | — | — |
| Property, plant and equipment | $11.8M | $4.0M | $3.0M | $5.8M | $3.3M | $0 | — | — |
| Goodwill | $17.4M | $16.1M | $8.1M | $8.1M | $8.1M | $0 | — | — |
| Other intangibles | $9.8M | $17.8M | $1.7M | $3.9M | $6.3M | $797.0K | — | — |
| Total assets | $1.72B | $1.40B | $1.32B | $1.17B | $1.09B | $362.6M | — | — |
| Accounts payable | $9.2M | $7.5M | $1.7M | $5.2M | $5.0M | $3.1M | — | — |
| Total current liabilities | $652.1M | $545.0M | $677.2M | $306.3M | $241.6M | $127.2M | — | — |
| Total liabilities | $686.5M | $578.0M | $715.0M | $344.5M | $292.2M | $168.9M | — | — |
| Retained earnings | -$1.22B | -$1.17B | -$1.16B | -$725.6M | -$553.3M | -$398.2M | — | — |
| Total equity | $990.7M | $775.9M | $606.4M | $814.5M | $790.4M | -$231.2M | -$134.7M | -$50.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $232.9M | -$64.0M | $35.0M | -$77.4M | -$49.8M | -$73.6M | -$60.2M | — |
| Depreciation and amortisation | $3.3M | $2.9M | $4.4M | $3.2M | $543.0K | $0 | $0 | — |
| Stock-based compensation | $215.0M | $185.9M | $163.0M | $122.6M | $30.0M | $111.8M | $40.9M | — |
| Capital expenditure | $10.8M | $3.8M | $1.6M | $6.1M | $3.5M | $0 | $0 | — |
| Investing cash flow | -$267.3M | -$30.5M | -$86.2M | -$605.7M | -$53.9M | -$842.0K | $0 | — |
| Financing cash flow | $34.8M | $32.6M | $45.2M | $97.5M | $701.2M | $12.9M | $271.3M | — |
| Buybacks | — | — | $0 | $0 | $590.0K | $820.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001653482-26-000085.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $81.2M | $152.2M | $252.7M | $424.3M | $579.9M | $759.2M | $955.2M |
| Gross profit | — | $71.9M | $133.7M | $222.7M | $372.7M | $520.2M | $674.1M | $834.5M |
| Net income | — | -$130.7M | -$192.2M | -$155.1M | -$172.3M | -$424.2M | -$5.2M | -$58.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
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|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |