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Apr 30, 2023
GitLab Q1 2024 Earnings Report
GitLab's Q1 2024 financial results were reported, showing revenue growth and improved operating efficiency.
Key Takeaways
GitLab reported a 45% year-over-year increase in revenue, reaching $126.9 million for Q1 FY2024. The company's non-GAAP operating margin also improved significantly. GitLab is focusing on its AI-powered DevSecOps platform to drive efficiencies and innovation for customers.
Total revenue reached $126.9 million, up 45% year-over-year.
GAAP operating margin was (46)%, while Non-GAAP operating margin was (12)%.
GAAP net loss per share was $(0.35), and Non-GAAP net loss per share was $(0.06).
Dollar-Based Net Retention Rate was 128%.
Revenue by Segment
Forward Guidance
GitLab expects revenue between $129.0 million and $130.0 million for Q2 FY2024, and between $541.0 million and $543.0 million for the full fiscal year 2024. They anticipate a non-GAAP operating loss between $(11.0) million and $(10.0) million for Q2 FY2024, and between $(47.0) million and $(43.0) million for the full fiscal year. The non-GAAP net loss per share is expected to be between $(0.03) and $(0.02) for Q2 FY2024, and between $(0.18) and $(0.14) for the full fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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