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Apr 30, 2024
GitLab Q1 2025 Earnings Report
GitLab's Q1 2025 financial results were reported, showing strong revenue growth and operating margin expansion.
Key Takeaways
GitLab reported a 33% year-over-year increase in total revenue, reaching $169.2 million. The company also achieved significant GAAP and Non-GAAP operating margin expansion and generated positive operating cash flow for the first time in Q1.
Total revenue reached $169.2 million, a 33% increase year-over-year.
GAAP and Non-GAAP operating margins expanded significantly year-over-year.
Operating cash flow was $38.1 million, and Non-GAAP adjusted free cash flow was $37.4 million.
Customers with more than $100,000 of ARR reached 1,025, a 35% increase year-over-year.
Revenue by Segment
Forward Guidance
GitLab expects revenue between $176.0 million and $177.0 million for Q2 FY2025 and between $733.0 million and $737.0 million for FY2025. Non-GAAP operating income is expected to be between $10.0 million and $11.0 million for Q2 FY2025 and between $34.0 million and $38.0 million for FY2025.
Positive Outlook
- Revenue for Q2 FY2025 is projected to be between $176.0 million and $177.0 million.
- Revenue for FY2025 is projected to be between $733.0 million and $737.0 million.
- Non-GAAP operating income for Q2 FY2025 is expected to be between $10.0 million and $11.0 million.
- Non-GAAP operating income for FY2025 is expected to be between $34.0 million and $38.0 million.
- Non-GAAP diluted net income per share is expected to be $0.09 - $0.10 for Q2 FY2025 and $0.34 - $0.37 for FY2025.
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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