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Apr 30
GitLab Q1 2026 Earnings Report
GitLab reported strong revenue growth and a record adjusted free cash flow in Q1 FY26, highlighting momentum in its AI-native DevSecOps platform.
Key Takeaways
GitLab posted solid top-line growth and positive non-GAAP operating income, driven by new AI features and platform enhancements. The company also saw improvements in key customer metrics and cash generation.
Revenue grew to $214.5 million, a 27% year-over-year increase.
Non-GAAP net income reached $29.4 million with EPS of $0.17.
Dollar-based net retention remained strong at 122%.
GitLab Duo with Amazon Q and GitLab 18 were major AI-native product advancements.
GitLab
GitLab
GitLab Revenue by Segment
Revenue by Segment
Subscription - Self-managed Revenue
CapyFin.comLicense - Self-managed Revenue
CapyFin.com Forward Guidance
GitLab expects Q2 FY26 revenue of $226M–$227M and FY26 revenue of $936M–$942M, with continued profitability on a non-GAAP basis.
Positive Outlook
- Revenue guidance for FY26 raised to up to $942M.
- Non-GAAP operating income forecast up to $121M.
- EPS guidance remains strong at $0.74–$0.75 for FY26.
- GitLab Duo and GitLab 18 expected to drive future growth.
- Achieved FedRAMP Moderate status for government expansion.
Challenges Ahead
- GAAP net income remains negative.
- Gross margin slightly declined YoY (GAAP 88% vs 89%).
- Operating margin on GAAP basis still at -16%.
- High stock-based compensation continues to weigh on margins.
- Cash flow growth dependent on continued execution.
Revenue & Expenses
Visualization of income flow from segment revenue to net income