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Jul 31, 2024
GitLab Q2 2025 Earnings Report
GitLab's Q2 2025 financial results were reported, showing substantial year-over-year revenue growth and operating margin expansion.
Key Takeaways
GitLab reported a 31% year-over-year increase in total revenue, reaching $182.6 million. The company also demonstrated significant GAAP and Non-GAAP operating margin expansion and generated $11.7 million in operating cash flow and $10.8 million in Non-GAAP adjusted free cash flow.
Total revenue reached $182.6 million, a 31% increase year-over-year.
GAAP and Non-GAAP operating margins showed significant year-over-year expansion.
Operating cash flow was $11.7 million and Non-GAAP adjusted free cash flow was $10.8 million.
Customers with more than $100,000 of ARR reached 1,076, an increase of 33% year-over-year.
Revenue by Segment
Forward Guidance
GitLab expects revenue between $187.0 million and $188.0 million for Q3 FY 2025 and between $742.0 million and $744.0 million for the full fiscal year 2025. Non-GAAP operating income is expected to be between $19.0 million and $20.0 million for Q3 FY 2025 and between $55.0 million and $58.0 million for the full fiscal year 2025. Non-GAAP diluted net income per share is expected to be between $0.15 and $0.16 for Q3 FY 2025 and between $0.45 and $0.47 for the full fiscal year 2025.
Positive Outlook
- Revenue for Q3 FY 2025 is projected to be between $187.0 million and $188.0 million.
- Full year 2025 revenue is expected to range from $742.0 million to $744.0 million.
- Non-GAAP operating income for Q3 FY 2025 is forecasted to be between $19.0 million and $20.0 million.
- Non-GAAP operating income for the full year 2025 is projected to be between $55.0 million and $58.0 million.
- Non-GAAP diluted net income per share is expected to be between $0.15 and $0.16 for Q3 FY 2025.
Challenges Ahead
- The forward-looking statements are subject to many factors that may cause actual results to differ materially.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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