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GitLab
🇺🇸 NASDAQ:GTLB
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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.

Total Revenue
$183M
Previous year: $140M
+30.8%
EPS
$0.15
Previous year: $0.01
+1400.0%
Dollar-Based NRR
126%
Previous year: 124%
+1.6%
Customers ARR > $100K
1.08K
Previous year: 810
+32.8%
Gross Profit
$161M
Previous year: $125M
+29.1%
Cash and Equivalents
$439M
Previous year: $273M
+60.5%
Free Cash Flow
$10.8M
Previous year: $26.8M
-59.6%
Total Assets
$1.38B
Previous year: $1.19B
+15.7%

GitLab

GitLab

GitLab 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.
  • These factors include the ability to effectively manage growth.
  • These factors include the ability to achieve and sustain profitability.
  • These factors include the impact of security and privacy breaches.
  • These factors include general economic conditions and slow or negative growth of the markets.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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