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Jul 31, 2025
GitLab Q2 2026 Earnings Report
GitLab reported strong Q2 FY26 results with solid revenue growth and expanded non-GAAP profitability.
Key Takeaways
GitLab posted 29% year-over-year revenue growth in Q2 FY26, supported by increased large customer adoption and strong net retention. While GAAP results showed a loss, the company achieved solid non-GAAP profitability and positive free cash flow.
Revenue grew 29% YoY to $236M.
Non-GAAP EPS reached $0.24 while GAAP EPS was -$0.06.
Adjusted free cash flow hit $46.5M.
Customers with over $100K in ARR increased by 25% YoY.
Revenue by Segment
Forward Guidance
GitLab expects continued revenue growth and profitability improvements in Q3 and full FY26, guided by strength in its AI-powered DevSecOps platform and enterprise adoption.
Positive Outlook
- Q3 FY26 revenue guided to $238M–$239M
- FY26 revenue guided to $936M–$942M
- Q3 non-GAAP EPS expected at $0.19–$0.20
- FY26 non-GAAP EPS guided to $0.82–$0.83
- Non-GAAP operating income guided at $133M–$136M for FY26
Challenges Ahead
- GAAP losses continue despite growth
- Lower GAAP gross margin compared to prior year
- Higher R&D and G&A expenses
- Decline in GAAP net income YoY
- Uncertainty due to CFO transition mid-September
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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