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Oct 31, 2024
GitLab Q3 2025 Earnings Report
GitLab's Q3 2025 revenue reached $196.0 million, up 31% year-over-year, with significant GAAP and Non-GAAP operating margin expansion.
Key Takeaways
GitLab reported a strong third quarter in fiscal year 2025, with revenue reaching $196.0 million, a 31% increase year-over-year. The company also saw significant expansion in both GAAP and Non-GAAP operating margins. Bill Staples was appointed as CEO and Board Member, succeeding co-founder Sid Sijbrandij, who transitioned to Executive Chair of the GitLab Board of Directors.
Total revenue reached $196.0 million, representing a 31% increase year-over-year.
GAAP and Non-GAAP operating margins significantly expanded year-over-year.
Bill Staples was appointed as the new CEO and Board Member.
Customers with more than $100,000 of ARR reached 1,144, up 31% year-over-year.
Revenue by Segment
Forward Guidance
GitLab expects for Q4 FY 2025 revenue between $205.0 - $206.0 million, non-GAAP operating income between $28.0 - $29.0 million, and non-GAAP diluted net income per share between $0.22 - $0.23. For the full fiscal year 2025, GitLab expects revenue between $753 - $754 million and non-GAAP diluted net income per share between $0.63 - $0.64.
Positive Outlook
- Revenue is expected to be between $205.0 - $206.0 million for Q4 FY 2025.
- Non-GAAP operating income is projected to be between $28.0 - $29.0 million for Q4 FY 2025.
- Non-GAAP diluted net income per share is estimated to be between $0.22 - $0.23 for Q4 FY 2025.
- Full fiscal year 2025 revenue is expected to be between $753 - $754 million.
- Full fiscal year 2025 non-GAAP diluted net income per share is projected to be between $0.63 - $0.64.
Challenges Ahead
- Actual results may differ materially due to various factors.
- These statements are forward-looking.
- Uncertainty of expenses that may be incurred in the future.
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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