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Jan 31, 2022

GitLab Q4 2022 Earnings Report

GitLab's Q4 2022 revenue increased by 69% year-over-year, with a Dollar-Based Net Retention Rate above 152%.

Key Takeaways

GitLab reported strong Q4 2022 financial results, with revenue increasing by 69% year-over-year. The company's Dollar-Based Net Retention Rate was above 152%. GitLab is focused on driving sustainable growth and improving profitability over the long term.

Total revenue was $77.8 million.

GAAP operating margin was (52)%; Non-GAAP operating margin was (35)%.

GAAP net loss per share was $(0.32); Non-GAAP net loss per share was $(0.16).

Dollar-Based Net Retention Rate above 152%.

Total Revenue
$77.8M
Previous year: $152M
-48.9%
EPS
-$0.16
Previous year: -$3.82
-95.8%
Dollar-Based NRR
152%
Previous year: 152%
+0.0%
Customers ARR > $5K
4.59K
Previous year: 4.59K
+0.0%
Customers ARR > $100K
492
Previous year: 492
+0.0%
Gross Profit
$68.6M
Previous year: $39.9M
+71.9%
Cash and Equivalents
$885M
Previous year: $283M
+212.8%
Free Cash Flow
-$4.64M
Previous year: -$73.6M
-93.7%
Total Assets
$1.09B
Previous year: $363M
+201.0%

GitLab

GitLab

GitLab Revenue by Segment

Forward Guidance

For the first quarter of fiscal year 2023, GitLab Inc. expects revenue between $77.0 million and $78.0 million and a non-GAAP operating loss between $(38.5) million and $(37.5) million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income