GitLab Q4 2023 Earnings Report
Key Takeaways
GitLab reported Q4 revenue of $122.9 million, a 58% increase year-over-year. The company's non-GAAP operating margin improved significantly. GitLab is guiding for Q1 2024 revenue of $117.0 - $118.0 million and FY 2024 revenue of $529.0 - $533.0 million.
Total revenue reached $122.9 million, up 58% year-over-year.
GAAP operating margin was (38)%, while non-GAAP operating margin was (11)%.
GAAP net loss per share was $(0.26), and non-GAAP net loss per share was $(0.03).
Dollar-Based Net Retention Rate was 133%.
GitLab
GitLab
GitLab Revenue by Segment
Forward Guidance
GitLab provided guidance for Q1 FY2024 and full FY2024. For Q1 FY2024, GitLab expects revenue of $117.0 - $118.0 million and a non-GAAP operating loss of $(27.0) - $(26.0) million. For FY2024, GitLab expects revenue of $529.0 - $533.0 million and a non-GAAP operating loss of $(64.0) - $(59.0) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income