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Jan 31, 2023
GitLab Q4 2023 Earnings Report
GitLab's Q4 2023 financial results were reported, showing strong revenue growth and improvements in unit economics.
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%.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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