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Jan 31, 2024
GitLab Q4 2024 Earnings Report
GitLab's Q4 2024 financial results were reported, showing revenue growth and continued business momentum.
Key Takeaways
GitLab reported a strong fourth quarter with revenue of $163.8 million, up 33% year-over-year. The company achieved significant non-GAAP operating margin expansion and breakeven cash flow, driven by enterprise customer standardization and AI integration in the DevSecOps platform.
Total revenue reached $163.8 million, a 33% increase year-over-year.
GAAP operating margin was (21)%, while non-GAAP operating margin was 8%.
GAAP net loss per share was $(0.23), and non-GAAP net income per share was $0.15.
Dollar-Based Net Retention Rate was 130%.
Revenue by Segment
Forward Guidance
For Q1 2025, GitLab expects revenue of $165.0 - $166.0 million and non-GAAP operating loss of $(13.0) - $(12.0) million. For FY 2025, GitLab expects revenue of $725.0 - $731.0 million and non-GAAP operating income of $5.0 - $10.0 million.
Positive Outlook
- Revenue is expected to be between $165.0 million and $166.0 million.
- Non-GAAP operating loss is projected to be between $(13.0) million and $(12.0) million.
- Non-GAAP diluted net loss per share is expected to be between $(0.05) and $(0.04).
- Revenue is projected to be between $725.0 million and $731.0 million.
- Non-GAAP operating income is expected to be between $5.0 million and $10.0 million.
Challenges Ahead
- These statements are forward-looking and actual results may differ materially as a result of many factors.
- A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release.
- We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted.
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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