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Jan 31, 2025
GitLab Q4 2025 Earnings Report
GitLab reported strong revenue growth and improved profitability in Q4 FY25.
Key Takeaways
GitLab achieved a 29% year-over-year increase in revenue, reaching $211.4 million. The company also reported a significant improvement in its operating margin, with non-GAAP operating income rising to $37.4 million. GAAP net income reached $10.8 million, while non-GAAP net income was $56.7 million. Free cash flow also saw strong growth.
Revenue increased 29% year-over-year to $211.4 million.
Non-GAAP operating income reached $37.4 million, up from $13.2 million in Q4 FY24.
GAAP net income improved to $10.8 million from a loss of $36.9 million in Q4 FY24.
Dollar-based net retention rate stood at 123%, indicating strong customer expansion.
Revenue by Segment
Forward Guidance
GitLab expects continued revenue growth in Q1 FY26, with revenue guidance set between $212M and $213M. The company also anticipates a non-GAAP operating income of $21M to $22M and non-GAAP EPS of $0.14 to $0.15.
Positive Outlook
- Revenue guidance for Q1 FY26 is between $212M and $213M, signaling continued growth.
- Non-GAAP operating income is projected to improve further.
- Dollar-based net retention remains strong at 123%.
- Increased enterprise demand highlights GitLab’s strong positioning.
- Expansion of AI-powered GitLab Duo platform expected to drive future revenue.
Challenges Ahead
- GAAP operating margins remain negative.
- Potential impact of increased expenses on profitability.
- Macroeconomic uncertainties could affect enterprise spending.
- Stock-based compensation remains a significant expense.
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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