Gitlab Inc.
For the period ended Jan 31, 2025. Filed Mar 21, 2025.
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FY2025 · Filed Mar 21, 2025
GTLB$47.12-2.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share data)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue: | |||
| Subscription—self-managed and SaaS | $675,179 | $506,306 | $369,349 |
| License—self-managed and other | 84,070 | 73,600 | 54,987 |
| Total revenue | 759,249 | 579,906 | 424,336 |
| Cost of revenue: | |||
| Subscription—self-managed and SaaS | 64,916 | 45,486 | 40,841 |
| License—self-managed and other | 20,224 | 14,222 | 10,839 |
| Total cost of revenue | 85,140 | 59,708 | 51,680 |
| Gross profit | 674,109 | 520,198 | 372,656 |
| Operating expenses: | |||
| Sales and marketing | 384,295 | 356,393 | 309,992 |
| Research and development | 239,652 | 200,840 | 156,143 |
| General and administrative | 192,877 | 150,405 | 117,932 |
| Total operating expenses | 816,824 | 707,638 | 584,067 |
| Loss from operations | (142,715) | (187,440) | (211,411) |
| Interest income | 47,735 | 39,114 | 14,496 |
| Other income (expense), net | 9,187 | (12,241) | 21,621 |
| Loss before income taxes and loss from equity method investment | (85,793) | (160,567) | (175,294) |
| Loss from equity method investment, net of tax | — | (3,824) | (2,468) |
| Provision for (benefit from) income taxes | (76,674) | 265,145 | 4,030 |
| Net loss | $(9,119) | $(429,536) | $(181,792) |
| Net loss attributable to noncontrolling interest | (2,793) | (3,859) | (8,385) |
| Net loss attributable to GitLab | $(6,326) | $(425,677) | $(173,407) |
| Net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted: | $(0.04) | $(2.76) | $(1.17) |
| Weighted-average shares used to compute net income (loss) per share attributable to GitLab Class A and Class B common stockholders, basic and diluted: | 160,580 | 154,283 | 148,407 |
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