Gitlab Inc.
For the period ended Jul 31, 2025. Filed Sep 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2025 · Filed Sep 4, 2025
GTLB$46.66-1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended July 31, | Six Months Ended July 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Subscription—self-managed and SaaS | $212,684 | $163,181 | $407,165 | $314,360 |
| License—self-managed and other | 23,276 | 19,403 | 43,304 | 37,411 |
| Total revenue | 235,960 | 182,584 | 450,469 | 351,771 |
| Cost of revenue: | ||||
| Subscription—self-managed and SaaS | 21,753 | 16,630 | 41,021 | 30,469 |
| License—self-managed and other | 6,752 | 4,740 | 12,519 | 9,677 |
| Total cost of revenue | 28,505 | 21,370 | 53,540 | 40,146 |
| Gross profit | 207,455 | 161,214 | 396,929 | 311,625 |
| Operating expenses: | ||||
| Sales and marketing | 109,583 | 97,778 | 217,170 | 190,202 |
| Research and development | 71,488 | 61,273 | 136,898 | 115,413 |
| General and administrative | 44,735 | 43,168 | 95,822 | 100,655 |
| Total operating expenses | 225,806 | 202,219 | 449,890 | 406,270 |
| Loss from operations | (18,351) | (41,005) | (52,961) | (94,645) |
| Interest income | 11,511 | 12,827 | 22,373 | 24,857 |
| Other income (expense), net | (911) | 1,260 | (10,882) | 371 |
| Loss before income taxes | (7,751) | (26,918) | (41,470) | (69,417) |
| Provision for (benefit from) income taxes | 2,245 | (39,155) | 4,784 | (26,178) |
| Net income (loss) | $(9,996) | $12,237 | $(46,254) | $(43,239) |
| Net loss attributable to noncontrolling interest | (788) | (675) | (1,171) | (918) |
| Net income (loss) attributable to GitLab | $(9,208) | $12,912 | $(45,083) | $(42,321) |
| Net income (loss) per share attributable to GitLab Class A and Class B common stockholders: | ||||
| Basic | $(0.06) | $0.08 | $(0.27) | $(0.27) |
| Diluted | $(0.06) | $0.08 | $(0.27) | $(0.27) |
| Weighted-average shares used to compute net income (loss) per share attributable to GitLab Class A and Class B common stockholders: | ||||
| Basic | 165,953 | 159,677 | 165,233 | 158,973 |
| Diluted | 165,953 | 166,346 | 165,233 | 158,973 |
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