GitLab (GTLB) GTLB Q3 Financial Results Summary
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GitLab Inc. (GTLB) Q3 2026 Financial Results Summary
San Francisco (December 2, 2025) – GitLab Inc. (NASDAQ: GTLB), the most comprehensive, intelligent DevSecOps platform, today reported its financial results for the third quarter of the fiscal year 2026, which ended on October 31, 2025. Below is a summary of the key financial and business highlights from the report:
Financial Highlights
- Total Revenue: $244.4 million
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Year-over-Year Growth: 25% increase compared to $196.0 million in Q3 FY 2025.
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GAAP Operating Margin: (-5)%
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Improved from (-15)% in Q3 FY 2025.
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Non-GAAP Operating Margin: 18%
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Increased from 13% in Q3 FY 2025.
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Operating Cash Flow: $31.4 million
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A significant turnaround from ($177.0 million) in Q3 FY 2025.
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Non-GAAP Adjusted Free Cash Flow: $27.2 million
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Increased from $9.7 million year-over-year.
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GAAP Net Income (Loss): ($8.3 million)
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Compared to a profit of $29.1 million in Q3 FY 2025, reflecting a decrease of $37.4 million.
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Non-GAAP Net Income: $43.5 million
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Increased from $39.1 million year-over-year.
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GAAP Net Income (Loss) Per Share: ($0.05)
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Compared to a profit of $0.18 per share in Q3 FY 2025.
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Non-GAAP Net Income Per Share: $0.26
- Increased from $0.24 in Q3 FY 2025.
Customer and Retention Metrics
- Customers with More Than $5,000 ARR: 10,475
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Increased by 10% from the previous year.
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Customers with More Than $100,000 ARR: 1,405
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Increased by 23% year-over-year.
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Dollar-Based Net Retention Rate: 119%
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This metric indicates continued growth in revenue from existing customers.
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Total Remaining Performance Obligations (RPO): $1.0 billion
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Increased by 27% year-over-year.
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Contracted Remaining Performance Obligations (cRPO): $659.1 million
- This metric increased by 28% compared to the same period last year.
Operational Highlights
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GitLab appointed Jessica Ross as the new Chief Financial Officer, effective January 15, 2026. Ross brings over 25 years of experience in finance from companies including Salesforce.
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GitLab was recognized as a Leader in both the Gartner Magic Quadrant for DevOps Platforms and AI Code Assistants.
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Product enhancements include:
- The introduction of AI-powered agents in the GitLab Duo Agent Platform.
- Integration of application security capabilities with new features like Static Reachability Analysis and Secret Validity Checks.
Dividends and Share Repurchase
- Declared Quarterly Dividend: There was no mention of a dividend in the report.
- Share Repurchase: There was no mention of a share repurchase program in place.
Fourth Quarter and Fiscal Year 2026 Outlook
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Q4 FY 2026 Revenue Guidance: Estimated between $251.0 million and $252.0 million.
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FY 2026 Revenue Guidance: Estimated between $946 million and $947 million.
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Non-GAAP Operating Income Guidance:
- Q4 FY 2026: Estimated between $38.0 million and $39.0 million.
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FY 2026: Estimated between $147 million and $148 million.
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Non-GAAP Diluted Net Income Per Share Guidance:
- Q4 FY 2026: Estimated between $0.22 and $0.23.
- FY 2026: Estimated between $0.95 and $0.96.
Conclusion
GitLab continues to demonstrate strong performance in revenue growth and cash flow generation for Q3 FY 2026. The company’s strategic focus on product enhancement and market expansion aims to sustain this momentum moving forward. However, stakeholders should monitor future developments on financial guidance and operational adjustments.
For more insights, GitLab will host a conference call to discuss these results further.
| Three Months Ended October 31, | Nine Months Ended October 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Subscription—self-managed and SaaS | $ 223,262 | $ 175,257 | $ 630,427 | $ 489,617 |
| License—self-managed and other | 21,091 | 20,790 | 64,395 | 58,201 |
| Total revenue | 244,353 | 196,047 | 694,822 | 547,818 |
| Cost of revenue: | ||||
| Subscription—self-managed and SaaS | 25,184 | 17,170 | 66,205 | 47,639 |
| License—self-managed and other | 7,037 | 4,955 | 19,556 | 14,632 |
| Total cost of revenue | 32,221 | 22,125 | 85,761 | 62,271 |
| Gross profit | 212,132 | 173,922 | 609,061 | 485,547 |
| Operating expenses: | ||||
| Sales and marketing | 104,974 | 95,340 | 322,144 | 285,542 |
| Research and development | 68,715 | 61,354 | 205,613 | 176,767 |
| General and administrative | 50,799 | 45,960 | 146,621 | 146,615 |
| Total operating expenses | 224,488 | 202,654 | 674,378 | 608,924 |
| Loss from operations | -12,356 | -28,732 | -65,317 | -123,377 |
| Interest income | 11,704 | 12,586 | 34,077 | 37,443 |
| Other income (expense), net | -6,334 | 4,799 | -17,216 | 5,170 |
| Loss before income taxes | -6,986 | -11,347 | -48,456 | -80,764 |
| Provision for (benefit from) income taxes | 1,811 | -39,152 | 6,595 | -65,330 |
| Net income (loss) | $ -8,797 | $ 27,805 | $ -55,051 | $ -15,434 |
| Net loss attributable to noncontrolling interest | -521 | -1,298 | -1,692 | -2,216 |
| Net income (loss) attributable to GitLab | $ -8,276 | $ 29,103 | $ -53,359 | $ -13,218 |
| Net Income (loss) per share attributable | ||||
| to GitLab Class A and Class B common stockholders: | ||||
| Basic | $ -0.05 | $ 0.18 | $ -0.32 | $ -0.08 |
| Diluted | $ -0.05 | $ 0.17 | $ -0.32 | $ -0.08 |
| Weighted-average shares used to compute net loss | ||||
| per share attributable to GitLab Class A and Class B | ||||
| common stockholders: | ||||
| Basic | 167,407 | 161,317 | 165,965 | 159,756 |
| Diluted | 167,407 | 167,436 | 165,965 | 159,756 |
| October 31, 2025(1) | January 31, 2025(1) | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 224,231 | $ 227,649 |
| Short-term investments | 980,077 | 764,728 |
| Accounts receivable, net of allowance | ||
| for doubtful accounts of $1,080 and $991 | 221,140 | 264,565 |
| as of October 31, 2025 and January 31, | ||
| 2025, respectively | ||
| Deferred contract acquisition costs, | ||
| current | 36,522 | 38,964 |
| Prepaid expenses and other current | 44,979 | 40,411 |
| assets | ||
| Total current assets | 1,506,949 | 1,336,317 |
| Property and equipment, net | 10,193 | 4,013 |
| Goodwill | 16,919 | 16,139 |
| Intangible assets, net | 11,789 | 17,834 |
| Deferred contract acquisition costs, | ||
| non-current | 20,288 | 20,142 |
| Other non-current assets | 4,701 | 4,818 |
| TOTAL ASSETS | $ 1,570,839 | $ 1,399,263 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $ 9,187 | $ 7,519 |
| Accrued expenses and other current | ||
| liabilities | 58,406 | 54,680 |
| Accrued compensation and benefits | 33,402 | 40,233 |
| Deferred revenue, current | 464,813 | 442,599 |
| Total current liabilities | 565,808 | 545,031 |
| Deferred revenue, non-current | 28,977 | 26,369 |
| Other non-current liabilities | 8,057 | 6,557 |
| TOTAL LIABILITIES | 602,842 | 577,957 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.0000025 par value; | — | — |
| 50,000 shares authorized; no shares | — | — |
| issued and outstanding as of October 31, | ||
| 2025 and January 31, 2025 | ||
| Class A Common stock, $0.0000025 par | ||
| value; 1,500,000 shares authorized; | ||
| 149,723 and 144,444 shares issued and | — | — |
| outstanding as of October 31, 2025 and | ||
| January 31, 2025, respectively | ||
| Class B Common stock, $0.0000025 par | ||
| value; 250,000 shares authorized; 18,581 | ||
| and 19,469 shares issued and outstanding | — | — |
| as of October 31, 2025 and January 31, | ||
| 2025, respectively | ||
| Additional paid-in capital | 2,141,732 | 1,952,031 |
| Accumulated deficit | -1,220,973 | -1,167,614 |
| Accumulated other comprehensive income | 1,956 | -8,508 |
| (loss) | ||
| Total GitLab stockholders’ equity | 922,715 | 775,909 |
| Noncontrolling interests | 45,282 | 45,397 |
| TOTAL STOCKHOLDERS’ EQUITY | $ 967,997 | $ 821,306 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ | $ 1,570,839 | $ 1,399,263 |
| EQUITY |