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GitLab

GTLB Nasdaq Application Software Financials FY2020–FY2026

GitLab's revenue rose 25.8% to $955 million in fiscal 2026. Its operating margin was −7.4%, up from −18.8% a year earlier. Free cash flow was $222 million. The diluted share count rose 3.9%.

Last close · Oct 23, 2026

$56.28

3.2%
Value it Compare
Revenue Total sales reported in the income statement.
$955M
25.8% vs prior year
Operating margin Operating income as a share of revenue.
−7.4%
11.4 pts
Net income Profit after all expenses, interest and tax.
−$56.0M
Free cash flow Cash from operations minus capital spending.
$222M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
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Market cap Last close times the latest diluted share count, so it is approximate.
$9.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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About these figures. GitLab has no borrowings, so debt is counted as zero.

What GitLab does

No business description yet.

Legal name
GITLAB INC.
Fiscal year ends
January 31, 2026
Latest annual report
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Accession · CIK
0001628280-26-018731
0001653482

Revenue and margins

GitLab had $955M of revenue in fiscal 2026, up 25.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $222M in fiscal 2026, 23.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

GitLab returned $0.0M to shareholders in fiscal 2026, 0% of free cash flow. The diluted share count rose 3.9%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value GitLab yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of $1.3B and divides by 166.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably GitLab can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $935M$937M$1.0B$992M$1.3B
Debt incl. finance leases $0.0M$0.0M$0.0M$0.0M$0.0M
Debt / equity 0.0x0.0x0.0x0.0x0.0x
Current ratio 4.4x3.7x1.9x2.5x2.5x
Quick ratio 4.4x3.7x1.9x2.5x2.5x
Total assets $1.1B$1.2B$1.3B$1.4B$1.7B
Total liabilities $292M$345M$715M$578M$687M
Shareholders' equity $775M$771M$560M$776M$991M
Net debt (− = net cash) −$935M−$937M−$1.0B−$992M−$1.3B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.3M

1 insider

Sold, 12 months

$119M

4 insiders

Of sales under plans

99%

$119M

DateInsiderTradeSharesPriceValueFiling
Oct 19, 2026 Sytse SijbrandijDirector Sold plan 116,200 $53.27 $6.2M Form 4
Sep 28, 2026 Sivaprasad PadisettyChief Technology Officer Sold plan 51,915 $45.78 $2.4M Form 4
Sep 28, 2026 Sytse SijbrandijDirector Sold plan 430,000 $45.84 $19.7M Form 4
Sep 25, 2026 Sytse SijbrandijDirector Sold plan 705,490 $47.75 $33.7M Form 4
Sep 24, 2026 Sytse SijbrandijDirector Sold plan 980,710 $48.63 $47.7M Form 4
Aug 7, 2026 Simon MundyChief Accounting Officer Sold plan 8,725 $38.00 $0.3M Form 4
Jun 30, 2026 William StaplesChief Executive Officer, Director Bought plan 4,188 $29.36 $0.1M Form 4
Jun 15, 2026 Sytse SijbrandijDirector Sold plan 116,200 $28.44 $3.3M Form 4
May 18, 2026 Sytse SijbrandijDirector Sold plan 116,200 $24.85 $2.9M Form 4
Apr 15, 2026 Sytse SijbrandijDirector Sold plan 116,200 $20.77 $2.4M Form 4
Mar 31, 2026 William StaplesChief Executive Officer, Director Bought plan 6,010 $21.35 $0.1M Form 4
Mar 27, 2026 Susan L BostromDirector Sold 32,500 $20.36 $0.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✕ ✕ ✕
Cash from operations is positive ✓ ✕ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✕ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✓ ✓ ✓
F-score 4 / 93 / 94 / 9
Accruals ratio −37.0%4.2%−18.5%
Altman Z'' 0.091.802.82

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
GitLab GTLB $9.5B 25.8% −7.4% 23.2% — — 4
AppFolio APPF $7.5B 19.7% 16.1% 25.1% 50.3% 44.4x 4 Compare →
Manhattan Associates MANH $14.1B 3.8% 25.9% 34.6% — 68.5x 6 Compare →
Asana ASAN $2.8B 9.3% −25.0% 11.0% — — — Compare →
Dolby DLB $5.9B 5.9% 19.6% 32.3% 11.4% 26.7x 5 Compare →

7 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $81.2M $152M $253M $424M $580M $759M $955M
Gross profit $71.9M $134M $223M $373M $520M $674M $835M
Research and development $59.4M $107M $97.2M $156M $201M $240M $275M
Operating income −$128M −$214M −$129M −$211M −$187M −$143M −$70.5M
Pretax income −$130M −$189M −$159M −$175M −$161M −$85.8M −$48.1M
Income tax $1.2M $2.8M −$1.5M $4.0M $265M −$76.7M $10.5M
Net income −$131M −$192M −$155M −$173M −$426M −$6.3M −$56.0M
Diluted EPS −$2.76 −$3.82 −$1.95 −$1.17 −$2.76 −$0.04 −$0.34
Diluted shares 0.05B 0.05B 0.08B 0.15B 0.15B 0.16B 0.17B
Cash flow
Cash from operations −$60.2M −$73.6M −$49.8M −$77.4M $35.0M −$64.0M $233M
Capital expenditure $0.0M $0.0M $3.5M $6.1M $1.6M $3.8M $10.8M
Free cash flow −$60.2M −$73.6M −$53.4M −$83.5M $33.4M −$67.7M $222M
Depreciation and amortization $0.0M $0.0M $0.5M $3.2M $4.4M $2.9M $3.3M
Stock-based compensation $40.9M $112M $30.0M $123M $163M $186M $215M
Acquisitions $0.0M $0.0M $0.3M $0.0M $0.0M $20.2M $0.0M
Share buybacks $0.0M $0.8M $0.6M $0.0M $0.0M $0.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.8M $0.6M $0.0M $0.0M $0.0M $0.0M
Balance sheet
Cash and short-term investments $343M $283M $935M $937M $1.0B $992M $1.3B
Total debt $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets — $349M $1.1B $1.1B $1.3B $1.3B $1.7B
Current liabilities — $127M $242M $306M $677M $545M $652M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net — $0.0M $3.3M $5.8M $3.0M $4.0M $11.8M
Total assets — $363M $1.1B $1.2B $1.3B $1.4B $1.7B
Total liabilities — $169M $292M $345M $715M $578M $687M
Shareholders' equity −$135M −$231M $775M $771M $560M $776M $991M
Margins
Gross margin 88.5% 87.9% 88.1% 87.8% 89.7% 88.8% 87.4%
Operating margin −158.0% −140.6% −51.0% −49.8% −32.3% −18.8% −7.4%
EBITDA margin −158.0% −140.6% −50.8% −49.1% −31.6% −18.4% −7.0%
Net margin −161.0% −126.3% −61.4% −40.9% −73.4% −0.8% −5.9%
FCF margin −74.1% −48.4% −21.1% −19.7% 5.8% −8.9% 23.2%
Returns
Return on capital employed — — −23.8% −24.7% −24.9% −19.1% −7.3%
Return on equity — — −57.1% −22.4% −64.0% −1.0% −6.3%
Return on assets — — −21.3% −15.3% −34.2% −0.5% −3.6%
Growth
Revenue growth — 87.4% 66.0% 68.0% 36.7% 30.9% 25.8%
FCF growth — — — — — −302.6% —
Share count change — 6.4% 58.4% 86.1% 4.0% 4.1% 3.9%
Financial health
Debt / equity — — 0.0x 0.0x 0.0x 0.0x 0.0x
Current ratio — 2.7x 4.4x 3.7x 1.9x 2.5x 2.5x
Quick ratio — 2.7x 4.4x 3.7x 1.9x 2.5x 2.5x
Capital allocation
Capex / revenue 0.0% 0.0% 1.4% 1.4% 0.3% 0.5% 1.1%
Stock comp / revenue 50.3% 73.5% 11.9% 28.9% 28.1% 24.5% 22.5%
Payouts / FCF — — — — 0.0% — 0.0%
Quality scores
Piotroski F-score — — — 2.0 4.0 3.0 4.0
Altman Z'' — −5.0 5.3 3.8 0.1 1.8 2.8
Accruals ratio — — −14.5% −8.5% −37.0% 4.2% −18.5%

Source: SEC EDGAR XBRL filings (CIK 0001653482). Data updated October 11, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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