What is GitLab's asset turnover?

GitLab (GTLB) reported asset turnover of 0.6× in Q1 2026.

How has GitLab's asset turnover changed year-over-year?

GitLab's asset turnover increased by 9.7% year-over-year, from 0.6× to 0.6×.

What is the long-term trend for GitLab's asset turnover?

Over 4 years (2022 to 2026), GitLab's asset turnover has grown at a 15.2% compound annual growth rate (CAGR), from 0.3× to 0.6×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

GitLab GTLB Asset turnover

Asset turnover at other companies

MicrosoftMSFT

0.5×0.0×

AtlassianTEAM

1.1×+0.2×

JFrog Ltd.FROG

0.4×0.0×

DigitalOceanDOCN

0.5×-0.1×

Other financials

Income statement

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Revenue$264.2M+23.1%

Gross profit$226.7M+19.6%

Operating income-$15.7M+54.5%

Net income-$5.0M+86.1%

EPS (diluted)-$0.03+86.4%

Balance sheet

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Cash & equivalents$335.4M+31.2%

Total debt$400.0K-20.0%

Total equity$985.2M+21.9%

Total assets$1.7B+18.3%

Cash flow

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Operating cash flow$149.2M+40.4%

CapEx$2.4M+162%

Free cash flow$146.8M+39.3%

Valuation

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Market cap$4.49B-49.7%

P/S4.5×-6.6×

Profitability

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Gross margin86.7%-1.9pp

Operating margin-5.1%-2.1pp

Net margin-2.5%—

FCF margin26.2%—

Returns & leverage

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Return on equity-2.8%—

Debt / equity0×0.0×

Current ratio2.5×+0.1×

Where this comes from

Calculated from GitLab’s reported figures.

total revenue/total assets=0.6×

Based on trailing twelve months.

The official record: GitLab’s 10-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GitLab's asset turnover?: GitLab (GTLB) reported asset turnover of 0.6× in Q1 2026.
How has GitLab's asset turnover changed year-over-year?: GitLab's asset turnover increased by 9.7% year-over-year, from 0.6× to 0.6×.
What is the long-term trend for GitLab's asset turnover?: Over 4 years (2022 to 2026), GitLab's asset turnover has grown at a 15.2% compound annual growth rate (CAGR), from 0.3× to 0.6×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.