What is GitLab's contract assets?

GitLab (GTLB) reported contract assets of $3.3M in Q1 2026.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

GitLab GTLB Contract Assets

Contract Assets at other companies

MYR GroupMYRG

$224.26M-34.4%

Kymera TherapeuticsKYMR

$0-100%

ServiceTitan, Inc.TTAN

$64.55M+36.6%

Schneider NationalSNDR

$27.8M+5.7%

ValarisVAL

$7.1M+373%

AutoNationAN

$23.7M+3.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$149.2M+40.4%

CapEx$2.4M+162%

Free cash flow$146.8M+39.3%

Valuation

See full

Market cap$4.49B-49.7%

Profitability

See full

Gross margin86.7%-1.9pp

Operating margin-5.1%-2.1pp

Net margin-2.5%—

FCF margin26.2%—

Returns & leverage

See full

Return on equity-2.8%—

Debt / equity0×0.0×

Current ratio2.5×+0.1×

Where this comes from

Reported directly by GitLab in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

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

Ask your AI about GitLab's contract assets.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is GitLab's contract assets?: GitLab (GTLB) reported contract assets of $3.3M in Q1 2026.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.