What is GitLab's free cash flow margin?

GitLab (GTLB) reported free cash flow margin of 26.2% in Q1 2026.

What is the long-term trend for GitLab's free cash flow margin?

Over 2 years (2022 to 2026), GitLab's free cash flow margin has grown at a 4.9% compound annual growth rate (CAGR), from -21.1% to 23.2%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

GitLab GTLB Free cash flow margin

Free cash flow margin at other companies

MicrosoftMSFT

22.9%-2.8pp

AtlassianTEAM

19.5%-10.1pp

JFrog Ltd.FROG

26.9%+0.4pp

DigitalOceanDOCN

19.5%+9.2pp

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%—

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.

free cash flow/total revenue=26.2%

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 free cash flow margin?: GitLab (GTLB) reported free cash flow margin of 26.2% in Q1 2026.
What is the long-term trend for GitLab's free cash flow margin?: Over 2 years (2022 to 2026), GitLab's free cash flow margin has grown at a 4.9% compound annual growth rate (CAGR), from -21.1% to 23.2%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.