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GitLab GTLB Gross Profit

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Other financials

Income statement

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Revenue$264.2M+23.1%
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$6.11B-16.6%
P/S6.1×-2.5×

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×
Current ratio2.5×+0.1×

Where this comes from

Calculated from GitLab’s reported figures.

The source filing: GitLab’s 10-Q, filed June 2, 2026.

Filed
Jun 2, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-039793
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025
Subscription—self-managed and SaaS30,59119,268
License—self-managed and other6,8975,767
Total cost of revenue37,48825,035
Gross profit226,670189,474
Operating expenses:
Sales and marketing119,358107,587
Research and development71,48265,410
General and administrative51,57951,087

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is GitLab's gross profit?
GitLab (GTLB) reported gross profit of $226.67M in Q1 2026.
How has GitLab's gross profit changed year-over-year?
GitLab's gross profit increased by 19.6% year-over-year, from $189.47M to $226.67M.
What is the long-term trend for GitLab's gross profit?
Over 4 years (2022 to 2026), GitLab's gross profit has grown at a 39.1% compound annual growth rate (CAGR), from $222.67M to $834.48M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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