What is GitLab's net margin?

GitLab (GTLB) reported net margin of -2.5% in Q1 2026.

What is the long-term trend for GitLab's net margin?

Over 3 years (2022 to 2026), GitLab's net margin has grown at a -54.3% compound annual growth rate (CAGR), from -61.4% to -5.9%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

GitLab GTLB Net margin

Net margin at other companies

MicrosoftMSFT

39.3%+3.6pp

AtlassianTEAM

-3.5%-1.3pp

JFrog Ltd.FROG

-10.9%-3.0pp

DigitalOceanDOCN

25%+11.5pp

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

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.

net income/total revenue=-2.5%

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 net margin?: GitLab (GTLB) reported net margin of -2.5% in Q1 2026.
What is the long-term trend for GitLab's net margin?: Over 3 years (2022 to 2026), GitLab's net margin has grown at a -54.3% compound annual growth rate (CAGR), from -61.4% to -5.9%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.