Gitlab Inc. SEC 10-Q Report

GitLab Inc., a leading DevSecOps platform provider, has released its latest Form 10-Q report, showcasing significant financial and operational achievements. The report highlights the company's robust revenue growth, improved operational efficiency, and continued investment in innovation and market expansion.

Financial Highlights

• Total Revenue: $235.96 million, reflecting a significant increase from $182.58 million in the same period last year, driven by growth in both subscription and license revenues.
• Gross Profit: $207.46 million, maintaining a strong gross margin of 88%, consistent with the previous year.
• Loss from Operations: $(18.35) million, an improvement from a loss of $(41.01) million in the prior year, indicating better operational efficiency.
• Net Income (Loss): $(9.21) million, compared to a net income of $12.91 million in the previous year, impacted by increased operating expenses.
• Net Income (Loss) Per Share, Basic and Diluted: $(0.06), compared to $0.08 in the prior year, reflecting the net loss attributable to GitLab.

Business Highlights

• Revenue Segments: The company reported revenue from two main segments: Subscription—self-managed and SaaS, and License—self-managed and other. Subscription revenue includes support, maintenance, upgrades, and updates for self-managed customers and access to the product in a cloud-based infrastructure for SaaS customers. License revenue is recognized upfront when the software license is made available to customers.
• Geographical Performance: The company’s revenue is primarily derived from three regions: the United States, Europe, and Asia Pacific. The United States remains the largest market, followed by Europe and Asia Pacific. The company continues to focus on expanding its presence in these regions.
• Customer Segments: The company has seen an increase in its Base Customers, defined as customers with more than $5,000 of Annual Recurring Revenue (ARR). As of July 31, 2025, the company had 10,338 Base Customers, an 11% increase from the previous year. Additionally, customers with ARR of $100,000 or more increased to 1,344, a 25% increase from the previous year.
• Product Development and Innovation: The company continues to invest in research and development to enhance its DevSecOps platform. This includes developing new features and expanding the functionality of existing features. The company has a history of releasing enhancements to its platform every month and plans to continue this cadence.
• Partnerships and Alliances: The company is investing in building and maintaining successful partnerships, alliances, channels, and integrations. This includes developing a strong ecosystem and partner network to expand its go-to-market strategy and broaden its distribution footprint.
• Future Outlook: The company plans to continue investing in sales and marketing to acquire new customers and expand its reach. It also intends to increase investments in research and development to sustain its innovation and technology leadership. The company expects these investments to contribute to long-term growth, although they may impact short-term profitability.

SEC Filing: Gitlab Inc. [ GTLB ] - 10-Q - Sep. 03, 2025