GitLab Inc.
- Open
- 55.24
- Day high
- 55.55
- Day low
- 49.11
- Prev close
- 45.09
- Volume
- 28.9M
- Mkt cap
- $8.3B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 9.0
- P/S
- 7.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$3.5M over the last 3 months (1 open-market buy, 3 sales)
- 🏛Institutions accumulating (13F)
GitLab Inc. (GTLB) is a Technology company listed on NASDAQ. The stock is up 8% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 3 sales (SEC Form 4). Drillr has 2 published research articles covering GTLB.
GitLab Inc. (GTLB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 22 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GTLB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Sep 1, 2026 | $0.18 | $0.24 | +31.9% | $286M | +4.4% |
| Jun 2, 2026 | $0.20 | $0.23 | +15.0% | $264M | +3.6% |
| Mar 3, 2026 | $0.24 | $0.30 | +26.6% | $260M | +1.9% |
| Dec 2, 2025 | $0.21 | $0.25 | +19.6% | $244M | +1.8% |
| Sep 3, 2025 | $0.17 | $0.24 | +41.2% | $236M | +3.8% |
| Jun 10, 2025 | $-0.03 | $0.17 | +666.7% | $215M | +0.5% |
| Mar 3, 2025 | $0.23 | $0.33 | +43.5% | $211M | -0.6% |
| Dec 5, 2024 | $0.15 | $0.23 | +53.3% | $196M | +4.0% |
| Sep 3, 2024 | $0.10 | $0.15 | +51.4% | $183M | +2.9% |
| Jun 3, 2024 | $0.01 | $0.03 | +179.1% | $169M | +1.8% |
| Mar 4, 2024 | $0.08 | $0.15 | +87.5% | $164M | -1.5% |
| Dec 4, 2023 | $0.01 | $0.09 | +1150.0% | $150M | +5.1% |
GTLB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 11, 2026 | Mundy Simonofficer: Chief Accounting Officer | Sell | 8,725 | $38.00 |
| Jul 20, 2026 | Lloyd Thomas J.officer: Chief Business & Legal Officer | Grant | 279,627 | — |
| Jul 1, 2026 | Staples Williamdirector, officer: Chief Executive Officer | Buy | 4,188 | $29.36 |
| Jun 22, 2026 | HENSHALL DAVID Jdirector | Grant | 7,555 | — |
| Jun 22, 2026 | BLASING KARENdirector | Grant | 7,555 | — |
| Jun 22, 2026 | Staples Williamdirector, officer: Chief Executive Officer | Tax | 26,425 | $28.31 |
| Jun 22, 2026 | Mundy Simonofficer: Chief Accounting Officer | Tax | 2,394 | $27.29 |
| Jun 22, 2026 | Steward Ianofficer: Chief Revenue Officer | Tax | 10,961 | $27.29 |
| Jun 22, 2026 | Bedi Sundeepdirector | Grant | 7,555 | — |
| Jun 22, 2026 | Mundy Simonofficer: Chief Accounting Officer | Tax | 1,514 | $26.17 |
| Jun 22, 2026 | SULLIVAN GODFREYdirector | Grant | 7,555 | — |
| Jun 22, 2026 | BOSTROM SUSAN Ldirector | Grant | 7,555 | — |
| Jun 22, 2026 | Schulman Robinofficer: Chief Legal Officer & Corp Sec | Tax | 7,839 | $27.29 |
| Jun 17, 2026 | Sijbrandij Sytsedirector | Sell | 13,565 | $28.83 |
| Jun 17, 2026 | Sijbrandij Sytsedirector | Sell | 102,635 | $28.39 |
Source: GTLB SEC Form 4 filings, latest Aug 11, 2026. For informational purposes only — not investment advice.
See the full GTLB insider & 13F page →GTLB research & analysis
[GTLB] GitLab Compounds Software Franchise Through DevSecOps Platform And AI Adoption
GitLab Inc. is a San-Francisco, California-headquartered software company that delivers an integrated DevSecOps platform spanning the software development, the security, and the operations across the software-development lifecycle. The platform integrates the workflows used by the software-development teams, with the development functions supporting the source-code management and version control, the security functions supporting the application security and security testing integrated into the development workflow, and the operations functions supporting the continuous integration and continuous delivery, deployment, and related operations activity, delivered both as cloud-based software-as-a-service and as self-managed software, sold on a subscription basis to the businesses and enterprises. The revenue and the economics depend on the customer base, the platform adoption, the subscription and recurring revenue, the seat and tier expansion, the go-to-market spending, the competitive environment, and the operating efficiency. On selected various aggregate disclosure, the fiscal 2025 financial profile reflects total revenue derived from the DevSecOps software operations, an operating profile reflecting a cloud-based subscription-software company, and a balance-sheet position consistent with a growth-stage enterprise-software company. The integrated DevSecOps platform core franchise anchors revenue, supported by the platform subscriptions producing the revenue, by the integration of the multiple development, security, and operations workflows supporting the value proposition, and by the customer base and subscription model with the seat and tier expansion providing the recurring revenue. The multi-cycle DevSecOps platform and AI adoption drive the multi-year trajectory, with the platform consolidation reflecting the structural shift of the software-development teams consolidating the multiple point tools into the integrated DevSecOps platforms, and the AI adoption reflecting the emerging integration of the AI capabilities into the software-development workflow. Capital structure reflects the financing of a growth-stage enterprise-software company, and a capital allocation framework focused on the platform, the go-to-market investment, and the balance-sheet management. The bull case anchors on the integrated platform, the developer-workflow consolidation, and the AI-adoption optionality; the bear case anchors on the competitive intensity, the go-to-market and profitability execution, and the enterprise-spending environment.
Enterprise Software Licensing Folds AI Agent Usage Into Seat Contracts
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GitLab Inc. company profile
Overview
GitLab Inc. (NASDAQ:GTLB) is a software development platform company founded in 2011 and headquartered in San Francisco, California. The company went public in October 2021 and has established itself as a leading provider of DevOps platforms that help organizations manage the entire software development lifecycle. GitLab emerged from the open-source Git version control system community and has evolved into a comprehensive enterprise software platform serving thousands of customers worldwide, ranging from small development teams to large multinational corporations.
Business
GitLab operates in the DevOps platform industry, which combines software development (Dev) and IT operations (Ops) to accelerate software delivery while maintaining quality and security. The company's core offering is the GitLab platform, a single integrated application that covers the entire software development lifecycle from planning to deployment and monitoring. The platform serves as a comprehensive alternative to using multiple separate tools that development teams traditionally cobble together. Instead of managing separate applications for code repositories, continuous integration/continuous deployment (CI/CD), security scanning, project management, and monitoring, GitLab provides all these capabilities in one unified interface. This approach, known as platform consolidation, helps organizations reduce complexity, improve collaboration, and accelerate software delivery. GitLab offers its platform in multiple deployment models: as a cloud-hosted Software-as-a-Service (SaaS) solution, as self-managed software that customers can install on their own infrastructure, and through GitLab Dedicated, a single-tenant cloud offering for customers with strict data isolation requirements. The company has also introduced GitLab Duo, an AI-powered suite of features that assists developers with code generation, security analysis, and workflow automation. The platform is structured around different tiers: Free (for small teams), Premium (for growing teams needing advanced collaboration), and Ultimate (for enterprises requiring comprehensive security, compliance, and advanced features). The Ultimate tier has become increasingly important, representing 50% of the company's Annual Recurring Revenue (ARR) as of the most recent quarter.
Revenue model
GitLab generates revenue primarily through subscription-based software licensing, operating on a per-user, per-month pricing model. Customers pay recurring fees based on the number of users and the tier of service they select. The Premium tier is priced at $29 per user per month, while the Ultimate tier commands higher pricing for enterprise features. The company also offers GitLab Duo Pro as an AI add-on at $19 per user per month. The customer base consists primarily of software development teams within organizations of all sizes, from startups to Fortune 500 companies. Revenue growth comes from three main sources: acquiring new customers, expanding seat count within existing customers (as development teams grow), and upgrading customers to higher-value tiers. The company has demonstrated strong dollar-based net retention rates of 124-133%, indicating existing customers are spending more over time. Several factors influence GitLab's margins and growth prospects. Positive factors include the ongoing digital transformation driving increased software development activity, the trend toward platform consolidation as organizations seek to reduce tool sprawl, growing emphasis on security and compliance in software development, and the emerging adoption of AI-powered development tools. Challenging factors include intense competition from established players like Microsoft GitHub, economic headwinds that can extend sales cycles and reduce expansion spending, the need for continued heavy investment in research and development to maintain competitive differentiation, and pricing pressure as the market matures. The company's business model benefits from high gross margins (around 91%) typical of software businesses, but currently operates at negative EBITDA as it invests heavily in growth, product development, and market expansion.
Competitive moat
GitLab's competitive moat is moderately strong but faces significant challenges. The company's primary defensive advantage lies in its comprehensive platform approach, offering an integrated suite of DevOps tools that creates switching costs once organizations standardize on the platform. The complexity of migrating code repositories, CI/CD pipelines, security policies, and team workflows creates meaningful friction for customers considering alternatives. The company benefits from network effects within customer organizations, as the platform becomes more valuable when entire development teams, security personnel, and operations staff collaborate within the same system. GitLab's open-source heritage also provides community-driven innovation and transparency that some enterprise customers value over proprietary alternatives. However, GitLab faces formidable competition, particularly from Microsoft's GitHub, which has the advantage of deep integration with Microsoft's broader enterprise software ecosystem and significant financial resources. GitHub's acquisition by Microsoft in 2018 for $7.5 billion demonstrated the strategic importance of this market to major technology companies. Additionally, cloud hyperscalers like Amazon Web Services, Google Cloud, and Microsoft Azure offer their own integrated DevOps tools, creating competitive pressure. The company's moat is further challenged by the rapidly evolving AI landscape. While GitLab has invested in AI capabilities through GitLab Duo, larger technology companies with more extensive AI resources and data could potentially commoditize certain aspects of the development workflow. The risk exists that AI could eventually automate away some of the complexity that currently creates switching costs, making it easier for customers to move between platforms. GitLab's position is best described as a strong player in a highly competitive market where technological innovation and execution speed are critical for maintaining market share.
Risks & safety
GitLab presents a moderate margin of safety with reasonable financial stability but elevated valuation metrics. • Liquidity and Solvency: Strong balance sheet with $228 million in cash and short-term investments, current ratio of 2.45, and minimal debt (debt-to-equity ratio of 0.0005). The company is not at immediate solvency risk. • Cash Flow: Positive free cash flow of $62 million in Q4 2025, though full-year FY2025 free cash flow was negative $68 million. Operating cash flow has been volatile but recently turned positive. • Valuation Concerns: Price-to-book ratio of 15.2 indicates high valuation relative to tangible assets. Negative EBITDA of -$143 million for FY2025 makes traditional valuation metrics challenging to apply. • Growth vs. Profitability: Revenue growth of 31% demonstrates strong market traction, but the company is still investing heavily in growth at the expense of near-term profitability. • Market Position: Operating in a large addressable market ($40 billion estimated) with strong competitive position, but faces well-funded competition from Microsoft and cloud providers.
Recent development
Over the past few years, GitLab has executed several strategic pivots and product developments that position the company for the evolving software development landscape. The most significant development has been the comprehensive integration of artificial intelligence capabilities through GitLab Duo, launched in multiple phases with Pro and Enterprise tiers. This AI suite goes beyond simple code generation to include security analysis, workflow automation, and root cause analysis, representing a fundamental enhancement to the platform's value proposition. The company has undergone significant leadership transitions, with founder Sid Sijbrandij stepping down as CEO and being replaced by Bill Staples, while remaining as Executive Chair. This transition coincided with the appointment of Ian Stewart as Chief Revenue Officer, signaling a focus on scaling sales operations and customer expansion. GitLab has also expanded its deployment options to meet diverse customer requirements, with GitLab Dedicated (single-tenant SaaS) growing approximately 90% year-over-year. This addresses enterprise customers' data isolation and compliance needs while maintaining the benefits of cloud deployment. The company has made strategic acquisitions, including Oxeye and Rezilion, to enhance its security capabilities and maintain competitiveness in the DevSecOps market. Pricing strategy evolution has been another key development, with the company implementing price increases (Premium tier from $19 to $29 per user per month) and introducing user limits on the free tier to drive conversion to paid plans. The launch of Enterprise Agile Planning as a separate SKU demonstrates GitLab's strategy to expand beyond traditional developer audiences to include project managers and business stakeholders. The company has also strengthened its go-to-market capabilities by investing in field CTOs, solution architects, and professional services to help customers realize platform value and drive expansion within existing accounts.
GTLB company profile · for informational purposes only — not investment advice.
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