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GitLab Reports Strong Q1 Earnings with 33% Revenue Growth, Raises Full-Year Guidance

Jun 3, 2024, 08:10 PM

GitLab reported its Q1 2025 earnings, showing significant growth and surpassing analysts' expectations. The company achieved a revenue of $169.2 million, up 33% year-over-year, compared to the estimated $165.89 million. Non-GAAP EPS was $0.03, beating the expected loss of $0.04 per share. GitLab also reported a GAAP net loss per share of $0.35 and an operating cash flow of $38.1 million. The company's stock saw a post-market increase of 2%, reflecting investor confidence. Additionally, GitLab raised its full-year revenue guidance to $733-$737 million and its full-year EPS guidance to $0.34-$0.37. The company highlighted strong margin improvements, a non-GAAP gross margin of 91%, and positive Q1 cash flow for the first time.