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Form 8-K · Current Report · Filed 2024-03-04

GitLab Reports Strong FY24 Results and Provides FY25 Outlook

GitLab Inc. reported a significant increase in quarterly and full-year 2024 revenue, reaching $163.8 million and $579.9 million respectively. The company also delivered strong non-GAAP operating margins and provided financial guidance for the first quarter and full year 2025. GitLab announced material information through its investor relations channels and furnished financial statements and exhibits.

Filer
GitLab Inc. GTLB · NASDAQ
Filed
Accession
0001628280-24-008503
CIK
0001653482
Signal
Medium impactTechnology

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$73.31

Next session

-19.7%

Since filing

-32.4%

Latest close

$49.58

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from GTLB reporting the same item, with the next session's move:

GitLab Appoints Sabrina Farmer as Chief Technology Officer+7.7%

Exhibits (1)

About GitLab Inc.

GitLab Inc., a leading technology company, focuses on providing a comprehensive DevOps platform to streamline software development and operations. The company enables teams to collaborate more efficiently by integrating various stages of the software development lifecycle into a single application, covering everything from project planning to code management and monitoring. GitLab’s platform significantly enhances workflow efficiency across different sectors, especially in technology, telecom, and financial services, where software development is crucial. Offering both open-source and enterprise solutions, GitLab supports a range of users from individual developers to large-scale organizations. As the demand for digital transformation rises, GitLab plays a pivotal role in the market by helping organizations to accelerate their software delivery processes while maintaining high standards of quality and security. The company operates on a global scale, fostering innovation with a remote-first workforce spread across multiple countries.

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