Form 8-K · Current Report · Filed 2024-06-03
GitLab Reports Strong Q1 FY 2025 Results with 33% Revenue Growth
On June 3, 2024, GitLab Inc. announced its financial results for the first quarter of fiscal year 2025, reporting total revenue of $169.2 million, a 33% increase year-over-year. The company saw significant expansion in operating margins and generated positive cash flow for the first time in its quarterly results. Key highlights include GAAP gross margin and non-GAAP gross margin both at 89%, GAAP operating margin at -32%, and non-GAAP operating margin at -2%. GitLab also disclosed its supplemental investor materials on its website in compliance with Regulation FD.
- Filer
- GitLab Inc. GTLB · NASDAQ
- Filed
- Accession
- 0001628280-24-026313
- CIK
- 0001653482
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$47.19
Next session
-5.2%
Since filing
+5.1%
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:
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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