Form 8-K · Current Report · Filed 2024-09-03
GitLab Reports 31% Revenue Growth and Operating Margin Expansion in Q2 FY 2025
GitLab Inc. reported its second-quarter fiscal year 2025 financial results on September 3, 2024. The company experienced a 31% year-over-year increase in total revenue to $182.6 million and significant expansion in operating margins. Non-GAAP financial measures were disclosed, with a reconciliation provided to GAAP measures. The company announced material information through various channels as per Regulation FD. Business highlights include an increase in customers with more than $5,000 and $100,000 of ARR, a Dollar-Based Net Retention Rate of 126%, and growth in RPO and cRPO. Financial guidance for the third quarter and fiscal year 2025 was also provided. A press release with additional details was furnished as Exhibit 99.1.
- Filer
- GitLab Inc. GTLB · NASDAQ
- Filed
- Accession
- 0001628280-24-039118
- CIK
- 0001653482
- Signal
- High 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
$47.40
Next session
+14.7%
Since filing
+4.6%
Latest close
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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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