Gitlab | 10-Q: Q2 2026 Earnings Report

GitLab reported strong Q2 FY2026 results with revenue climbing 29% year-over-year to $236 million, driven by continued demand for The DevSecOps platform. Subscription revenue grew 30% to $212.7 million, while the company's customer base expanded to 10,338 Base Customers. The number of customers with Annual Recurring Revenue over $100,000 increased 25% to 1,344.The company posted a net loss of $10 million, significantly narrowed from previous quarters, supported by improved operational efficiency and strong interest income of $11.5 million. Gross margin remained stable at 88%, while operating expenses increased moderately to $225.8 million as GitLab continued investing in sales, marketing and R&D capabilities.Looking ahead, GitLab maintains strong momentum in customer acquisition and platform development, including AI capabilities. The company's Dollar-Based Net Retention Rate was 121%, reflecting successful customer expansion. Cash and investments stood at $1.2 billion, providing substantial resources for continued growth investments.

GitLab reported strong Q2 FY2026 results with revenue climbing 29% year-over-year to $236 million, driven by continued demand for The DevSecOps platform. Subscription revenue grew 30% to $212.7 million, while the company's customer base expanded to 10,338 Base Customers. The number of customers with Annual Recurring Revenue over $100,000 increased 25% to 1,344.The company posted a net loss of $10 million, significantly narrowed from previous quarters, supported by improved operational efficiency and strong interest income of $11.5 million. Gross margin remained stable at 88%, while operating expenses increased moderately to $225.8 million as GitLab continued investing in sales, marketing and R&D capabilities.Looking ahead, GitLab maintains strong momentum in customer acquisition and platform development, including AI capabilities. The company's Dollar-Based Net Retention Rate was 121%, reflecting successful customer expansion. Cash and investments stood at $1.2 billion, providing substantial resources for continued growth investments.