Gitlab | 10-Q: Q3 2026 Earnings Report

GitLab reported Q3 FY2026 revenue of $244.4 million, up 25% year-over-year, driven by strong subscription revenue growth of 27% to $223.3 million. The company's customer base continued to expand, with customers contributing over $100,000 in ARR increasing 23% to 1,405, while maintaining a Dollar-Based Net Retention Rate of 119%. However, the company posted a net loss of $8.8 million compared to a net income of $27.8 million in the same period last year.Operating expenses increased 11% to $224.5 million, primarily due to higher personnel costs and investments in sales, marketing and R&D. Gross margin slightly decreased to 87% from 89% year-over-year, impacted by increased hosting expenses for SaaS and cloud usage. The company maintained a strong balance sheet with $1.2 billion in cash and investments as of October 31, 2025.Looking...Show More

GitLab reported Q3 FY2026 revenue of $244.4 million, up 25% year-over-year, driven by strong subscription revenue growth of 27% to $223.3 million. The company's customer base continued to expand, with customers contributing over $100,000 in ARR increasing 23% to 1,405, while maintaining a Dollar-Based Net Retention Rate of 119%. However, the company posted a net loss of $8.8 million compared to a net income of $27.8 million in the same period last year.Operating expenses increased 11% to $224.5 million, primarily due to higher personnel costs and investments in sales, marketing and R&D. Gross margin slightly decreased to 87% from 89% year-over-year, impacted by increased hosting expenses for SaaS and cloud usage. The company maintained a strong balance sheet with $1.2 billion in cash and investments as of October 31, 2025.Looking ahead, GitLab continues to focus on expanding its DevSecOps platform capabilities, including AI features, while investing in sales and marketing to drive growth. The company highlighted its successful transition of William Staples to CEO role and appointment of Sytse Sijbrandij as Executive Chair, demonstrating commitment to strong corporate governance and strategic leadership.