GitLab Inc. reported strong Q2 FY2025 results with revenue reaching $182.6 million, up 31% YoY. The company achieved significant profitability milestones, posting its first GAAP net income of $12.9 million compared to a $50.1 million loss last year. Non-GAAP operating income was $18.2 million, marking substantial improvement from a $4.3 million loss in the prior year.Customer metrics showed robust growth with customers contributing over $100,000 ARR increasing 33% YoY to 1,076, while the Dollar-Based Net Retention Rate stood at 126%. Total RPO grew 51% to $747.9 million. The company also announced the general availability of GitLab Duo Enterprise, its end-to-end AI add-on, priced at $39 per user monthly.Looking ahead, GitLab provided Q3 FY2025 guidance with revenue expected between $187-188 million and non-GAAP operating income of $19-20 million. For full FY2025, the company projects revenue of $742-744 million and non-GAAP operating income of $55-58 million.

GitLab Inc. reported strong Q2 FY2025 results with revenue reaching $182.6 million, up 31% YoY. The company achieved significant profitability milestones, posting its first GAAP net income of $12.9 million compared to a $50.1 million loss last year. Non-GAAP operating income was $18.2 million, marking substantial improvement from a $4.3 million loss in the prior year.Customer metrics showed robust growth with customers contributing over $100,000 ARR increasing 33% YoY to 1,076, while the Dollar-Based Net Retention Rate stood at 126%. Total RPO grew 51% to $747.9 million. The company also announced the general availability of GitLab Duo Enterprise, its end-to-end AI add-on, priced at $39 per user monthly.Looking ahead, GitLab provided Q3 FY2025 guidance with revenue expected between $187-188 million and non-GAAP operating income of $19-20 million. For full FY2025, the company projects revenue of $742-744 million and non-GAAP operating income of $55-58 million.