The financials
GitLab Inc. by the numbers
GitLab Inc. (GTLB) reported revenue of $264M in Q1 2027 (quarter ended April 30, 2026), up 23% from the same quarter a year earlier. That came with a gross margin of 86% and net loss of $5.0M. For the full year FY2026, revenue was $955M (+26% year on year) and net income −$56M. Its largest product in 2026-Q2 was Subscription And Circulation at $151M, 52% of the disclosed total, just ahead of Subscription Software As A Service at 31%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $264M | $215M | +23% |
| Gross profit | $227M | $189M | +20% |
| Operating income | −$16M | −$35M | n/a |
| Net income | −$5.0M | −$36M | n/a |
| Diluted EPS | −$0.03 | −$0.22 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Subscription And Circulation | $151M | 52% |
| Subscription Software As A Service | $88M | 31% |
| License Professional Services And Other | $25M | 8.6% |
| License | $18M | 6.3% |
| Professional Services And Other | $6.7M | 2.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $289.0M (+8.9%)
Subscription Software As A Service grew +37% year on yearSubscription And Circulation +16% year on year
Segment Latestquarter on quarteryear on year
- Subscription And Circulation$151.1M$151.1MQoQ +3.2%year on year +16%+3.2%+16%
- Subscription Software As A Service$88.2M$88.2MQoQ +15%year on year +37%+15%+37%
- License Professional Services And Other$24.9M$24.9MQoQ +18%year on year +24%+18%+24%
- License$18.2M$18.2MQoQ +17%year on year +21%+17%+21%
- Professional Services And Other$6.7M$6.7MQoQ +20%year on year +33%+20%+33%
Software - Infrastructure
Ranks #19 of 78 by Smart Score