NASDAQ$GTLB

GitLab · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Headline financials

Total Revenue

$87.4M

Previous: $49.9M+75.1%
EPS (adj)

-$0.18

Previous: -$0.53+66.0%
Customers >$5K ARR

5.2K

No prior period
Customers >$100K ARR

547

Previous: 324+68.8%
Capital Expenditures

-$1.87M

No prior period
Free Cash Flow

-$28M

Previous: -$21.5M-30.0%
Net Income

-$26.1M

Previous: -$27.9M+6.6%
Operating Income

-$42.9M

Previous: -$26M-64.7%
Gross Profit

$77.6M

Previous: $43.5M+78.3%
Cash & Equivalents

$887M

Previous: $272M+226.0%
Total Assets

$1.1B

No prior period
Stock-Based Comp

$17.5M

Previous: $3.43M+409.2%

Revenue & EPS history

GitLab · Revenue · Quarterly

$87.4M

Q1 2023+75.1%vs Q1 2022
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

GitLab · $150M total across 2 segments · Q3 2024

  • Subscription—self-managed and SaaS
    $131M+33.1%
  • License—self-managed and other
    $18.7M+28.4%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+2.6%

Avg return

Earnings day

+5.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+37.7%

Q1 2024

Best reaction

-23.4%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-7.2%-7.9%-15.5%
Q3 2026-12.8%-9.9%-16.6%
Q2 2026-7.3%+2.7%+0.0%
Q1 2026-0.1%+2.7%+2.3%
Q4 2025+11.6%+0.2%-24.4%
Q3 2025+0.9%-7.5%-10.2%
Q2 2025+14.7%+12.0%+2.9%
Q1 2025-5.2%-7.6%+12.7%
Q4 2024-19.7%-21.3%-22.9%
Q3 2024+12.4%+12.8%+11.2%
Q2 2024+1.7%+6.5%-9.4%
Q1 2024+37.7%+39.9%+50.3%
Q4 2023-23.4%-16.8%-23.6%
Q3 2023+1.6%+12.4%+3.1%
Q2 2022+16.6%+30.2%+12.1%
Q2 2023+12.1%+20.0%+17.5%
Q1 2022+26.4%+12.8%+48.3%
Q1 2023+24.6%+9.8%+36.8%
Q1 2020-7.1%+2.0%-15.0%
Q4 2022+0.5%+76.9%+43.3%
Q4 2021-5.4%-15.9%-21.6%
Q3 2021-5.4%-15.9%-21.6%
Q3 2022-7.1%-14.8%-21.7%
Q2 2021
Q1 2021

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