NASDAQ$GTLB
GitLab · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
GitLab's Q1 2024 financial results were reported, showing revenue growth and improved operating efficiency.
GitLab reported a 45% year-over-year increase in revenue, reaching $126.9 million for Q1 FY2024. The company's non-GAAP operating margin also improved significantly. GitLab is focusing on its AI-powered DevSecOps platform to drive efficiencies and innovation for customers.
- Total revenue reached $126.9 million, up 45% year-over-year.
- GAAP operating margin was (46)%, while Non-GAAP operating margin was (12)%.
- GAAP net loss per share was $(0.35), and Non-GAAP net loss per share was $(0.06).
- Dollar-Based Net Retention Rate was 128%.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$127M
Revenue by segment
GitLab · $127M total across 2 segments · Q1 2024
- Subscription—self-managed and SaaS$111M—87.6%
- License—self-managed and other$15.7M—12.4%
Forward guidance
GitLab expects revenue between $129.0 million and $130.0 million for Q2 FY2024, and between $541.0 million and $543.0 million for the full fiscal year 2024. They anticipate a non-GAAP operating loss between $(11.0) million and $(10.0) million for Q2 FY2024, and between $(47.0) million and $(43.0) million for the full fiscal year. The non-GAAP net loss per share is expected to be between $(0.03) and $(0.02) for Q2 FY2024, and between $(0.18) and $(0.14) for the full fiscal year.
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 2024
+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
| Quarter | Report date | Reaction (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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