NASDAQ$GTLB
GitLab · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
GitLab's Q1 2025 financial results were reported, showing strong revenue growth and operating margin expansion.
GitLab reported a 33% year-over-year increase in total revenue, reaching $169.2 million. The company also achieved significant GAAP and Non-GAAP operating margin expansion and generated positive operating cash flow for the first time in Q1.
- Total revenue reached $169.2 million, a 33% increase year-over-year.
- GAAP and Non-GAAP operating margins expanded significantly year-over-year.
- Operating cash flow was $38.1 million, and Non-GAAP adjusted free cash flow was $37.4 million.
- Customers with more than $100,000 of ARR reached 1,025, a 35% increase year-over-year.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$169M
Revenue by segment
GitLab · $150M total across 2 segments · Q3 2024
- Subscription—self-managed and SaaS$131M+33.1%87.5%
- License—self-managed and other$18.7M+28.4%12.5%
Forward guidance
GitLab expects revenue between $176.0 million and $177.0 million for Q2 FY2025 and between $733.0 million and $737.0 million for FY2025. Non-GAAP operating income is expected to be between $10.0 million and $11.0 million for Q2 FY2025 and between $34.0 million and $38.0 million for FY2025.
Tailwinds
- Revenue for Q2 FY2025 is projected to be between $176.0 million and $177.0 million.
- Revenue for FY2025 is projected to be between $733.0 million and $737.0 million.
- Non-GAAP operating income for Q2 FY2025 is expected to be between $10.0 million and $11.0 million.
- Non-GAAP operating income for FY2025 is expected to be between $34.0 million and $38.0 million.
- Non-GAAP diluted net income per share is expected to be $0.09 - $0.10 for Q2 FY2025 and $0.34 - $0.37 for FY2025.
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 2025
+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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