NASDAQ$GTLB
GitLab · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
GitLab's Q2 2024 financial results were reported, showing revenue growth and continued business momentum.
GitLab reported Q2 FY2024 revenue of $139.6 million, a 38% increase year-over-year. The company's GAAP operating margin was (39)%, while the non-GAAP operating margin was (3)%. GAAP net loss per share was $(0.33), and non-GAAP net income per share was $0.01.
- Total revenue reached $139.6 million.
- GAAP operating margin was (39)%, while non-GAAP operating margin was (3)%.
- GAAP net loss per share was $(0.33), while non-GAAP net income per share was $0.01.
- Dollar-Based Net Retention Rate was 124%.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$140M
Revenue by segment
GitLab · $140M total across 2 segments · Q2 2024
- Subscription—self-managed and SaaS$122M+37.3%87.5%
- License—self-managed and other$17.5M+44.4%12.5%
Forward guidance
GitLab expects revenue between $140.0 million and $141.0 million for Q3 FY2024. They also anticipate a non-GAAP operating loss between $(6.0) million and $(5.0) million and a non-GAAP net loss per share between $(0.02) and $(0.01).
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 Q2 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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