NASDAQ$GTLB
GitLab · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
GitLab's Q2 2025 financial results were reported, showing substantial year-over-year revenue growth and operating margin expansion.
GitLab reported a 31% year-over-year increase in total revenue, reaching $182.6 million. The company also demonstrated significant GAAP and Non-GAAP operating margin expansion and generated $11.7 million in operating cash flow and $10.8 million in Non-GAAP adjusted free cash flow.
- Total revenue reached $182.6 million, a 31% increase year-over-year.
- GAAP and Non-GAAP operating margins showed significant year-over-year expansion.
- Operating cash flow was $11.7 million and Non-GAAP adjusted free cash flow was $10.8 million.
- Customers with more than $100,000 of ARR reached 1,076, an increase of 33% year-over-year.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$183M
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 $187.0 million and $188.0 million for Q3 FY 2025 and between $742.0 million and $744.0 million for the full fiscal year 2025. Non-GAAP operating income is expected to be between $19.0 million and $20.0 million for Q3 FY 2025 and between $55.0 million and $58.0 million for the full fiscal year 2025. Non-GAAP diluted net income per share is expected to be between $0.15 and $0.16 for Q3 FY 2025 and between $0.45 and $0.47 for the full fiscal year 2025.
Tailwinds
- Revenue for Q3 FY 2025 is projected to be between $187.0 million and $188.0 million.
- Full year 2025 revenue is expected to range from $742.0 million to $744.0 million.
- Non-GAAP operating income for Q3 FY 2025 is forecasted to be between $19.0 million and $20.0 million.
- Non-GAAP operating income for the full year 2025 is projected to be between $55.0 million and $58.0 million.
- Non-GAAP diluted net income per share is expected to be between $0.15 and $0.16 for Q3 FY 2025.
Headwinds
- The forward-looking statements are subject to many factors that may cause actual results to differ materially.
- These factors include the ability to effectively manage growth.
- These factors include the ability to achieve and sustain profitability.
- These factors include the impact of security and privacy breaches.
- These factors include general economic conditions and slow or negative growth of the markets.
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 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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