NASDAQ$GTLB
GitLab · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
GitLab's third quarter of fiscal year 2024 financial results were reported, showing revenue growth and progress towards profitability.
GitLab reported a strong Q3 FY2024 with revenue of $149.7 million, up 32% year-over-year. The company achieved its first quarter of non-GAAP operating profit while continuing investments in key product areas.
- Total revenue reached $149.7 million, a 32% increase year-over-year.
- GAAP operating margin was (27)%, while non-GAAP operating margin was 3%.
- GAAP net loss per share was $(1.84), and non-GAAP net income per share was $0.09.
- Customers with ARR over $100,000 increased by 37% year-over-year.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$150M
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 $157.0 million and $158.0 million for Q4 FY2024, and between $573.0 million and $574.0 million for the full fiscal year 2024. Non-GAAP operating income is expected to be between $5.0 million and $6.0 million for Q4 FY2024, and between $(10.0) million and $(9.0) million for the full fiscal year 2024.
Tailwinds
- Revenue is expected to be between $157.0 million and $158.0 million for Q4 FY2024.
- Full year revenue is projected to be between $573.0 million and $574.0 million.
- Non-GAAP operating income is expected to be between $5.0 million and $6.0 million for Q4 FY2024.
- Non-GAAP net income per share is projected to be between $0.08 and $0.09 for Q4 FY2024.
- Full year non-GAAP net income per share is expected to be between $0.12 and $0.13.
Headwinds
- Non-GAAP operating income is expected to be between $(10.0) million and $(9.0) million for the full fiscal year 2024.
- Actual results may differ materially due to various factors.
- These statements are forward-looking.
- The company has not provided the most directly comparable GAAP financial guidance measures.
- A reconciliation of non-GAAP guidance for operating loss and net loss per share to the corresponding GAAP measures is not available.
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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro