NASDAQ$GTLB

GitLab · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

GitLab's Q3 2025 revenue reached $196.0 million, up 31% year-over-year, with significant GAAP and Non-GAAP operating margin expansion.

GitLab reported a strong third quarter in fiscal year 2025, with revenue reaching $196.0 million, a 31% increase year-over-year. The company also saw significant expansion in both GAAP and Non-GAAP operating margins. Bill Staples was appointed as CEO and Board Member, succeeding co-founder Sid Sijbrandij, who transitioned to Executive Chair of the GitLab Board of Directors.

  • Total revenue reached $196.0 million, representing a 31% increase year-over-year.
  • GAAP and Non-GAAP operating margins significantly expanded year-over-year.
  • Bill Staples was appointed as the new CEO and Board Member.
  • Customers with more than $100,000 of ARR reached 1,144, up 31% year-over-year.

Headline financials

Total Revenue

$196M

Previous: $150M+31.0%
EPS (adj)

$0.23

Previous: $0.09+155.6%
Capital Expenditures

-$2.61M

Previous: -$1.27M-105.5%
Free Cash Flow

$27M

Previous: -$286M+109.4%
Net Income

$29.6M

Previous: -$285M+110.4%
Operating Income

-$28.7M

Previous: -$40.3M+28.6%
Gross Profit

$174M

Previous: $135M+29.2%
R&D Expense

$61.4M

Previous: $49M+25.2%
Stock-Based Comp

$48M

Previous: $41.3M+16.2%

Revenue & EPS history

GitLab · Revenue · Quarterly

$196M

Q3 2025+31%vs Q3 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

GitLab · $150M total across 2 segments · Q3 2024

  • Subscription—self-managed and SaaS
    $131M+33.1%
  • License—self-managed and other
    $18.7M+28.4%

Forward guidance

GitLab expects for Q4 FY 2025 revenue between $205.0 - $206.0 million, non-GAAP operating income between $28.0 - $29.0 million, and non-GAAP diluted net income per share between $0.22 - $0.23. For the full fiscal year 2025, GitLab expects revenue between $753 - $754 million and non-GAAP diluted net income per share between $0.63 - $0.64.

Tailwinds

  • Revenue is expected to be between $205.0 - $206.0 million for Q4 FY 2025.
  • Non-GAAP operating income is projected to be between $28.0 - $29.0 million for Q4 FY 2025.
  • Non-GAAP diluted net income per share is estimated to be between $0.22 - $0.23 for Q4 FY 2025.
  • Full fiscal year 2025 revenue is expected to be between $753 - $754 million.
  • Full fiscal year 2025 non-GAAP diluted net income per share is projected to be between $0.63 - $0.64.

Headwinds

  • Actual results may differ materially due to various factors.
  • These statements are forward-looking.
  • Uncertainty of expenses that may be incurred in the future.
  • A reconciliation of GAAP to non-GAAP financial measures has been provided.
  • We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted.

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 2025

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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