NASDAQ$GTLB

GitLab · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

GitLab's Q4 2022 revenue increased by 69% year-over-year, with a Dollar-Based Net Retention Rate above 152%.

GitLab reported strong Q4 2022 financial results, with revenue increasing by 69% year-over-year. The company's Dollar-Based Net Retention Rate was above 152%. GitLab is focused on driving sustainable growth and improving profitability over the long term.

  • Total revenue was $77.8 million.
  • GAAP operating margin was (52)%; Non-GAAP operating margin was (35)%.
  • GAAP net loss per share was $(0.32); Non-GAAP net loss per share was $(0.16).
  • Dollar-Based Net Retention Rate above 152%.

Headline financials

Total Revenue

$77.8M

Previous: $152M-48.9%
EPS (adj)

-$0.16

Previous: -$3.82+95.8%
Customers >$5K ARR

4.6K

Previous: 4.6K+0.0%
Customers >$100K ARR

492

Previous: 492+0.0%
Dollar-Based Net Retention Rate

152.0%

Previous: 152.0%+0.0%
Capital Expenditures

$3.54M

No prior period
Free Cash Flow

-$4.64M

Previous: -$73.6M+93.7%
Net Income

-$46.8M

Previous: -$120M+61.0%
Operating Income

-$40.6M

Previous: -$128M+68.4%
Gross Profit

$68.6M

Previous: $39.9M+71.9%
Cash & Equivalents

$885M

Previous: $283M+212.8%
Total Assets

$1.09B

Previous: $363M+201.0%
Stock-Based Comp

$12.8M

Previous: $112M-88.6%

Revenue & EPS history

GitLab · Revenue · Quarterly

$77.8M

Q4 2022-48.9%vs Q4 2021
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

GitLab · $77.8M total across 2 segments · Q4 2022

  • Subscription—self-managed and SaaS
    $69.6M+71.9%
  • License—self-managed and other
    $8.18M+45.0%

Forward guidance

For the first quarter of fiscal year 2023, GitLab Inc. expects revenue between $77.0 million and $78.0 million and a non-GAAP operating loss between $(38.5) million and $(37.5) million.

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 Q4 2022

Historical avgQ4 2022

+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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