NASDAQ$GTLB
GitLab · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
GitLab's Q4 2024 financial results were reported, showing revenue growth and continued business momentum.
GitLab reported a strong fourth quarter with revenue of $163.8 million, up 33% year-over-year. The company achieved significant non-GAAP operating margin expansion and breakeven cash flow, driven by enterprise customer standardization and AI integration in the DevSecOps platform.
- Total revenue reached $163.8 million, a 33% increase year-over-year.
- GAAP operating margin was (21)%, while non-GAAP operating margin was 8%.
- GAAP net loss per share was $(0.23), and non-GAAP net income per share was $0.15.
- Dollar-Based Net Retention Rate was 130%.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$164M
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
For Q1 2025, GitLab expects revenue of $165.0 - $166.0 million and non-GAAP operating loss of $(13.0) - $(12.0) million. For FY 2025, GitLab expects revenue of $725.0 - $731.0 million and non-GAAP operating income of $5.0 - $10.0 million.
Tailwinds
- Revenue is expected to be between $165.0 million and $166.0 million.
- Non-GAAP operating loss is projected to be between $(13.0) million and $(12.0) million.
- Non-GAAP diluted net loss per share is expected to be between $(0.05) and $(0.04).
- Revenue is projected to be between $725.0 million and $731.0 million.
- Non-GAAP operating income is expected to be between $5.0 million and $10.0 million.
Headwinds
- These statements are forward-looking and actual results may differ materially as a result of many factors.
- A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release.
- 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.
- Accordingly, a reconciliation of non-GAAP guidance for operating income (loss) and net income (loss) per share to the corresponding GAAP measures is not available.
- Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.
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 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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