GitLab Earnings: Guidance Falls Short
Here's our initial take on GitLab's (NASDAQ: GTLB) fiscal 2026 first-quarter financial report.
GitLab beat analyst expectations in the first quarter of fiscal 2026, reporting revenue of $214.5 million, up 27% year over year, and adjusted earnings per share of $0.17. Adjusted free cash flow nearly tripled from the prior-year period, and the company narrowed its GAAP operating loss considerably.
The company's dollar-based net retention rate, which measures how quickly existing customers are expanding spending, was a healthy 122% in the first quarter (but fell 7 percentage points year over year). The number of large customers spending at least $100,000 annually jumped 26% to 1,288, a sign that the company is winning more enterprise customers. The company announced GitLab 18 in May, the latest version of its DevSecOps platform that features built-in AI capabilities.
Source Fool.com
