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Earnings transcript
Read the complete earnings call transcript.
GTLB
GitLab Inc.
$49.23
-1.04
(-2.07%)
| Exchange: | NASDAQ |
| Market Cap: | 8.315B |
| Shares Outstanding: | 132.492M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | Software – ApplicationView industry performance | |||||
| CEO: | William Staples | |||||
| Full Time Employees: | 2580 | |||||
| Address: |
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| Website: | https://about.gitlab.com |
GitLab Inc., through its various operating entities, specializes in developing software solutions that facilitate the entire software development lifecycle. The company’s operations span the United States, Europe, and the Asia Pacific regions. Its primary offering is GitLab, a unified DevOps platform. This single application is engineered to boost development speed, offering extensive visibility and precise command over every phase of the DevOps workflow. The platform’s objective is to enable businesses to effectively plan, build, secure, and release software, thereby driving positive business results. Additionally, GitLab Inc. provides a range of associated training and expert consultation services. Founded in 2011, the enterprise was initially known as GitLab B.V. before officially adopting the name GitLab Inc. in July 2015. The firm’s main offices are located in San Francisco, California.
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Revenue Segmentation
GTLB full analysis
Hey everyone, welcome back to MarketSnap. GitLab just dropped its Q2 earnings and the stock shot up over twenty percent in a single day — but here's the catch: shares had already rallied nearly fifty percent in the three months leading into that report. So the real question isn't whether the quarter was good — it's whether the market just got ahead of itself, or if this is the beginning of a much bigger re-rating story. Let's set the stage.…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| GTLB | GitLab Inc. | 8.3B | — | 55.3 | -9.0% |
 IDCC | InterDigital, Inc. | 8.3B | 29.8 | 35.6 | 16.9% |
 YMM | Full Truck Alliance Co. Ltd. | 8.5B | 32.6 | 11.4 | 8.1% |
 OCFT | OneConnect Financial Technology Co., L… | 8.6B | — | 30.0 | -35.2% |
 PCOR | Procore Technologies, Inc. | 7.7B | — | 30.5 | -4.0% |
 PCTY | Paylocity Holding Corporation | 7.7B | 28.4 | 17.7 | 18.4% |
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 579,906 | 759,249 | 955,224 |
| Gross Profit | 520,198 | 674,109 | 834,481 |
| EBITDA | -157,856 | -74,807 | -36,720 |
| Operating Income | -187,440 | -142,715 | -70,481 |
| Net Income | -425,677 | -6,326 | -55,956 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 1,317,861 | 1,399,263 | 1,722,747 |
| Total Liabilities | 715,011 | 577,957 | 686,499 |
| Total Stockholders Equity | 559,771 | 775,909 | 990,668 |
| Total Debt | 410 | 392 | 0 |
| Cash and Cash Equivalents | 287,996 | 227,649 | 229,576 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 35,040 | -63,971 | 232,856 |
| Capital Expenditure | -1,598 | -3,765 | -10,827 |
| Free Cash Flow | 33,442 | -67,736 | 222,029 |
| Net Income | -424,174 | -5,227 | -55,956 |
| Net Change in Cash | -9,906 | -60,347 | 1,927 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,925,958.874 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,051,629.617 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,954,300 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 361,619.650 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 391,238.624 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 368,299.831 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 279,799.107 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 303,639.489 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 285,176.001 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 1,659,967.977 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,768,282.548 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,684,394.958 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.720 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 1.830 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.690 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Growth and Operational Efficiency: GitLab reported a 29% year-over-year increase in Q4 FY2025 revenue, demonstrating robust top-line expansion. This growth is complemented by a high gross profit margin, indicating efficient cost management relative to revenue generation.
- Solid Balance Sheet and Liquidity: The company maintains a strong liquidity position, evidenced by a current ratio and quick ratio that suggest ample short-term assets to cover liabilities. A manageable debt-to-equity ratio further underscores financial stability, providing a buffer for operational and strategic initiatives.
- Strategic Focus on AI and Innovation: The company is actively integrating AI capabilities into its DevSecOps platform, a strategic move aligned with current industry trends. This focus on product innovation is positioned to drive future customer acquisition and expansion, reinforcing its competitive edge in the software market.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates GTLB intrinsic value between $3.03 – $3.19 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about GTLB valuation
Is GitLab Inc. (GTLB) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for GitLab Inc. (GTLB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GTLB a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GTLB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GTLB’s P/E ratio?
You can see GTLB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GTLB?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GTLB a good long-term investment?
Whether GTLB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GTLB
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Daily snapshot
-2.07
Trading Metrics:
| Open: | 50.67 | Previous Close: | 50.27 | |
| Day Low: | 49.1 | Day High: | 50.67 | |
| Year Low: | 18.73 | Year High: | 55.55 | |
| Price Avg 50: | 39.98 | Price Avg 200: | 31.83 | |
| Volume: | 5.948M | Average Volume: | 5.529M |
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