Core Insights - GitLab reported a strong financial performance for Q3 FY 2026, achieving a 25% year-over-year revenue growth, totaling $244.4 million [2][3][7] - The company is focused on sustainable growth and strategic investments while generating free cash flow [2][3] - GitLab appointed Jessica Ross as the new Chief Financial Officer, effective January 15, 2026, bringing over 25 years of experience [4][8] Financial Highlights - Revenue for Q3 FY 2026 was $244.4 million, up from $196.0 million in Q3 FY 2025, representing a 25% increase [3][7] - GAAP gross margin decreased slightly to 87% from 89% year-over-year, while non-GAAP gross margin also decreased to 89% from 91% [3] - GAAP operating margin improved to (5)% from (15)% year-over-year, and non-GAAP operating margin increased to 18% from 13% [3][7] - Non-GAAP operating income rose to $43.7 million from $25.9 million, a $17.8 million increase [3] - GAAP net loss attributable to GitLab was $(8.3) million, compared to a profit of $29.1 million in the previous year [3][7] Operational Metrics - The number of customers with more than $5,000 of Annual Recurring Revenue (ARR) reached 10,475, a 10% increase year-over-year [7] - Customers with more than $100,000 of ARR increased by 23% to 1,405 [7] - The Dollar-Based Net Retention Rate was reported at 119% [7] - Total Remaining Performance Obligations (RPO) grew 27% year-over-year to $1.0 billion, while current RPO (cRPO) increased by 28% to $659.1 million [7] Business Developments - GitLab was recognized as a Leader in the Gartner Magic Quadrant for DevOps Platforms for the third consecutive year and for AI Code Assistants for the second consecutive year [8] - The company expanded its GitLab Duo Agent Platform with new AI capabilities and enhanced application security features [8]

Core Insights - GitLab Inc. is a significant player in the software industry, recognized for its DevOps platform that enhances the software development lifecycle [1] - The consensus price target for GitLab's stock has declined over the past year, indicating a more conservative outlook from analysts, with the latest target at $44 compared to $58.38 a year ago [2][5] - Analyst Joel Fishbein from Truist Financial has set a higher price target of $95, reflecting confidence in GitLab's growth potential [2][5] Financial Performance Expectations - GitLab is expected to report strong revenue growth in Q3, driven by increasing enterprise adoption and the momentum of AI-native DevSecOps [3] - The company's strategic focus on security and reliability, along with a new hybrid pricing model, is anticipated to lead to significant margin expansion and revenue growth [3][5] Market Position and Valuation - Despite concerns regarding AI disruption, GitLab is viewed as undervalued, with operational leverage from AI tools enhancing its outlook [4] - The growth of customer cohorts is accelerating, supporting a positive risk/reward profile for GitLab [4]

Key Takeaways GitLab expects Q3 revenues of $238-$239M, implying roughly 23% year-over-year growth.GTLB's AI-native DevSecOps platform and GitLab Dedicated are expected to support top-line gains. Strong net retention and rising large-customer counts highlight continued expansion in Q3. GitLab (GTLB) is set to release its third-quarter fiscal 2026 results on Dec. 2, 2025.The company expects third-quarter fiscal 2026 revenues between $238 million and $239 million, indicating an approximate growth of 23% year ...

Group 1 - Cathie Wood's ARK Invest has aggressively rebalanced its portfolio, notably selling nearly 855,000 shares of GitLab, including a significant sale of 208,528 shares worth approximately $8.5 million on November 28 [1][5] - The firm also reduced positions in Iridium, Ibotta, and Exact Sciences while increasing investments in its Bitcoin ETFs, indicating a strategic shift towards cryptocurrency [2][6] - Wood's bullish forecast for Bitcoin, predicting a price range of $1.2 to $1.5 million by 2030, is driving the increased focus on crypto investments [3] Group 2 - GitLab's stock has declined over 27% year-to-date, contrasting with the broader tech sector's positive performance, raising questions about the stock's recent downturn despite its strong product offering [7][8] - The company's challenges in 2025 have contributed to Wood's decision to trim her holdings, reflecting a cautious approach to stocks with cooling momentum [4][9]

GitLab Inc. (NASDAQ:GTLB) will release earnings results for the third quarter after the closing bell on Tuesday, Dec. 2.Analysts expect the Providence, Rhode Island-based company to report quarterly earnings at 20 cents per share, down from 23 cents per share in the year-ago period. The consensus estimate for GitLab's quarterly revenue is $239.32 million, compared to $196.05 million a year earlier, according to data from Benzinga Pro.On Sept. 3, GitLab reported quarterly earnings of 24 cents per share, whic ...

Core Insights - GitLab's stock has experienced a significant decline of over 60% from its 2021 highs, despite a partial recovery this year, raising questions about whether its improving fundamentals can lead to sustained growth in stock valuation [6] - Stadium Capital Management reduced its stake in GitLab by selling 61,700 shares in Q3, resulting in a decrease in the position's value by approximately $2.8 million, now holding 84,683 shares valued at $3.8 million [2][3] Company Overview - GitLab operates as a leading provider of DevOps lifecycle software, focusing on accelerating development and improving team visibility through a subscription-based business model [5] - The company reported a market capitalization of $6.8 billion, with a revenue of $858 million and a net income of -$9.1 million for the trailing twelve months (TTM) [4] Financial Performance - In Q2, GitLab's revenue rose by 29% year-over-year to $236 million, with a non-GAAP operating margin expanding to 17% [7] - The company generated $49.4 million in operating cash flow, a significant increase from $11.7 million a year earlier, indicating strong cash generation capabilities [7] Market Position - After the sale, GitLab accounted for 4.1% of Stadium Capital's 13F assets under management (AUM), down from 6.1% in the previous quarter [3] - GitLab shares were priced at $41.06, having underperformed the S&P 500, which increased by 14% over the same period [3]

Industry Overview - The AI industry is experiencing rapid expansion, presenting significant investment opportunities due to rising demand for AI-driven technologies [1] - The market is expected to become more fragmented, allowing for a broader range of companies to benefit from AI growth [2] Company Analysis: Alphabet - Alphabet's vertically integrated AI infrastructure and diverse revenue streams support its growth, with over 2 billion daily users providing a substantial distribution advantage [3] - The company primarily generates revenue from advertising, with AI tools like Gemini optimizing ad performance and expanding query volume in Google Search [4] - AI initiatives are crucial for the growth of Google Cloud, attracting clients with custom AI chips that enhance performance and reduce costs [5] - Alphabet's AI technology extends beyond search and cloud, with applications in autonomous vehicles through Waymo and healthcare via Isomorphic Laboratories and Verily [7] - The latest AI model, Gemini 3, shows significant advancements in reasoning and multimodal understanding, enhancing its capabilities in complex tasks [8] - Alphabet generates substantial profits, funding its AI infrastructure investments, and despite a nearly 60% stock increase in 2025, it remains undervalued with a forward P/E ratio around 30 [9] Company Analysis: GitLab - GitLab's stock has declined about 40% this year due to leadership changes and conservative revenue guidance amid competitive pressures [10] - The company offers a web-based platform for software development, available as both SaaS and self-managed solutions [11] - GitLab integrates AI across its software development lifecycle with features like GitLab Duo, enhancing developer productivity [13] - The company reported a total revenue of $236 million in the latest quarter, a 29% year-over-year increase, with a non-GAAP operating income of $39.6 million [14] - GitLab's customer base for high-value accounts increased by 25% year-over-year, and it has a dollar-based net retention rate of 121%, indicating strong customer spending growth [15] - The transition to a hybrid pricing model linked to its AI-powered platform is viewed as a key growth driver [15]

Core Insights - GitLab Inc. is a significant player in the DevSecOps platform industry, providing tools for software development, security, and operations [1] - The company is set to release its quarterly earnings on December 2, 2025, with Wall Street anticipating an earnings per share of $0.20 and projected revenue of $239.3 million [1][5] - The upcoming financial results will cover the third quarter of fiscal year 2026, ending on October 31, 2025, and will be disclosed after U.S. markets close [2] Financial Metrics - GitLab's price-to-sales ratio is 7.79, indicating that investors are willing to pay $7.79 for every dollar of sales, reflecting confidence in the company's revenue-generating potential [3][5] - The enterprise value to sales ratio is slightly lower at 7.49, suggesting a similar valuation perspective [3] - GitLab's enterprise value to operating cash flow ratio is high at 153.49, indicating a high valuation relative to its cash flow, which may imply expectations of significant future growth [4] - The current ratio of 2.60 demonstrates GitLab's strong ability to cover short-term liabilities with short-term assets, showcasing financial stability [4][5]

Core Insights - GitLab and Atlassian are pivotal in the enterprise DevSecOps and software workflow landscape, aiding engineering teams in planning, building, securing, and shipping software at scale as AI transforms code management [1][2] - The DevSecOps market is projected to grow from $10 billion in 2025 to $37 billion by 2035, with a CAGR of 14%, indicating a shift towards secure, integrated, automation-heavy DevOps tools [2] GitLab Overview - GitLab offers a unified, security-native DevSecOps platform that integrates source code, CI/CD automation, vulnerability scanning, policy enforcement, and deployment into a single environment, addressing multi-tool sprawl [4][5] - The platform's AI integration enhances automation, contextual code suggestions, and security remediation within CI/CD pipelines, reducing manual steps and accelerating secure releases [5][6] - GitLab's fiscal 2026 EPS is estimated at 83 cents, reflecting a 12.16% year-over-year increase, driven by rising demand for integrated DevSecOps automation [6] Atlassian Overview - Atlassian provides a complementary approach to DevSecOps, focusing on coordination, governance, and workflow orchestration through tools like Jira, Bitbucket, and Confluence [7][8] - Recent AI enhancements in Atlassian's tools improve issue detection, workflow optimization, and auditability, which are crucial for maintaining governance in fast-paced development cycles [9][10] - The fiscal 2026 EPS estimate for Atlassian is $4.70, indicating a 27.72% year-over-year increase, showcasing its role as a governance backbone in modern DevSecOps [10] Performance Comparison - Year-to-date, GitLab shares have declined by 24.5%, while Atlassian shares have dropped by 40.8%, indicating steadier demand for GitLab's security-native platform compared to Atlassian's broader suite [11] - GitLab trades at a forward price-to-sales ratio of 6.5X, slightly above Atlassian's 5.64X, reflecting its focused approach to end-to-end DevSecOps and stronger AI monetization potential [14] Conclusion - Both GitLab and Atlassian benefit from the increasing adoption of DevSecOps, but GitLab's unified architecture and deeper AI integration provide a competitive edge in the current market [18]

Core Insights - GitLab Inc. will have its CEO Bill Staples and Interim CFO James Shen present at the UBS Global Technology and AI Conference on December 4, 2025 [1] Company Information - The presentation will take place in Scottsdale, Arizona, at 10:15 a.m. Mountain Time [1] - The event will be available for live webcast [1]