Revenue and Financial Performance - Total revenue for Q3 FY 2025 reached $196.0 million, a 31% year-over-year increase[2][4] - Total revenue for the three months ended October 31, 2024, increased to $196.0 million, up from $149.7 million in the same period last year, representing a 31% growth[23] - Subscription revenue for the three months ended October 31, 2024, reached $175.3 million, a 34% increase compared to $131.0 million in the prior year period[23] - Q4 FY 2025 revenue guidance is projected between $205.0 million and $206.0 million, with full-year FY 2025 revenue expected to be between $753 million and $754 million[9] - Net income attributable to GitLab for the three months ended October 31, 2024, was $29.6 million, compared to a net loss of $285.2 million in the prior year period[23] - Net income for the three months ended October 31, 2023 was $28,267, compared to a net loss of $(286,355) in the same period last year[25] - Net income attributable to GitLab common stockholders on a GAAP basis for Q3 2024 was $29.6 million, compared to a loss of $285.2 million in Q3 2023[27] - Non-GAAP net income for Q3 2024 was $39.1 million, up from $14.4 million in Q3 2023[28] - GAAP net income per share, diluted, for Q3 2024 was $0.18, compared to a loss of $1.84 per share in Q3 2023[28] - Non-GAAP net income per share, diluted, for Q3 2024 was $0.23, up from $0.09 in Q3 2023[28] Operating Margins and Profitability - GAAP operating margin improved to (15)% from (27)% year-over-year, while Non-GAAP operating margin expanded to 13% from 3%[4] - Non-GAAP operating income for Q4 FY 2025 is forecasted to be between $28.0 million and $29.0 million, with full-year guidance of $69 million to $70 million[9] - Gross profit for the three months ended October 31, 2024, was $173.9 million, up 29% from $134.6 million in the same period last year[23] - Gross profit on GAAP basis for Q3 2024 was $173.9 million, compared to $134.6 million in Q3 2023, with a gross margin of 89% for both periods[27] - Non-GAAP gross profit for Q3 2024 was $178.4 million, with a gross margin of 91%, consistent with Q3 2023[27] Customer Growth and Retention - Customers with more than $100,000 of ARR grew 31% year-over-year to 1,144[6] - Dollar-Based Net Retention Rate stood at 124%[6] - Total RPO increased 48% year-over-year to $811.8 million, with cRPO growing 39% to $515.2 million[6] Expenses and Investments - Sales and marketing expenses for the three months ended October 31, 2024, were $95.3 million, up 10% from $87.0 million in the prior year period[23] - Research and development expenses for the three months ended October 31, 2024, were $61.4 million, up 25% from $49.1 million in the prior year period[23] - Research and development expenses on a GAAP basis for Q3 2024 were $61.4 million, up from $49.1 million in Q3 2023[27] - Sales and marketing expenses on a GAAP basis for Q3 2024 were $95.3 million, compared to $87.0 million in Q3 2023[27] - Stock-based compensation expense for the three months ended October 31, 2023 was $48,042, up from $41,334 in the prior year period[25] - Stock-based compensation expense for Q3 2024 was $48.0 million, up from $41.3 million in Q3 2023[27] Cash Flow and Financial Position - Cash and cash equivalents decreased to $176.6 million as of October 31, 2024, from $288.0 million as of January 31, 2024[21] - Total current assets decreased to $1,192.2 million as of October 31, 2024, from $1,280.9 million as of January 31, 2024[21] - Total liabilities decreased to $482.4 million as of October 31, 2024, from $699.9 million as of January 31, 2024[21] - Total stockholders' equity increased to $770.2 million as of October 31, 2024, from $617.9 million as of January 31, 2024[21] - Net cash used in operating activities for the three months ended October 31, 2023 was $(177,028), compared to $(5,961) in the same period last year[25] - Purchases of short-term investments for the three months ended October 31, 2023 totaled $(240,136), compared to $(238,680) in the prior year period[25] - Proceeds from maturities of short-term investments for the three months ended October 31, 2023 were $148,763, down from $253,995 in the same period last year[25] - Net cash provided by financing activities for the three months ended October 31, 2023 was $2,922, compared to $4,715 in the prior year period[25] - Cash and cash equivalents at end of period October 31, 2023 were $176,632, down from $285,309 at the end of the same period last year[25] - Adjusted free cash flow for Q3 2024 was $9.7 million, compared to a negative $6.7 million in Q3 2023[29] Product and Market Recognition - GitLab announced the general availability of Advanced SAST for GitLab Ultimate customers, leveraging technology acquired with Oxeye[7] - GitLab was recognized as a Leader in the Gartner® Magic Quadrant™ for DevOps Platforms for the second consecutive year[7] Deferred Revenue and Accounts Receivable - Deferred revenue for the three months ended October 31, 2023 was $19,665, up from $14,270 in the prior year period[25] - Accounts receivable for the three months ended October 31, 2023 was $(32,883), compared to $(30,572) in the same period last year[25] - Accrued expenses and other current liabilities for the three months ended October 31, 2023 was $(220,071), compared to $244,674 in the prior year period[25]

GitLab (GTLB) shares have jumped 13.3% in a month, underperforming the Zacks Computer & Technology sector’s return of 0.7% and the Zacks Internet Software industry’s appreciation of 3%. The outperformance can be attributed to strong top-line growth expectations in fiscal 2025. Its expanding clientele has been a key catalyst. Solid adoption of its AI-powered DevSecOps platform is aiding prospects.GTLB expects total revenues between $742 million and $744 million, indicating a growth rate of 28% over fiscal 20 ...

NEW YORK, Nov. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of GitLab Inc. (NASDAQ: GTLB) between June 6, 2023 and March 4, 2024, both dates inclusive (the “Class Period”), of the important November 4, 2024 lead plaintiff deadline. SO WHAT: If you purchased GitLab securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO N ...

NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of GitLab Inc. (NASDAQ: GTLB) between June 6, 2023 and March 4, 2024, both dates inclusive (the “Class Period”), of the important November 4, 2024 lead plaintiff deadline. SO WHAT: If you purchased GitLab securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO N ...

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB). Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=110016&from=4 CLASS PERIOD: June 6, 2023 to March 4, 2024 ...

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB). Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=109661&from=3 CLASS PERIOD: June 6, 2023 to March 4, 2 ...

SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of GitLab Inc. (NASDAQ: GTLB) securities between June 6, 2023 and March 4, 2024, inclusive (the “Class Period”), have until November 4, 2024 to seek appointment as lead plaintiff of the GitLab class action lawsuit. Captioned Dolly v. GitLab Inc., No. 24-cv-06244 (N.D. Cal.), the GitLab class action lawsuit charges GitLab as well as certain of GitLab’s top executives with viola ...

SAN DIEGO, Oct. 29, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a deadline is coming up on November 4, 2024, in the lawsuit that was filed for certain investors in GitLab Inc. (NASDAQ: GTLB) shares Investors who purchased in excess of $100,000 in shares of GitLab Inc. (NASDAQ: GTLB) have certain options and there are short and strict deadlines running. Deadline: November 4, 2024. ThoseNASDAQ: GTLB investors should contact the Shareholders Foundation at [email protected] or call +1( ...

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of GitLab Inc. (NASDAQ: GTLB) between June 6, 2023 and March 4, 2024, both dates inclusive (the "Class Period"), of the important November 4, 2024 lead plaintiff deadline. SO WHAT: If you purchased GitLab securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NE ...

NEW YORK, Oct. 28, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of GitLab Inc. (NASDAQ: GTLB).Shareholders who purchased shares of GTLB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/gitlab-loss-submission-form/?id=109384&from=4 CLASS PERIOD: June 6, 2023 to March 4, 2024ALLE ...