Gitlab (GTLB) - 2026 Q4 - Annual Results

Revenue Growth - Total revenue for Q4 FY 2026 was $260.4 million, representing a 23% year-over-year increase[3] - Fiscal Year 2026 total revenue reached $955.2 million, up 26% year-over-year[4] - Total revenue for the three months ended January 31, 2026, was $260.402 million, compared to $211.431 million for the same period in 2025, marking an increase of 23.1%[24] - Annual Recurring Revenue (ARR) for the fiscal year ended January 31, 2026, reached $955.224 million, up from $759.249 million in the previous year, representing a growth of 25.8%[24] - Customers with more than $5,000 of ARR reached 10,682, an 8% increase year-over-year[8] Profitability and Margins - GAAP operating margin improved to (2)% in Q4 FY 2026 from (9)% in Q4 FY 2025[3] - Non-GAAP operating income for Q4 FY 2026 was $53.4 million, compared to $37.4 million in Q4 FY 2025, marking a 43% increase[3] - Gross profit for the fiscal year ended January 31, 2026, was $834.481 million, up from $674.109 million in the previous year, indicating a gross margin improvement[24] - Gross profit on a GAAP basis for the three months ended January 31, 2026, was $225,420 thousand, representing a gross margin of 87%, down from 89% in the same period of 2025[28] - Non-GAAP gross profit for the same period was $231,411 thousand, with a non-GAAP gross margin of 89%, compared to 91% in the prior year[28] Cash Flow and Expenses - Non-GAAP adjusted free cash flow for FY 2026 was $219.6 million, up 99.6% from FY 2025[4] - Cash provided by operating activities for the three months ended January 31, 2026, was $45,757 thousand, a decrease from $63,222 thousand in the same period of 2025[26] - Operating expenses for the three months ended January 31, 2026, totaled $230.584 million, compared to $207.900 million in the same period last year, reflecting an increase of 10.9%[24] - Research and development expenses on a GAAP basis for the three months ended January 31, 2026, were $68,961 thousand, compared to $62,885 thousand in the same period of 2025[28] - Sales and marketing expenses on a GAAP basis for the three months ended January 31, 2026, were $112,581 thousand, an increase from $98,753 thousand in the same period of 2025[28] Shareholder Value - GitLab's Board authorized a $400 million share repurchase program, reflecting confidence in the business[8] - GitLab's total stockholders' equity increased to $1.036 billion as of January 31, 2026, compared to $821.306 million a year prior, representing a growth of 26.2%[22] Net Income and Loss - The net loss attributable to GitLab for the fiscal year ended January 31, 2026, was $55.956 million, compared to a loss of $6.326 million in the previous year[24] - The company reported a net income (loss) per share attributable to GitLab Class A and Class B common stockholders of $(0.34) for the fiscal year ended January 31, 2026[24] - Net income for the three months ended January 31, 2026, was $(3,513) thousand, compared to $6,315 thousand for the same period in 2025[26] - GitLab's non-GAAP net income attributable to common stockholders for the fiscal year ended January 31, 2026, was $165.535 million, compared to $124.841 million for the previous year, reflecting a year-over-year increase of 32.5%[29] - The company reported a GAAP net loss per share, diluted, of $(0.34) for the fiscal year ended January 31, 2026, compared to $(0.04) for the previous year[29] Assets and Liabilities - Cash and cash equivalents as of January 31, 2026, were $229.576 million, slightly up from $227.649 million a year earlier[22] - Total assets increased to $1.722 billion as of January 31, 2026, from $1.399 billion in the previous year, reflecting a growth of 23.1%[22] Tax and Foreign Exchange - GitLab's income tax adjustment for the fiscal year ended January 31, 2026, included a provision for income taxes based on a long-term projected tax rate of 22%[29] - The company reported a decrease in foreign exchange losses, netting $19.465 million for the fiscal year ended January 31, 2026, compared to a loss of $(9.416) million in the previous year[29] New Initiatives - GitLab Duo Agent Platform launched, enhancing intelligent orchestration across the software lifecycle[8]