Gitlab (US:GTLB) Benzingaยท2025-06-10 20:18Core Insights - GitLab reported quarterly earnings of 17 cents per share, exceeding the analyst consensus estimate of 15 cents, with quarterly revenue of $214.51 million, surpassing the Street estimate of $213.16 million [1][2] Financial Performance - For the first quarter of fiscal 2026, GitLab's revenue growth reflects the effectiveness of its AI-native DevSecOps platform, which aims to enhance software delivery for customers [2] - The company anticipates second-quarter adjusted EPS between 16 and 17 cents, slightly above the 16 cent estimate, and revenue between $226 million and $227 million, compared to the $227.16 million analyst estimate [3] Customer Metrics - GitLab reported an increase in customers with more than $5,000 of ARR to 10,104, marking a 13% year-over-year growth [4] - Customers with more than $100,000 of ARR reached 1,288, reflecting a 26% year-over-year increase [4] - The Dollar-Based Net Retention Rate stood at 122% [4] Contractual Obligations - Total Remaining Performance Obligations (RPO) grew 40% year-over-year to $955.1 million, while Current Remaining Performance Obligations (cRPO) increased 34% to $584.8 million [4]