Gitlab Shares Fall Despite Q1 Earnings Beat, Revenues Up Y/Y

Key Takeaways GTLB posted Q1 non-GAAP earnings of 17 cents per share, topping estimates and up from 3 cents a year earlier. Revenue rose 27% to $214.4M, driven by strong DevSecOps demand and SaaS growth of 35% Y/Y. GTLB shares fell 13% post-earnings on AI competition worries and uncertainty in the public sector.GitLab (GTLB) reported first-quarter fiscal 2026 non-GAAP earnings of 17 cents per share, beating the Zacks Consensus Estimate by 13.33%. The company reported earnings of 3 cents per share in the y ...