Gitlab (US:GTLB) Benzingaยท2025-09-03 21:02Core Insights - GitLab reported Q2 earnings of 24 cents per share, exceeding the analyst estimate of 16 cents, with revenue of $235.96 million, surpassing the consensus estimate of $227.25 million and up from $182.58 million year-over-year [1][4] Financial Performance - Quarterly revenue increased by 29.3% year-over-year from $182.58 million to $235.96 million [1] - The number of customers with more than $5,000 of ARR reached 10,338, an increase of 11% year-over-year [5] - Customers with more than $100,000 of ARR reached 1,344, reflecting a 25% year-over-year increase [5] - Dollar-Based Net Retention Rate was reported at 121% [5] - Total Remaining Performance Obligations (RPO) grew 32% year-over-year to $988.2 million, while Current RPO (cRPO) grew 31% to $621.6 million [5] Future Outlook - GitLab anticipates Q3 adjusted EPS between 19 cents and 20 cents, aligning with the 19 cent estimate, and revenue of $238 million to $239 million, slightly below the $241.54 million analyst estimate [4] - The company raised its fiscal 2026 adjusted EPS guidance to a range of 82 cents to 83 cents, compared to the previous estimate of 75 cents [4] Strategic Commentary - GitLab's CEO emphasized the strength of its AI-native DevSecOps platform and the focus on customer-driven innovation [2] - The GitLab Duo Agent Platform is highlighted as a vision for human-AI collaboration throughout the software development lifecycle, offering flexibility and integration with various AI generation tools [3]