GitLab Reports Third Quarter Fiscal Year 2026 Financial Results

Core Insights - GitLab reported a strong financial performance for Q3 FY 2026, achieving a 25% year-over-year revenue growth, totaling $244.4 million [2][3][7] - The company is focused on sustainable growth and strategic investments while generating free cash flow [2][3] - GitLab appointed Jessica Ross as the new Chief Financial Officer, effective January 15, 2026, bringing over 25 years of experience [4][8] Financial Highlights - Revenue for Q3 FY 2026 was $244.4 million, up from $196.0 million in Q3 FY 2025, representing a 25% increase [3][7] - GAAP gross margin decreased slightly to 87% from 89% year-over-year, while non-GAAP gross margin also decreased to 89% from 91% [3] - GAAP operating margin improved to (5)% from (15)% year-over-year, and non-GAAP operating margin increased to 18% from 13% [3][7] - Non-GAAP operating income rose to $43.7 million from $25.9 million, a $17.8 million increase [3] - GAAP net loss attributable to GitLab was $(8.3) million, compared to a profit of $29.1 million in the previous year [3][7] Operational Metrics - The number of customers with more than $5,000 of Annual Recurring Revenue (ARR) reached 10,475, a 10% increase year-over-year [7] - Customers with more than $100,000 of ARR increased by 23% to 1,405 [7] - The Dollar-Based Net Retention Rate was reported at 119% [7] - Total Remaining Performance Obligations (RPO) grew 27% year-over-year to $1.0 billion, while current RPO (cRPO) increased by 28% to $659.1 million [7] Business Developments - GitLab was recognized as a Leader in the Gartner Magic Quadrant for DevOps Platforms for the third consecutive year and for AI Code Assistants for the second consecutive year [8] - The company expanded its GitLab Duo Agent Platform with new AI capabilities and enhanced application security features [8]