Gitlab (US:GTLB) Businesswire·2025-12-03 03:19Core Insights - GitLab reported strong financial results for the third quarter of fiscal year 2026, achieving a 25% year-over-year revenue growth, totaling $244.4 million [2][3][4] - The company is focused on sustainable growth and strategic investments while maintaining positive cash flow [2][3] - GitLab's non-GAAP operating margin improved to 18%, compared to a loss of 5% in GAAP terms [3][5] Financial Highlights - Total revenue reached $244.4 million, up 25% from $196.0 million in the same quarter last year [3][4] - GAAP operating margin was (5)%, while non-GAAP operating margin was 18% [3][5] - Non-GAAP net income attributable to GitLab was $43.5 million, compared to $39.1 million a year ago, reflecting a 4.4 million increase [5] - Operating cash flow was $31.4 million, with non-GAAP adjusted free cash flow at $27.2 million [3][4] Customer Metrics - Customers with more than $5,000 of Annual Recurring Revenue (ARR) increased by 10% year-over-year, reaching 10,475 [9] - Customers with more than $100,000 of ARR grew by 23% year-over-year, totaling 1,405 [9] - The Dollar-Based Net Retention Rate was reported at 119% [9] Business Developments - GitLab appointed Jessica Ross as Chief Financial Officer, effective January 15, 2026, bringing over 25 years of experience [6][10] - The company was recognized as a leader in the Gartner Magic Quadrant for DevOps Platforms for the third consecutive year [10] - GitLab expanded its Duo Agent Platform with new AI capabilities and enhanced application security features [10]