Core Insights - GitLab Inc. reported fourth-quarter results that exceeded analyst expectations, but shares fell over 7% intra-day due to lower-than-expected fiscal 2027 earnings guidance [1][2] Financial Performance - The company posted adjusted earnings per share of $0.30 for the quarter ended January 31, surpassing the analyst consensus of $0.23 [1] - Revenue increased by 23% year over year to $260.4 million, exceeding the $252 million estimate [1] - For the full fiscal year 2026, revenue totaled $955.2 million, marking a 26% year-over-year increase [4] Earnings Guidance - GitLab projected fiscal 2027 adjusted earnings per share between $0.76 and $0.80, significantly below the analyst consensus of $1.03, representing a 24% shortfall [2] - The company forecast fiscal 2027 revenue between $1.1 billion and $1.12 billion, with the midpoint of $1.11 billion exceeding the $1 billion consensus estimate by about 11% [2] Future Projections - For the first quarter of fiscal 2027, GitLab expects revenue of $253 million to $255 million and adjusted earnings per share between $0.20 and $0.21 [3] - Adjusted operating income is projected at $32 million to $34 million [3] Operational Metrics - Adjusted operating margin improved to 21% in the fourth quarter, up from 18% in the same period a year earlier [3] - GitLab generated $45.8 million in operating cash flow and $41.8 million in adjusted free cash flow during the quarter [3] Shareholder Actions - The board authorized a $400 million share repurchase program, reflecting confidence in the company's long-term growth outlook [4]
GitLab Shares Fall 7% Despite Q4 Beat as 2027 EPS Outlook Disappoints