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The financials
GitLab Inc. by the numbers
GitLab Inc. (GTLB) reported revenue of $264M in Q1 2027 (quarter ended Apr 30, 2026), up 23% from the same quarter a year earlier. That came with a gross margin of 86% and net loss of $5.0M. For the full year FY2026, revenue was $955M (+26% year on year) and net income −$56M. Its largest product in Q1 2027 was Subscription And Circulation at $151M, 52% of the disclosed total, well ahead of Subscription Software As A Service at 31%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $264M | $215M | +23% |
| Gross profit | $227M | $189M | +20% |
| Operating income | −$16M | −$35M | n/a |
| Net income | −$5.0M | −$36M | n/a |
| Diluted EPS | −$0.03 | −$0.22 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Subscription And Circulation | $151M | 52% |
| Subscription Software As A Service | $88M | 31% |
| License Professional Services And Other | $25M | 8.6% |
| License | $18M | 6.3% |
| Professional Services And Other | $6.7M | 2.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2027Total $289.0M (+0.87%)
Subscription Software As A Service grew +37% year on yearSubscription And Circulation +16% year on year
Segment Latestquarter on quarteryear on year
- Subscription And Circulation$151.1M$151.1MQoQ -0.03%year on year +16%-0.03%+16%
- Subscription Software As A Service$88.2M$88.2MQoQ +6.1%year on year +37%+6.1%+37%
- License Professional Services And Other$24.9M$24.9MQoQ -4.9%year on year +24%-4.9%+24%
- License$18.2M$18.2MQoQ -9.8%year on year +21%-9.8%+21%
- Professional Services And Other$6.7M$6.7MQoQ +12%year on year +33%+12%+33%
Software - Infrastructure
Ranks #12 of 64 by Smart Score