GTLBNasdaqServices-Prepackaged SoftwareFiscal year ends January 31
Gitlab Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 2, 2026
$53.29+0.53 (+1.00%)
Close on Oct 19, 2026
- Market cap
- $8.99B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
87.4%−0.5 pts over 5 years
Operating margin
-7.4%+133.2 pts over 5 years
Net margin
-5.9%+120.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +25.8% | +31.1% | +44.4% | – | |
| Gross profit | +23.8% | +30.8% | +44.2% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -6.3% | |
| Return on assets | – | – | -3.6% | |
| Current ratio | – | 2.74 | 2.54 | |
| Capex to revenue | – | 0.0% | 1.1% | |
| Diluted shares | – | 50M | 167M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Gitlab generated $459.09M from operations and spent $26.39M on capital expenditure, dividends and share buybacks. 98% of that went back into the business.
Generated
$459.09M
Used
$26.39M
Capital expenditure$25.80M98%Dividends$00%Share buybacks$590.00K2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-5.9%
×Asset turnover0.61×
×Equity multiplier1.77×
=Return on equity, FY2026-6.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -5.9% | 0.61× | 1.77× | -6.3% |
| FY2025 | -0.8% | 0.56× | 2.04× | -0.9% |
| FY2024 | -73.4% | 0.47× | 1.87× | -64.0% |
| FY2023 | -40.9% | 0.38× | 1.46× | -22.4% |
| FY2022 | -61.4% | 0.35× | 2.67× | -57.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$55.96M
- Cash generatingOperating cash flow above zero$232.86M
- Return on assets improvedROA up on the prior year-0.5% → -4.0%
- Earnings backed by cashOperating cash flow above net income$232.86M vs -$55.96M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.45 → 2.54
- No dilutionShare count did not rise161M → 167M
- Gross margin improvedGross margin up on the prior year88.79% → 87.36%
- More efficientAsset turnover rose0.57 → 0.68