Gitlab Inc. SEC 10-Q Report

Gitlab Inc., a leading provider of The DevSecOps platform, has released its Form 10-Q report for the third quarter, showcasing significant improvements in both financial and operational metrics. The company's continued focus on innovation and customer expansion has driven notable growth across various segments.

Financial Highlights

• Total Revenue: $214.5 million, increased by 27% from the same period last year due to ongoing demand for The DevSecOps platform and expansion within existing paid customers.
• Gross Profit: $189.5 million, representing a gross margin of 88%, slightly down from 89% in the prior year due to increased hosting expenses.
• Loss from Operations: $(34.6) million, improved from a loss of $(53.6) million in the prior year, reflecting better cost management and increased revenue.
• Net Loss: $(36.3) million, improved from a net loss of $(55.5) million in the prior year, driven by increased revenue and operational efficiencies.
• Net Loss Per Share: $(0.22), improved from $(0.35) in the prior year, reflecting the company's efforts in cost management and revenue growth.

Business Highlights

• Revenue Segments: The company reported a 29% increase in subscription revenue for self-managed and SaaS offerings, driven by ongoing demand for The DevSecOps platform. License revenue for self-managed and other offerings increased by 11%, reflecting strong customer engagement and expansion within existing accounts.
• Geographical Performance: The United States remains the largest market, contributing significantly to total revenue, followed by Europe and Asia Pacific. The company continues to see growth across these regions, with the U.S. market showing the most substantial increase.
• Customer Segments: The number of customers with Annual Recurring Revenue (ARR) of $100,000 or more increased by 26% year-over-year, indicating strong market penetration and strategic demand for The DevSecOps platform.
• Future Outlook: The company plans to continue investing in research and development to enhance The DevSecOps platform and sustain its innovation and technology leadership. It also aims to expand its sales and marketing efforts to acquire new customers and increase sales to existing customers, both in the United States and internationally.
• Partnerships and Alliances: The company is focused on building and maintaining successful partnerships, alliances, channels, and integrations to broaden its distribution footprint and drive greater awareness of its brand and platform.
• Operational Efficiency: The company is committed to improving operational efficiency by eliminating manual work, increasing productivity, and fostering a culture of innovation and velocity. This is expected to enhance customer satisfaction and drive further adoption of The DevSecOps platform.

SEC Filing: Gitlab Inc. [ GTLB ] - 10-Q - Jun. 10, 2025