GitLab beats Q4 revenue estimates; authorizes $400 mln buyback

GitLab

03/03/2026 21:15

Overview

DevSecOps platform's Q4 revenue grew 23% yr/yr, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company authorized $400 mln share repurchase program

Outlook

GitLab expects Q1 FY 2027 revenue between $253 mln and $255 mln

Company forecasts FY 2027 revenue of $1.099 bln to $1.118 bln

GitLab anticipates FY 2027 non-GAAP diluted EPS of $0.76 to $0.80

Result Drivers

DUO AGENT PLATFORM - Launch of GitLab Duo Agent Platform enhanced software lifecycle orchestration

HYBRID PRICING - Introduction of hybrid pricing models contributed to growth strategy

CUSTOMER EXPANSION - Significant increases in ARR across customer segments reflect strong retention and expansion

Company press release: ID:nBw2mW8mRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$260.40 mln
$252.21 mln (25 Analysts)
Q4 Adjusted EPS
Beat
$0.31
$0.23 (25 Analysts)
Q4 EPS
-$0.02
Q4 Gross Margin
87.00%
Q4 Adjusted Gross Margin
89.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for GitLab Inc is $48.00, about 83.3% above its March 2 closing price of $26.19

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 42 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)