GitLab Q3 revenue beats estimates

GitLab

02/12/2025 21:14

Corrects 2026 Non GAAP outlook for net income to $0.88 - $0.89 from $0.95 - $0.96 after company updated numbers

Overview

GitLab Q3 fiscal 2026 revenue up 25% yr/yr, beating analyst expectations

Adjusted EPS for Q3 fiscal 2026 beats analyst estimates

GitLab appoints Jessica Ross as CFO, effective January 15, 2026

Outlook

GitLab expects Q4 FY 2026 revenue between $251 mln and $252 mln

Company forecasts FY 2026 revenue of $946 mln to $947 mln

GitLab projects Q4 FY 2026 non-GAAP operating income of $38 mln to $39 mln

Company anticipates FY 2026 non-GAAP diluted EPS of $0.88 to $0.89

Result Drivers

PLATFORM ENGAGEMENT - CEO Bill Staples cites increased engagement across GitLab's platform as a key driver for revenue growth

STRATEGIC INVESTMENTS - Interim CFO James Shen attributes revenue growth to strategic investments and sustainable growth efforts

AI MARKET POSITIONING - GitLab's architecture facilitates trust and accuracy in AI, aiding its market positioning

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$244.40 mln
$239.70 mln (25 Analysts)
Q3 Adjusted EPS
Beat
$0.26
$0.20 (24 Analysts)
Q3 EPS
-$0.05
Q3 Gross Margin
87%
Q3 Adjusted Gross Margin
89%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 8 "hold" and no "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 $58.00, about 29.1% above its December 1 closing price of $41.15

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 56 three months ago

Press Release: ID:nBw5zlBVQa

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