GitLab Q1 FY23 revenue $87.4M (+75% YoY); net retention >130%; beats guidance

Gitlab Inc.

2023-Q1 EPS reported -$0.18 revenue$87,407,000

Revenue $87.4M, up 75% YoY, above guidance; dollar-based net retention >130%.
RPO grew 92% YoY; GAAP net loss per share $(0.18) vs $(0.53) YoY.
Non-GAAP gross margin 90%; non-GAAP operating margin improved 1700 bps to (28)%.
GAAP operating loss $42.9M vs $26.0M YoY; non-GAAP operating loss $24.8M vs $22.5M.
CEO cited momentum in platform adoption, seat expansion, and tier upgrades.

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