GitLab Q1 FY2024 revenue $126.9M (+45% YoY); non-GAAP operating loss narrows to (12)%

Gitlab Inc.

2024-Q1 EPS reported -$0.35 revenue$126,878,000

Revenue $126.9M, up 45% YoY; GAAP EPS $(0.35), non-GAAP EPS $(0.06) vs $(0.18) a year ago.
Non-GAAP operating margin improved ~1,700 bps YoY to (12)%; operating loss narrowed to $15M.
CEO cited AI-powered DevSecOps platform as key differentiator; CFO highlighted $40B TAM opportunity.
Customer demand remained strong despite macroeconomic uncertainty; no explicit guidance provided.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gitlab Inc. reported first quarter fiscal year 2024 ended April 30, 2023 results: revenue $126.9 million, net income $(52.5) million, EPS $(0.35).

Period: first quarter fiscal year 2024 ended April 30, 2023
Revenue: $126.9 million
Net income: $(52.5) million
EPS: $(0.35)
Result: reported results

Exact text from the filing

Fiscal First Quarter Highlights: • Total revenue of $126.9 million • GAAP operating margin of (46)%; Non-GAAP operating margin of (12)% • GAAP net loss per share of $(0.35); Non-GAAP net loss per share of $(0.06)

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Source: SEC EDGAR

accession 0001628280-23-020862

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