GitLab Q3 FY24 revenue $149.7M (+32% YoY); first non-GAAP operating profit

Gitlab Inc.

2024-Q3 EPS reported -$2.53 revenue$416,127,000

Revenue $149.7M (+32% YoY); non-GAAP operating income $4.7M vs loss $(21.6M) YoY.
GAAP net loss per share $(1.84); non-GAAP net income per share $0.09; first non-GAAP operating profit.
Non-GAAP operating margin improved to 3% from (19%) YoY; GAAP operating margin (27%).
CEO cites platform adoption driving growth; customers report 7x faster cycle times with GitLab.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gitlab Inc. reported fiscal quarter ended October 31, 2023 results: revenue $149.7 million.

Period: fiscal quarter ended October 31, 2023
Revenue: $149.7 million
Result: reported results

Exact text from the filing

itLab Reports Third Quarter Fiscal Year 2024 Financial Results Quarterly revenue of $149.7 million, up 32% year-over-year Fiscal Third Quarter Highlights: • Total revenue of $149.7 million • GAAP operating margin of (27)%; Non-GAAP operating margin of 3% • GAAP net loss per share of $(1.84); Non-GAAP net income per share of $0.09 San Francisco (December 4, 2023) - All-Remote - GitLab Inc.

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Source: SEC EDGAR

accession 0001628280-23-040619

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