---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-039805"
form_type: "8-K"
ticker: "GTLB"
cik: "0001653482"
company_name: "Gitlab Inc."
filed_at: "2026-06-02T20:17:31+00:00"
generated_at: "2026-06-02T20:18:28.205181+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# GitLab Q1 revenue $264M (+23% YoY); plans 14% workforce cut, $30-35M charges

## Summary
- Revenue $264.2M (+23% YoY); GAAP net loss $5M vs $35.9M loss a year ago.
- Non-GAAP operating margin 14% (up from 12%); non-GAAP EPS $0.23 vs $0.17 YoY.
- GAAP operating margin improved to (6)% from (16)% YoY; operating cash flow $149.2M.
- Board approved restructuring cutting ~14% of workforce and exiting 22 countries; $30-35M charges expected.
- Restructuring substantially complete by end of FY2027 (Jan 2027); $19M charge in Q2.

## SEC filing metadata
- accession: 0001628280-26-039805
- form_type: 8-K
- ticker: GTLB
- cik: 0001653482
- company_name: Gitlab Inc.
- filed_at: 2026-06-02T20:17:31+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653482/000162828026039805/0001628280-26-039805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653482/000162828026039805/gtlb-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-039805
- JSON: https://secwatch.observer/filing/0001628280-26-039805.json
- Plain text: https://secwatch.observer/filing/0001628280-26-039805.txt

## Source-grounded claims
- claim_id: 1b793dc122e9afcbcb46962dbd95f0e44438ab2c
  claim: Gitlab Inc. reported fiscal quarter ended April 30, 2026 results: revenue $264.2 million, net income $(5.0), EPS $(0.03).
  evidence_excerpt: in such filing. --- EX-99.1 (EX-99.1) --- GitLab Reports First Quarter Fiscal Year 2027 Financial Results First Quarter Fiscal Year 2027 Highlights: • Total revenue of $264.2 million, up 23% year-over-year • GAAP operating margin of (6)%; non-GAAP operating margin of 14% • Operating cash flow of $149.2 million and non-GAAP adjusted free cash flow of $146.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653482/000162828026039805/0001628280-26-039805-index.htm
- claim_id: ef5bff3b33ab470d6d886ac022f8b0fd99d89094
  claim: Gitlab Inc. announced a restructuring with charges of approximately $30 million to $35 million affecting global workforce and geographic footprint (approximately 14% of its global workforce).
  evidence_excerpt: On June 1, 2026 , the board of directors of the Company approved a restructuring plan (the “Plan”). The Company anticipates approximately 14% of its global workforce as of January 31, 2026 may be impacted by the Plan. The Plan is intended to help position the Company for long-term success by realigning its operating structure to optimize execution against its strategic priorities. The Company also expects to exit 22 countries to reduce its team member geographic footprint by approximately 37%. As a result of the Plan, the Company expects to incur approximately $30 million to $35 million in pre-tax restructuring charges, consisting primarily of one-time severance, employee termination benefit costs, and retention costs associated with the execution of the Plan, of which approximately $19 million is expected to be incurred in the second quarter of fiscal year 2027, with the majority of the remainder expected to be recognized over the following three quarters.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653482/000162828026039805/0001628280-26-039805-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.