GitLab Reports First Quarter Fiscal Year 2027 Financial Results

June 2, 2026 - 18:41

SAN FRANCISCO, June 02, 2026 -- GitLab Inc., the company behind the all-remote DevSecOps platform, announced its financial results for the first quarter of fiscal year 2027, which ended on April 30, 2026.

The company reported revenue of $245.3 million for the quarter, representing a 22% increase compared to the same period last year. Subscription revenue continued to be the primary driver, accounting for over 95% of total revenue. GitLab also saw its customer base expand, with the number of customers generating more than $100,000 in annual recurring revenue reaching 1,250, up from 1,080 a year ago.

Operating margins showed improvement. The company posted a GAAP operating loss of $18.2 million, a significant narrowing from the $32.1 million loss in the first quarter of fiscal 2026. On a non-GAAP basis, GitLab achieved operating income of $8.5 million, compared to a loss of $5.3 million in the prior year's quarter.

Cash flow from operations was $42.1 million, and free cash flow stood at $38.5 million. GitLab ended the quarter with $1.2 billion in cash, cash equivalents, and short-term investments.

"We delivered a strong start to fiscal 2027, driven by continued adoption of our AI-powered DevSecOps platform," said Sid Sijbrandij, co-founder and CEO of GitLab. "Organizations are increasingly looking to consolidate their toolchains and improve developer productivity, and our platform is well positioned to meet that demand."

For the second quarter of fiscal 2027, GitLab expects revenue between $252 million and $253 million. The company also raised its full-year revenue guidance to a range of $1.045 billion to $1.050 billion.