GitLab Inc. (GTLB) Q2 FY2027 earnings

Reported results

• Total revenue of $286.3 million, up 21% year-over-year
• GAAP operating margin of (20)%; non-GAAP operating margin of 15%
• GAAP operating loss of $56.9 million; non-GAAP operating income of $42.6 million
• GAAP net loss attributable to GitLab of $36.8 million; non-GAAP net income attributable to GitLab of $42.1 million
• Operating cash flow of $(3.1) million; non-GAAP adjusted free cash flow of $9.8 million
• Dollar-Based Net Retention Rate of 117%; total RPO grew 16% year-over-year to $1.2 billion

Guidance

• Q3 FY2027 revenue guidance: $281–$283 million
• FY2027 revenue guidance: $1,129–$1,133 million
• Q3 FY2027 non-GAAP operating income guidance: $35–$37 million
• FY2027 non-GAAP operating income guidance: $148–$152 million
• Q3 FY2027 non-GAAP diluted net income per share guidance: $0.19–$0.20 (assuming approximately 172 million weighted average shares outstanding)
• FY2027 non-GAAP diluted net income per share guidance: $0.85–$0.87 (assuming approximately 172 million weighted average shares outstanding)

Notes

The company restated or adjusted certain items in Q2 FY2027: restructuring charges of $19.4 million were excluded from non-GAAP measures related to a restructuring announced in May 2026; stock-based compensation of $3.9 million included accelerated vesting for restructured employees; a $3.5 million indirect tax benefit and $5.9 million income tax benefit related to final settlement of JiHu formation were recognized. The company repurchased approximately 3.5 million shares during the quarter.

Price and volatility reaction

The stock moved +10.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -22.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-01 (8-K, Item 2.02). Read the original filing on sec.gov.