GitLab Inc. has recently released its 10-Q report, offering a detailed insight into the company's financial standing. GitLab Inc. is a software development company that provides a platform covering various stages of the DevSecOps lifecycle, including project planning, source code management, integration, application security testing, packaging artifacts, delivery and deployment, infrastructure for optimal deployment, monitoring for incidents, protecting the production deployment, and managing the cycle with value stream analytics. The company was founded in 2011 and is headquartered in San Francisco, California.
In the recent 10-Q report, GitLab Inc. discussed various factors affecting its performance. The company emphasized its focus on sustaining innovation and technology leadership. It highlighted its history of releasing enhancements to The DevSecOps platform every month and its intention to continue investing in research and development to further enhance the platform. GitLab Inc. also emphasized its strategy of acquiring new customers, with a focus on expanding its reach and differentiating The DevSecOps platform from competitive products and services.
Furthermore, the report highlighted the company's efforts in retaining and expanding its existing customer base through a "land and expand" business strategy. GitLab Inc. emphasized its Dollar-Based Net Retention Rate, which measures the percentage change in its Annual Recurring Revenue (ARR) derived from its customer base at a point in time. As of April 30, 2025, the Dollar-Based Net Retention Rate was reported at 122%, indicating the company's ability to retain and expand revenue generated from its existing customers.
The report also discussed the company's focus on partnerships, alliances, channels, and integrations, emphasizing its investments in developing a strong ecosystem and partner network to expand its go-to-market strategy. GitLab Inc. highlighted its plans to continue investing in and developing these relationships to broaden its distribution footprint and drive greater awareness of its brand and The DevSecOps platform.
Additionally, the report outlined the company's plan to continue investing in its business to capitalize on its market opportunity, with a focus on balancing investments in future growth with a continued focus on managing its operating results. GitLab Inc. also provided specific figures related to its key business metrics, including the Dollar-Based Net Retention Rate and the number of customers with Annual Recurring Revenue of $100,000 or more.
The market has reacted to these announcements by moving the company's shares -0.27% to a price of $48.51. If you want to know more, read the company's complete 10-Q report here.
