GitLab recently released its 10-Q report, providing a comprehensive insight into the company’s financial condition and operational performance. GitLab Inc., headquartered in San Francisco, develops software for the software development lifecycle, offering a platform that covers 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, and managing the cycle with value stream analytics. It also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011.
The 10-Q report discusses various aspects of the company's financial condition and results of operations. GitLab has a "land and expand" business strategy, focusing on efficiently acquiring new customers and growing relationships with existing customers over time. As of July 31, 2025, the company had more than 50 million registered users, with over 50% of the Fortune 100 companies as its customers. The report also highlights the company's Dollar-Based Net Retention Rate, which was 121% as of July 31, 2025, indicating the percentage change in its Annual Recurring Revenue (ARR) derived from its customer base at a point in time.
GitLab's revenue primarily comes from subscription (self-managed and SaaS) and license (self-managed and other) components. Subscription revenue is recognized ratably over the contract period, while license revenue is recognized up-front when the software license is made available to customers. The company also generates revenue from professional services, which is recognized from fixed fee and time and materials engagements.
The report emphasizes GitLab's commitment to sustaining innovation and technology leadership, with a history of releasing enhancements to its platform every month. The company plans to continue investing in research and development to further enhance its platform and sustain innovation and technology leadership. GitLab also focuses on acquiring new customers, expanding usage within existing customers, and building successful partnerships, alliances, channels, and integrations to drive greater awareness of its brand and platform.
As a result of these announcements, the company's shares have moved -1.64% on the market, and are now trading at a price of $46.91. For more information, read the company's full 10-Q submission here.
