Filing Flows › Gitlab (GTLB) › Q1 FY26
Gitlab (GTLB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 11, 2025
Gitlab (GTLB) reported revenue of $215M for the first quarter fiscal 2026 (Q1 FY26), +27% from a year earlier and +1% from the quarter before. Operating margin was -16.1%, net loss $36.3M (16.9% of revenue).
Gitlab, Q1 FY26: revenue $215M (+27% year over year), operating margin -16.1%, net loss $36.3M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +1% | +27% |
| Operating profit | −$34.6M | — | — |
| Net earnings | −$36.3M | -794% | — |
| Operating cash flow | $106M | +68% | +179% |
| Free cash flow | $105M | +70% | +182% |
What changed
Revenue was $214.5M in Q1 FY26, up 27% year over year and up 1% from the previous quarter. Subscription—self-managed was the largest line at 61% of revenue. Subscription—self-managed added $26.6M year over year (up 26%), 59% of the total change.
Gross margin was 88.3%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $34.6M, an operating margin of -16.1%. Operating expenses grew 10% against revenue growth of 27%. The fastest-growing cost line was Research & development (+21%). The quarter ended with a net loss of $36.3M, after a profit of $5.2M the previous quarter. Minority interests bore $383K of it: to shareholders the quarter was a loss of $35.9M.
Operating cash flow was $106.3M (up 179% year over year). Non-cash charges added back $556K of depreciation and amortization and $55.8M of share-based compensation. Working capital and other items added $86.2M. Capital expenditures of $912K left free cash flow of $105.4M.
Questions
What was Gitlab's revenue in the first quarter fiscal 2026?
Gitlab (GTLB) reported revenue of $215M for the first quarter fiscal 2026 (Q1 FY26), +27% from a year earlier and +1% from the quarter before.
Was Gitlab profitable in the first quarter fiscal 2026?
Operating loss was $34.6M (-16.1% of revenue) and net loss $36.3M.
Source: Gitlab 10-Q on SEC EDGAR.