Filing Flows › Gitlab (GTLB) › Q1 FY27 › vs Q1 FY26
Gitlab (GTLB) Q1 FY27 vs Q1 FY26 (year over year)
Gitlab's revenue rose $49.6M (+23%) from $215M in Q1 FY26 to $264M in Q1 FY27. The biggest changes: Subscription—self-managed and SaaS +$44.8M (+23%); License—self-managed and other +$4.8M (+24%).
Gitlab, Q1 FY27: revenue $264M (+23% year over year), operating margin -6.0%, net loss $5.6M, operating cash flow $149M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 55.6% | 49.1% | +6.4 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription—self-managed | $151M | $130M | $20.8M | +16% |
| SaaS | $88.2M | $64.2M | $24.0M | +37% |
| License—self-managed | $18.2M | $15.0M | $3.2M | +21% |
| Professional services and other | $6.7M | $5.0M | $1.7M | +33% |
| Subscription—self-managed and SaaS | $239M | $194M | $44.8M | +23% |
| License—self-managed and other | $24.9M | $20.0M | $4.8M | +24% |
| Revenue | $264M | $215M | $49.6M | +23% |
| Other income, net | $12.2M | $891K | $11.3M | 14× |
| Net loss | $5.6M | $36.3M | −$30.7M | -85% |
| Costs & expenses | $282M | $252M | $30.3M | +12% |
| Operating costs | $280M | $249M | $30.8M | +12% |
| Income tax | $2.0M | $2.5M | −$507K | -20% |
| Cost of revenue | $37.5M | $25.0M | $12.5M | +50% |
| Research & development | $71.5M | $65.4M | $6.1M | +9% |
| Sales & marketing | $119M | $108M | $11.8M | +11% |
| General & admin | $51.6M | $51.1M | $492K | +1% |
| Operating cash sources | $155M | $143M | $12.2M | +9% |
| Depreciation & amortization | $1.3M | $556K | $739K | +133% |
| Share-based compensation | $50.1M | $55.8M | −$5.8M | -10% |
| Working capital & other | $103M | $86.2M | $17.2M | +20% |
| Net loss absorbed | $5.6M | $36.3M | −$30.7M | -85% |
| Operating cash flow | $149M | $106M | $42.9M | +40% |
| Free cash flow (OCF − capex) | $147M | $105M | $41.4M | +39% |
| Capital expenditures | $2.4M | $912K | $1.5M | +162% |
Questions
How much did Gitlab's revenue grow year over year in Q1 FY27?
Gitlab's revenue rose $49.6M (+23%) from $215M in Q1 FY26 to $264M in Q1 FY27.
What drove Gitlab's revenue change in Q1 FY27?
Subscription—self-managed and SaaS +$44.8M (+23%); License—self-managed and other +$4.8M (+24%).