Filing Flows › Gitlab (GTLB) › Q1 FY27 › vs Q4 FY26
Gitlab (GTLB) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Gitlab's revenue rose $3.8M (+1%) from $260M in Q4 FY26 to $264M in Q1 FY27. The biggest changes: Subscription—self-managed and SaaS +$5.0M (+2%); License—self-managed and other −$1.3M (-5%).
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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 55.6% | 16.0% | +39.5 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription—self-managed | $151M | $151M | −$48K | 0% |
| SaaS | $88.2M | $83.1M | $5.1M | +6% |
| License—self-managed | $18.2M | $20.2M | −$2.0M | -10% |
| Professional services and other | $6.7M | $6.0M | $711K | +12% |
| Subscription—self-managed and SaaS | $239M | $234M | $5.0M | +2% |
| License—self-managed and other | $24.9M | $26.1M | −$1.3M | -5% |
| Revenue | $264M | $260M | $3.8M | +1% |
| Other income, net | $12.2M | $5.6M | $6.6M | +120% |
| Net loss | $5.6M | $3.5M | $2.1M | +59% |
| Costs & expenses | $282M | $269M | $12.5M | +5% |
| Operating costs | $280M | $266M | $14.3M | +5% |
| Income tax | $2.0M | $3.9M | −$1.9M | -48% |
| Cost of revenue | $37.5M | $35.0M | $2.5M | +7% |
| Research & development | $71.5M | $69.0M | $2.5M | +4% |
| Sales & marketing | $119M | $113M | $6.8M | +6% |
| General & admin | $51.6M | $49.0M | $2.5M | +5% |
| Operating cash sources | $155M | $49.3M | $106M | +214% |
| Depreciation & amortization | $1.3M | $1.1M | $199K | +18% |
| Share-based compensation | $50.1M | $53.2M | −$3.1M | -6% |
| Working capital & other | $103M | −$5.0M | $108M | — |
| Net loss absorbed | $5.6M | $3.5M | $2.1M | +59% |
| Operating cash flow | $149M | $45.8M | $103M | +226% |
| Free cash flow (OCF − capex) | $147M | $41.8M | $105M | +251% |
| Capital expenditures | $2.4M | $4.0M | −$1.6M | -40% |
Questions
How much did Gitlab's revenue grow quarter over quarter in Q1 FY27?
Gitlab's revenue rose $3.8M (+1%) from $260M in Q4 FY26 to $264M in Q1 FY27.
What drove Gitlab's revenue change in Q1 FY27?
Subscription—self-managed and SaaS +$5.0M (+2%); License—self-managed and other −$1.3M (-5%).