Filing Flows › Gitlab (GTLB) › Q1 FY27
Gitlab (GTLB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 2, 2026
Gitlab (GTLB) reported revenue of $264M for the first quarter fiscal 2027 (Q1 FY27), +23% from a year earlier and +1% from the quarter before. Operating margin was -6.0%, net loss $5.6M (2.1% of revenue).
Gitlab, Q1 FY27: revenue $264M (+23% year over year), operating margin -6.0%, net loss $5.6M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $264M | +1% | +23% |
| Operating profit | −$15.7M | — | — |
| Net earnings | −$5.6M | — | — |
| Operating cash flow | $149M | +226% | +40% |
| Free cash flow | $147M | +251% | +39% |
What changed
Revenue was $264.2M in Q1 FY27, up 23% year over year and up 1% from the previous quarter. Subscription—self-managed was the largest line at 57% of revenue. SaaS added $24.0M year over year (up 37%), 48% of the total change.
Gross margin was 85.8%, down 2.5 points from Q1 FY26. Operating costs exceeded revenue by $15.7M, an operating margin of -6.0%. Operating expenses grew 8% against revenue growth of 23%. The fastest-growing cost line was Sales & marketing (+11%). The quarter ended with a net loss of $5.6M, wider than the previous quarter's $3.5M loss. Minority interests bore $607K of it: to shareholders the quarter was a loss of $5.0M. Non-operating items added $12.2M, -344% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $149.2M (up 40% year over year). Non-cash charges added back $1.3M of depreciation and amortization and $50.1M of share-based compensation. Working capital and other items added $103.4M. Capital expenditures of $2.4M left free cash flow of $146.8M.
Questions
What was Gitlab's revenue in the first quarter fiscal 2027?
Gitlab (GTLB) reported revenue of $264M for the first quarter fiscal 2027 (Q1 FY27), +23% from a year earlier and +1% from the quarter before.
Was Gitlab profitable in the first quarter fiscal 2027?
Operating loss was $15.7M (-6.0% of revenue) and net loss $5.6M.
Source: Gitlab 10-Q on SEC EDGAR.