Filing Flows › Gitlab (GTLB) › Q2 FY26
Gitlab (GTLB) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 4, 2025
Gitlab (GTLB) reported revenue of $236M for the second quarter fiscal 2026 (Q2 FY26), +29% from a year earlier and +10% from the quarter before. Operating margin was -7.8%, net loss $10.0M (4.2% of revenue).
Gitlab, Q2 FY26: revenue $236M (+29% year over year), operating margin -7.8%, net loss $10.0M, operating cash flow $49.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $236M | +10% | +29% |
| Operating profit | −$18.4M | — | — |
| Net earnings | −$10.0M | — | — |
| Operating cash flow | $49.4M | -54% | +322% |
| Free cash flow | $46.5M | -56% | +328% |
What changed
Revenue was $236.0M in Q2 FY26, up 29% year over year and up 10% from the previous quarter. Subscription—self-managed was the largest line at 60% of revenue. Subscription—self-managed added $29.1M year over year (up 26%), 55% of the total change.
Gross margin was 87.9%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $18.4M, an operating margin of -7.8%. Operating expenses grew 12% against revenue growth of 29%. The fastest-growing cost line was Research & development (+17%). The quarter ended with a net loss of $10.0M, narrower than the previous quarter's $36.3M loss. Minority interests bore $788K of it: to shareholders the quarter was a loss of $9.2M. Non-operating items added $10.6M, -137% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $49.4M (up 322% year over year). Non-cash charges added back $759K of depreciation and amortization and $54.3M of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $2.9M left free cash flow of $46.5M.
Questions
What was Gitlab's revenue in the second quarter fiscal 2026?
Gitlab (GTLB) reported revenue of $236M for the second quarter fiscal 2026 (Q2 FY26), +29% from a year earlier and +10% from the quarter before.
Was Gitlab profitable in the second quarter fiscal 2026?
Operating loss was $18.4M (-7.8% of revenue) and net loss $10.0M.
Source: Gitlab 10-Q on SEC EDGAR.