Filing Flows › Gitlab (GTLB) › Q2 FY27 › vs Q1 FY27
Gitlab (GTLB) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Gitlab's revenue rose $22.1M (+8%) from $264M in Q1 FY27 to $286M in Q2 FY27. The biggest changes: Subscription—self-managed and SaaS +$19.0M (+8%); License—self-managed and other +$3.1M (+12%).
Gitlab, Q2 FY27: revenue $286M (+21% year over year), operating margin -19.9%, net loss $36.1M, operating cash flow −$3.1M. The chart draws each line against Q1 FY27, the increases inside each band.
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription—self-managed | $161M | $151M | $9.6M | +6% |
| SaaS | $97.6M | $88.2M | $9.4M | +11% |
| License—self-managed | $20.7M | $18.2M | $2.5M | +14% |
| Professional services and other | $7.3M | $6.7M | $617K | +9% |
| Subscription—self-managed and SaaS | $258M | $239M | $19.0M | +8% |
| License—self-managed and other | $27.9M | $24.9M | $3.1M | +12% |
| Revenue | $286M | $264M | $22.1M | +8% |
| Other income, net | $17.6M | $12.2M | $5.4M | +44% |
| Income tax benefit | $3.2M | −$2.0M | $5.2M | — |
| Net loss | $36.1M | $5.6M | $30.6M | +548% |
| Costs & expenses | $343M | $282M | $61.2M | +22% |
| Operating costs | $343M | $280M | $63.3M | +23% |
| Cost of revenue | $45.6M | $37.5M | $8.2M | +22% |
| Research & development | $95.0M | $71.5M | $23.5M | +33% |
| Sales & marketing | $134M | $119M | $15.0M | +13% |
| General & admin | $68.2M | $51.6M | $16.6M | +32% |
| Operating cash sources | $79.4M | −$97.8M | $177M | — |
| Depreciation & amortization | $1.3M | $1.3M | $50K | +4% |
| Share-based compensation | $75.0M | $50.1M | $24.9M | +50% |
| Cash used in operations | $3.1M | −$149M | $152M | — |
| Net loss absorbed | $36.1M | $5.6M | $30.6M | +548% |
| Working capital & other | $43.3M | −$103M | $147M | — |
Questions
How much did Gitlab's revenue grow quarter over quarter in Q2 FY27?
Gitlab's revenue rose $22.1M (+8%) from $264M in Q1 FY27 to $286M in Q2 FY27.
What drove Gitlab's revenue change in Q2 FY27?
Subscription—self-managed and SaaS +$19.0M (+8%); License—self-managed and other +$3.1M (+12%).