Filing Flows › Gitlab (GTLB) › Q2 FY27
Gitlab (GTLB) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 2, 2026
Gitlab (GTLB) reported revenue of $286M for the second quarter fiscal 2027 (Q2 FY27), +21% from a year earlier and +8% from the quarter before. Operating margin was -19.9%, net loss $36.1M (12.6% of revenue).
Gitlab, Q2 FY27: revenue $286M (+21% year over year), operating margin -19.9%, net loss $36.1M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $286M | +8% | +21% |
| Operating profit | −$56.9M | — | — |
| Net earnings | −$36.1M | — | — |
| Operating cash flow | −$3.1M | -102% | -106% |
What changed
Revenue was $286.3M in Q2 FY27, up 21% year over year and up 8% from the previous quarter. Subscription—self-managed was the largest line at 56% of revenue. SaaS added $25.6M year over year (up 36%), 51% of the total change.
Gross margin was 84.1%, down 3.9 points from Q2 FY26. Operating costs exceeded revenue by $56.9M, an operating margin of -19.9%. Operating expenses grew 32% against revenue growth of 21%. The fastest-growing cost line was General & admin (+52%). The quarter ended with a net loss of $36.1M, wider than the previous quarter's $5.6M loss. Non-operating items added $17.6M, -45% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.1M. Non-cash charges added back $1.3M of depreciation and amortization and $75.0M of share-based compensation. Working capital and other items used $43.3M. Capital expenditures of $213K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Gitlab's revenue in the second quarter fiscal 2027?
Gitlab (GTLB) reported revenue of $286M for the second quarter fiscal 2027 (Q2 FY27), +21% from a year earlier and +8% from the quarter before.
Was Gitlab profitable in the second quarter fiscal 2027?
Operating loss was $56.9M (-19.9% of revenue) and net loss $36.1M.
Source: Gitlab 10-Q on SEC EDGAR.