Filing Flows › Gitlab (GTLB) › Q4 FY25
Gitlab (GTLB) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 21, 2025
Gitlab (GTLB) reported revenue of $211M for the fourth quarter fiscal 2025 (Q4 FY25), +29% from a year earlier and +8% from the quarter before. Operating margin was -9.1%, net earnings $5.2M (2.5% of revenue).
Gitlab, Q4 FY25: revenue $211M (+29% year over year), operating margin -9.1%, net earnings $5.2M, operating cash flow $63.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | +8% | +29% |
| Operating profit | −$19.3M | — | — |
| Net earnings | $5.2M | — | — |
| Operating cash flow | $63.2M | — | +154% |
| Free cash flow | $62.1M | — | +153% |
What changed
Revenue was $211.4M in Q4 FY25, up 29% year over year and up 8% from the previous quarter. Subscription—self-managed was the largest line at 59% of revenue.
Gross margin was 89.2%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $19.3M, an operating margin of -9.1%. Operating expenses grew 14% against revenue growth of 29%. The fastest-growing cost line was Research & development (+20%). Net earnings were $5.8M ($5.2M including minority interests, which bore $577K of losses). Non-operating items added $13.2M, -216% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $63.2M (up 154% year over year), 1210% of net income including minority interests. Non-cash charges added back $499K of depreciation and amortization and $46.6M of share-based compensation. Working capital and other items added $10.9M. Capital expenditures of $1.2M left free cash flow of $62.1M.
Questions
What was Gitlab's revenue in the fourth quarter fiscal 2025?
Gitlab (GTLB) reported revenue of $211M for the fourth quarter fiscal 2025 (Q4 FY25), +29% from a year earlier and +8% from the quarter before.
Was Gitlab profitable in the fourth quarter fiscal 2025?
Operating loss was $19.3M (-9.1% of revenue) and net earnings $5.2M.
Source: Gitlab 10-K on SEC EDGAR.