Gitlab (GTLB) financial statements
Gitlab reported revenue of $955M in fiscal 2026, up 50.8% a year over 6 years.
Net income was -$56M and the operating margin -7.4%, against -158.0% in 2020.
Free cash flow was $222M.
The diluted share count rose 253% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gitlab's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | $81M | $152M | $253M | $424M | $580M | $759M | $955M |
| Cost of revenue | $9M | $18M | $30M | $52M | $60M | $85M | $121M |
| Gross profit | $72M | $134M | $223M | $373M | $520M | $674M | $834M |
| Research and development | $59M | $107M | $97M | $156M | $201M | $240M | $275M |
| Selling, general and admin | $141M | $241M | $254M | $428M | $507M | $577M | $630M |
| Operating income | -$128M | -$214M | -$129M | -$211M | -$187M | -$143M | -$70M |
| Pre-tax income | -$130M | -$189M | -$159M | -$175M | -$161M | -$86M | -$48M |
| Income tax | $1M | $3M | -$2M | $4M | $265M | -$77M | $10M |
| Net income | -$131M | -$192M | -$155M | -$173M | -$426M | -$6M | -$56M |
| EPS (diluted) | -$2.76 | -$3.82 | -$1.95 | -$1.17 | -$2.76 | -$0.04 | -$0.34 |
| Diluted shares | 47M | 50M | 80M | 148M | 154M | 161M | 167M |
| Gross margin | 88.5% | 87.9% | 88.1% | 87.8% | 89.7% | 88.8% | 87.4% |
| Operating margin | -158.0% | -140.6% | -51.0% | -49.8% | -32.3% | -18.8% | -7.4% |
| Net margin | -161.0% | -126.3% | -61.4% | -40.9% | -73.4% | -0.8% | -5.9% |
Balance sheet
Fiscal years, from Gitlab's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $343M | $283M | $935M | $295M | $288M | $228M | $230M |
| Receivables | — | $40M | $77M | $130M | $167M | $265M | $304M |
| Total current assets | — | $348M | $1.1B | $1.1B | $1.3B | $1.3B | $1.7B |
| Property, plant and equipment | — | $0 | $3M | $6M | $3M | $4M | $12M |
| Goodwill | — | $0 | $8M | $8M | $8M | $16M | $17M |
| Total assets | — | $363M | $1.1B | $1.2B | $1.3B | $1.4B | $1.7B |
| Total current liabilities | — | $127M | $242M | $306M | $677M | $545M | $652M |
| Total liabilities | — | $169M | $292M | $344M | $715M | $578M | $686M |
| Shareholders' equity | -$135M | -$231M | $775M | $771M | $560M | $776M | $991M |
| Net debt | -$343M | -$283M | -$885M | -$295M | -$288M | -$228M | -$230M |
Cash flow
Fiscal years, from Gitlab's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$60M | -$74M | -$50M | -$77M | $35M | -$64M | $233M |
| Capital spending | $0 | $0 | $4M | $6M | $2M | $4M | $11M |
| Free cash flow | -$60M | -$74M | -$53M | -$83M | $33M | -$68M | $222M |
| Stock-based compensation | $41M | $112M | $30M | $123M | $163M | $186M | $215M |
| Share buybacks (net) | $0 | -$820,000 | -$590,000 | $0 | $0 | — | — |
| Free cash flow margin | -74.1% | -48.4% | -21.1% | -19.7% | 5.8% | -8.9% | 23.2% |
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Open GTLB in InvestinglyQuestions
What was Gitlab's revenue in 2026?
$955M in fiscal 2026, from its 10-K filing.
How much free cash flow does Gitlab generate?
$222M in fiscal 2026 (operating cash flow minus capital spending).
From Gitlab's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.