GitLab Inc. reported a Q1 FY2025 EPS of -$0.3455, missing the expected -$0.04, but showcased a revenue of $169.19 million, surpassing expectations.
The company highlighted a 33% increase in revenue year-over-year and improvements in both GAAP and Non-GAAP operating margins, indicating strong financial health and operational efficiency.
Despite a net income of approximately -$54.64 million and an operating income of around -$53.64 million, GitLab maintained a gross profit of about $150.41 million, demonstrating resilience and a robust business model.

GitLab Inc. (NASDAQ:GTLB), a prominent player in the DevSecOps platform sector, recently disclosed its financial outcomes for the first quarter of the fiscal year 2025, after the market closed on Monday, June 3, 2024. The company reported an earnings per share (EPS) of -$0.3455, falling short of the anticipated EPS of -$0.04. Despite this, GitLab showcased a robust revenue figure of approximately $169.19 million, exceeding the expected $165.89 million. This performance indicates a complex financial landscape for GitLab, where revenue growth outpaces expectations even as earnings per share underperform.
The earnings conference call, held on the same day, provided a platform for GitLab’s leadership, including Co-Founder and CEO Sid Sijbrandij and CFO Brian Robins, to discuss the company’s financial health and strategic direction. The call, detailed by Seeking Alpha, attracted analysts from prestigious financial institutions, highlighting the significant interest in GitLab’s operational efficiency and future outlook. This interaction with the financial community underscores the company’s commitment to transparency and its potential for growth in the software development industry.
GitLab’s financial results for the quarter reflect a substantial 33% increase in revenue compared to the same period last year, reaching $169.2 million. This growth is a testament to GitLab’s success and its strong position in the market. Furthermore, the company experienced notable improvements in both GAAP and Non-GAAP operating margins year-over-year, demonstrating efficient operations and strategic planning. The operating cash flow and Non-GAAP adjusted free cash flow for the quarter were $38.1 million and $37.4 million, respectively, indicating GitLab’s solid financial health and its capability to generate cash from its operations.
CEO Sid Sijbrandij’s emphasis on AI-driven software innovations during the earnings call highlights GitLab’s focus on differentiating its platform through technology that streamlines the software development process for customers. This strategic approach not only strengthens GitLab’s market position but also contributes to its financial performance by enhancing operational efficiency and customer satisfaction.
Despite facing challenges, as evidenced by a net income of approximately -$54.64 million and an operating income of around -$53.64 million, GitLab’s gross profit stood at about $150.41 million for the period. The company’s ability to maintain a strong gross profit amidst financial hurdles showcases its resilience and the underlying strength of its business model. GitLab’s journey through the fiscal year 2025 illustrates the complexities of scaling in the competitive software development landscape, balancing growth with financial sustainability.