Jul 2026 (Q2 FY27) — Sep 1, 2026
GitLab Q2 FY27 — Record Bookings and Accelerating Net ARR
Read the full callGitLab earnings: last reported Tue, 1 Sep 2026, for the quarter ended Jul 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 286 | +21.3% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | -19.9 | −12.1 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -36.8 | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $45.31 on 17 Oct 2025 → $53.29. High $56.01 (12 Oct 2026), low $19.42 (10 Apr 2026).
Overview
Call summaries
GitLab Q2 FY27 — Record Bookings and Accelerating Net ARR
Read the full callGitLab Q1 FY27 — Strong Revenue Growth and AI Monetization with Act 2 Restructuring
Read the full callGitLab Q4 FY26 — Strategic Investments for Reaccelerated Growth
Read the full callEvery analysed call
Financials
Net profit, year on year: −300% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 196 | 211 | 215 | 236 | 244 | 260 | 264 | 286 |
| Operating profit | -29 | -19 | -35 | -18 | -12 | -5 | -16 | -57 |
| Operating margin | −14.7% | −9.2% | −16.1% | −7.8% | −5.1% | −2.0% | −6.0% | −19.9% |
| Profit before tax | -11 | -5 | -34 | -8 | -7 | 0 | -4 | -39 |
| Tax rate | 345.0% | 198.3% | −7.5% | −29.0% | −25.9% | 998.5% | −57.3% | 8.1% |
| Net profit | 29 | 6 | -36 | -9 | -8 | -3 | -5 | -37 |
| EPS ($ per share) | 0.18 | — | -0.22 | -0.06 | -0.05 | — | -0.03 | -0.22 |
| Line item | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|
| Reserves | — | -398 | -553 | -726 | -1,161 | -1,168 | -1,224 |
| Total liabilities | — | 169 | 292 | 344 | 715 | 578 | 686 |
| Fixed assets | — | 0 | 3 | 6 | 3 | 4 | 12 |
| Investments | — | 0 | 50 | — | — | — | — |
| Total assets | — | 363 | 1,091 | 1,169 | 1,321 | 1,399 | 1,723 |
| Line item | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -60 | -74 | -50 | -77 | 35 | -64 | 233 |
| Cash from investing | 0 | -1 | -54 | -606 | -86 | -30 | -267 |
| Cash from financing | 271 | 13 | 701 | 97 | 45 | 33 | 35 |
| Net cash flow | 211 | -60 | 604 | -589 | -10 | -60 | 2 |
| Capital expenditure | 0 | 0 | -4 | -6 | -2 | -4 | -11 |
| Free cash flow | -60 | -74 | -53 | -83 | 33 | -68 | 222 |
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Subscription and Circulation | 60% | 59% | 61% | 60% | 60% | 58% | 57% | 56% | +14.3% |
| Subscription Software As A Service | 29% | 29% | 30% | 31% | 31% | 32% | 33% | 34% | +35.5% |
| License Professional Services and Other | 11% | 12% | 9% | 10% | 9% | 10% | 9% | 10% | +20.1% |
| License | 9% | 10% | 7% | 8% | 6% | 8% | 7% | 7% | +13.9% |
| Professional Services and Other | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 3% | +41.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Customers above an annual spend threshold ARR >= $5,000 | 10.682KWe now have 10,682 customers with ARR of at least $5,000, contributing over 95% of total ARR.Source: earnings call transcript | 10.831KWe now have 10,831 customers paying us at least $5,000 in ARR, representing over 95% of our total ARR base.Source: earnings call transcript | — | +1.4% |
| Customers above an annual spend threshold ARR >= $100,000 | 1,456Our $100,000-plus cohort grew 18% year-over-year to 1,456 customers, representing just over 75% of ARR.Source: earnings call transcript | 1,519Revenue of $264 million, growth of 23%, operating profit of $38 million and a 14% non-GAAP operating margin and 1,519 customers paying us more than $100,000 a year, up 18% year-over-year.Source: earnings call transcript | — | +4.3% |
| Net revenue retention rate | 118%Dollar-based net retention was 118%.Source: earnings call transcript | 117%Dollar-based net retention was 117%.Source: earnings call transcript | 117%Dollar-based net retention was 117%, up sequentially for the first time since 2024.Source: earnings call transcript | 0 pt |
| Remaining performance obligation (RPO) | $1.1BTotal RPO grew 20% year-over-year to $1.1 billion.Source: earnings call transcript | $1.1BTotal RPO grew 18% year-over-year to $1.1 billion.Source: earnings call transcript | $1.2BTotal RPO grew 16% year-over-year to $1.2 billion and current RPO grew 20% to $744.7 million.Source: earnings call transcript | +9.1% |
| Remaining performance obligation (RPO) Current | $719.4MCurrent RPO grew 24% to $719.4 million.Source: earnings call transcript | $724MCurrent RPO grew 24% to $724 million.Source: earnings call transcript | $744.7MTotal RPO grew 16% year-over-year to $1.2 billion and current RPO grew 20% to $744.7 million.Source: earnings call transcript | +2.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q2 FY2027 · share of revenue
As GTLB cuts its regions in its filings; they can nest, so they need not add to 100%.
97 filings between Nov 17, 2025 and Sep 30, 2026.
Purchases
$500.9K
5 purchases by 1 insider
Sales
$166.64M
52 sales by 6 insiders
52% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 7 conversions.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Sijbrandij Sytse | — | $119.99M | Sep 28, 2026 |
| Jacobson Matthew | — | $39.10M | Mar 20, 2026 |
| BOSTROM SUSAN L | — | $4.61M | Mar 27, 2026 |
| Padisetty Sivaprasad | — | $2.38M | Sep 28, 2026 |
| Staples William | $500.9K | — | Sep 30, 2026 |
| Mundy Simon | — | $464.9K | Aug 7, 2026 |
| Shen James | — | $96.6K | Dec 31, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Staples William Chief Executive Officer | Purchase 10b5-1 plan | 2,677 | $124.8K |
| Sep 28, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 295,460 | $13.61M |
| Sep 28, 2026 | Padisetty Sivaprasad Chief Technology Officer | Sale 10b5-1 plan | 5,920 | $274.2K |
| Sep 28, 2026 | Padisetty Sivaprasad Chief Technology Officer | Sale 10b5-1 plan | 33,095 | $1.52M |
| Sep 28, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 43,545 | $2.02M |
| Sep 28, 2026 | Padisetty Sivaprasad Chief Technology Officer | Sale 10b5-1 plan | 12,900 | $578.3K |
| Sep 28, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 90,995 | $4.08M |
| Sep 25, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 281,121 | $13.28M |
| Sep 25, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 424,369 | $20.40M |
| Sep 24, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 138,626 | $6.81M |
| Sep 24, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 842,084 | $40.88M |
| Sep 16, 2026 | Mundy Simon Chief Accounting Officer | Tax withheld | 4,656 | $227.1K |
| Sep 16, 2026 | Ross Jessica P Chief Financial Officer | Tax withheld | 32,628 | $1.59M |
| Sep 16, 2026 | Padisetty Sivaprasad Chief Technology Officer | Tax withheld | 30,888 | $1.51M |
| Sep 16, 2026 | Steward Ian Chief Revenue Officer | Tax withheld | 12,613 | $615.1K |
| Sep 15, 2026 | Staples William Chief Executive Officer | Tax withheld | 26,425 | $1.30M |
| Aug 21, 2026 | SULLIVAN GODFREY Director | Conversion | 12,500 | $0 |
| Aug 7, 2026 | Mundy Simon Chief Accounting Officer | Sale 10b5-1 plan | 8,725 | $331.6K |
| Jul 17, 2026 | Lloyd Thomas J. Chief Business & Legal Officer | Award | 279,627 | $0 |
| Jun 30, 2026 | Staples William Chief Executive Officer | Purchase 10b5-1 plan | 4,188 | $123.0K |
| Jun 22, 2026 | Mundy Simon Chief Accounting Officer | Tax withheld | 1,514 | $39.6K |
| Jun 17, 2026 | Steward Ian Chief Revenue Officer | Tax withheld | 10,961 | $299.1K |
| Jun 17, 2026 | Schulman Robin Chief Legal Officer & Corp Sec | Tax withheld | 7,839 | $213.9K |
| Jun 17, 2026 | HENSHALL DAVID J Director | Award | 7,555 | $0 |
| Jun 17, 2026 | Bedi Sundeep Director | Award | 7,555 | $0 |
| Jun 17, 2026 | SULLIVAN GODFREY Director | Award | 7,555 | $0 |
| Jun 17, 2026 | Staples William Chief Executive Officer | Tax withheld | 26,425 | $748.1K |
| Jun 17, 2026 | BOSTROM SUSAN L Director | Award | 7,555 | $0 |
| Jun 17, 2026 | BLASING KAREN Director | Award | 7,555 | $0 |
| Jun 17, 2026 | Mundy Simon Chief Accounting Officer | Tax withheld | 2,394 | $65.3K |
| Jun 15, 2026 | Mundy Simon Chief Accounting Officer | Award | 55,330 | $0 |
| Jun 15, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 13,565 | $391.1K |
| Jun 15, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 102,635 | $2.91M |
| May 18, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 10,792 | $260.0K |
| May 18, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 105,408 | $2.63M |
| May 14, 2026 | Sijbrandij Sytse Director | Conversion 10b5-1 plan | 15,134,451 | $0 |
| Apr 30, 2026 | Mundy Simon Chief Accounting Officer | Award | 17,592 | $0 |
| Apr 29, 2026 | Steward Ian Chief Revenue Officer | Award | 197,090 | $0 |
| Apr 29, 2026 | Staples William Chief Executive Officer | Award | 436,414 | $0 |
| Apr 29, 2026 | Schulman Robin Chief Legal Officer & Corp Sec | Award | 78,836 | $0 |
| Apr 15, 2026 | Sijbrandij Sytse Director | Conversion 10b5-1 plan | 116,200 | $0 |
| Apr 15, 2026 | Sijbrandij Sytse Director | Sale 10b5-1 plan | 116,200 | $2.41M |
| Mar 31, 2026 | Staples William Chief Executive Officer | Purchase 10b5-1 plan | 941 | $20.4K |
| Mar 31, 2026 | Staples William Chief Executive Officer | Purchase 10b5-1 plan | 5,069 | $108.0K |
| Mar 27, 2026 | BOSTROM SUSAN L Director | Sale | 22,500 | $457.2K |
| Mar 27, 2026 | BOSTROM SUSAN L Director | Sale | 10,000 | $204.5K |
| Mar 20, 2026 | Jacobson Matthew Director | Sale | 188,658 | $4.22M |
| Mar 20, 2026 | Jacobson Matthew Director | Sale | 66,797 | $1.49M |
| Mar 20, 2026 | Jacobson Matthew Director | Sale | 193,722 | $4.33M |
| Mar 20, 2026 | Jacobson Matthew Director | Sale | 347 | $7.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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