Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Gitlab Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
81.2
152
253
424
580
759
955
Cost of revenue
9.38
18.5
30
51.7
59.7
85.1
121
Gross profit
71.9
134
223
373
520
674
834
Research and development
59.4
107
97.2
156
201
240
275
Selling and marketing
99.2
154
191
310
356
384
435
General and administrative
41.6
86.9
63.7
118
150
193
196
Operating expenses
200
348
352
584
708
817
905
Operating income
-128
-214
-129
-211
-187
-143
-70.5
Interest income
3.63
1.07
0.74
14.5
39.1
47.7
45.7
Other non-operating income
-4.8
23.5
-30.9
21.6
-12.2
9.19
-23.3
Pre-tax income
-130
-189
-159
-175
-161
-85.8
-48.1
Income tax
1.2
2.83
-1.51
4.03
265
-76.7
10.5
Net income to minority interests
0
0
-2.42
-8.39
-3.86
-2.79
-2.61
Net income
-131
-192
-155
-173
-426
-6.33
-56
EBITDA
-128
-214
-128
-208
-183
-140
-67.2
EPS, basic
-2.76
-3.82
-1.95
-1.17
-2.76
-0.04
-0.34
EPS, diluted
-2.76
-3.82
-1.95
-1.17
-2.76
-0.04
-0.34
Shares, basic (weighted)
47.3
50.3
79.8
148
154
161
167
Shares, diluted (weighted)
47.3
50.3
79.8
148
154
161
167
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
343
283
885
295
288
228
230
Short-term investments
0
50
Receivables
39.7
77.2
130
167
265
304
Other current assets
0.5
0.27
1.75
0.95
5.28
1
Total current assets
348
1,052
1,118
1,284
1,336
1,656
Property, plant and equipment
0
3.27
5.8
2.95
4.01
11.8
Lease right-of-use assets
1
0.41
0.38
Goodwill
0
8.15
8.15
8.15
16.1
17.4
Intangible assets
0.8
6.29
3.9
1.73
17.8
9.77
Other non-current assets
1.5
7.15
4.09
4.39
4.82
4.3
Total assets
363
1,091
1,169
1,321
1,399
1,723
Accounts payable
3.11
4.98
5.18
1.74
7.52
9.21
Accrued liabilities
13.2
32.8
20.8
35.8
40.2
39.7
Deferred revenue
104
179
254
338
443
545
Total current liabilities
127
242
306
677
545
652
Lease liabilities
0.41
0
0.12
Other non-current liabilities
11.1
18
9.82
14.1
6.56
7.36
Total liabilities
169
292
344
715
578
686
Paid-in capital
187
1,320
1,497
1,719
1,952
2,207
Retained earnings
-398
-553
-726
-1,161
-1,168
-1,224
Other comprehensive income
-19.9
7.72
-0.71
2.4
-8.51
6.88
Shareholders' equity
-231
775
771
560
776
991
Minority interests
0
24.4
53.7
46.6
45.4
45.6
Total equity
-135
-231
790
815
606
821
1,036
Total liabilities and equity
363
1,091
1,169
1,321
1,399
1,723
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
-131
-192
-158
-182
-430
-9.12
-58.6
Depreciation and amortization
0
0
0.54
3.23
4.37
2.86
3.28
Stock-based compensation
40.9
112
30
123
163
186
215
Deferred income tax
0
0
-1.32
0.64
9.53
-10.7
0.4
Change in receivables
-13.5
-14.7
-38.2
-54.2
-36.3
-99.6
-35.7
Change in payables
0.91
1.47
1.88
0.29
-3.44
5.51
1.61
Cash from operations
-60.2
-73.6
-49.8
-77.4
35
-64
233
Capital expenditures
0
0
-3.54
-6.07
-1.6
-3.77
-10.8
Acquisitions
0
0
-0.32
0
0
-20.2
0
Purchases of investments
0
0
-100
-822
-816
-708
-1,011
Sales and maturities of investments
734
708
754
Cash from investing
0
-0.84
-53.9
-606
-86.2
-30.5
-267
Share buybacks
0
-0.82
-0.59
0
0
Cash from financing
271
12.9
701
97.5
45.2
32.6
34.8
Exchange rate effect
-0.23
1
6.85
-3.66
-3.94
1.5
1.55
Net change in cash
211
-60.5
604
-589
-9.91
-60.3
1.93
Free cash flow
-60.2
-73.6
-53.4
-83.5
33.4
-67.7
222
Income taxes paid
1.99
1.9
1.31
0
0
188
2.29
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $46.85 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
85.8%
Gross profit / revenue.
Operating margin
-8.5%
Operating income / revenue.
EBITDA margin
-8.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-4.7%
Pre-tax income / revenue.
Net margin
-5.0%
Net income / revenue.
FCF margin
20.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
21.2%
Cash from operations / revenue.
Return on equity (ROE)
-5.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-3.2%
Net income / average total assets.
Return on invested capital (ROIC)
-10.2%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
28.8%
Research and development expense / revenue.
Stock-based pay / revenue
21.8%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.9%
Capital expenditures / revenue.
D&A / revenue
0.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
25.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
31.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
44.4%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
23.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
30.8%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
44.2%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
27.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
8.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
23.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
13.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
36.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
3.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
4.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
27.1%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.41x
Current assets / current liabilities.
Quick ratio
0.73x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.34x
(Cash + short-term investments) / current liabilities.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.31
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$6.25
Revenue / diluted weighted shares.
FCF per share
$1.27
Free cash flow / diluted weighted shares.
Operating cash flow per share
$1.32
Cash from operations / diluted weighted shares.
Book value per share
$5.49
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
7.50x
Market cap / revenue.
P/B
8.55x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
8.77x
Market cap / tangible book value, when positive.
P/FCF
37.0x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
35.4x
Market cap / cash from operations, when positive.
EV/Sales
7.28x
Enterprise value / revenue.
EV/FCF
36.0x
Enterprise value / free cash flow, when both are positive.
FCF yield
2.7%
Free cash flow / market cap.
Earnings yield
-0.7%
Net income / market cap (the inverse of P/E).
What was Gitlab Inc.'s revenue in fiscal 2026?
Gitlab Inc. reported revenue of $955.2M for fiscal 2026, 25.8% higher than the year before.
Was Gitlab Inc. profitable in fiscal 2026?
No. It reported a net loss of $56.0M.
How much free cash flow did Gitlab Inc. generate in fiscal 2026?
Cash from operations of $232.9M minus capital expenditures of $10.8M left free cash flow of $222.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.