𝐆𝐢𝐭𝐋𝐚𝐛 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐚𝐧𝐝 𝐄𝐏𝐒 𝐁𝐞𝐚𝐭 𝐚𝐬 𝐍𝐞𝐭 𝐀𝐑𝐑 𝐆𝐫𝐨𝐰𝐭𝐡 𝐄𝐱𝐜𝐞𝐞𝐝𝐬 𝟒𝟎

⠀

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Adj. EPS: $0.24 (Est. $0.18) ✅

• Revenue: $286.3M (Est. $273.36M) ✅, +21% YoY.

• Adj. Operating Margin: 15%, vs. 17% YoY.

• Adj. Operating Income: $42.6M, vs. $39.6M YoY.

• cRPO: $744.7M, +20% YoY.

• Dollar-Based Net Retention Rate: 117%.

⠀

🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• Q3 FY2027 Revenue: $281M–$283M (Est. $281.43M)

• Q3 FY2027 Adj. EPS: $0.19–$0.20 (Est. $0.18) ✅

• FY2027 Revenue: $1.129B–$1.133B (Est. $1.12B) ✅

• FY2027 Adj. EPS: $0.85–$0.87 (Est. $0.81) ✅

• FY2027 Adj. Operating Income: $148M–$152M.

⠀

📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Revenue grew 21% YoY and beat consensus, while Adj. EPS also came in ahead of expectations.

• Net ARR growth exceeded 40% YoY, while gross bookings reached a record level.

• cRPO increased 20% YoY to $744.7M, while total RPO grew 16% to $1.2B.

• Customers with more than $100K of ARR increased 17% YoY to 1,571.

• GitLab introduced Flex and continued expanding its AI offering, including GitLab Orbit and Duo Agent Platform.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year.”

𝐆𝐢𝐭𝐋𝐚𝐛: 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐚𝐧𝐝 𝐄𝐏𝐒 𝐁𝐞𝐚𝐭 𝐚𝐬 𝐍𝐞𝐭 𝐀𝐑𝐑 𝐆𝐫𝐨𝐰𝐭𝐡 𝐄𝐱𝐜𝐞𝐞𝐝𝐬 𝟒𝟎%