GITLAB INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $955.2M | $759.2M | $579.9M | $424.3M | $252.7M | $152.2M | $81.2M |
| Cost of Revenue | $120.7M | $85.1M | $59.7M | $51.7M | $30.0M | $18.5M | $9.4M |
| Gross Profit | $834.5M | $674.1M | $520.2M | $372.7M | $222.7M | $133.7M | $71.9M |
| Gross Margin | 87.4% | 88.8% | 89.7% | 87.8% | 88.1% | 87.9% | 88.5% |
| Operating Expenses | |||||||
| Research & Development | $274.6M | $239.7M | $200.8M | $156.1M | $97.2M | $106.6M | $59.4M |
| SG&A Expense | $195.7M | $192.9M | $150.4M | $117.9M | $63.7M | $86.9M | $41.6M |
| Operating Income | $-70.5M | $-142.7M | $-187.4M | $-211.4M | $-129.0M | $-213.9M | $-128.4M |
| Operating Margin | -7.4% | -18.8% | -32.3% | -49.8% | -51.0% | -140.6% | -158.0% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $-48.1M | $-85.8M | $-160.6M | $-175.3M | $-159.1M | $-189.4M | $-129.5M |
| Income Tax Expense | $10.5M | $-76.7M | $265.1M | $4.0M | $-1.5M | $2.8M | $1.2M |
| Net Income | $-56.0M | $-6.3M | $-425.7M | $-173.4M | $-155.1M | $-192.2M | $-130.7M |
| Net Margin | -5.9% | -0.8% | -73.4% | -40.9% | -61.4% | -126.3% | -161.0% |
| EPS (Basic) | $-0.34 | $-0.04 | $-2.76 | $-1.17 | $-1.95 | $-3.82 | $-2.76 |
| EPS (Diluted) | $-0.34 | $-0.04 | $-2.76 | $-1.17 | $-1.95 | $-3.82 | $-2.76 |
| Shares Outstanding (Basic) | 166.8M | 160.6M | 154.3M | 148.4M | 79.8M | 50.3M | 47.3M |
| Shares Outstanding (Diluted) | 166.8M | 160.6M | 154.3M | 148.4M | 79.8M | 50.3M | 47.3M |
| Dividends Per Share | — | — | — | — | — | — | — |