Q2 results highlight impressive client growth and improved guidance, although SBC-adjusted FCF remains negative. GitLab's competitive edge includes a single platform with lower licensing and integration costs, and strong security features. GitLab's valuation is justified by its dominant market position and growth rates.
Investors were upbeat about GitLab's strong outlook, but soured on Zscaler yearly predictions.
GitLab Inc. (NASDAQ:GTLB ) Q2 2025 Results Conference Call September 3, 2024 4:30 PM ET Company Participants Kelsey Turcotte - VP, IR Sid Sijbrandij - Co-Founder and CEO Brian Robins - CFO Conference Call Participants Joel Fishbein - Truist Ryan MacWilliams - Barclays Jason Ader - William Blair Kash Rangan - Goldman Sachs Karl Keirstead - UBS Rob Owens - Piper Sandler Michael Turrin - Wells Fargo Pinjalim Bora - JPMorgan Gregg Moskowitz - Mizuho Matt Hedberg - RBC Mike Cikos - Needham Peter Weed - Bernstein George McGreehan - Bank of America Nick Altmann - Scotiabank Kingsley Crane - Canaccord Operator [Call Starts Abruptly] [Operator Instructions] Please note today's call is being recorded. I will be standing by should you need assistance.
GitLab's Q2 FY 2025 revenue of $182.6 million exceeded its guidance by $5.6 million. Non-GAAP operating income hit $18.2 million, surpassing the expected range by around 70.2%.
GitLab Inc. (GTLB) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.01 per share a year ago.
GitLab shares rallied after hours on Tuesday after the software-development platform raised its full-year outlook, as more businesses try to embed artificial intelligence and security protections into their technology.
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. ("GitLab") (NASDAQ:GTLB) concerning possible violations of federal securities laws. On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates.
Although GTLB's shares have dipped year to date, a modest top-line growth prospect and stretched valuation should keep investors on the sidelines.
NEW YORK, NY / ACCESSWIRE / August 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. ("GitLab") (NASDAQ:GTLB) concerning possible violations of federal securities laws. On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. ("GitLab") (NASDAQ:GTLB) concerning possible violations of federal securities laws. On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates.
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. ("GitLab") (NASDAQ:GTLB) concerning possible violations of federal securities laws. On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates.
NEW YORK, NY / ACCESSWIRE / August 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of GitLab Inc. ("GitLab") (NASDAQ:GTLB) concerning possible violations of federal securities laws. On March 4, 2024, GitLab announced 4Q24 financial results that beat consensus estimates.