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GitLab Inc. (GTLB) 10-Year Financial Performance & Capital Metrics

GTLB • • Industrial / General
TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms
AboutGitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The company also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. The company was founded in 2011 and is headquartered in San Francisco, California.Show more
  • Revenue $759M +30.9%
  • EBITDA -$132M +23.8%
  • Net Income -$6M +98.5%
  • EPS (Diluted) -0.04 +98.5%
  • Gross Margin 88.79% -1.0%
  • EBITDA Margin -17.35% +41.8%
  • Operating Margin -18.8% +39.2%
  • Net Margin -0.83% +98.9%
  • ROE -0.89% +98.5%
  • ROIC -23.45% +26.0%
  • Debt/Equity 0.00 -29.4%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 56.4%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y56.36%
3Y44.31%
TTM27.35%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM16.01%

EPS CAGR

10Y-
5Y-
3Y-
TTM22.24%

ROCE

10Y Avg-35.01%
5Y Avg-33.83%
3Y Avg-22.51%
Latest-19.05%

Peer Comparison

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Profit & Loss

Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Sales/Revenue+81.23M152.18M252.65M424.34M579.91M759.25M
Revenue Growth %-0.87%0.66%0.68%0.37%0.31%
Cost of Goods Sold+9.38M18.46M29.98M51.68M59.71M85.14M
COGS % of Revenue0.12%0.12%0.12%0.12%0.1%0.11%
Gross Profit+71.85M133.71M222.67M372.66M520.2M674.11M
Gross Margin %0.88%0.88%0.88%0.88%0.9%0.89%
Gross Profit Growth %-0.86%0.67%0.67%0.4%0.3%
Operating Expenses+200.22M347.6M350.79M584.37M699.97M816.82M
OpEx % of Revenue2.46%2.28%1.39%1.38%1.21%1.08%
Selling, General & Admin140.85M240.95M253.58M428.23M501.25M570.67M
SG&A % of Revenue1.73%1.58%1%1.01%0.86%0.75%
Research & Development59.36M106.64M97.22M156.14M198.72M239.26M
R&D % of Revenue0.73%0.7%0.38%0.37%0.34%0.32%
Other Operating Expenses000006.9M
Operating Income+-128.37M-213.88M-128.96M-211.41M-179.41M-142.72M
Operating Margin %-1.58%-1.41%-0.51%-0.5%-0.31%-0.19%
Operating Income Growth %--0.67%0.4%-0.64%0.15%0.2%
EBITDA+-129.54M-213.66M-127.75M-205.82M-172.88M-131.73M
EBITDA Margin %-1.59%-1.4%-0.51%-0.49%-0.3%-0.17%
EBITDA Growth %--0.65%0.4%-0.61%0.16%0.24%
D&A (Non-Cash Add-back)0222K1.21M5.59M6.54M10.99M
EBIT-129.54M-213.88M-128.96M-211.41M-164.39M-142.72M
Net Interest Income+3.63M1.07M736K14.5M39.11M47.73M
Interest Income3.63M1.07M736K14.5M39.11M47.73M
Interest Expense000000
Other Income/Expense-1.17M24.52M-30.11M33.65M15.02M56.92M
Pretax Income+-129.54M-189.36M-159.07M-177.76M-164.39M-85.79M
Pretax Margin %-1.59%-1.24%-0.63%-0.42%-0.28%-0.11%
Income Tax+1.2M2.83M-1.51M4.03M265.14M-76.67M
Effective Tax Rate %1.01%1.01%0.98%0.98%2.59%0.07%
Net Income+-130.74M-192.19M-155.14M-173.41M-425.68M-6.33M
Net Margin %-1.61%-1.26%-0.61%-0.41%-0.73%-0.01%
Net Income Growth %--0.47%0.19%-0.12%-1.45%0.99%
Net Income (Continuing)-130.74M-192.19M-157.56M-181.79M-429.54M-9.12M
Discontinued Operations000000
Minority Interest0024.4M53.7M46.62M45.4M
EPS (Diluted)+-0.99-1.45-1.06-1.16-2.75-0.04
EPS Growth %--0.46%0.27%-0.09%-1.37%0.99%
EPS (Basic)-0.99-1.45-1.06-1.16-2.75-0.04
Diluted Shares Outstanding132.49M132.49M144.74M148.41M154.28M160.58M
Basic Shares Outstanding132.49M132.49M144.74M148.41M154.28M160.58M
Dividend Payout Ratio------

Balance Sheet

Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Total Current Assets+384.48M348.49M1.05B1.12B1.28B1.34B
Cash & Short-Term Investments343.33M282.85M934.7M936.65M1.04B992.38M
Cash Only343.33M282.85M884.67M295.4M288M227.65M
Short-Term Investments0050.03M641.25M748.29M764.73M
Accounts Receivable24.78M39.65M77.23M134.32M178.46M278.54M
Days Sales Outstanding111.3395.1111.58115.54112.33133.9
Inventory0039.59M49.09M00
Days Inventory Outstanding--481.96346.68--
Other Current Assets10.22M19.2M-14.92M-18.34M33.25M40.28M
Total Non-Current Assets+7.37M14.07M39.59M51.24M36.94M62.95M
Property, Plant & Equipment003.27M6.79M3.36M4.39M
Fixed Asset Turnover--77.24x62.45x172.64x172.79x
Goodwill008.14M8.14M8.14M16.14M
Intangible Assets0797K6.29M3.9M1.73M17.83M
Long-Term Investments00012.68M00
Other Non-Current Assets7.37M13.28M14.37M10.03M23.71M24.58M
Total Assets+391.85M362.57M1.09B1.17B1.32B1.4B
Asset Turnover0.21x0.42x0.23x0.36x0.44x0.54x
Asset Growth %--0.07%2.01%0.07%0.13%0.06%
Total Current Liabilities+77.79M127.18M241.6M306.3M677.16M545.03M
Accounts Payable1.67M3.11M4.98M5.18M1.74M7.52M
Days Payables Outstanding65.1361.560.6736.6110.6232.23
Short-Term Debt000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities6.12M7.14M17.7M23.71M6.43M2.96M
Current Ratio4.94x2.74x4.35x3.65x1.90x2.45x
Quick Ratio4.94x2.74x4.19x3.49x1.90x2.45x
Cash Conversion Cycle--532.86425.6--
Total Non-Current Liabilities+448.81M466.61M50.57M38.18M37.85M32.93M
Long-Term Debt000000
Capital Lease Obligations000413K0117K
Deferred Tax Liabilities0913K379K849K10.56M44K
Other Non-Current Liabilities430.06M435.07M17.62M8.56M3.5M6.4M
Total Liabilities526.6M593.79M292.17M344.48M715.01M577.96M
Total Debt+0001.13M410K392K
Net Debt-343.33M-282.85M-884.67M-294.27M-287.59M-227.26M
Debt / Equity---0.00x0.00x0.00x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage------
Total Equity+-134.75M-231.22M799.27M824.73M606.39M821.31M
Equity Growth %--0.72%4.46%0.03%-0.26%0.35%
Book Value per Share-1.02-1.755.525.563.935.11
Total Shareholders' Equity-134.75M-231.22M774.87M771.02M559.77M775.91M
Common Stock000000
Retained Earnings-206M-398.2M-553.34M-725.65M-1.16B-1.17B
Treasury Stock000000
Accumulated OCI4.09M-19.91M7.72M-705K2.4M-8.51M
Minority Interest0024.4M53.7M46.62M45.4M

Cash Flow

Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Cash from Operations+-60.17M-73.58M-49.81M-77.41M35.04M-63.97M
Operating CF Margin %-0.74%-0.48%-0.2%-0.18%0.06%-0.08%
Operating CF Growth %--0.22%0.32%-0.55%1.45%-2.83%
Net Income-130.74M-192.19M-157.56M-180.7M-424.17M-9.12M
Depreciation & Amortization0222K1.21M5.59M6.54M10.99M
Stock-Based Compensation40.87M111.85M30.01M122.57M163.05M185.9M
Deferred Taxes000000
Other Non-Cash Items12.34M-5.39M53.95M19.98M48.62M39.95M
Working Capital Changes17.36M11.94M22.57M-44.85M241.01M-291.69M
Change in Receivables-13.46M-14.74M-38.22M-54.17M-36.34M-99.65M
Change in Inventory-2.61M2.32M0000
Change in Payables914K1.47M1.88M287K-3.44M5.5M
Cash from Investing+0-842K-53.9M-605.69M-86.24M-30.49M
Capital Expenditures0-933K-3.54M-6.07M-1.6M-3.77M
CapEx % of Revenue-0.01%0.01%0.01%0%0%
Acquisitions------
Investments------
Other Investing091K00-450K-7.2M
Cash from Financing+271.26M12.95M701.18M97.48M45.23M32.62M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing013.77M26.45M58.59M0-4.9M
Net Change in Cash------
Free Cash Flow+-60.17M-73.58M-53.35M-83.48M33.44M-67.74M
FCF Margin %-0.74%-0.48%-0.21%-0.2%0.06%-0.09%
FCF Growth %--0.22%0.27%-0.56%1.4%-3.03%
FCF per Share-0.45-0.56-0.37-0.560.22-0.42
FCF Conversion (FCF/Net Income)0.46x0.38x0.32x0.45x-0.08x10.11x
Interest Paid000000
Taxes Paid1.99M1.9M1.31M838K6.9M190.83M

Key Ratios

Metric202020212022202320242025
Return on Equity (ROE)---54.62%-21.36%-59.49%-0.89%
Return on Invested Capital (ROIC)----71.25%-31.69%-23.45%
Gross Margin88.46%87.87%88.13%87.82%89.7%88.79%
Net Margin-160.96%-126.3%-61.4%-40.87%-73.4%-0.83%
Debt / Equity---0.00x0.00x0.00x
FCF Conversion0.46x0.38x0.32x0.45x-0.08x10.11x
Revenue Growth-87.35%66.03%67.95%36.66%30.93%

Revenue by Segment

2022202320242025
Subscription and Circulation179.56M275.27M355.71M458.88M
Subscription and Circulation Growth-53.30%29.22%29.01%
Subscription, Software As A Service46.6M94.07M150.6M216.3M
Subscription, Software As A Service Growth-101.88%60.09%43.62%
License20.17M46.05M63.11M68.37M
License Growth-128.28%37.06%8.33%
Professional Services and Other6.32M8.94M10.49M15.7M
Professional Services and Other Growth-41.49%17.32%49.70%

Revenue by Geography

2022202320242025
UNITED STATES211.52M352.98M473.02M618.66M
UNITED STATES Growth-66.88%34.01%30.79%
Europe36.48M61.82M93.29M122.65M
Europe Growth-69.47%50.91%31.47%
Asia Pacific4.66M9.54M13.59M17.94M
Asia Pacific Growth-104.96%42.47%31.98%

Frequently Asked Questions

Growth & Financials

GitLab Inc. (GTLB) reported $906.3M in revenue for fiscal year 2025. This represents a 1016% increase from $81.2M in 2020.

GitLab Inc. (GTLB) grew revenue by 30.9% over the past year. This is strong growth.

GitLab Inc. (GTLB) reported a net loss of $42.6M for fiscal year 2025.

Dividend & Returns

GitLab Inc. (GTLB) has a return on equity (ROE) of -0.9%. Negative ROE indicates the company is unprofitable.

GitLab Inc. (GTLB) generated $242.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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