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Software company making a DevSecOps platform that manages the entire software development lifecycle in one tool.
Software company making a DevSecOps platform that manages the entire software development lifecycle in one tool.
Sells subscriptions priced per user per year in tiers, either as a hosted service or as software customers run themselves, with a free base version that brings developers in before companies pay for higher tiers that add security and compliance tools. Revenue is recurring and grows when customers add seats or move to a pricier tier.
Moat: narrow (switching costs, installed base). An all-in-one DevOps platform embeds source code, pipelines and security, making a full switch highly disruptive.
Headquarters: San Francisco, California, US (all-remote company) · Founded: 2011 · Employees: 2,580
Size Gitlab (GTLB) is a United States Information Technology company (Packaged Software) with a market value of $8.01B, the 882nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.09 on 6 Nov 2026.
Performance Over six months the shares gained 85.1%, against +7.7% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 23.0% over the last twelve months (peer median +19.6%); the operating margin is -8.1% (peer median 11.2%).
Valuation It trades at 55.0× forward earnings against a peer median of 48.7× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +44%, so the hurdle is -26 pp: the price already allows for a slowdown.
Backlog Backlog (remaining performance obligations) was $1.20B at 31 Jul 2026, up 21% on a year earlier — 1.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 8.1% of the free float (15 Oct 2026).
Next results Next results expected around 7 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.06B | $955M | $759M | $580M | $424M |
| Revenue growth | — | +26% | +31% | +37% | — |
| Gross profit | $905M | $835M | $674M | $521M | $372M |
| EBITDA | -$72.5M | -$57.5M | -$125M | -$173M | -$206M |
| Net income | -$52.7M | -$56.0M | -$6.33M | -$426M | -$172M |
| Free cash flow | $214M | $222M | -$67.7M | $33.4M | -$83.5M |
| Capital expenditure | $9.62M | $10.8M | $11.4M | $1.60M | $6.07M |
| Total debt | $0 | $0 | $392,000 | $410,000 | $1.13M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gitlab GTLB | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| Atlassian TEAM | $38.7B | +5% | +26% | 4% | 28.7× | 44.7% |
| JFrog FROG | $12.5B | +43% | +26% | -13% | 89.6× | 37.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GTLB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -1.5% | 6th lowest of 21 |
| 6-month return | +85.1% | +7.7% | highest of 21 |
| Distance from 52-week high | -17.1% | -29.2% | 5th highest of 21 |
| Revenue growth (TTM) | +23.0% | +19.6% | 6th highest of 21 |
| Operating margin | -8.1% | 11.2% | 6th lowest of 21 |
| Forward P/E | 55.0× | 48.7× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 18.8% | 19.8% | 9th least demanding of 18 |
| Growth delivered (Del g) | +44.4% | +18.4% | 3rd highest of 18 |
| Hurdle (Req g minus delivered) | -25.6 pp | -4.9 pp | least demanding of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% | +6.9% |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 28.2× | 49.7% | +28.8% |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 17.0× | -6.9% | +6.5% |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 357.4× | n/a | n/a |
| Xero XRO.AX | Australia | $8.36B | -13% | +27% | 13% | 66.7× | 25.9% | +25.3% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 32.3× | 2.7% | +18.8% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 29.9× | 11.1% | +14.8% |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 159.5× | n/a | n/a |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 54.7× | 53.7% | +60.8% |
| Clear Secure YOU | United States | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% | +31.3% |
| Dropbox DBX | United States | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% | +5.7% |
| CSG Digital Power Grid Research Institute 301638.SZ | China | $8.52B | -37% | +18% | 10% | n/a | 18.0% | +8.2% |
| Duolingo DUOL | United States | $7.51B | +49% | +23% | 12% | 52.6× | 19.8% | +45.0% |
| DigitalOcean DOCN | United States | $8.55B | -56% | +28% | 12% | 44.7× | 41.6% | +23.1% |
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% | -5.7% |
| Technology One TNE.AX | Australia | $7.40B | +15% | +14% | 29% | 56.7× | 33.3% | +14.9% |
| Netskope NTSK | United States | $8.70B | +83% | +30% | -94% | n/a | n/a | n/a |
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
Gitlab reported $1.20B of remaining performance obligations at 31 Jul 2026, up 21% from a year earlier and up 9% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.35.