On June 3, 2024, GitLab Inc. reported its financial results for the first fiscal quarter of 2025, which ended on April 30, 2024. The company announced a 33% year-over-year increase in total revenue, reaching $169.2 million. GitLab also experienced significant expansion in both GAAP and Non-GAAP operating margins and reported operating cash flow of $38.1 million and Non-GAAP adjusted free cash flow of $37.4 million. GitLab's CEO, Sid Sijbrandij, highlighted the company's AI-driven software innovations and the value customers find in their end-to-end DevSecOps platform. CFO Brian Robins emphasized the strong top-line growth and the company's achievement of positive first-quarter cash flow for the first time. GitLab also announced a conference call to discuss these financial results...Show More

On June 3, 2024, GitLab Inc. reported its financial results for the first fiscal quarter of 2025, which ended on April 30, 2024. The company announced a 33% year-over-year increase in total revenue, reaching $169.2 million. GitLab also experienced significant expansion in both GAAP and Non-GAAP operating margins and reported operating cash flow of $38.1 million and Non-GAAP adjusted free cash flow of $37.4 million. GitLab's CEO, Sid Sijbrandij, highlighted the company's AI-driven software innovations and the value customers find in their end-to-end DevSecOps platform. CFO Brian Robins emphasized the strong top-line growth and the company's achievement of positive first-quarter cash flow for the first time. GitLab also announced a conference call to discuss these financial results. Additionally, the company provided its financial outlook for the second quarter and the full fiscal year of 2025, which includes an estimated $4 million headwind to revenue guidance due to a completed stand-alone selling price allocation analysis. Despite this, the guidance has been raised to align with the first quarter's top-line performance. GitLab's forward-looking statements are subject to various risks and uncertainties, and actual results may differ materially.