GitLab Inc. reported strong financial results for Q1 FY2025, with total revenue increasing 33% year-over-year to $169.2 million. Subscription revenue grew 36% to $151.2 million, while license and other revenue rose 15% to $18.0 million. The company's customer base continued to expand, with Base Customers growing 21% to 8,976 and customers with ARR over $100,000 increasing 35% to 1,025. Dollar-Based Net Retention Rate remained robust at 129%.Operating loss was $53.6 million compared to $58.2 million in Q1 FY2024, reflecting continued investments in growth initiatives. Gross margin remained stable at 89%, while operating expenses increased to $204.1 million from $171.2 million last year. The company recorded stock-based compensation expense of $42.3 million, up from $32.3 million in the prior year period.Looking ahead, GitLab continues to focus on innovation and market expansion, including the acquisition of Oxeye Security Limited for $20.3 million to strengthen its product offerings. The company maintained strong liquidity with $420.3 million in cash and cash equivalents and $641.2 million in short-term investments as of April 30, 2024. Management remains committed to balancing growth investments with operational efficiency improvements.

GitLab Inc. reported strong financial results for Q1 FY2025, with total revenue increasing 33% year-over-year to $169.2 million. Subscription revenue grew 36% to $151.2 million, while license and other revenue rose 15% to $18.0 million. The company's customer base continued to expand, with Base Customers growing 21% to 8,976 and customers with ARR over $100,000 increasing 35% to 1,025. Dollar-Based Net Retention Rate remained robust at 129%.Operating loss was $53.6 million compared to $58.2 million in Q1 FY2024, reflecting continued investments in growth initiatives. Gross margin remained stable at 89%, while operating expenses increased to $204.1 million from $171.2 million last year. The company recorded stock-based compensation expense of $42.3 million, up from $32.3 million in the prior year period.Looking ahead, GitLab continues to focus on innovation and market expansion, including the acquisition of Oxeye Security Limited for $20.3 million to strengthen its product offerings. The company maintained strong liquidity with $420.3 million in cash and cash equivalents and $641.2 million in short-term investments as of April 30, 2024. Management remains committed to balancing growth investments with operational efficiency improvements.