Summary by Moomoo AI
GitLab Inc. reported strong financial results for Q3 FY2025, with revenue increasing 31% year-over-year to $196.0 million. The company achieved a significant milestone by posting net income attributable to GitLab of $29.6 million, compared to a net loss of $285.2 million in the same period last year. Subscription revenue grew 34% to $175.3 million, while the customer base expanded to 9,519 base customers and 1,144 customers with ARR over $100,000, representing increases of 16% and 31% respectively.The company demonstrated solid operational execution with a Dollar-Based Net Retention Rate of 124%. Gross margin remained healthy at 89%, though slightly down from 90% in the prior year period. GitLab also announced a leadership transition, with co-founder Sytse Sijbrandij stepping down as CEO to become Executive Chair, and William Staples appointed as the new...Show More
