GitLab Inc., an all-remote company and leader in the DevSecOps space, has reported robust financial results for the first quarter of fiscal year 2026, which concluded on April 30, 2025. The results highlight the company’s focus on utilizing AI technologies within its comprehensive DevSecOps platform, reinforcing its commitment to aiding customers in delivering essential software more efficiently.
Bill Staples, the company’s CEO, emphasized the strategic advantage that their AI-native platform provides developers, promoting innovation and efficiency in software development. This emphasis on integration alongside enterprise controls and security is evident in the company’s growth metrics.
GitLab recorded a significant 27% increase in revenue year-over-year, amounting to $214.5 million, compared to $169.2 million in the prior year. Marked improvements in operational efficiency were illustrated by a notable expansion in operating margins. The non-GAAP operating income reached $26.1 million, a substantial turnaround from a loss of $3.8 million in the same quarter last year.
In addition to financial growth, the company also reported a steady increase in customer base. Customers with annual recurring revenue (ARR) exceeding $5,000 increased by 13% year-over-year, reaching 10,104, while those with ARR over $100,000 surged by 26% to 1,288. GitLab’s Dollar-Based Net Retention Rate stood at a healthy 122%, indicating strong customer loyalty and upsell potential.
GitLab’s recent innovations, particularly with the launch of GitLab 18 which includes key advancements in security, compliance, and AI integration, further position the company for future growth. The new features within the platform are expected to enhance continuous integration and delivery pipelines, streamlining workflows for developers.
Business-wise, GitLab has achieved notable milestones, including the partnership with Amazon Q to integrate autonomous agents into its platform, and receiving the coveted Authority to Operate status from FedRAMP for GitLab Dedicated for Government.
Looking ahead, GitLab remains optimistic, projecting revenue between $936 million to $942 million for the full fiscal year and a solid non-GAAP operating income for the second quarter anticipated at $23.0 – $24.0 million.
The company’s success underlines a promising outlook for both its financial health and its role in the DevSecOps market, as it continues to push boundaries with innovative technology solutions. This surge not only highlights GitLab’s resilience but also its capability to navigate the evolving demands of the software development landscape while remaining dedicated to enhancing developer productivity.