Reading the tape
NASDAQ: GTLB
GitLab Inc.
Technology · Software - Application
Market Cap
$3.74B
52w High
$54.08
52w Low
$18.73
P/E
-65.08
Volume
1.25M
Outstanding Shares
170.13M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
1Y Price: -53.33%Revenue (TTM): 25.81%FCF (TTM): 427.79%P/S: 0th pct
What changed
The stock fell 53.33% over the last year. Revenue grew 25.81% over the trailing twelve months. Operating margin moved from -18.8% to -7.19%. Free cash flow grew 427.79% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently -7.19%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
CEOWilliam Staples
SectorTechnology
IndustrySoftware - Application
Employees2,375
IPO dateOct 14, 2021
Valuation
Forward P/E—
EV/EBITDA-53.52
Enterprise value$5.57B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth23.16%
Gross margin87.38%▼1.48%vs FY2025
Operating margin-7.19%▲35.22%vs FY2025
ROE-5.65%▼592.82%vs FY2025
Analyst consensus
RatingBuy
Target price$36.13▲64.49%
14
Buy
14
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 9, 2026
Q2 FY26 · EPS est $0.21 · Revenue est $254.25M
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