GitLab posts transcript of Q1 FY2027 earnings call

GITLAB INC.

GITLAB INC.

GTLB

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  • GitLab Q1 FY27 earnings call drew CEO Bill Staples, CFO Jessica Ross, investor relations lead Yaoxian Chew.
  • Revenue $264 million, up 23%; non-GAAP operating income $38 million, margin 14%; dollar-based net retention 117%.
  • Customers above $100,000 ARR rose 18% to 1,519; management flagged seat contraction from customer layoffs, M&A, pressure in price-sensitive cohort.
  • Workforce restructuring targets 14% reduction, about 350 roles; expected pre-tax charges $30 million-$35 million, about $19 million in Q2.
  • Raised FY27 revenue outlook to $1.112 billion-$1.118 billion; Q2 revenue seen at $272 million-$274 million; repurchased 2.4 million shares.


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