GitLab reported second-quarter fiscal 2027 revenue of $286.3 million, increasing 21% year over year, as record gross bookings and net ARR growth exceeding 40% highlighted demand for its DevSecOps platform.
GAAP gross margin was 84%, while non-GAAP gross margin was 86%.
GitLab reported a GAAP operating loss of $56.9 million, compared with $18.4 million a year earlier, while non-GAAP operating income reached $42.6 million.
GAAP net loss attributable to GitLab was $36.8 million, or $0.22 per share. Non-GAAP net income was $42.1 million, or $0.24 per diluted share.
Customers generating more than $5,000 of ARR increased 8% to 11,114, while customers with more than $100,000 of ARR increased 17% to 1,571.
Dollar-based net retention was 117%, total remaining performance obligations increased 16% to $1.2 billion, and current RPO increased 20% to $744.7 million.
GitLab also introduced GitLab Flex, launched GitLab Secrets Manager and released GitLab Orbit in public beta. The company said internal testing showed Orbit could help AI agents respond up to 11 times faster with up to 45 times fewer hallucinations.
For fiscal 2027, GitLab expects revenue of $1.129 billion to $1.133 billion, non-GAAP operating income of $148 million to $152 million and non-GAAP diluted EPS of $0.85 to $0.87.
Third-quarter revenue is expected to range from $281 million to $283 million.
KEY QUOTES:
“Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year. As AI drives more software creation and more work through the development lifecycle, the context, security, governance and control GitLab provides become increasingly valuable. We believe this creates a significant opportunity for GitLab as humans and agents increasingly build software together.”
Bill Staples, Chief Executive Officer of GitLab
“I am proud of our team’s performance, which delivered revenue growth of 21% and continued improvement across the business. We saw sequential acceleration in dollar-based net retention and meaningful operating leverage, reflecting the strength of our execution and the increasing scalability of our model. These results demonstrate the durability of our growth opportunity and our ability to create long-term value.”
Jessica Ross, Chief Financial Officer of GitLab
