GTLB - GitLab Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$34.63
DETAILS
HIGH:
$60.00
LOW:
$24.00
MEDIAN:
$30.50
CONSENSUS:
$34.63
UPSIDE:
29.55%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 955.2 | 759.2 | 579.9 | 424.3 | 252.7 | 152.2 | 81.2 |
| Cost of Revenue | 120.7 | 85.1 | 59.7 | 51.7 | 30.0 | 18.5 | 9.4 |
| Gross Profit | 834.5 | 674.1 | 520.2 | 372.7 | 222.7 | 133.7 | 71.9 |
| Operating Expenses | |||||||
| R&D Expenses | 274.6 | 239.7 | 200.8 | 156.1 | 97.2 | 106.6 | 59.4 |
| SG&A Expenses | 630.4 | 577.2 | 506.8 | 427.9 | 254.4 | 241.0 | 140.9 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 905.0 | 816.8 | 707.6 | 584.1 | 351.6 | 347.6 | 200.2 |
| Operating Income | |||||||
| Operating Income | (70.5) | (142.7) | (187.4) | (211.4) | (129.0) | (213.9) | (128.4) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 45.7 | 47.7 | 39.1 | 14.5 | 0.7 | 1.1 | 3.6 |
| Profitability | |||||||
| EBITDA | (59.1) | (131.7) | (180.9) | (205.8) | (127.7) | (213.7) | (128.4) |
| EBIT | (70.5) | (142.7) | (187.4) | (211.4) | (129.0) | (213.9) | (128.4) |
| Income Before Tax | (48.1) | (85.8) | (164.4) | (177.8) | (159.1) | (189.4) | (129.5) |
| Income Tax Expense | 10.5 | (76.7) | 265.1 | 4.0 | (1.5) | 2.8 | 1.2 |
| Net Income | (56.0) | (6.3) | (425.7) | (173.4) | (155.1) | (192.2) | (130.7) |
| Per Share Data | |||||||
| EPS (Basic) | -0.35 | -0.04 | -2.75 | -1.16 | -1.06 | -1.45 | -0.99 |
| EPS (Diluted) | -0.35 | -0.04 | -2.75 | -1.16 | -1.06 | -1.45 | -0.99 |
| Shares Outstanding | 165.8 | 160.6 | 154.3 | 148.4 | 144.7 | 132.5 | 132.5 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 229.6 | 227.6 | 288.0 | 295.4 | 884.7 | 282.9 | 343.3 |
| Short-Term Investments | 1,030.3 | 764.7 | 748.3 | 641.2 | 50.0 | 0 | 0 |
| Net Receivables | 304.3 | 278.5 | 178.5 | 134.3 | 77.2 | 39.7 | 24.8 |
| Inventory | 0 | 0 | 0 | 49.1 | 39.6 | 0 | 0 |
| Other Current Assets | 91.6 | 40.3 | 33.3 | (18.3) | (14.9) | 19.2 | 10.2 |
| Total Current Assets | 1,655.8 | 1,336.3 | 1,284.5 | 1,118.0 | 1,051.8 | 348.5 | 384.5 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 11.8 | 4.4 | 3.4 | 6.8 | 3.3 | 0 | 0 |
| Goodwill | 17.4 | 16.1 | 8.1 | 8.1 | 8.1 | 0 | 0 |
| Intangible Assets | 9.8 | 17.8 | 1.7 | 3.9 | 6.3 | 0.8 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 12.7 | 0 | 0 | 0 |
| Other Non-Current Assets | 28 | 24.6 | 23.7 | 10.0 | 14.4 | 13.3 | 7.4 |
| Total Non-Current Assets | 67.0 | 62.9 | 36.9 | 51.2 | 39.6 | 14.1 | 7.4 |
| Total Assets | 1,722.7 | 1,399.3 | 1,321.4 | 1,169.2 | 1,091.4 | 362.6 | 391.8 |
| Current Liabilities | |||||||
| Account Payables | 9.2 | 7.5 | 1.7 | 5.2 | 5.0 | 3.1 | 1.7 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 545.1 | 442.6 | 338.3 | 254.4 | 179.2 | 103.5 | 61.5 |
| Other Current Liabilities | 58.2 | 3.0 | 6.4 | 23.7 | 17.7 | 7.1 | 6.1 |
| Total Current Liabilities | 652.1 | 545.0 | 677.2 | 306.3 | 241.6 | 127.2 | 77.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0.0 | 10.6 | 0.8 | 0.4 | 0.9 | 0 |
| Other Non-Current Liabilities | 34.4 | 6.4 | 3.5 | 8.6 | 17.6 | 435.1 | 430.1 |
| Total Non-Current Liabilities | 34.4 | 32.9 | 37.9 | 38.2 | 50.6 | 466.6 | 448.8 |
| Total Liabilities | 686.5 | 578.0 | 715.0 | 344.5 | 292.2 | 593.8 | 526.6 |
| Stockholders' Equity | |||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (1,223.6) | (1,167.6) | (1,161.3) | (725.6) | (553.3) | (398.2) | (206.0) |
| Accumulated Other Comprehensive Income | 6.9 | (8.5) | 2.4 | (0.7) | 7.7 | (19.9) | 4.1 |
| Total Stockholders' Equity | 990.7 | 775.9 | 559.8 | 771.0 | 774.9 | (231.2) | (134.7) |
| Total Liabilities & Equity | 1,722.7 | 1,399.3 | 1,321.4 | 1,169.2 | 1,091.4 | 362.6 | 391.8 |
| Debt Metrics | |||||||
| Total Debt | 0 | 0.4 | 0.4 | 1.1 | 0 | 0 | 0 |
| Net Debt | (229.6) | (227.3) | (287.6) | (294.3) | (884.7) | (282.9) | (343.3) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (56.0) | (9.1) | (429.5) | (181.8) | (157.6) | (192.2) | (130.7) |
| Depreciation & Amortization | (0.1) | 11.0 | 6.5 | 5.6 | 1.2 | 0.2 | 0 |
| Stock-Based Compensation | 215.0 | 185.9 | 163.0 | 122.6 | 30.0 | 111.8 | 40.9 |
| Change in Working Capital | (8.5) | (291.7) | 242.3 | (43.5) | 22.6 | 11.9 | 17.4 |
| Other Non-Cash Items | 82.5 | 39.9 | 52.7 | 19.7 | 54.0 | (5.4) | 12.3 |
| Operating Cash Flow | 232.9 | (64.0) | 35.0 | (77.4) | (49.8) | (73.6) | (60.2) |
| Investing Activities | |||||||
| Capital Expenditure | (10.8) | (3.8) | (1.6) | (6.1) | (3.5) | 0 | 0 |
| Acquisitions | 0 | (20.2) | 0 | 61.7 | 26.1 | 0 | 0 |
| Purchases of Investments | (1,011.5) | (707.7) | (815.7) | (821.6) | (100.0) | 0 | 0 |
| Sales/Maturities of Investments | 755.0 | 708.4 | 734.0 | 231.6 | 50 | 0 | 0 |
| Other Investing Activities | 0 | 0.5 | (3.0) | (9.6) | 0 | 0.1 | 0 |
| Investing Cash Flow | (267.3) | (30.5) | (86.2) | (544.0) | (27.4) | (0.8) | 0 |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | (0.6) | (0.8) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.9) | (4.9) | 0 | (3.1) | 0 | 13.8 | 0 |
| Financing Cash Flow | 34.8 | 32.6 | 45.2 | 35.8 | 674.7 | 12.9 | 271.3 |
| Cash Position | |||||||
| Net Change in Cash | 1.9 | (60.3) | (9.9) | (586.8) | 601.8 | (60.5) | 343.3 |
| Cash at Beginning | 227.6 | 288.0 | 297.9 | 884.7 | 282.9 | 343.3 | 0 |
| Cash at End | 229.6 | 227.6 | 288.0 | 297.9 | 884.7 | 282.9 | 343.3 |
| Free Cash Flow | 222.0 | (67.7) | 33.4 | (83.5) | (53.4) | (73.6) | (60.2) |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 955.2 | 759.2 | 579.9 | 424.3 | 252.7 | 152.2 | 81.2 |
| Gross Profit | 834.5 | 674.1 | 520.2 | 372.7 | 222.7 | 133.7 | 71.9 |
| Operating Income | (70.5) | (142.7) | (187.4) | (211.4) | (129.0) | (213.9) | (128.4) |
| Net Income | (56.0) | (6.3) | (425.7) | (173.4) | (155.1) | (192.2) | (130.7) |
| EPS (Diluted) | -0.35 | -0.04 | -2.75 | -1.16 | -1.06 | -1.45 | -0.99 |
| Balance Sheet | |||||||
| Cash & Equivalents | 229.6 | 227.6 | 288.0 | 295.4 | 884.7 | 282.9 | 343.3 |
| Total Assets | 1,722.7 | 1,399.3 | 1,321.4 | 1,169.2 | 1,091.4 | 362.6 | 391.8 |
| Total Debt | 0 | 0.4 | 0.4 | 1.1 | 0 | 0 | 0 |
| Stockholders' Equity | 990.7 | 775.9 | 559.8 | 771.0 | 774.9 | (231.2) | (134.7) |
| Cash Flow | |||||||
| Operating Cash Flow | 232.9 | (64.0) | 35.0 | (77.4) | (49.8) | (73.6) | (60.2) |
| Capital Expenditure | (10.8) | (3.8) | (1.6) | (6.1) | (3.5) | 0 | 0 |
| Free Cash Flow | 222.0 | (67.7) | 33.4 | (83.5) | (53.4) | (73.6) | (60.2) |