GitLab Inc. (NASDAQ:GTLB) posted its fiscal second-quarter 2027 results after Tuesday’s closing bell, topping analyst estimates and raising its full-year outlook. Here’s a look at the details inside the report.
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GitLab Q2 Details
GitLab reported adjusted/non-GAAP earnings of 24 cents per share 24 cents, which beat the consensus estimate of 18 cents, per Benzinga Pro data.
Quarterly revenue came in at $286.25 million, which beat the Street estimate of $273.12 million and was up from $235.96 million in the same period last year.
GitLab reported the following second-quarter highlights:
- First Order growth of more than 100% year-on-year.
- Customers with more than $5,000 of ARR reached 11,114, an increase of 8% year-over-year.
- Customers with more than $100,000 of ARR reached 1,571, an increase of 17% year-over-year.
- Dollar-Based Net Retention Rate was 117%.
- Total RPO grew 16% year-over-year to $1.2 billion, while cRPO grew 20% to $744.7 million.
“Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year,” said Bill Staples, GitLab CEO.
“As AI drives more software creation and more work through the development lifecycle, the context, security, governance and control GitLab provides become increasingly valuable,” Staples added.
Looking Ahead
GitLab raised its fiscal 2027 adjusted EPS guidance to between 85 cents and 87 cents, versus the 81 cent analyst estimate, and raised its revenue outlook to between $1.129 billion and $1.133 billion, versus the $1.12 billion estimate.
GTLB Stock Price: According to data from Benzinga Pro, GitLab stock was up 20.20% to $54.20 in Tuesday’s extended trading.
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