GitLab reports Q1 non-GAAP EPS of $0.23 and revenue growth of 23.1% year-over-year, exceeding analyst expectations.
GitLab reported first-quarter non-GAAP earnings per share of $0.23, beating estimates by $0.03, as revenue rose 23.1% year-over-year to $264.16M. The company surpassed revenue expectations by $9.64M.
The results reflect continued demand for GitLab’s DevOps platform, with revenue growth accelerating from prior quarters. Analysts had anticipated lower earnings and revenue figures for the period.
GitLab also provided financial guidance for the second quarter and fiscal year 2027, outlining expectations for continued growth.