SAN FRANCISCO – GitLab Inc. (NASDAQ: GTLB), a leader in the DevSecOps platform sector, has reported a robust first quarter for fiscal 2025, exceeding analyst expectations for both earnings and revenue. The company announced adjusted earnings per share of $0.03, which was $0.07 higher than the analyst estimate of -$0.04. Revenue for the quarter was equally impressive, coming in at $169.2 million versus the consensus estimate of $165.89 million, marking a significant increase of 33% from the same quarter last year.
The company’s forward-looking expectations also exceeded analyst expectations. For the second quarter of 2025, GitLab expects adjusted earnings per share between $0.09 and $0.10, compared to the consensus of $0.06. Revenue is expected to be between $176 million and $177 million, close to the $177 million consensus. For the full fiscal year 2025, the company expects adjusted earnings per share of $0.34 to $0.37, which is above the analyst consensus of $0.22, and revenue expectations are $733 million to $737 million, slightly above the consensus of $732 million.
GitLab CEO Sid Sijbrandij commented on the company’s success, attributing it to their AI-driven software innovations that streamline the entire software development lifecycle. “Our results show that customers see the value of our end-to-end DevSecOps platform, which allows them to leverage AI across the entire software development lifecycle and increase productivity while creating better and more secure code,” said Sijbrandij.
The company’s financial health was further underscored by significant year-over-year growth in both GAAP and adjusted operating margins and the generation of positive cash flow in the first quarter. GitLab’s operating cash flow was reported at $38.1 million, with adjusted free cash flow of $37.4 million.
Brian Robins, Chief Financial Officer of GitLab, highlighted the company’s strong revenue growth and operational efficiency. “Operating margin increased significantly year-over-year and for the first time, we generated positive cash flow in the first quarter. With GitLab, customers consolidate their spend and deliver results to the business faster, maximizing budgets and increasing their competitiveness increases.” Robin explains.
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