GitLab Inc. (GTLB) Q2 2027 Earnings Results

GitLab Beats on EPS, Stock Down 3.12%

GitLab's strong earnings report, particularly the impressive EPS beat, reflects the company's robust growth trajectory. However, the stock reacted negatively, declining by 3.12%, possibly due to profit-taking or market conditions. The significant growth in net ARR and gross bookings indicates strong demand, especially with the introduction of the Flex model, which could drive future performance.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.24	N/A	+442.86%
Revenue	$286.3 million	N/A	N/A
Net ARR Growth	42%	N/A	N/A
Dollar-based Net Retention	117%	N/A	N/A

Management

Management commentary

Tone: Confident

Management expressed confidence in the company's performance, highlighting significant revenue growth and a record number of gross bookings. They noted the positive impact of the new consumption model, Flex, on customer acquisition.

Q2 FY27 revenue exceeded guidance by approximately 5 points.

We recorded our largest gross bookings quarter in history.

GitLab Beats on EPS, Stock Down 3.12%

Key numbers

Management commentary

GitLab Inc.

More earnings this week

GitLab Beats on EPS, Stock Down 3.12%

Key numbers

Management commentary