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GitLab Inc. (GTLB)

NEUTRAL
TechnologySoftware - InfrastructureUnited States

Fundamental

46

Price

$41.79

Market Cap

$7.06B

Part 1 · What the company is worth

Overview

GitLab Inc., together with its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company provides GitLab, an intelligent orchestration platform for DevSecOps, which is a single application offering the entire software development lifecycle, including software, project plans, code, security scans, compliance checks, and deployment configurations. It also offers the GitLab Duo Agent Platform, which enables intelligent orchestration of teams and AI agents to execute tasks autonomously across planning, development, security, and deployment. This platform combines conversational AI assistance, purpose-built agents for specialized tasks, workflow automation, and enterprise controls. In addition, it offers related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011 and is based in San Francisco, California.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$1.00B

Trailing 12 months (through 4/30/2026)

Net Income

$-25M

Trailing 12 months (through 4/30/2026)

Free Cash Flow

$222M

Total Equity

$991M

Total Liabilities

$686M

Current Ratio

2.55

Interest Coverage

-

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Fairly Valued

Fair Value

$36.78

Current Price

$41.79

Margin of Safety

-13.6%

Fair Value Range

$34.94 - $38.62

Estimation Methods

Analyst Target:$36.78
DCF:-
PE-based:-
Graham Growth:-
EPV:-
Analyst Consensus:Hold (13B / 20H / 2S)
Last Earnings Surprise:+8.85%

Valuation Metrics

P/E Ratio

-

ROE

-5.6%

P/B Ratio

7.16

P/FCF

26.77

Gross Margin

86.7%

ROIC

-3.8%

Profitability Radar

Value Creation (Economic Moat)

ROIC

-3.8%

WACC

9.8%

ROIC − WACC

-13.6 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (11)

  • EPS shows upward trend
  • Gross Margin 86.7%
  • P/FCF 26.77
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Low reliance on intangibles
  • Revenue Growth 5Y 44.4%
  • Earnings Surprise avg 25.6%
  • Piotroski F-Score 5/9

Failed (10)

  • Price CAGR -13.69%
  • ROIC -3.8%
  • P/B Ratio 7.16
  • Operating Margin -5.1%
  • Return on Tangible Assets
  • DCF valuation (Unknown)
  • ROE -2.7%
  • Analyst Consensus 37% Buy
  • Share Dilution 4.1%
  • Net Margin Trend -2.5% vs 1.6%

Unavailable (6)

  • Dividend Payout NaN%
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

4.1%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Mr. Sytse SijbrandijCo-Founder & Executive Chairman45
Mr. William StaplesCEO & Director52
Ms. Jessica P. RossChief Financial Officer48
Mr. James ShenVP of Finance & Director of Corporate Finance-
Mr. Sivaprasad PadisettyChief Technology Officer56
Mr. Ian StewardChief Revenue Officer37
Mr. Simon MundyChief Accounting Officer & Principal Accounting Officer41
Mr. Manu NarayanChief Information Officer-
Mr. Yaoxian ChewVice President of Investor Relations-
Mr. Thomas LloydChief Business & Legal Officer41

Audit Risk

9

Board Risk

7

Compensation Risk

9

Shareholder Rights Risk

10

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for GTLB, sourced from Markets Gazette.

  • 6/2/2026POSITIVE
    GitLab Stock Rallies After Q1 Earnings — Here's Why

    GitLab Inc. reported strong Q1 earnings, leading to a significant rally in its stock price. While specific figures were not detailed in the provided snippet, the positive market reaction suggests the company exceeded analyst expectations or provided an optimistic forward-looking guidance. Investors are likely encouraged by GitLab's performance, indicating robust growth in its software development platform. This positive sentiment may signal continued market share gains and increasing demand for its solutions, potentially driving further upside for the stock.

  • 4/21/2026POSITIVE
    GitLab Stock Jumps After The Close: Here's Why

    GitLab Inc. shares experienced a significant surge in after-hours trading following the announcement of a strategic collaboration with Amazon Web Services (AWS). This partnership is expected to enhance GitLab's cloud-native capabilities and expand its market reach by integrating its DevOps platform with AWS's extensive cloud infrastructure. Investors are viewing this development positively, anticipating increased adoption and revenue growth as the integration makes GitLab's solutions more accessible and appealing to a broader customer base within the rapidly growing cloud computing sector.

  • 4/14/2026POSITIVE
    GitLab Stock Jumps On Expanded AI Collaboration With Google Cloud

    GitLab Inc. (NASDAQ:GTLB) experienced a significant surge in its stock price during extended trading following the announcement of an expanded collaboration with Google Cloud. This strategic partnership is expected to enhance GitLab's offerings in the rapidly growing artificial intelligence sector, potentially driving new customer acquisition and revenue streams. Investors are viewing this development positively, anticipating that the integration with Google Cloud's robust AI capabilities will strengthen GitLab's competitive position and accelerate its growth trajectory in the cloud-based DevOps platform market.

  • 3/9/2026NEGATIVE
    Why GitLab Stock Plummeted 24.8% Last Month and Has Kept Falling in March

    GitLab Inc. experienced a significant downturn in February, with its stock price plummeting 24.8%. This bearish sentiment has continued into March, indicating sustained investor concern. While the article does not specify the exact reasons for this sharp decline, such a substantial drop typically suggests negative news or a reassessment of the company's growth prospects and valuation by the market. Investors are likely reacting to factors such as missed earnings expectations, increased competition, or a revised outlook for the software development platform.

  • 3/9/2026NEUTRAL
    Is Now the Time to Buy Beaten-Up GitLab?

    GitLab Inc. (GTLB) has experienced a significant decline in its stock price over the past year, leading to questions about its current valuation and potential as a buying opportunity. While the article highlights the stock's poor performance, it does not provide specific financial data, earnings reports, or forward-looking guidance that would indicate a clear directional bias. Investors considering GitLab should conduct further due diligence into the company's fundamentals, competitive landscape, and future growth prospects before making any investment decisions.

  • 3/4/2026NEGATIVE
    Why GitLab Stock Plunged 13.5% This Morning

    GitLab Inc. stock plunged 13.5% this morning, despite a strong earnings report. Investors appear concerned about larger macroeconomic or strategic factors overshadowing the positive financial results. This decline suggests that while short-term fundamentals may be robust, market sentiment is heavily influenced by broader fears, potentially related to competition, valuation, or future growth prospects. For investors, it serves as a cautionary signal, indicating that even companies with solid performance can experience sharp corrections due to negative market perceptions.

  • 3/3/2026NEUTRAL
    GitLab (GTLB) Q4 2026 Earnings Call Transcript

    Collaborative source code management company GitLab Inc. has released the transcript of its Q4 fiscal year 2026 earnings call. While the detailed content of the transcript is not available, the release itself signifies a standard financial reporting event. Investors will scrutinize management's commentary, future projections, and analyst Q&A responses to gauge the company's performance and outlook. Without specific figures, the immediate impact is neutral, but the transcript serves as a key resource for future assessments.

  • 2/26/2026NEGATIVE
    Whetstone Capital Exits GitLab as Enterprises Rethink AI-Driven Software Development Tools

    Whetstone Capital Advisors has divested its entire stake in GitLab, a unified DevOps platform, amidst a rapidly evolving market increasingly shaped by artificial intelligence. This strategic move by an institutional investor raises significant questions about GitLab's ability to maintain its competitive edge in the enterprise software development arena, which is increasingly focused on AI integration and platform consolidation. Whetstone's decision suggests potential uncertainty regarding GitLab's future positioning in a sector where innovation and adaptation to new AI technologies are paramount. Investors should closely monitor how GitLab plans to address these competitive challenges.

via Markets Gazette