Company Analysis

GitLab Inc. (GTLB)

Nasdaq: GTLB · Services-Prepackaged Software · San Francisco, CA · filing with the SEC since 2015
Grade5.4
◀ Past 4.5● Present 5.1▶ Future 6.3

The grade of GitLab Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.4/10
◀ Past4.525% of the headline
● Present5.135% of the headline
▶ Future6.340% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.3/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2025-06-11.

weight 22% of this tense · 33rd percentile among 230 sector filers · read for itself

From the record

GitLab Inc.'s filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-06-11) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.3/10

What has it actually done, year after year?

+50.8% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 63rd percentile among 213 sector filers · read for its customers

From the record

GitLab Inc.'s 7 filed years say what it did: revenue went from $81 million in fiscal 2020 to $955 million in fiscal 2026, up 50.8% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span50.8%top 12% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 17% of its family
  • the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.9/10

How has it treated the people who own it?

Share count grew 4.0% a year. 0% of cash flow returned. Insiders: 54 sales, 5 purchases.

weight 33% of this tense · 29th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-01-31, GitLab Inc.'s diluted share count grew about 4.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 54 sales (29 under scheduled 10b5-1 plans) and 5 purchases of their own stock on the open market in the year to 2026-10-21, buying about $501 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 44% of its family
  • cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.1/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE -5%: lost 5¢ per shareholder dollar. Leverage 40%: owes 40¢ per asset dollar.

weight 45% of this tense · 56th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-01-31, GitLab Inc. lost about 5 cents for every dollar of shareholders' money, and gross profitability: its products earned about 48 cents per dollar of everything the company owns. Leverage: it owed about 40 cents per dollar of assets, and net share issuance: its share count grew 3.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 43% of its family
  • return on equitybottom 44% of its family
  • gross profit against assetstop 23% of its family
  • the share count against the year beforebottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.6/10

How strong is its position in its industry?

top 34% of 218 in its family; net margin -5.9%.

weight 33% of this tense · 66th percentile among 218 sector filers · read for its customers

From the record

GitLab Inc.'s standing among 218 graded names in its industry family: revenue of $955 million in fiscal 2026 ranks in the top 33% by size; a net margin of -5.9% ranks in the bottom 44%; revenue growth of 31.1% a year over the last 3 filed years ranks in the top 14% (its annual reports).

What it rests on

  • revenue against the family$955Mtop 33% of its family
  • net margin-5.9%bottom 44% of its family
  • three-year revenue growth31.1%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.9/10

What are the people in charge doing?

bottom 19% of 139 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 19th percentile among 139 sector filers · read for its shareholders

From the record

GitLab Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Staples, William (Chief Executive Officer, as filed), filing under that title since 2024-12-16, 1.9 years (bottom 26% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 2.8 years (bottom 10%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 20%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge14 in three years among 17 peoplebottom 20% of its family
  • the median years the people in charge have filed2.8 yearsbottom 10% of its family
  • the chief executive's years on the record1.9 yearsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.3/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.2/10

How much room does it have to grow?

top 28% of 216 in its family for room to expand.

weight 22% of this tense · 72nd percentile among 216 sector filers · read for itself

From the record

GitLab Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $230 million against no long-term debt tagged leaves 13.3% of its assets as net cash, bottom 49% of its family; cash from operations less capital spending is 23.2% of revenue (top 28%); a gross margin of 87.4% (top 6%); research spending of 28.7% of revenue (top 28%) (its annual report).

What it rests on

  • cash less debt against assets13.3%bottom 49% of its family
  • cash from operations less capital spending against revenue23.2%top 28% of its family
  • gross margin87.4%top 6% of its family
  • research spending against revenue28.7%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.3/10

What could actually drive growth from here?

top 37% of 213 in its family for growth drivers.

weight 45% of this tense · 63rd percentile among 213 sector filers · read for its customers

From the record

GitLab Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 31.1% a year over the last three filed years against 50.8% over all 7, slowing (bottom 17% of its family); the newest year grew 25.8% (top 23%); research spending grew 20.7% a year (top 17%); capital spending grew 21.3% a year (top 26%) (its annual reports). GitLab Inc. reported 4 product lines in fiscal 2026: Subscription and Circulation at $568 million (60%), Subscription Software As A Service at $296 million (31%), License at $69 million (7%), and 1 more; 4 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-19.7 points a yearbottom 17% of its family
  • the newest year's revenue growth25.8%top 23% of its family
  • three-year growth of research spending20.7%top 17% of its family
  • three-year growth of capital spending21.3%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.7/10

Did its newest year beat what its own record pointed to?

top 43% of 194 in its family for expectations against reality.

weight 33% of this tense · 57th percentile among 194 sector filers · read for its shareholders

From the record

GitLab Inc.'s newest year against its own record: revenue of $955 million in fiscal 2026 came in 5.9% below the $1.0 billion its prior three years' pace pointed to (bottom 27% of its family); net income of $56 million against a prior three-year average of $202 million (top 35%); a net margin of -5.9% against -38.4% before (top 20%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-5.9%bottom 27% of its family
  • net income against the prior three years' average+72%top 35% of its family
  • net margin against its prior average+32.5 pointstop 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GTLB · research, not advice