Recent Updates — GTLB
GitLab Inc. reported second quarter fiscal year 2027 financial results for the period ended July 31, 2026, announcing total revenue of $286.3 million, a 21% increase year-over-year. The company posted a non-GAAP operating margin of 15% and non-GAAP net income per share of $0.24. GitLab provided guidance for the third quarter expecting revenue between $281 million and $283 million, with full-year fiscal 2027 revenue projected at $1,129 million to $1,133 million. Concurrently, Chief Accounting Officer Simon Mundy resigned effective September 16, 2026, and CFO Jessica Ross was appointed as principal accounting officer. GitLab Inc. operates in the software industry, providing an intelligent orchestration platform for DevSecOps.
On July 8, 2026, GitLab provided a business update regarding its consumption-based products and the paid Consumption Run Rate (CRR) metric. The company refined its CRR calculation to include its new Flex buying program and exclude one-time credit incentives. Consequently, the Q1 FY27 CRR was adjusted to approximately $15 million, down from the nearly $20 million previously discussed on the June 2, 2026, earnings call. However, the company reported that CRR surpassed $20 million as of June 30, 2026, citing continued positive traction in paid consumption revenue. GitLab operates in the software industry and provides a complete DevOps platform.