GitLab, Inc.: High Adoption & Expansion of GitLab Ultimate Driving Our Optimism!

GitLab’s recent quarterly results reveal a complex, yet promising landscape for the company. GitLab reported a revenue increase of 31% year-over-year, reaching $196 million for the third quarter of fiscal year 2025. The company exceeded profitability guidance with a non-GAAP operating margin of 13.2%, up more than 1,000 basis points from the prior year. This reflects strong operational efficiency and an ability to drive top-line growth effectively. GitLab’s customer count grew to 9,519 with annual recurring revenue (ARR) of at least $5,000, indicating a robust customer base growth.