Financial Snapshot

Revenue
$665.2M
TTM
Gross Margin
89.34%
TTM
Net Earnings
-$363.3M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
197.1%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$688.0M
Q3 2024
Cash
Q3 2024
P/E
-27.01
Nov 14, 2024 EST
Free Cash Flow
$66.11M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020
Revenue $579.9M $424.3M $252.7M $152.2M $81.23M
YoY Change 36.66% 67.95% 66.03% 87.35%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020
Revenue $579.9M $424.3M $252.7M $152.2M $81.23M
Cost Of Revenue $59.71M $51.68M $29.99M $18.46M $9.376M
Gross Profit $520.2M $372.7M $222.7M $133.7M $71.85M
Gross Profit Margin 89.7% 87.82% 88.13% 87.87% 88.46%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020
Selling, General & Admin $509.0M $427.9M $254.4M $241.0M $140.9M
YoY Change 18.94% 68.2% 5.58% 71.07%
% of Gross Profit 97.84% 114.83% 114.25% 180.2% 196.04%
Research & Development $203.0M $156.1M $97.22M $106.6M $59.36M
YoY Change 29.98% 60.61% -8.84% 79.64%
% of Gross Profit 39.02% 41.9% 43.66% 79.76% 82.62%
Depreciation & Amortization $6.535M $5.593M $543.0K $0.00 $0.00
YoY Change 16.84% 930.02%
% of Gross Profit 1.26% 1.5% 0.24% 0.0% 0.0%
Operating Expenses $711.9M $584.1M $351.6M $347.6M $200.2M
YoY Change 21.89% 66.11% 1.16% 73.61%
Operating Profit -$191.7M -$211.4M -$129.0M -$213.9M -$128.4M
YoY Change -9.31% 63.94% -39.71% 66.62%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020
Interest Expense $32.13M $12.03M -$28.36M $24.47M -$1.274M
YoY Change 167.15% -142.41% -215.91% -2020.72%
% of Operating Profit
Other Income/Expense, Net $189.0K $21.59M -$30.85M $23.45M -$4.800M
YoY Change -99.12% -169.97% -231.55% -588.58%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020
Pretax Income -$164.0M -$177.8M -$159.1M -$189.4M -$129.5M
YoY Change -7.77% 11.77% -16.0% 46.18%
Income Tax $264.1M $2.898M -$1.511M $2.832M $1.200M
% Of Pretax Income
Net Earnings -$424.2M -$172.3M -$155.1M -$192.2M -$130.7M
YoY Change 146.17% 11.07% -19.28% 47.0%
Net Earnings / Revenue -73.15% -40.61% -61.4% -126.3% -160.96%
Basic Earnings Per Share -$2.75 -$1.16 -$1.95 -$3.82 -$2.76
Diluted Earnings Per Share -$2.75 -$1.16 -$1.95 -$3.82 -$2.76

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020
Cash & Short-Term Investments $1.036B $936.7M $934.7M $282.9M $343.3M
YoY Change 10.64% 0.21% 230.46% -17.61%
Cash & Equivalents $288.0M $295.4M $884.7M $282.9M $343.3M
Short-Term Investments $748.3M $641.2M $50.03M
Other Short-Term Assets $77.90M $50.83M $36.74M $25.97M $15.84M
YoY Change 53.25% 38.36% 41.46% 63.91%
Inventory
Prepaid Expenses
Receivables $166.7M $130.5M $77.23M $39.65M $24.78M
Other Receivables $0.00 $0.00 $3.168M $21.00K $527.0K
Total Short-Term Assets $1.281B $1.118B $1.052B $348.5M $384.5M
YoY Change 14.58% 6.29% 201.83% -9.36%
Property, Plant & Equipment $3.359M $6.795M $3.271M
YoY Change -50.57% 107.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $12.68M
YoY Change -100.0%
Other Assets $23.71M $19.72M $21.89M $13.28M $7.373M
YoY Change 20.25% -9.95% 64.91% 80.06%
Total Long-Term Assets $36.94M $51.24M $39.60M $14.07M $7.373M
YoY Change -27.9% 29.41% 181.35% 90.87%
Total Assets $1.318B $1.169B $1.091B $362.6M $391.8M
YoY Change
Accounts Payable $1.738M $5.184M $4.984M $3.111M $1.673M
YoY Change -66.47% 4.01% 60.21% 85.95%
Accrued Expenses $322.0M $46.73M $55.37M $19.30M $14.04M
YoY Change 589.04% -15.61% 186.88% 37.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $662.1M $306.3M $241.6M $127.2M $77.79M
YoY Change 116.15% 26.78% 89.96% 63.5%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $37.85M $38.18M $50.57M $41.70M $23.66M
YoY Change -0.85% -24.5% 21.26% 76.24%
Total Long-Term Liabilities $37.85M $38.18M $50.57M $41.70M $23.66M
YoY Change -0.85% -24.5% 21.26% 76.24%
Total Liabilities $746.7M $398.2M $316.6M $168.9M $101.4M
YoY Change 87.52% 25.78% 87.45% 66.47%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020
Basic Shares Outstanding 154.3M shares 148.4M shares 79.76M shares 50.34M shares 47.31M shares
Diluted Shares Outstanding 154.3M shares 148.4M shares 79.76M shares 50.34M shares 47.31M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $9.8123 Billion

About GitLab Inc

Gitlab, Inc. provides code hosting and collaboration platform services. The company is headquartered in San Francisco, California and currently employs 2,130 full-time employees. The company went IPO on 2021-10-14. The DevSecOps Platform is built on a single codebase, unified data model, and user interface. The firm allows organizations to deploy the DevSecOps Platform as a self-managed offering in their own hybrid-cloud, or on-premises environments, and as a software as a service offering, it is hosted in either the public cloud or in a private cloud based on the customer’s preference. The DevSecOps Platform enables its customers to move their DevOps workflow across any hybrid or multi-cloud environment. Its DevSecOps platform is used by teams of all sizes across a range of industries. The company offers the DevSecOps Platform in three different subscription tiers, namely Free, Premium and Ultimate. The company also offers an automated cloud-native application security testing solution to help customers identify and resolve application-layer risks.

Industry: Services-Prepackaged Software Peers: Microsoft Corp CrowdStrike Holdings Inc Dolby Laboratories Inc Fortinet Inc McAfee Corp. Gen Digital Inc. SentinelOne, Inc. UiPath, Inc. Zscaler, Inc.