Wed, Jun 11, 10:02 AM (7 days ago)
### GitLab Inc. (Ticker: GTLB) - Q1 2025 Financial Summary **Revenue and Profit Margins:** - **Total Revenue:** $214.5 million, up 27% YoY. - **Gross Profit Margin:** 88%, down 1% YoY. - **Operating Margin:** -16%, improved from -32% YoY. - **Net Loss:** $35.9 million, improved from $55.2 million YoY. **Cash Flow:** - **Operating Cash Flow:** $106.3 million, up from $38.1 million YoY. - **Investing Cash Flow:** -$81.9 million, down from $89.4 million YoY. - **Financing Cash Flow:** $3.3 million, down from $5.1 million YoY. **Earnings Changes:** - **EPS:** -$0.22, improved from -$0.35 YoY. - **Adjusted Free Cash Flow:** $104.1 million, up from $37.4 million YoY. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by ongoing demand for The DevSecOps platform, including new customers, expansions within existing paid customers, and an increase in customers with $100,000 or greater in ARR. - **Cost of Revenue:** Increased due to higher hosting expenses for increased SaaS and cloud usage, personnel-related expenses, and stock-based compensation expenses. - **Operating Expenses:** Sales and marketing expenses increased by 16%, research and development expenses increased by 21%, and general and administrative expenses decreased by 11%. - **Stock-Based Compensation:** Increased by 32%, primarily due to RSUs, PSUs, and stock options. **Trends and Uncertainties:** - **Market Trends:** Continued growth in the DevSecOps market, with a focus on innovation, technology leadership, and customer acquisition. - **Uncertainties:** Rapid growth, increased competition, regulatory challenges, and potential economic downturns. **Future Operations Impact:** - **Investments:** Continued investment in research and development, sales and marketing, and customer support to drive growth and maintain competitive advantage. - **Expansion:** Focus on international expansion and strategic partnerships to broaden market reach and drive awareness.