GitLab Full Year 2023 Earnings: EPS Beats Expectations

GitLab (NASDAQ:GTLB) Full Year 2023 Results

Key Financial Results

• Revenue: US$424.3m (up 68% from FY 2022).
• Net loss: US$172.3m (loss widened by 11% from FY 2022).
• US$1.16 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

GitLab EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 32% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for GitLab that we have uncovered.

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