Stock Analysis

GitLab Full Year 2023 Earnings: EPS Beats Expectations

Source: Shutterstock

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.
NasdaqGS:GTLB Earnings and Revenue Growth March 15th 2023

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.

What are the risks and opportunities for GitLab?

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

View Full Analysis


  • Trading at 15.7% below our estimate of its fair value

  • Revenue is forecast to grow 22.71% per year

  • Revenue grew by 68% over the past year


  • Shareholders have been diluted in the past year

  • Significant insider selling over the past 3 months

  • Volatile share price over the past 3 months

  • Currently unprofitable and not forecast to become profitable over the next 3 years

View all Risks and Rewards

Share Price

Market Cap

1Y Return

View Company Report