GitLab (GTLB) Is Up 5.8% After Q3 Beat, Weaker Profitability And New CFO Appointment - Has The Bull Case Changed?

• In early December 2025, GitLab reported third-quarter results showing revenue rising to US$244.35 million year on year, alongside a shift from a US$29.1 million net profit to a US$8.28 million net loss and updated guidance calling for full-year 2026 revenue of about US$946 million–US$947 million.
• On the same day, GitLab also named veteran finance leader Jessica Ross as its incoming CFO, a move that could influence how the company balances rapid top-line growth with its widening losses and evolving pricing model.
• Next, we’ll examine how the revenue beat, softer profitability, and new CFO appointment may shape GitLab’s existing investment narrative.

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GitLab Investment Narrative Recap

To own GitLab, you need to believe its all-in-one DevSecOps and AI tools can keep winning enterprise budgets despite intensifying competition and current losses. The latest quarter reinforces that trade off: strong revenue growth but a swing back into the red, with the key near term catalyst still centered on proving its emerging AI and usage based pricing can lift monetization, while the main risk remains execution around that evolving model rather than any single quarter’s numbers.

The appointment of Jessica Ross as CFO looks most relevant here, because she will oversee capital allocation, pricing and reporting as GitLab scales its AI driven, hybrid seat plus usage approach. For investors focused on catalysts, her background across large software and subscription businesses could matter for how credibly GitLab communicates progress on revenue quality, net retention and the path toward more sustainable margins.

Yet while the product story may sound compelling, investors should be aware of how unproven GitLab’s hybrid pricing and AI monetization still are...

Read the full narrative on GitLab (it's free!)

GitLab's narrative projects $1.4 billion revenue and $189.5 million earnings by 2028.

Uncover how GitLab's forecasts yield a $53.67 fair value, a 36% upside to its current price.

Exploring Other Perspectives

Twenty three fair value estimates from the Simply Wall St Community span roughly US$27.92 to US$150, showing how far apart individual views on GitLab’s potential sit. When you weigh that spread against the execution risk around GitLab’s shift to hybrid seat plus usage based pricing, it underlines why many readers may want to compare several different opinions before forming their own view.

Explore 23 other fair value estimates on GitLab - why the stock might be worth over 3x more than the current price!

Build Your Own GitLab Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your GitLab research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free GitLab research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate GitLab's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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