GitLab Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

GitLab (NASDAQ:GTLB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$149.7m (up 33% from 3Q 2023).
• Net loss: US$285.2m (loss widened by 489% from 3Q 2023).
• US$1.84 loss per share (further deteriorated from US$0.33 loss in 3Q 2023).

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

GitLab Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 24% 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 up 24% from a week ago.

Risk Analysis

Be aware that GitLab is showing 3 warning signs in our investment analysis that you should know about...

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