GitLab Inc. generated $955.2 million in revenue for the fiscal year ended January 31, 2026, up 26% year over year, and $286.3 million in Q2 FY2027, up 21%. The Nasdaq-listed, all-remote company sells one application covering source code, CI/CD, security testing, planning and AI agents, and was valued at about $8.2 billion in September 2026.
How Does GitLab Make Money?
GitLab sells per-user subscriptions to its Premium and Ultimate tiers, delivered as SaaS on GitLab.com, as single-tenant GitLab Dedicated or as self-managed software. The Free tier and open-source Community Edition drive adoption, while Ultimate bundles the security, compliance and governance features large enterprises pay most for. AI is sold through GitLab Duo add-ons and usage-based GitLab Credits, and in 2026 GitLab introduced GitLab Flex, one annual commitment that covers seats, credits and new capabilities. Most revenue is recognized ratably, and remaining performance obligations were $1.14 billion at January 31, 2026.
Who Founded GitLab?
Dmitriy Zaporozhets and Valery Sizov wrote GitLab as an open-source project in Ukraine in 2011. Sid Sijbrandij found it in 2012, launched GitLab.com and built the company with Zaporozhets. GitLab joined Y Combinator in 2015 and priced its IPO at $77 per share in October 2021.
Who Runs GitLab?
Bill Staples, previously CEO of New Relic, became CEO in December 2024. Sijbrandij remains executive chair and Jessica Ross is CFO.
GitLab Financials
Revenue grew from $81.2 million in FY2020 to $955.2 million in FY2026. GAAP net loss was $56.0 million in FY2026, while operating cash flow reached $232.9 million and non-GAAP adjusted free cash flow $219.6 million. After Q2 FY2027 the company raised full-year revenue guidance to $1.129-$1.133 billion, which would be its first year above $1 billion.
GitLab Acquisitions
GitLab buys small technology teams rather than large companies: Gitorious (2015), Gemnasium (2018), Peach Tech and Fuzzit (2020), UnReview and Opstrace (2021) and Oxeye (2024), mostly to strengthen security testing and observability.
Biggest Risks
The largest risk is Microsoft's GitHub, which pairs the biggest developer community with Copilot and Azure bundles. GitLab is also exposed to seat contraction as customers cut staff or use AI agents, which is why it is shifting toward usage-based pricing, and it remains unprofitable on a GAAP basis after 2026 restructuring.