Gitlab Inc.

Technology
Computer Software: Prepackaged Software
www.about.gitlab.com

Moat Score

Market Cap $7.45B
PE -817
Debt -
Cash $227.65M
EV -
FCF -$67.74M

Earnings

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Sales & Net Margins

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Earnings	-$9.12M
EBIT	-$85.79M
ROE	-1%
ROA	-6%
FCF	-$67.74M
Equity	$821.31M
Growth Stability	1
PE	-817.25
PB	9.07
P/FCF	-110.02
P/S	9.82
Price/Cash	0.03
Net Margins	-1%
Gross Margins	89%
Op. Margins	-11%
Sales Growth YoY	29%
Sales Growth QoQ	8%
Sales CAGR	47%
Equity CAGR	-5%
Earnings Growth YoY	-114%

Earnings Growth QoQ	-82%
Sales CAGR 5Y	47%
Equity CAGR 5Y	-5%
Earnings CAGR 3Y	40%
Sales CAGR 3Y	40%
Equity CAGR 3Y	-6%
Market Cap	$7.45B
Revenue	$759.25M
Assets	$1.40B
Cash	$227.65M
Shares Outstanding	160.58M
Moat Score	15%
Working Capital	791.29M
Current Ratio	2.45
Gross Profit	$674.11M
Shares Growth 3y	4%
Equity Growth QoQ	7%
Equity Growth YoY	33%

Assets & ROA

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Stockholders Equity & ROE

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GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

SEC Filings

Direct access to Gitlab Inc. (GTLB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-K Jan 31
2024
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31
2023
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31

Sector Comparison

How does Gitlab Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Gitlab Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Gitlab Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Gitlab Inc..

Years

Calculation mode

= -$677M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$68M	-$68M	-$68M	-$68M	-$68M	-$68M	-$68M	-$68M	-$68M	-$68M	-$68M	-$677M
DCF		-$62M	-$56M	-$51M	-$46M	-$42M	-$38M	-$35M	-$32M	-$29M	-$26M	-$261M
Value	-$677M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	01/2020	01/2021	01/2022	01/2023	01/2024	01/2025	TTM
Net Margins	-161%	-126%	-62%	-43%	-74%	-1%	-1%
ROA	-	-	-12%	-15%	-12%	-6%	-6%
ROE	-	-	-20%	-22%	-69%	-1%	-1%

Bad Net Margins (-1.2%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	01/2020	01/2021	01/2022	01/2023	01/2024	01/2025	TTM
Debt over FCF	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	01/2020	01/2021	01/2022	01/2023	01/2024	01/2025	CAGR 5Y
Revenue YoY growth	-	87%	66%	68%	37%	31%	47%
Earnings YoY growth	-	47%	-18%	15%	137%	-98%	-
Equity YoY growth	-	72%	-446%	3%	-25%	33%	-5%
FCF YoY growth	-	22%	-27%	56%	-140%	-303%	-