GitLab Inc. reported its financial results for the third quarter of fiscal year 2026, revealing a total revenue of $244.4 million for the three months ended October 31, 2025, a 25% increase from $196.0 million in the same period last year. For the nine months ended October 31, 2025, revenue reached $694.8 million, up 27% from $547.8 million in the prior year. The growth was primarily driven by increased demand for GitLab's DevSecOps platform, which included the addition of new customers and expansion within existing accounts. However, the company reported a net loss of $8.3 million for the quarter, compared to a net income of $29.1 million in the same quarter of the previous year.
The company's operating expenses also increased, totaling $224.5 million for the third quarter, up from $202.7 million a year earlier. This rise was attributed to higher sales and marketing costs, which increased by 10% to $105.0 million, and research and development expenses, which rose by 12% to $68.7 million. Despite the increase in expenses, GitLab's gross profit for the quarter was $212.1 million, resulting in a gross margin of 87%, slightly down from 89% in the prior year.
GitLab's customer base showed significant growth, with the number of Base Customers increasing to 10,475 as of October 31, 2025, up from 9,519 a year earlier, marking a 10% increase. Additionally, the number of customers with an Annual Recurring Revenue (ARR) of $100,000 or more rose by 23% to 1,405. The company's Dollar-Based Net Retention Rate was reported at 119%, down from 124% in the previous year, indicating a slight decline in revenue growth from existing customers.
In terms of strategic developments, GitLab continues to focus on enhancing its product offerings and expanding its market presence. The company has made significant investments in research and development, which it expects to continue in order to maintain its competitive edge. GitLab also reported a cash position of $1.2 billion as of October 31, 2025, which it believes will be sufficient to support its operational and strategic initiatives over the next 12 months. Looking ahead, GitLab anticipates ongoing investments in sales and marketing to further penetrate the market and expand its customer base, while also managing its operating expenses to achieve long-term profitability.
About Gitlab Inc.
GitLab Inc. is a pioneering software company focused on transforming software development through its comprehensive DevSecOps Platform. This platform integrates development, operations, and security into a single application, enhancing productivity and security for over 30 million users, including more than half of the Fortune 100. GitLab emphasizes innovation through community contributions and AI-assisted workflows, targeting organizations seeking efficient, secure, and scalable software solutions across various industries.
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