GitLab Reports 31% Revenue Growth to $759.2 Million for Fiscal Year 2025

GitLab Inc. reported a significant increase in its financial performance for the fiscal year ending January 31, 2025, with total revenue reaching $759.2 million, a 31% increase from $579.9 million in the previous fiscal year. The growth was primarily driven by strong demand for its DevSecOps platform, which saw an increase in both new customer acquisitions and expansions within existing accounts. The company also noted a rise in its customer base, with 9,893 active customers as of January 31, 2025, up from 8,602 the previous year. Notably, the number of customers generating over $100,000 in Annual Recurring Revenue (ARR) grew to 1,229, compared to 955 in the prior year.

Despite the revenue growth, GitLab reported a net loss of $6.3 million for fiscal year 2025, a significant reduction from a loss of $425.7 million in fiscal year 2024. This improvement in net loss was attributed to a combination of increased revenue and a more controlled approach to operating expenses, which rose to $816.8 million from $707.6 million in the previous year. The company's gross profit margin slightly decreased to 89% from 90%, reflecting higher costs associated with cloud hosting and personnel-related expenses.

Strategically, GitLab has made notable advancements, including the acquisition of two security companies, Oxeye and Rezilion, which are expected to enhance its product offerings. The company also launched GitLab Duo, a new AI solution developed in partnership with Amazon Web Services, aimed at integrating AI capabilities into its platform. GitLab's commitment to innovation is further evidenced by its open-core business model, which encourages community contributions and rapid feature development.

Operationally, GitLab's international revenue grew by 32% to $140.6 million, indicating successful geographic expansion. The company continues to focus on enhancing its sales and marketing efforts to drive further growth, particularly in the enterprise sector. As of January 31, 2025, GitLab employed approximately 2,375 team members across 60 countries, reflecting its commitment to building a diverse and skilled workforce.

Looking ahead, GitLab anticipates continued growth driven by its strategic investments in product development and market expansion. The company aims to maintain its momentum in customer acquisition and retention, despite potential challenges posed by macroeconomic conditions and increased competition in the software development market. GitLab's management remains optimistic about its ability to achieve profitability in the future, although it acknowledges the inherent uncertainties in forecasting financial performance in a rapidly evolving industry.