GTLB - GitLab Inc. Stock Price, Fair Value and News

56.37USD+0.29 (+0.52%)Market Closed

Market Summary

USD56.37+0.29

Market Closed

0.52%

GTLB Alerts

4 major insider sales recently.

Big jump in Revenue (Y/Y)
Losses in recent quarter

GTLB Stock Price

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GTLB RSI Chart

GTLB Valuation

Market Cap

8.7B

Price/Earnings (Trailing)

-20.4

Price/Sales (Trailing)

14.92

EV/EBITDA

-53.68

Price/Free Cashflow

258.72

GTLB Price/Sales (Trailing)

GTLB Profitability

Operating Margin

89.70%

EBT Margin

-27.62%

Return on Equity

-74.26%

Return on Assets

-32.19%

Free Cashflow Yield

0.39%

GTLB Fundamentals

GTLB Revenue

Revenue (TTM)

579.9M

Rev. Growth (Yr)

33.25%

Rev. Growth (Qtr)

9.43%

GTLB Earnings

Earnings (TTM)

-424.2M

Earnings Growth (Yr)

5.85%

Earnings Growth (Qtr)

87.21%

Breaking Down GTLB Revenue

Last 7 days

4.2%

Last 30 days

-4.4%

Last 90 days

-18.0%

Trailing 12 Months

72.5%

How does GTLB drawdown profile look like?

GTLB Financial Health

Current Ratio

1.93

GTLB Investor Care

Shares Dilution (1Y)

3.96%

Diluted EPS (TTM)

-2.75

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	579.9M	0	0	0
2023	424.3M	463.8M	502.3M	539.0M
2022	252.7M	290.1M	333.0M	379.2M
2021	152.2M	177.3M	202.4M	227.5M
2020	81.2M	0	0	116.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of GitLab Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 15, 2024	sijbrandij sytse	sold	-3,075,460	54.9189	-56,000	chief executive officer
Apr 15, 2024	sijbrandij sytse	acquired	-	-	56,000	chief executive officer
Apr 09, 2024	jacobson matthew	acquired	-	-	1,145,140	-
Apr 09, 2024	jacobson matthew	acquired	-	-	691,141	-
Apr 01, 2024	robins brian g	sold	-3,365,040	56.084	-60,000	chief financial officer
Mar 28, 2024	schulman robin	acquired	-	-	56,218	chief legal officer & corp sec
Mar 28, 2024	farmer sabrina	acquired	-	-	223,168	chief technology officer
Mar 28, 2024	robins brian g	acquired	-	-	89,437	chief financial officer
Mar 27, 2024	bedi sundeep	sold	-527,770	58.6411	-9,000	-
Mar 27, 2024	bedi sundeep	acquired	-	-	9,000	-

Which funds bought or sold GTLB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Total Clarity Wealth Management, Inc.	new	-	447,723	447,723	0.16%
Apr 23, 2024	FIFTH THIRD BANCORP	reduced	-3.57	-188	1,575	-%
Apr 23, 2024	Global Retirement Partners, LLC	new	-	1,866	1,866	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-68.79	-861,000	350,000	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-76.49	-4,080,740	1,136,250	-%
Apr 22, 2024	Byrne Asset Management LLC	new	-	32,659	32,659	0.02%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-1.35	91,022	334,758	-%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	added	152	585,818	1,023,520	-%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	unchanged	-	-	1,000	-%
Apr 19, 2024	Valeo Financial Advisors, LLC	unchanged	-	-205,218	2,579,380	0.09%

Are Funds Buying or Selling GTLB?

Are funds buying GTLB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GTLB

No. of Funds

Unveiling GitLab Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	iconiq strategic partners iii, l.p.	2.0%	2,153,434	SC 13G/A
Feb 14, 2024	august capital vii, l.p.	0.0%	0	SC 13G/A
Feb 14, 2024	khosla ventures seed c, l.p.	3.9%	4,483,201	SC 13G/A
Feb 14, 2024	hmi capital management, l.p.	4.1%	4,403,101	SC 13G/A
Feb 13, 2024	vanguard group inc	8.70%	9,388,440	SC 13G/A
Feb 12, 2024	sijbrandij sytse	16.2%	20,721,185	SC 13G/A
Feb 09, 2024	invesco ltd.	5.4%	5,851,100	SC 13G
Feb 09, 2024	gv 2017, l.p.	7.6%	8,888,776	SC 13G/A
Feb 08, 2024	morgan stanley	4.8%	5,175,251	SC 13G/A
May 15, 2023	sijbrandij sytse	20.3%	23,190,901	SC 13G/A

Recent SEC filings of GitLab Inc.

View All Filings

Date Filed	Form Type	Document
Apr 19, 2024	PRE 14A	PRE 14A
Apr 17, 2024	4	Insider Trading
Apr 15, 2024	144	Notice of Insider Sale Intent
Apr 11, 2024	4	Insider Trading
Apr 04, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 01, 2024	144	Notice of Insider Sale Intent
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading

Peers (Alternatives to GitLab Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	268.4B	34.9B	-10.10%	41.95%	64.89	7.7	11.18%	1888.46%
UBER	147.0B	37.3B	-11.78%	130.70%	77.89	3.94	16.95%	120.64%
ADSK	46.6B	5.3B	-17.10%	11.27%	50.83	8.72	9.15%	48.14%
ANSS	28.4B	2.3B	-6.66%	0.93%	56.68	12.5	9.90%	-4.45%
ZM	18.5B	4.5B	-6.58%	-6.35%	29.07	4.09	3.06%	514.65%
MID-CAP
APPF	7.8B	620.4M	-6.00%	66.36%	2.9K	12.6	31.48%	103.97%
LYFT	6.5B	4.4B	-16.12%	65.46%	-19.15	1.48	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.3B	881.7M	-9.37%	37.90%	41.12	3.75	4.64%	44.42%
AI	2.7B	296.4M	-19.70%	25.15%	-9.91	9.08	11.14%	-3.59%
AGYS	2.3B	228.1M	6.66%	0.58%	26.28	10.06	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	197.9M	572.4M	-23.83%	-84.12%	-1	0.35	-19.38%	-489.49%
ASUR	179.5M	119.1M	-13.74%	-50.91%	-19.48	1.51	24.27%	36.31%
AEYE	157.7M	31.3M	26.21%	106.70%	-26.85	5.03	4.69%	43.72%

GitLab Inc. News

Latest updates

GitLab Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)															(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q1
Revenue	9.4%	163,779,000	149,668,000	139,581,000	126,878,000	122,907,000	112,981,000	101,041,000	87,407,000	77,796,000	66,800,000	58,127,000	49,930,000	46,041,000	42,152,000	-
Cost Of Revenue	6.0%	15,989,000	15,084,000	14,696,000	13,939,000	14,238,000	14,564,000	13,030,000	9,848,000	9,173,000	7,195,000	7,192,000	6,425,000	-	4,637,000	-
Gross Profit	9.8%	147,790,000	134,584,000	124,885,000	112,939,000	108,669,000	98,417,000	88,011,000	77,559,000	68,623,000	59,605,000	50,935,000	43,505,000	-	37,515,000	-
Operating Expenses	4.5%	182,673,000	174,851,000	178,942,000	171,172,000	154,943,000	155,379,000	153,313,000	120,432,000	109,180,000	92,146,000	80,766,000	69,533,000	-	61,969,000	-
S&GA Expenses	4.4%	90,762,000	86,978,000	92,116,000	86,537,000	81,513,000	81,080,000	80,689,000	66,710,000	57,192,000	50,543,000	44,165,000	38,854,000	-	34,837,000	-
R&D Expenses	6.8%	52,388,000	49,058,000	49,007,000	50,387,000	43,680,000	41,113,000	39,520,000	31,830,000	28,610,000	24,664,000	22,603,000	21,340,000	-	19,042,000	-
EBITDA Margin	10.9%	-0.27	-0.30	-0.37	-0.43	-0.41	-0.48	-0.53	-0.53	-0.63	-0.83	-0.94	-1.07	-1.24	-1.11	-1.59
Income Taxes	-99.3%	1,754,000	256,800,000	4,016,000	1,500,000	367,000	100,000	-57,000	2,500,000	-2,905,500	-900,000	989,000	1,300,000	-	200,000	-
Earnings Before Taxes	-19.3%	-34,375,500	-28,824,000	-46,300,000	-50,665,000	-41,048,500	-49,644,000	-60,738,000	-23,900,000	-49,633,500	-42,623,000	-39,800,000	-27,026,000	-	-28,362,000	-
EBT Margin	10.8%	-0.28	-0.31	-0.37	-0.44	-0.41	-0.48	-0.53	-0.54	-0.63	-0.83	-0.94	-1.07	-1.24	-1.11	-1.59
Net Income	87.2%	-36,467,000	-285,158,000	-50,080,000	-52,469,000	-38,733,000	-48,455,000	-59,024,000	-26,099,000	-45,785,000	-41,227,000	-40,189,000	-27,937,000	-	-28,608,000	-
Net Income Margin	7.5%	-0.73	-0.79	-0.38	-0.43	-0.41	-0.47	-0.52	-0.53	-0.61	-0.84	-0.95	-1.08	-1.26	-1.12	-1.61
Free Cashflow	466.2%	24,524,000	-6,697,000	26,832,000	-11,217,000	-12,772,000	-2,981,000	-37,695,000	-30,030,000	-4,635,000	-10,079,000	-17,120,000	-21,521,000	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q1
Assets	7.4%	1,318	1,227	1,189	1,164	1,169	1,120	1,115	1,099	1,091	1,029	363
Current Assets	8.3%	1,281	1,182	1,143	1,115	1,118	1,069	1,064	1,044	1,052	1,012	348
Cash Equivalents	0.9%	288	285	273	316	295	372	411	887	885	825	283
Net PPE	-19.9%	3.00	4.00	4.00	5.00	6.00	6.00	5.00	4.00	3.00	-	-
Goodwill	0%	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	-	-
Liabilities	10.4%	700	634	358	349	344	306	285	281	292	219	169
Current Liabilities	13.0%	662	586	321	311	306	264	247	235	242	179	127
Shareholder's Equity	4.5%	571	547	831	816	771	815	830	818	799	809	-231
Retained Earnings	-3.3%	-1,149	-1,113	-828	-778	-725	-686	-638	-579	-553	-507	-398
Additional Paid-In Capital	3.6%	1,719	1,658	1,610	1,543	1,497	1,453	1,413	1,355	1,320	1,293	187
Accumulated Depreciation	2.0%	7.00	7.00	6.00	5.00	4.00	3.00	2.00	-	1.00	-	-
Shares Outstanding	-0.5%	154	155	154	152	148	149	147	147	80.00	67.00	50.00
Minority Interest	0.3%	47.00	47.00	48.00	50.00	54.00	51.00	52.00	36.00	24.00	25.00	-
Float	-	-	-	6,300	-	-	-	5,000	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)															(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q1
Cashflow From Operations	516.9%	25.00	-5.96	27.00	-10.96	-11.72	-1.20	-36.33	-28.16	-1.09	-10.08	-17.12	-21.52	-	-	-
Share Based Compensation	4.1%	43.00	41.00	46.00	32.00	34.00	34.00	38.00	17.00	13.00	9.00	5.00	3.00	-	-	-
Cashflow From Investing	-345.4%	-35.77	15.00	-89.42	24.00	-81.80	-40.40	-474	-8.82	46.00	-50.03	-50.00	-	-	-	-
Cashflow From Financing	218.0%	15.00	5.00	18.00	8.00	12.00	7.00	35.00	44.00	10.00	659	22.00	11.00	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	1.00	-	-	-

GTLB Income Statement

2024-01-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2022
Revenue	$ 579,906	$ 424,336	$ 252,653
Cost of revenue	59,708	51,680	29,985
Gross profit	520,198	372,656	222,668
Operating expenses:
Sales and marketing	356,393	309,992	190,754
Research and development	200,840	156,143	97,217
General and administrative	150,405	117,932	63,654
Total operating expenses	707,638	584,067	351,625
Loss from operations	(187,440)	(211,411)	(128,957)
Interest income	39,114	14,496	736
Other income (expense), net	(11,826)	21,585	(30,850)
Loss before income taxes and loss from equity method investment	(160,152)	(175,330)	(159,071)
Loss from equity method investment, net of tax	(3,824)	(2,468)	0
Provision for (benefit from) income taxes	264,057	2,898	(1,511)
Net loss	(428,033)	(180,696)	(157,560)
Net loss attributable to noncontrolling interest	(3,859)	(8,385)	(2,422)
Net loss attributable to GitLab	$ (424,174)	$ (172,311)	$ (155,138)
Net loss per share attributable to GitLab Class A and Class B common stockholders, basic (in USD per share)	$ (2.75)	$ (1.16)	$ (1.95)
Net loss per share attributable to GitLab Class A and Class B common stockholders, diluted (in USD per share)	$ (2.75)	$ (1.16)	$ (1.95)
Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders, basic (in shares)	154,283	148,407	79,755
Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders, diluted (in shares)	154,283	148,407	79,755
Subscription—self-managed and SaaS
Revenue	$ 506,306	$ 369,349	$ 226,163
Cost of revenue	45,486	40,841	23,668
License—self-managed and other
Revenue	73,600	54,987	26,490
Cost of revenue	$ 14,222	$ 10,839	$ 6,317

GTLB Balance Sheet

2024-01-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Jan. 31, 2024

Jan. 31, 2023

CURRENT ASSETS:

Cash and cash equivalents

^[1]

$ 287,996

$ 295,402

Short-term investments

^[1]

748,289

641,249

Accounts receivable, net of allowance for doubtful accounts of $673 and $1,564 as of January 31, 2024 and January 31, 2023, respectively

^[1]

166,731

130,479

Deferred contract acquisition costs, current

^[1]

32,300

26,505

Prepaid expenses and other current assets

^[1]

45,601

24,327

Total current assets

^[1]

1,280,917

1,117,962

Property and equipment, net

^[1]

2,954

5,797

Operating lease right-of-use assets

405

^[1]

998

Equity method investment, net of impairment of $8,858 and $0 as of January 31, 2024 and January 31, 2023, respectively

^[1]

12,682

Goodwill

^[1]

8,145

Intangible assets, net

^[1]

1,733

3,901

Deferred contract acquisition costs, non-current

^[1]

19,317

15,628

Other non-current assets

^[1]

4,390

4,087

TOTAL ASSETS

^[1]

1,317,861

1,169,200

CURRENT LIABILITIES:

Accounts payable

^[1]

1,738

5,184

Accrued expenses and other current liabilities

^[1]

286,178

25,954

Accrued compensation and benefits

^[1]

35,809

20,776

Deferred revenue, current

^[1]

338,348

254,382

Total current liabilities

^[1]

662,073

306,296

Deferred revenue, non-current

^[1]

23,794

28,355

Other non-current liabilities

^[1]

14,060

9,824

TOTAL LIABILITIES

^[1]

699,927

344,475

Commitments and contingencies (Note 15)

^[1]

STOCKHOLDERS’ EQUITY:

Preferred stock, $0.0000025 par value; 50,000 shares authorized as of January 31, 2024 and January 31, 2023; no shares issued and outstanding as of January 31, 2024 and January 31, 2023

^[1]

Additional paid-in capital

^[1]

1,718,661

1,497,373

Accumulated deficit

^[1]

(1,149,822)

(725,648)

Accumulated other comprehensive income (loss)

^[1]

2,335

(705)

Total GitLab stockholders’ equity

^[1]

571,174

771,020

Noncontrolling interests

^[1]

46,760

53,705

TOTAL STOCKHOLDERS’ EQUITY

^[1]

617,934

824,725

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

^[1]

1,317,861

1,169,200

Class A Common Stock

STOCKHOLDERS’ EQUITY:

Common stock, value, issued

^[1]

Class B Common Stock

STOCKHOLDERS’ EQUITY:

Common stock, value, issued

^[1]

$ 0

[1]

(1) As of January 31, 2024 and January 31, 2023, the consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $47.6 million and $62.8 million, respectively, and liabilities of $6.1 million and $8.9 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of the Company. Refer to “Note 12. Joint Venture and Equity Method Investment” for further discussion.

About GitLab Inc.

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes. It also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. GitLab Inc. was founded in 2011 and is headquartered in San Francisco, California.

CEO	Mr. Sytse Sijbrandij
WEBSITE	https://about.gitlab.com
INDUSTRY	Software - Apps
EMPLOYEES	2170

GitLab Inc. Frequently Asked Questions

What is the ticker symbol for GitLab Inc.? What does GTLB stand for in stocks?

GTLB is the stock ticker symbol of GitLab Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of GitLab Inc. (GTLB)?

As of Tue Apr 23 2024, market cap of GitLab Inc. is 8.65 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GTLB stock?

You can check GTLB's fair value in chart for subscribers.

What is the fair value of GTLB stock?

You can check GTLB's fair value in chart for subscribers. The fair value of GitLab Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of GitLab Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GTLB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is GitLab Inc. a good stock to buy?

The fair value guage provides a quick view whether GTLB is over valued or under valued. Whether GitLab Inc. is cheap or expensive depends on the assumptions which impact GitLab Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GTLB.

What is GitLab Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, GTLB's PE ratio (Price to Earnings) is -20.4 and Price to Sales (PS) ratio is 14.92. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GTLB PE ratio will change depending on the future growth rate expectations of investors.