AI Earnings Predictions for GitLab Inc. (GTLB)

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Exhibit 99.1

GitLab Reports Second Quarter Fiscal Year 2027 Financial Results

Second Quarter Fiscal Year 2027 Highlights:

•Total revenue of $286.3 million, up 21% year-over-year

•GAAP operating margin of (20)%; non-GAAP operating margin of 15%

•Operating cash flow of $(3.1) million and non-GAAP adjusted free cash flow of $9.8 million

San Francisco (September 1, 2026) -All-Remote-GitLab Inc. (NASDAQ: GTLB), the intelligent orchestration platform for DevSecOps, today reported financial results for its second quarter fiscal year 2027, ended July 31, 2026.

“Q2 was an exceptional quarter, with record gross bookings and net ARR growth exceeding 40% year over year,” said Bill Staples, GitLab Chief Executive Officer. “As AI drives more software creation and more work through the development lifecycle, the context, security, governance and control GitLab provides become increasingly valuable. We believe this creates a significant opportunity for GitLab as humans and agents increasingly build software together.”

“I am proud of our team’s performance, which delivered revenue growth of 21% and continued improvement across the business,” said Jessica Ross, GitLab Chief Financial Officer. “We saw sequential acceleration in dollar-based net retention and meaningful operating leverage, reflecting the strength of our execution and the increasing scalability of our model. These results demonstrate the durability of our growth opportunity and our ability to create long-term value.”

GitLab posted a letter on the Investor Relations section of its website at https://ir.gitlab.com/ to capture additional information about the company’s strategic investments that are designed to drive durable revenue growth.

Business Highlights:

•Introduced a new commercial model with GitLab Flex to give customers one annual commitment covering platform seats, GitLab Credits, and new eligible capabilities as they become available, with monthly reservations that can be reshaped as needs change without contract amendments.

•Launched GitLab Secrets Manager, which is now available as a usage-based add-on for Premium and Ultimate customers on GitLab.com, to make credentials easier to rotate and less likely to leak while bringing them under the same permissions and audit trail as the code that uses them.

•Expanded context for AI agents with GitLab Orbit, available in public beta, by connecting code, work items, pipelines, deployments, and production signals into a unified context graph, helping agents respond up to 11x faster with up to 45x fewer hallucinations in internal testing.

•Recognized as a Leader in the Gartner® Magic Quadrant™ for DevSecOps Platforms1 for the fourth consecutive year, reinforcing the value of a unified platform that gives enterprises speed with control across the software lifecycle.

•Quantified the potential business value of GitLab Duo Agent Platform through an independent Forrester Consulting Total Economic Impact™ study, which found organizations can achieve a 400% return on investment and $7.5 million in net present value (NPV) over three years, with payback in under six months.

1 Gartner, Magic Quadrant for DevSecOps Platforms, Keith Mann, Thomas Murphy, Bill Holz, June 15, 2026. Gartner and Magic Quadrant are trademarks of Gartner, Inc., and/or its affiliates.

Second Quarter Fiscal Year 2027 Financial Highlights (in millions, except per share data and percentages):

Q2 FY 2027

Q2 FY 2026

Y/Y Change

Revenue$286.3 $236.0 21 %

GAAP Gross margin84 %88 %

Non-GAAP Gross margin86 %90 %

GAAP Operating margin(20)%(8)%

Non-GAAP Operating margin15 %17 %

GAAP Operating loss$(56.9)$(18.4)$(38.5)

Non-GAAP Operating income$42.6 $39.6 $3.0

GAAP Net loss attributable to GitLab$(36.8)$(9.2)$(27.6)

Non-GAAP Net income attributable to GitLab$42.1 $40.9 $1.2

GAAP Net loss per share attributable to GitLab, basic$(0.22)$(0.06)$(0.16)

GAAP Net loss per share attributable to GitLab, diluted$(0.22)$(0.06)$(0.16)

Non-GAAP Net income per share attributable to GitLab, basic$0.25 $0.25 $—

Non-GAAP Net income per share attributable to GitLab, diluted$0.24 $0.24 $—

GAAP net cash provided by operating activities$(3.1)$49.4 $(52.5)

Non-GAAP adjusted free cash flow$9.8 $46.5 $(36.7)

A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled “Non-GAAP Financial Measures.”

Additional Second Quarter Fiscal Year 2027 Financial Highlights:

•First Order growth of more than 100% year on year.

•Customers with more than $5,000 of ARR reached 11,114, an increase of 8% year-over-year.

•Customers with more than $100,000 of ARR reached 1,571, an increase of 17% year-over-year.

•Dollar-Based Net Retention Rate was 117%.

•Total RPO grew 16% year-over-year to $1.2 billion, while cRPO grew 20% to $744.7 million.

•In the quarter, GitLab repurchased approximately 3.5 million shares.

Third Quarter and Fiscal Year 2027 Fin

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Exhibit 99.1

GitLab Reports First Quarter Fiscal Year 2027 Financial Results

First Quarter Fiscal Year 2027 Highlights:

•Total revenue of $264.2 million, up 23% year-over-year

•GAAP operating margin of (6)%; non-GAAP operating margin of 14%

•Operating cash flow of $149.2 million and non-GAAP adjusted free cash flow of $146.7 million

San Francisco (June 2, 2026) -All-Remote-GitLab Inc. (NASDAQ: GTLB), the intelligent orchestration platform for DevSecOps, today reported financial results for its first quarter fiscal year of 2027, ended April 30, 2026.

“The agentic era is creating structural tailwinds for GitLab, and Q1 showed it clearly with accelerating platform activity and promising traction from GitLab Duo Agent Platform,” said Bill Staples, GitLab chief executive officer. “GitLab is the only platform that spans the full software lifecycle with one control plane, one data model, and cloud and AI model neutrality. As our largest customers come to us with new needs around security, governance, and orchestration at machine scale, we are evolving GitLab to be the trusted enterprise platform for software creation in the AI era.”

“Our team delivered a strong first quarter with 23% revenue growth and 2 points of operating margin expansion,” said Jessica Ross, GitLab chief financial officer. “Our solid financial foundation gives us the flexibility to invest deliberately behind our highest-return initiatives, while returning capital to shareholders through our ongoing share repurchase program.”

First Quarter Fiscal Year 2027 Financial Highlights (in millions, except per share data and percentages):

Q1 FY 2027

Q1 FY 2026

Y/Y Change

Revenue$264.2 $214.5 23 %

GAAP Gross margin86 %88 %

Non-GAAP Gross margin88 %90 %

GAAP Operating margin(6)%(16)%

Non-GAAP Operating margin14 %12 %

GAAP Operating loss$(15.7)$(34.6)$18.9

Non-GAAP Operating income$37.5 $26.1 $11.4

GAAP Net loss attributable to GitLab$(5.0)$(35.9)$30.9

Non-GAAP Net income attributable to GitLab$39.0 $29.4 $9.6

GAAP Net loss per share attributable to GitLab, basic$(0.03)$(0.22)$0.19

GAAP Net loss per share attributable to GitLab, diluted$(0.03)$(0.22)$0.19

Non-GAAP Net income per share attributable to GitLab, basic$0.23 $0.18 $0.05

Non-GAAP Net income per share attributable to GitLab, diluted$0.23 $0.17 $0.06

GAAP net cash provided by operating activities$149.2 $106.3 $42.9

Non-GAAP adjusted free cash flow$146.7 $104.1 $42.6

A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled “Non-GAAP Financial Measures.”

Additional First Quarter Fiscal Year 2027 Financial Highlights:

•Customers with more than $5,000 of ARR reached 10,831, an increase of 7% year-over-year.

•Customers with more than $100,000 of ARR reached 1,519, an increase of 18% year-over-year.

•Dollar-Based Net Retention Rate was 117%.

•Total RPO grew 18% year-over-year to $1.1 billion, while cRPO grew 24% to $724.1 million.

Business Highlights:

•Extended agentic AI across the software lifecycle with new automated security remediation, pipeline configuration, and delivery analytics, and broadened access to GitLab Duo Agent Platform for free tier users, including flat-rate agentic code reviews and spending caps for predictable cost controls.

•Deepened integration with Anthropic’s Claude models, giving GitLab customers access to the latest Claude capabilities within the same governance, compliance, and audit framework that governs every other action in GitLab.

•Announced collaborations with AWS and Google Cloud to bring agentic DevSecOps to enterprise teams, enabling joint customers to power GitLab Duo Agent Platform with Amazon Bedrock or Vertex AI using the models, governance, and cloud commitments they already have in place.

•Received the 2026 Google Cloud Technology Partner of the Year Award in the Application Development - DevSecOps category for the sixth consecutive year.

•In the quarter, GitLab repurchased approximately 2.4 million shares.

Subsequent Event:

•GitLab also announced it is reducing its full-time workforce by approximately 14%, or 350 team members to realign its operating structure to optimize execution against its strategic priorities. GitLab also expects to exit 22 countries to reduce its team member geographic footprint by approximately 37%. It estimates that it will incur approximately $30 million to $35 million in pre-tax restructuring charges, consisting primarily of one-time severance, employee termination benefit costs, and retention costs associated with the execution of the Plan, of which approximately $19 million is expected to be incurred in the second quarter of fiscal year 2027, with the majority of the remainder expected to be recognized over the following three quarters. The Company expects the plan to be substantially complete by the end of fiscal 2027. Additional costs associated with the plan may be identified

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Exhibit 99.1

GitLab Act 2

A letter to our customers and our investors.

We've been working through some significant changes inside GitLab over the past few days, and I want to share them with you directly. The email I sent the team is included below for full context.

The agentic era affords GitLab the largest opportunity in our history as a company, and we're making the structural and strategic decisions to meet it.

This letter has three parts. First, the operational and structural news, which is hard. Second, the strategic thesis we're betting on. And finally, what this means specifically for you, our customers and investors.

The structural news

This morning we shared with team members that we're beginning a restructuring process at GitLab, and we're running it differently than most. The planning is happening openly, including a voluntary separation window. That creates real uncertainty for our team over the next few weeks, but we believe the outcome will be better for it. Where we can, we plan to finalize the new shape of the company on or before June 1. Where local requirements apply we will not make any changes until the local process is complete.

Four operational changes are part of the workforce reduction.

1.We're reevaluating our operational footprint, and are planning to reduce the number of countries by up to 30% where we have small teams. We'll continue serving customers in those markets through our partner network.

2.We're planning to flatten the organization, removing up to three layers of management in some functions so leaders are closer to the work.

3.We’re re-organizing R&D to create roughly 60 smaller, more empowered teams with end-to-end ownership, nearly doubling the number of independent teams.

4.We're rewiring internal processes with AI agents, automating the reviews, approvals, and handoffs to speed us up, and plan to right-size roles across the company to follow suit.

Operational changes and the update to our strategy are happening together: they are related but independent. Operationally, we grew into a shape that was right for the last era and isn't right for this one. The strategy below is what we're betting on next, and stands on its own.

We are reaffirming our Q1 and full year FY27 guidance today. The final scope and financial impact of the restructuring will be shared on our June 2 earnings call, once we’ve finished the plan and received approval by our board.

Our Core Beliefs

Underpinning the changes we’re making today, and our go forward strategy are 10 core beliefs that span the world we’re building for, the architectural bets we’re making and how we’ll deliver.

The world we're building for

We’re evolving our strategy to optimize for the future state of software engineering:

1- Software will be built by machines, directed by people. AI is the substrate on which future software gets built. Agents will plan, code, review, deploy, and repair. Humans still own the judgment that matters most: architecture, deep understanding of the customer problem, the tradeoffs that require taste. This is why we built and released the Duo Agent Platform in January. Our first quarter adoption is promising, and we're ready to accelerate.

2- The agentic era multiplies demand for software. Software has been the force multiplier behind nearly every business transformation of the last two decades. The constraint was the cost and time of producing and managing it. That constraint is collapsing. As the cost of producing software collapses, demand for it will expand. Last year, the developer platform market used to be measured in tens of dollars per user per month, this year it is hundreds/user/month and headed to thousands. Not only is the value of software for builders increasing, but we believe there will be more software and builders than ever, and we will serve an increasing volume of both.

3- The consequential work belongs to engineers. Engineering has always been about more than writing code. Great engineers are problem solvers and builders who care about system design, distributed systems, reasoning through failures, safely integrating new capability into critical systems, and making decisions under ambiguity. These are exactly the skills the agentic era needs more of, especially as the volume of software increases. The supply of deep technical problems is multiplying, and the engineers who can solve them will be among the scarcest and most valuable talent in the market. Our core users’ roles are evolving, their importance is only increasing.

The architectural bets we're making

Platforms that weren't built for machine scale are starting to break under it. Winning means investing in the fundamentals that really matter: security, performance, scalability, reliability and user experience. We're making five, fundamental architectural bets. Each one is underway and we plan to deliver without disruption to GitLab customer