Gitlab Q2 FY26 revenue increased by 29% year-on-year, company announces CFO departure

GitLab, Inc. announced its financial results for the second quarter of fiscal year 2026. The company reported revenue of $236 million, up 29% year-over-year; GAAP operating margin was -8%, a significant improvement from -22% in the same period last year, and non-GAAP operating margin was 17%, up 7 percentage points year-over-year. After-hours stock price fell more than 7%.

Q2 revenue reached $236 million, a year-over-year increase of 29%; GAAP operating margin was -8%; non-GAAP operating margin was 17%.

Cash flow performance was strong, with operating cash flow of $49.4 million and non-GAAP adjusted free cash flow of $46.5 million, both showing significant year-over-year growth. In terms of customers, the number of customers with annual recurring revenue (ARR) over $5,000 reached 10,338 (+11%), and large customers with over $100,000 reached 1,344 (+25%), with a dollar-based net retention rate of 121%.

On the business side, the company launched the public beta of the GitLab Duo Agent platform, integrating multiple AI tools; reached a three-year strategic partnership with AWS. Meanwhile, new Chief Product & Marketing Officer and Chief Information Officer were appointed.

In terms of management, former CFO Brian Robins will leave on September 19, and Vice President of Finance James Shen will serve as interim CFO.

Looking ahead, Q3 revenue is expected to be between $238 million and $239 million, and fiscal year 2026 revenue is expected to be between $936 million and $942 million.