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GitLab GTLB

GitLab scores excellent on business quality (8.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$55.09Oct 9, 2026
Business qualityExcellent
Next earningsDec 7, 2026
Insiders, 90 daysQuiet

Why it matters

  1. What GitLab does

    GitLab sells a unified DevSecOps software platform on a subscription basis, helping enterprises plan, build, secure, and deploy code in one application.

  2. What it does best

    GitLab delivers elite pricing power through its gross margin of 85.9%, outperforming peer RBRK at 80.2%. This advantage stems from deep developer workflow integration that makes switching tools prohibitively costly for large engineering teams.

  3. The main risk

    Negative operating margins at -6.2% underscore ongoing bottom-line strain as aggressive sales scaling outpaces near-term profitability, leaving the company vulnerable to demand slowdowns.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margins sit at -6.2% while FCF margin hits 21.0% and sector percentiles rank operating profitability in the bottom quartile at the 6th percentile, showing scaling pains.

MoatStrong

Switching costs anchor an elite moat that locks in enterprise developers, supported by a gross margin sitting in the top decile of its sector at the 96th percentile.

GrowthFast

Revenue grew 25.8% to reach $1.05B, extending a multi-year surge visible in historical summaries where revenue nearly doubled since 2024.

Financial healthStrong

With $1.3B in cash and zero debt, the balance sheet is pristine, backing free cash flow of $213.0M that signals strengthening fundamentals.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on GTLB

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is GTLB a good business?

GitLab scores excellent on the Cluenex quality check (8.0 of 10), measured against its own industry. Profitability is weak, moat strong, growth fast and financial health strong.

Are insiders buying GTLB?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does GTLB report earnings?

Dec 7, 2026.

For members

See GTLB today

  • Today's verdict on GTLB, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “GitLab (GTLB)”, https://cluenex.com/stocks/gtlb/, data as of Oct 10, 2026.