Added to YB: 2026-09-07
Pitch date: 2026-09-03
GTLB [neutral]
GitLab Inc.
Author Info
No bio for this author
Company Info
GitLab Inc., together with its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.
Market Cap
$8.2B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-117.91
P/E
-158.00
EV/Sales
6.64
Sector
Software
Category
growth
GTLB: Great Result but Cutting the Position
GTLB (exited position): GitLab delivered a strong Q2, but the position is being sold after shares rose 26% pre-market to ~$56 and 7.3x FY27 guided revenue. Revenue grew 21%, deals above $500K grew over 150%, and adjusted cRPO was roughly stable at 23.8%, confirming real demand. However, Flex may redirect existing seat spend rather than add revenue, while reduced revenue predictability, a 400bp gross-margin decline to 84%, heavy stock compensation, and agent-driven pressure on seat economics support estimated value of $41-$51.
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