GitLab Fiscal 2022 Financial Performance
Mar 14th, 2022Milestone
-
GitLab's Q4 revenue reached $77.8 million, a 69% increase year-over-year.
-
Annual revenue for Fiscal Year 2022 was $252.7 million.
-
Dollar-Based Net Retention Rate exceeded 152%, indicating strong customer retention and account expansion.
-
GAAP operating margin was (51)% for the year, with a GAAP net loss per share of $(1.95). Non-GAAP margins and net loss per share were (39)% and $(1.20), respectively.
-
GitLab's growth driven by customer adoption of its DevOps platform, with Ultimate tier as the fastest growing.