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.