Why GitLab Inc. (GTLB) Went Down On Friday?

From Yahoo Finance: 2025-04-12 02:49:00

Wall Street indices bounced back on Friday amid ongoing trade tensions. The Nasdaq rose by 2.06%, the S&P 500 by 1.81%, and the Dow Jones by 1.56%. Ten companies, however, saw modest losses despite the optimism. GitLab Inc. (GTLB) fell 2.47% to $41.92 after a hacking incident exposed Europcar customer data.

Hackers accessed Europcar’s GitLab repositories, threatening to release sensitive data. GTLB reported a net income of $10.8 million for Q4 2025, a significant improvement from the previous year. Full-year net loss narrowed to $2.4 million, while revenues increased by 31% to $759.2 million. GTLB ranks 9th on a list of firms facing market challenges.



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