Beats On Revenue But Stock Drops 12.4%
From Stockstory.org does not belong to a specific media company.: 2025-06-10 16:14:00
GitLab (NASDAQ:GTLB) exceeded revenue expectations in Q1 CY2025, reporting $214.5 million in sales, up 26.8% year on year. Non-GAAP profit per share was $0.17, beating estimates by 11.8%. The company expects next quarter’s revenue to be around $226.5 million. GitLab’s net revenue retention rate was 124%, showing customer satisfaction and growth. Despite shares trading down 11.9% after the report, long-term sales growth of 40.5% and positive future revenue projections suggest potential for success. Investors may want to consider GitLab’s business quality and valuation before deciding to buy.
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