From GlobeNewswire:

GitLab Inc. reported a strong fourth quarter and full fiscal year of 2024, with a quarterly revenue of $163.8 million, showing a 33% year-over-year growth. The company achieved a non-GAAP operating margin of 8% and recorded non-GAAP net income per share of $0.15. Fiscal year 2024 highlights include total revenue of $579.9 million and a non-GAAP operating margin of (0.2)%.
GitLab CEO Sid Sijbrandij stated that large enterprise customers are standardizing on GitLab to realize business value. The company’s DevSecOps platform integrates AI throughout the software development lifecycle, allowing customers to plan, build, manage, and deliver software more efficiently. GitLab also launched new products, including GitLab Duo Pro and a new Enterprise Agile Planning SKU.
Financially, GitLab saw growth in its customer base, with more than $5,000 of ARR increasing by 23%, more than $100,000 of ARR increasing by 37%, and more than $1M of ARR increasing by 52%. The Dollar-Based Net Retention Rate was 130%, and Total RPO grew 55% year over year to $674 million.
For the first quarter and fiscal year 2025, GitLab expects revenue of $165.0 – $166.0 million in Q1 and $725.0 – $731.0 million for the full year. The company also projects a non-GAAP operating income (loss) of $(13.0) – $(12.0) million for Q1 and $5.0 – $10.0 million for FY 2025. These statements are forward-looking, subject to factors that may impact actual results.



Read more at GlobeNewswire:: GitLab Reports Fourth Quarter and Full Year 2024 Financial