GitLab Debuts Remarkable Q3 Earnings Report

Revenue soared 32% to blow past expectations at $149.7 million

[{"selector":"#anim-11182394-70fe-413d-b33f-68ac2f624ed5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.6324913648118908%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

High-value customer growth accelerated, with 37% more accounts spending over $100k

[{"selector":"#anim-ba0ee7e3-a8c6-49a6-a8b7-d4785a96c623 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Strong net retention rate of 128% shows customers spending more over time

[{"selector":"#anim-75e7e65a-8cfc-42b3-83e2-270bead7dfc6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Swung to big profit of $0.09 per share, crushing loss estimates

[{"selector":"#anim-31a8d1b8-41af-4cd3-992f-2c68d0a950b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Adjusted operating income skyrocketed from a $21.6 million loss last year

[{"selector":"#anim-7e0350ad-c692-46f1-b021-97bb14926c85 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Guides for dramatically higher full-year revenue and profitability

[{"selector":"#anim-90ae0318-f886-4dcb-8100-9008886de702 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Q4 outlook easily tops consensus estimates across the board

[{"selector":"#anim-4023af0d-4df9-4941-bda5-020c3d5226d1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Flexing impressive customer metrics and retention engine

[{"selector":"#anim-6d2a3de8-9cab-4e64-87ed-93c53553d48f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Profit focus unlocks strategic options while sustaining growth pace

[{"selector":"#anim-8aca7fe8-38f9-4126-85b8-fdd8258413cb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]