GitLab Debuts Remarkable Q3 Earnings Report

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

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

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

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

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

Guides for dramatically higher full-year revenue and profitability

Q4 outlook easily tops consensus estimates across the board

Flexing impressive customer metrics and retention engine

Profit focus unlocks strategic options while sustaining growth pace