GTLBGitlab Inc.
Services-Prepackaged Software
- Revenue
- $955M
- 26% YoY
- Operating margin
- -7.4%
- 61% YoY
- EBITDA
- −$67M
- 52% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired23% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $253M | $424M | $580M | $759M | $955M | 26% |
| Operating income | −$129M | −$211M | −$187M | −$143M | −$70M | 51% |
| Net income | −$155M | −$172M | −$424M | −$5M | −$59M | 1020% |
| Operating cash flow | −$50M | −$77M | $35M | −$64M | $233M | 464% |
| Capex | $4M | $6M | $2M | $4M | $11M | 188% |
| Stock-based comp | $30M | $123M | $163M | $186M | $215M | 16% |
| Buybacks | $590K | $0 | $0 | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $125K · 1
- Open-market sells, 12 mo
- $110M · 12
- Net
- −$110M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 34 | 213 |
| FY2025 | — | — | 70 | 169 |
| FY2024 | — | — | 68 | 133 |
| FY2023 | — | — | 48 | 88 |
| FY2022 | — | — | 62 | 105 |