GTLB
GitLab Inc.

GitLab Inc.GTLB

Technology · Software - Infrastructure
48.09USD
-1.84%
Nov 09, 2026
GTLB overview ready
Unified AI-Enabled DevSecOps Platform for Enterprise Software Development
GitLab is a direct platform vendor for enterprises seeking to embed AI agents into the software-development lifecycle while retaining integrated source-code, CI/CD, security and governance workflows.
Primary theme is weakening
DevOps, Observability & IT Operations is weakening (-1.4pp vs SPY over 21 sessions; 3 of 6 members ahead of SPY).
Constructive pullback in an uptrend
Longer-term context reads early trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
Demanding valuation
GitLab Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Unremarkable fundamentals
Primary risk
Slower-than-expected enterprise adoption of AI modules.
Market Nov 6Filing Jul 31Price action Nov 8Research Oct 15

Conviction Level

PriceAction5.7BusinessPerformance5.0BusinessQuality4.6Valuation3.0ThemeMomentum3.0Mixed — Revenue is growing at a steady pace (+21% year over year). The company is still loss-making: the diluted loss per share widened to -$0.22 from -$0.06 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−1.4pp
Theme return
−6.4%
Beating SPY
3 of 6
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads early trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$8.1B
Avg Volume (60D)
3.8M
60 sessions
Revenue Growth YoY
+25.8%
FY2026 vs FY2025
Gross Margin
+85.8%
Trailing twelve months
Operating Margin
-8.5%
Trailing twelve months
Free Cash Flow Yield
+2.6%
Distance from 200DMA
+39.5%
Next Earnings
2026-12-01
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Business Performance

Mixed

Revenue is growing at a steady pace (+21% year over year). The company is still loss-making: the diluted loss per share widened to -$0.22 from -$0.06 a year earlier.

Latest reported: Q2 FY2027, ended Jul 31
Revenue growthGrowing
+21%
$286M in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +25%
  2. +23%
  3. +23%
  4. +21%
Earnings growthLoss widening
-$0.22
Diluted EPS -$0.22 vs -$0.06 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginSwinging
-19.9%
-12.1 pp YoY · gross margin 84.1% (-3.9 pp)

Business Quality

4.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
GitLab Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Thesis
GitLab is a direct platform vendor for enterprises seeking to embed AI agents into the software-development lifecycle while retaining integrated source-code, CI/CD, security and governance workflows. The story is still emerging, so the exposure is real but early.
Opportunity
High opportunity
Enterprise adoption of AI agents that plan, write, test, review, secure and deploy software within governed software-delivery workflows.
Key risk
Slower-than-expected enterprise adoption of AI modules.

Economic classification

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Business & Markets

Technology · Software - Infrastructure
What they do

GitLab Inc. develops and operates a unified software platform that manages the entire software development lifecycle, integrating development, security, compliance, and deployment workflows into a single application.

How it earns

The company primarily generates revenue through subscription-based licensing of its software platform.

Products & services
GitLab DevSecOps Platform
GitLab Duo Agent Platform
Customers & end markets
Enterprise software development teams
Technology companies
Organizations adopting DevSecOps workflows
Market position

GitLab is a leader in integrated DevSecOps platforms offering end-to-end software lifecycle management with embedded AI capabilities.

Demand drivers
Low cyclicality

Demand for software development and security tools tends to be stable and driven by ongoing digital transformation rather than economic cycles.

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