Revenue rose 21.3% to $286.3M in the fiscal second quarter, but the operating loss widened to $56.9M as restructuring costs and higher stock-based compensation drove expenses up 31.8%.

Filed September 2, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 4, 2025 · ~1 min read

Key Changes

• high

  Operating loss widened to $56.9M from $18.4M a year earlier, as total operating expenses rose 31.8% to $297.6M, including $5.2 million in restructuring costs and a 38.2% increase in stock-based compensation to $75.0M.

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• high

  The company repurchased $154.7M of common stock in the first half under its new 2026 Repurchase Program, with $245.3 million remained available for future repurchases as of July 31, 2026.

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• medium

  The company introduced GitLab Flex, a new purchasing model that allows customers to make a single annual commitment and reallocate it monthly; as of July 31, 2026, $40.4 million relates to non-cancellable customer advances under Flex contracts.

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