Slide 1: Investor Presentation First Quarter Fiscal Year 2026
Investor Presentation First Quarter Fiscal Year 2026
Slide 2: Forward-looking statements
This presentation contains “forward-looking statementsˮ within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to,
Slide 3: First quarter fiscal year 2026 results
First quarter fiscal year 2026 results $215M 27% 12% 49% Q1 FY26 Non-GAAP Adj. Revenue1 Revenue Growth1 Q1 FY26 Non-GAAP Operating Margin1 Free Cash Flow Margin1 122% 1 Dollar-Based Net Retention Rate 10,104 Base Customers 1 1,288 $100K ARR Customers 1 1 Platform Note: Figures as of the three month
Slide 4: GitLab is the most comprehensive, intelligent DevSecOps platform
GitLab is the most comprehensive, intelligent DevSecOps platform © GitLab Inc.
Slide 5: Customers are moving to our AI-native DevSecOps Platform
Customers are moving to our AI-native DevSecOps Platform © GitLab Inc.
Slide 6: GitLab Premium and GitLab Duo Pro
GitLab Premium and GitLab Duo Pro Targeting 2x faster feature development © GitLab Inc.
Slide 7: © GitLab Inc.
© GitLab Inc.
Slide 8: Delivering new secure, scalable, AI-native capabilities
Simplifying platform use and administration for an Delivering new industry-leading DevSecOps experience and faster secure, scalable, feature adoption AI-native capabilities Deepening security and compliance capabilities in GitLab 18 Integrating AI natively throughout the platform © GitLab Inc.
Slide 9: The GitLab Duo Product Suite
The GitLab Duo Product Suite AI-native capabilities that grow with customer needs Generative AI Agentic AI GitLab Duo Pro GitLab Duo GitLab Duo GitLab Duo Enterprise with Amazon Q Workflow Beta Add-ons AI for AI for organizations AI-powered The future of developers DevSecOps for secure agentic AWS
Slide 10: GitLab Duo key features at-a-glance
Category Feature Premium/Ultimate Duo Pro Duo with Duo Enterprise Code Code Completion Suggestions Code Generation Chat Code Explanation IDE only Code Refactoring IDE only Test Generation IDE only Code Fixes IDE only Access Group/project controls GitLab Duo Controls Seat assignment Vulnerability exp
Slide 11: R+V Versicherung
RV Versicherung GitLab Ultimate + Duo Enterprise 35% acceleration in AI-assisted 25% acceleration in root cause test generation analysis and code explanation © GitLab Inc.
Slide 12: Accelerate modern application development with AI-powered DevSecOps
Accelerate modern application development with AI-powered DevSecOps paired with autonomous AI agents in GitLab © GitLab Inc.
Slide 13: Volkswagen Digital Solutions
mmm VOLKSWAGEN DIGITAL SOLUTIONS
Slide 14: GitLab Duo Workflow
GitLab Duo Workflow* Runs in IDE to eliminate context switching Secure, agentic AI across the software development lifecycle Creates and works through a plan, in response to developer prompts Stages proposed changes in a projectʼs repository. Developers control when to accept, modify, or reject the
Slide 15: The future of AI-native software development
35% 35% quarter-over-quarter in customer1 quarter-over-quarter increase The future of AI-native software development increase in new purchases customer purchases 1 © GitLab Inc. Q1 FY 2026 vs Q4 FY 2025
Slide 16: Enhancing developer productivity
GitLab Ultimate + Duo Enterprise Enhancing developer Implementing comprehensive, productivity enterprise-wide AI solution © GitLab Inc.
Slide 17: GitLab Ultimate
52% of total ARR from GitLab GitLab Ultimate Ultimate as of Q1 FY26 Market leading, AI-native enterprise-grade DevSecOps solution 8 10 out of largest deals purchased GitLab Ultimate in Q1 FY26 © GitLab Inc.
Slide 18: Market intelligence and search platform
Market intelligence and search platform GitLab Ultimate + Duo Enterprise Platform AI-powered development consolidation to streamline workflows © GitLab Inc.
Slide 19: GitLab Dedicated for Government achieves FedRAMP Moderate Authorization
GitLab Dedicated for Government has achieved FedRAMP® Moderate Authorization © GitLab Inc.
Slide 20: © GitLab Inc.
Telalite, ONS
Slide 21: NatWest
NatWest GitLab Ultimate + Duo Enterprise 20% 17,000 6,000 improvement in users on Duo Enterprise deployment Dedicated seats frequency over last 12 months © GitLab Inc.
Slide 22: Co-creation ecosystem
Co-creation ecosystem April set an all-time record for customer contributions to our platform. © GitLab Inc.
Slide 23: The next step in intelligent DevSecOps
The next step in intelligent DevSecOps Join the virtual launch event and see how you can make your entire SDLC smarter, faster, and more secure. about.gitlab.com/eighteen © GitLab Inc.
Slide 24: Financial highlights
Financial highlights © GitLab Inc.
Slide 25: First quarter fiscal year 2026 results
First quarter fiscal year 2026 results $215M Revenue 1 27% YoY Revenue Growth 1 12% Q1 FY26 Non-GAAP Operating Margin1 1,443bps Q1 FY26 Non-GAAP Operating Margin 1 $104M Adjusted Free Cash Flow 1 49% Q1 FY26 Non-GAAP Adj. Free Cash Expansion Flow Margin1 Note: Figures as of the three months ended Ap
Slide 26: Strong momentum at scale
30% 2Year CAGR Strong momentum at scale Run-Rate Revenue1 (millions) 1 © GitLab Inc. Definition can be found in the Appendix.
Slide 27: Growing customer base
Growing customer base Base Customers 1 Customers Generating > $100k ARR 1 © GitLab Inc. Definition can be found in the Appendix.
Slide 28: Focus on disciplined resource allocation
Focus on disciplined resource allocation Non-GAAP Gross Margin 1 Non-GAAP Operating Expenses 1,2 % of Revenue) © GitLab Inc. 1 Non-GAAP metrics-see Appendix for reconciliation with most directly comparable GAAP figure. 2 Q1FY25 G&A expenses include $15 million expense related to our in-person com
Slide 29: Investment in growth while expanding margins
Investment in growth while expanding margins Non-GAAP Operating Income / Loss1,2 % of Revenue) Significant year-over-year operating margin expansion © GitLab Inc. 1 Non-GAAP metrics-see Appendix for reconciliation with most directly comparable GAAP figure. 2 Q1FY25 G&A expenses include $15 mill
Slide 30: Financial outlook
Financial outlook Second Quarter and Fiscal Year 2026 $ in millions, except per share data) Q2 FY 2026 Guidance FY 2026 Guidance Revenue $226.0 $227.0 $936 $942 Non-GAAP Operating Income $23.0 $24.0 $117 $121 Non-GAAP Net Income per Share $0.16 $0.17 $0.74 $0.75 ● Our guidance philosoph
Slide 31: Meaningful growth in adjusted free cash flow
1 Non-GAAP Non-GAAP Adjusted Adjusted Free Free Cash Cash Flow Flow1 % % of of Revenue) Revenue) Meaningful growth in adjusted free cash flow © GitLab Inc. 1 Non-GAAP metrics-see Appendix for reconciliation with most directly comparable GAAP figure.
Slide 32: The most comprehensive DevSecOps platform
The most comprehensive, DevSecOps platform © GitLab Inc.
Slide 33: Questions?
Questions? © GitLab Inc.
Slide 34: Appendix
Appendix © GitLab Inc.
Slide 35: GAAP to Non-GAAP reconciliation: Gross Profit
GAAP to Non-GAAP reconciliation Gross Profit $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 GAAP Gross Profit $520,198 $674,109 $150,411 $189,474 Stock-based Compensation Expense $6,400 $7,922 $1,855 $1,929 Amortization of Intangible Assets $2,067 $8,126 $1,087 $2,020 Restructuring Charges $463 $0
Slide 36: GAAP to Non-GAAP reconciliation: Sales & Marketing Expense
GAAP to Non-GAAP reconciliation Sales & Marketing Expense $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 Sales & Marketing Expense $356,393 $384,295 $92,424 $107,587 Stock-based Compensation Expense $68,766 $72,954 $17,397 $22,091 Restructuring Charges $3,811 $1,126 $730 $0 Non-GAAP
Slide 37: GAAP to Non-GAAP reconciliation: Research & Development Expense
GAAP to Non-GAAP reconciliation Research & Development Expense $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 Research & Development Expense $200,840 $239,652 $54,140 $65,410 Stock-based Compensation Expense $50,804 $58,312 $12,336 $14,272 Restructuring Charges $2,119 $393 $0 $0 Non-GA
Slide 38: GAAP to Non-GAAP reconciliation: General & Administrative Expense
GAAP to Non-GAAP reconciliation General & Administrative Expense $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 General & Administrative Expense $150,405 $192,877 $57,487 $51,087 Stock-based Compensation Expense $37,079 $46,711 $10,664 $17,535 Amortization of Acquired Intangibles $100 $0
Slide 39: GAAP to Non-GAAP reconciliation: Operating Income (Loss)
GAAP to Non-GAAP reconciliation Operating Income Loss $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 GAAP Operating Loss $187,440 $142,715 $53,640 $34,610 Stock-based Compensation Expense $163,049 $185,899 $42,252 $55,827 Amortization of Intangible Assets $2,167 $8,126 $1,087 $2,020 Rest
Slide 40: GAAP to Non-GAAP reconciliation: Net Income (Loss)
GAAP to Non-GAAP reconciliation Net Income Loss Attributable to GitLab $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 Net Loss Attributable to GitLab $425,677 $6,326 $55,233 $35,875 Stock-based Compensation Expense $163,049 $185,899 $42,252 $55,827 Amortization of Acquired Intangibles $2
Slide 41: GAAP to Non-GAAP reconciliation: Adjusted Free Cash Flow
GAAP to Non-GAAP reconciliation Operating Cash Flow to Adjusted Free Cash Flow $ in thousands) FY 2024 FY 2025 Q1 FY25 Q1 FY26 Net Cash Provided by Used in) Operating Activities $35,040 $63,971 $38,138 $106,302 Purchases of Property and Equipment $1,598 $3,765 $700 $912 Income tax paymen
Slide 42: Definitions
Definitions Customer: A single organization with separate subsidiaries, segments, or divisions that use The one DevOps Platform is considered a single customer for determining each organizationʼs ARR. Reseller or distributor channel partners are not counted as customers. In cases where customers sub