Slide 1: Investor Update
Investor Update July 2026 © GitLab Inc.
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: 5 Architectural Bets
5 Architectural Bets © GitLab Inc.
Slide 4: GitLab agentic infrastructure for speed and control
GitLab agentic DevOps tools for fast execution Context for faster, better decisions Motor Nervous infrastructure for System System speed and control. Governance for every action Immune System © GitLab Inc.
Slide 5: Today: A unified platform
1 Machine Scale Infrastructure Today A unified platform Planning DevOps tools for Context for faster, fast execution better decisions Source code management Motor Nervous System System Continuous integration Governance for Artifact registry every action Immune System Continuous deployment © GitLab I
Slide 6: Next-Gen Source Code Management Architecture
Next-Gen Source Code Management Architecture Agents & clients Agents CI Developers Requests Intelligence layer Routing Caching Background work Dispatch Read / write Elastic compute Elastic object storage Scale on demand Objects Local disk cache only © GitLab Inc.
Slide 7: Next-Gen Source Code Management
Now in private beta Next-Gen Source Code Management Up to Up to Up to 2x 50x 1,000x Fewer tokens Faster wall clock time Less network traffic © GitLab Inc.
Slide 8: A single data model across the SDLC
2 Context Today DevOps tools for Context for faster, A single data model fast execution better decisions Motor Nervous System System across the SDLC Governance for every action Immune System © GitLab Inc.
Slide 9: A magical experience! Agents work, but…
Low Context amount needed High Working with a personal project A magical Working with a experience! large monorepo Agents work, but… takes too many iterations, Working with tokens, and too long multiple repos Agents fail as context window fills up, and agents give up © GitLab Inc.
Slide 10: Introducing GitLab Orbit
Introducing GitLab Orbit Context graph for the entire software lifecycle Your agents are more accurate, use fewer tokens, work faster. They can tackle previously impossible to answer questions. © GitLab Inc.
Slide 11: GitLab Orbit performance
GitLab Orbit Up to Up to Up to 11x 4.5x 45x faster response fewer tokens fewer hallucinations © GitLab Inc.
Slide 12: Proactive security & compliance
3 Governance Today Proactive security & compliance DevOps tools for Context for faster, Security testing fast execution better decisions Motor Nervous Software composition analysis System System Vulnerability management Governance for every action Policy enforcement Immune System Compliance manageme
Slide 13: GitLab Agents for Governance
GitLab Agents for Governance Ultimate security for agents Available now New Private Beta © GitLab Inc.
Slide 14: Agentic SDLC with Duo Agent Platform
4 Orchestration Today Agentic SDLC with Duo Agent Platform DevOps tools for Context for faster, fast execution better decisions Model agnostic Motor Nervous System System Cloud agnostic Governance for Bring your own model every action Immune System Air-gapped deployments © GitLab Inc.
Slide 15: A specialist agent for every job
Planner agent Security Analyst agent Data Analyst agent A specialist agent CI Expert agent for every job Agentic Chat (/explain, /refactor, /tests, ...) Custom agents External agents Claude Code, Codex, Gemini, ...) © GitLab Inc.
Slide 16: Agentic flows that automate the multi-step work
Developer flow Fix CI/CD Pipeline flow Agentic flows Convert to GitLab CI/CD flow that automate the Code Review flow multi-step work Vulnerability Resolution flow SAST false positive detection flow Secret false positive detection flow © GitLab Inc.
Slide 17: Agentic triggers automated or on-demand
Mention Assign Assign as reviewer Agentic triggers Pipeline events automated or Merge request ready on-demand Contextual UI buttons IDE Plugins Command line CLI MCP © GitLab Inc.
Slide 18: Proven ROI with Duo Agent Platform
Proven ROI with Duo Agent Platform Code review Duo Agentic Chat TIME SAVED > 20 minutes per review 100x TIME SAVED > 30 minutes daily 19x Fix failed pipelines Software development flow SAST vulnerability resolution TIME SAVED > 1.5 hours per fix 16x TIME SAVED > 2 hours per issue 12x TIME SAVED > 1.
Slide 19: One platform for all modes of engineering
5 One platform for all modes of engineering Human Agentic Assist Autonomous Secure Secure PLAN BUILD OBSERVE DEPLOY Govern Govern weeks to months 24x 20x Cloud and model neutral for how you want to work © GitLab Inc.
Slide 20: GitLab Business Update
GitLab Business Update © GitLab Inc.
Slide 21: First quarter fiscal year 2027 results
First quarter fiscal year 2027 results $264M Revenue1 23% YoY Revenue Growth1 14% Q1 FY27 Non-GAAP Operating Margin1 203bps $147M 56% Q1 FY27 Non-GAAP Operating Adjusted Free Cash Flow1 Q1 FY27 Non-GAAP Adj. Margin1 Expansion Free Cash Flow Margin1 Note: Figures as of the three months ended April 30
Slide 22: GitLab Ultimate
57% of total ARR1 from GitLab Ultimate as of Q1 FY27 GitLab Ultimate 7 10 Market leading, AI-native enterprise-grade out DevSecOps solution of largest deals purchased GitLab Ultimate in Q1 FY27 1 Definitions can be found in the Appendix © GitLab Inc.
Slide 23: GitLab Duo Agent Platform
GitLab Duo Agent Platform 4 10 out of Largest deals purchased GitLab Duo Agent Platform in Q1 FY27 © GitLab Inc.
Slide 24: Platform activity is surging
Platform activity is surging Push actions CI Pipelines Created 49% y/y 38% y/y 2024 2025 2026 2024 2025 2026 SaaS customers SaaS customers One push action can contain multiple commits © GitLab Inc.
Slide 25: Five growth initiatives
Five growth initiatives • 30% new logo growth YoY 01 Accelerating first orders • Highest absolute first order count in 10 quarters 02 Scaling sales capacity • Gross bookings improvement • New footprint with non-technical teams 03 Expanding monetization • Consumption signals • Headwinds persist for
Slide 26: First order momentum is strong
First order momentum is strong GitLab continues to win new logos at an increasing rate driven by: 100% YoY growth in first orders in ● Platform innovation Q2 FY27-to-date ● Go-to-market investments ● Native agentic capabilities © GitLab Inc.
Slide 27: Consumption Business Update
Consumption Business Update Flex Launch & CRR Outlook Consumption Run Rate Flex launched in Q2 FY27 Consumption-based buying program now in market with initial agreements closed Active FY27 pipeline Additional DAP + Flex opportunities in process Metric update Definition updated to include Flex post
Slide 28: GitLab Flex: A more flexible pricing model
GitLab Flex: A more flexible pricing model Seat-based Credit-based Core platform Agentic workloads Predictability for enterprise commitments Value scales with the work performed © GitLab Inc.
Slide 29: Top 10 US Bank
Top 10 US Bank Duo Agent Platform Pilot Averaging 1.5 hours saved Active developer base expected to 20x per developer per task from pilot based on customer rollout plan © GitLab Inc.
Slide 30: 3 insights from our Executive Advisory Board
3 insights from our Executive Advisory Board “ “ “ Agents are like GitLab's value is two-fold: We can no longer configure psychopathic interns. They cloud, model, and tool governance project by lack good judgement. A neutrality — and everything project. We need mission human could go to jail for tha
Slide 31: 5 architectural bets
5 architectural bets Machine-scale Context Governance infrastructure ● GitLab Orbit ● Identity, audit, policy, and ● Git for 100x growth deployment flexibility as ● Context brought to life ● New set of APIs core platform services ● Compounds over time Orchestration One platform for all ● Tying activ
Slide 32: 1Q27 Financial highlights
1Q27 Financial highlights © GitLab Inc.
Slide 33: First quarter fiscal year 2027 results
First quarter fiscal year 2027 results $264M Revenue1 23% YoY Revenue Growth1 14% Q1 FY27 Non-GAAP Operating Margin1 203bps $147M 56% Q1 FY27 Non-GAAP Operating Adjusted Free Cash Flow1 Q1 FY27 Non-GAAP Adj. Margin1 Expansion Free Cash Flow Margin1 Note: Figures as of the three months ended April 30
Slide 34: Growing customer base
Growing customer base Base Customers1 Customers Generating > $100k ARR1 1 Definitions can be found in the Appendix © GitLab Inc.
Slide 35: Strong momentum at scale
Strong momentum at scale Run-Rate Revenue1 (millions) 1 Definitions and reconciliations with most directly comparable GAAP figure can be found in the Appendix © GitLab Inc.
Slide 36: Focus on disciplined resource allocation
Focus on disciplined resource allocation Non-GAAP Gross Margin 1 Non-GAAP Operating Expenses 1,2 % of Revenue) 1 Definitions and reconciliations with most directly comparable GAAP figure can be found in the Appendix 2 Q1FY25 G&A expenses include $15 million expense related to our in-person compan
Slide 37: Balancing growth and margin expansion
Balancing growth and margin expansion Non-GAAP Operating Income / Loss1,2 % of Revenue) 1 Definitions and reconciliations with most directly comparable GAAP figure can be found in the Appendix 2 Q1FY25 G&A expenses include $15 million expense related to our in-person company-wide event © GitLab
Slide 38: Meaningful growth in adjusted free cash flow
Meaningful growth in adjusted free cash flow Non-GAAP Adjusted Free Cash Flow1 % of Revenue) 1 Definitions and reconciliations with most directly comparable GAAP figure can be found in the Appendix © GitLab Inc.
Slide 39: Questions?
Questions? © GitLab Inc.
Slide 40: Appendix
Appendix © GitLab Inc.
Slide 41: GAAP to Non-GAAP reconciliation: Gross Profit
GAAP to Non-GAAP reconciliation Gross Profit $ in thousands) FY 2025 FY 2026 Q1 FY26 Q1 FY27 GAAP Gross Profit $674,109 $834,481 $189,474 $226,670 Stock-based Compensation Expense $7,922 $10,313 $1,929 $2,864 Amortization of Acquired Intangibles $8,126 $8,065 $2,020 $2,015 Restructuring Charges $0
Slide 42: GAAP to Non-GAAP reconciliation: Sales & Marketing
GAAP to Non-GAAP reconciliation Sales & Marketing Expense $ in thousands) FY 2025 FY 2026 Q1 FY26 Q1 FY27 Sales & Marketing Expense $384,295 $434,725 $107,587 $119,358 Stock-based Compensation Expense $72,954 $78,967 $22,091 $17,445 Restructuring Charges $1,126 $1,493 $0 $0 Non-GAAP Sal
Slide 43: GAAP to Non-GAAP reconciliation: Research & Development
GAAP to Non-GAAP reconciliation Research & Development Expense $ in thousands) FY 2025 FY 2026 Q1 FY26 Q1 FY27 Research & Development Expense $239,652 $274,574 $65,410 $71,482 Stock-based Compensation Expense $58,312 $63,754 $14,272 $13,630 Restructuring Charges $393 $0 $0 $0 Non-GAAP Res
Slide 44: GAAP to Non-GAAP reconciliation: General & Administrative
GAAP to Non-GAAP reconciliation General & Administrative Expense $ in thousands) FY 2025 FY 2026 Q1 FY26 Q1 FY27 General & Administrative Expense $192,877 $195,663 $51,087 $51,579 Stock-based Compensation Expense $46,711 $61,917 $17,535 $16,122 Amortization of Acquired Intangibles $0 $0 $0
Slide 45: GAAP to Non-GAAP reconciliation: Operating Income
GAAP to Non-GAAP reconciliation Operating Income Loss $ in thousands) FY 2025 FY 2026 Q1 FY26 Q1 FY27 GAAP Operating Loss $142,715 $70,481 $34,610 $15,749 Stock-based Compensation Expense $185,899 $214,951 $55,827 $50,061 Amortization of Acquired Intangibles $8,126 $8,065 $2,020 $2,015 Re
Slide 46: GAAP to Non-GAAP reconciliation: Net Income
GAAP to Non-GAAP reconciliation Net Income Loss Attributable to GitLab $ in thousands) FY 2025 FY 2026 Q1 FY26 Q1 FY27 Net Loss Attributable to GitLab $6,326 $55,956 $35,875 $4,972 Stock-based Compensation Expense $185,899 $214,951 $55,827 $50,061 Amortization of Acquired Intangibles $8,1
Slide 47: 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 2025 FY 2026 Q1 FY26 Q1 FY27 Net Cash Provided by Used in) Operating Activities $63,971 $232,856 $106,302 $149,197 Additions to property and equipment $3,765 $10,827 $912 $2,393 Income tax p
Slide 48: Definitions
Definitions Customer: A single organization with separate subsidiaries, segments, or divisions that use the GitLab 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 subscri