Gitlab Inc.
GTLB · Services-Prepackaged Software · 154.3M shares · +34%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$162M (gross $590K, SBC $163M)
Reference price $28.39 · est. market cap ~$4.4B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74DevOps-software platform — near-breakeven on GAAP but strong free cash flow and rapid growth.
Strengths
- Strong FCF and growth — FCF $222M, FCF margin 23%, revenue +26% (77th)
- Elite gross margin — 87% (96th)
Risks
- GAAP near-breakeven — operating margin -7%
- Competition (incl. hyperscalers) — per 10-K
- Growth-durability dependence — per 10-K
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Net lossNet loss (net margin -5.9%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +34%/yr over 4y (dilution, book value/share -61%)
- Strong balance sheetStrong balance sheet — $230M cash & investments
- Insider buyingInsider buying — 3 open-market buy(s) by 1 insider(s) (~$253,092, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 28 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$39M, last 6mo) Form 4 ↗
- Notable holderHeld by 6 notable fund(s): GOLDMAN SACHS GROUP INC, STATE STREET CORP, CITADEL ADVISORS LLC +3 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
87.4%
Operating margin
-7.4%
Net margin
-5.9%
Return on equity
-5.6%
Return on assets
-3.2%
Revenue growth (QoQ)
1.4%
Current ratio
2.5×
Free cash flow
$222M
EBITDA
-$67M
Tangible book value
$964M
Cash & investments
$230M
Stock comp / revenue
22.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Mundy Simon | Tax withheld | 1.5K | $26.17 |
| 2026-06-17 | Bedi Sundeep | Grant | 7.6K | — |
| 2026-06-17 | SULLIVAN GODFREY | Grant | 7.6K | — |
| 2026-06-17 | BOSTROM SUSAN L | Grant | 7.6K | — |
| 2026-06-17 | BLASING KAREN | Grant | 7.6K | — |
| 2026-06-17 | Mundy Simon | Tax withheld | 2.4K | $27.29 |
| 2026-06-17 | Steward Ian | Tax withheld | 11K | $27.29 |
| 2026-06-17 | Schulman Robin | Tax withheld | 7.8K | $27.29 |
| 2026-06-17 | HENSHALL DAVID J | Grant | 7.6K | — |
| 2026-06-17 | Staples William | Tax withheld | 26K | $28.31 |
| 2026-06-15 | Sijbrandij Sytse | Sell | 103K | $28.39 |
| 2026-06-15 | Mundy Simon | Grant | 55K | — |
| 2026-06-15 | Sijbrandij Sytse | Sell | 14K | $28.83 |
| 2026-05-18 | Sijbrandij Sytse | Sell | 11K | $24.09 |
| 2026-05-18 | Sijbrandij Sytse | Sell | 105K | $24.93 |
| 2026-05-14 | Sijbrandij Sytse | Conversion | 15.1M | — |
| 2026-04-30 | Mundy Simon | Grant | 18K | — |
| 2026-04-29 | Steward Ian | Grant | 197K | — |
| 2026-04-29 | Schulman Robin | Grant | 79K | — |
| 2026-04-29 | Staples William | Grant | 436K | — |
| 2026-04-15 | Sijbrandij Sytse | Conversion | 116K | — |
| 2026-04-15 | Sijbrandij Sytse | Sell | 116K | $20.77 |
| 2026-03-31 | Staples William | Buy | 941 | $21.65 |
| 2026-03-31 | Staples William | Buy | 5.1K | $21.30 |
| 2026-03-27 | BOSTROM SUSAN L | Sell | 10K | $20.45 |
| 2026-03-27 | BOSTROM SUSAN L | Sell | 22K | $20.32 |
| 2026-03-20 | Jacobson Matthew | Sell | 347 | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 325 | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 328 | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 543 | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 9.1K | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 67K | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 194K | $22.37 |
| 2026-03-20 | Jacobson Matthew | Sell | 189K | $22.37 |
| 2026-03-19 | Jacobson Matthew | Sell | 347K | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 495 | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 827 | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 49K | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 66K | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 235K | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 529 | $22.95 |
| 2026-03-19 | Jacobson Matthew | Sell | 499 | $22.95 |
| 2026-03-16 | Schulman Robin | Tax withheld | 4.4K | $22.65 |
| 2026-03-16 | Mundy Simon | Tax withheld | 2.1K | $22.65 |
| 2026-03-16 | Steward Ian | Tax withheld | 3.7K | $22.65 |
| 2026-03-15 | Staples William | Tax withheld | 7.0K | $22.69 |
| 2026-03-11 | Padisetty Sivaprasad | Grant | 460K | — |
| 2026-03-11 | Ross Jessica P | Grant | 531K | — |
| 2026-02-17 | Sijbrandij Sytse | Sell | 3.0K | $29.18 |
| 2026-02-17 | Sijbrandij Sytse | Conversion | 54K | — |
| 2026-02-17 | Sijbrandij Sytse | Sell | 51K | $28.36 |
| 2026-01-14 | Sijbrandij Sytse | Sell | 44K | $35.85 |
| 2026-01-14 | Sijbrandij Sytse | Sell | 10K | $36.43 |
| 2026-01-14 | Sijbrandij Sytse | Conversion | 54K | — |
| 2025-12-31 | Shen James | Sell | 2.5K | $38.08 |
| 2025-12-31 | Staples William | Buy | 3.3K | $38.08 |
| 2025-12-19 | Jacobson Matthew | Sell | 335K | $38.08 |
| 2025-12-18 | Mundy Simon | Sell | 2.8K | $38.42 |
| 2025-12-16 | Schulman Robin | Tax withheld | 9.0K | $38.20 |
| 2025-12-16 | Farmer Sabrina | Tax withheld | 11K | $38.20 |
| 2025-12-16 | Shen James | Tax withheld | 3.2K | $38.20 |
| 2025-12-16 | Mundy Simon | Sell | 723 | $38.00 |
| 2025-12-16 | Mundy Simon | Tax withheld | 2.8K | $38.20 |
| 2025-12-16 | Steward Ian | Tax withheld | 8.1K | $38.20 |
| 2025-12-15 | Sijbrandij Sytse | Conversion | 54K | — |
| 2025-12-15 | Sijbrandij Sytse | Sell | 54K | $38.94 |
| 2025-12-15 | Sijbrandij Sytse | Sell | 700 | $39.60 |
| 2025-12-15 | Staples William | Tax withheld | 11K | $39.52 |
| 2025-12-09 | BOSTROM SUSAN L | Sell | 30K | $39.25 |
| 2025-12-08 | BOSTROM SUSAN L | Sell | 15K | $39.75 |
| 2025-12-08 | BOSTROM SUSAN L | Sell | 10K | $39.50 |
| 2025-12-08 | BOSTROM SUSAN L | Sell | 15K | $39.55 |
| 2025-12-08 | BOSTROM SUSAN L | Sell | 15K | $39.42 |
| 2025-12-08 | BOSTROM SUSAN L | Sell | 15K | $39.50 |
| 2025-11-17 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-11-17 | Sijbrandij Sytse | Sell | 74K | $42.98 |
| 2025-11-17 | Sijbrandij Sytse | Sell | 35K | $43.59 |
| 2025-10-15 | BLASING KAREN | Sell | 3.2K | $45.26 |
| 2025-10-15 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-10-15 | Sijbrandij Sytse | Sell | 77K | $44.10 |
| 2025-10-15 | Sijbrandij Sytse | Sell | 32K | $44.75 |
| 2025-10-01 | Mundy Simon | Sell | 5.2K | $43.99 |
| 2025-09-23 | Jacobson Matthew | Sell | 13K | $50.16 |
| 2025-09-23 | Jacobson Matthew | Sell | 14K | $50.16 |
| 2025-09-23 | Jacobson Matthew | Sell | 14K | $50.16 |
| 2025-09-23 | Jacobson Matthew | Sell | 22K | $50.16 |
| 2025-09-20 | Mundy Simon | Grant | 16K | — |
| 2025-09-20 | Shen James | Grant | 11K | — |
| 2025-09-19 | Jacobson Matthew | Sell | 49K | $50.17 |
| 2025-09-19 | Jacobson Matthew | Sell | 53K | $50.17 |
| 2025-09-19 | Jacobson Matthew | Sell | 50K | $50.17 |
| 2025-09-19 | Jacobson Matthew | Sell | 82K | $50.17 |
| 2025-09-18 | Jacobson Matthew | Sell | 11K | $50.05 |
| 2025-09-18 | Jacobson Matthew | Sell | 10.0K | $50.05 |
| 2025-09-18 | Jacobson Matthew | Sell | 10K | $50.05 |
| 2025-09-18 | Jacobson Matthew | Sell | 17K | $50.05 |
| 2025-09-17 | Jacobson Matthew | Sell | 132K | $50.50 |
| 2025-09-17 | Jacobson Matthew | Sell | 4.8K | $51.10 |
| 2025-09-17 | Jacobson Matthew | Sell | 79K | $50.50 |
| 2025-09-17 | Jacobson Matthew | Sell | 4.8K | $51.10 |
| 2025-09-17 | Jacobson Matthew | Sell | 5.1K | $51.10 |
| 2025-09-17 | Jacobson Matthew | Sell | 7.9K | $51.10 |
| 2025-09-17 | Jacobson Matthew | Sell | 79K | $50.50 |
| 2025-09-17 | Jacobson Matthew | Sell | 84K | $50.50 |
| 2025-09-16 | Farmer Sabrina | Tax withheld | 11K | $49.80 |
| 2025-09-16 | ROBINS BRIAN G | Tax withheld | 19K | $49.80 |
| 2025-09-16 | Schulman Robin | Tax withheld | 9.0K | $49.80 |
| 2025-09-15 | BLASING KAREN | Sell | 401 | $50.54 |
| 2025-09-15 | BLASING KAREN | Sell | 2.8K | $50.02 |
| 2025-09-15 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-09-15 | Sijbrandij Sytse | Sell | 79K | $50.02 |
| 2025-09-15 | Sijbrandij Sytse | Sell | 29K | $50.45 |
| 2025-09-15 | Staples William | Tax withheld | 11K | $50.30 |
| 2025-09-08 | Jacobson Matthew | Sell | 54K | $46.80 |
| 2025-09-08 | Jacobson Matthew | Sell | 89K | $46.80 |
| 2025-08-18 | BLASING KAREN | Sell | 3.2K | $45.00 |
| 2025-08-18 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-08-18 | Sijbrandij Sytse | Sell | 32K | $44.32 |
| 2025-08-18 | Sijbrandij Sytse | Sell | 70K | $45.47 |
| 2025-08-18 | Sijbrandij Sytse | Sell | 6.4K | $45.98 |
| 2025-07-18 | BLASING KAREN | Sell | 3.2K | $45.00 |
| 2025-07-15 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-07-15 | Sijbrandij Sytse | Sell | 96K | $43.24 |
| 2025-07-15 | Sijbrandij Sytse | Sell | 13K | $44.06 |
| 2025-07-15 | Saintil Merline | Sell | 607 | $43.65 |
| 2025-07-02 | Saintil Merline | Sell | 607 | $45.50 |
| 2025-06-27 | BLASING KAREN | Sell | 3.2K | $45.00 |
| 2025-06-25 | Jacobson Matthew | Sell | 49K | $42.32 |
| 2025-06-25 | Jacobson Matthew | Sell | 81K | $42.32 |
| 2025-06-20 | Saintil Merline | Grant | 4.9K | — |
| 2025-06-20 | SULLIVAN GODFREY | Grant | 4.9K | — |
| 2025-06-20 | Bedi Sundeep | Grant | 4.9K | — |
| 2025-06-20 | BLASING KAREN | Grant | 4.9K | — |
| 2025-06-20 | BOSTROM SUSAN L | Grant | 4.9K | — |
| 2025-06-20 | HENSHALL DAVID J | Grant | 4.9K | — |
| 2025-06-18 | Steward Ian | Grant | 185K | — |
| 2025-06-16 | Farmer Sabrina | Tax withheld | 8.2K | $41.63 |
| 2025-06-16 | ROBINS BRIAN G | Tax withheld | 17K | $41.63 |
| 2025-06-16 | Schulman Robin | Tax withheld | 7.1K | $41.63 |
| 2025-06-16 | Staples William | Tax withheld | 19K | $41.63 |
| 2025-06-16 | Sijbrandij Sytse | Sell | 85K | $41.25 |
| 2025-06-16 | Sijbrandij Sytse | Sell | 24K | $42.11 |
| 2025-06-16 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-05-15 | BLASING KAREN | Sell | 300 | $52.50 |
| 2025-05-15 | BLASING KAREN | Sell | 3.0K | $51.49 |
| 2025-05-14 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-05-14 | Sijbrandij Sytse | Sell | 91K | $52.92 |
| 2025-05-14 | Sijbrandij Sytse | Sell | 17K | $53.58 |
| 2025-05-13 | ROBINS BRIAN G | Sell | 45K | $53.04 |
| 2025-05-13 | ROBINS BRIAN G | Conversion | 45K | — |
| 2025-04-23 | BLASING KAREN | Sell | 3.2K | $45.00 |
| 2025-04-15 | Sijbrandij Sytse | Conversion | 109K | — |
| 2025-04-15 | Sijbrandij Sytse | Sell | 109K | $42.87 |
| 2025-04-10 | Farmer Sabrina | Grant | 51K | — |
| 2025-04-10 | Schulman Robin | Grant | 39K | — |
| 2025-04-10 | ROBINS BRIAN G | Grant | 79K | — |
| 2025-03-24 | Jacobson Matthew | Sell | 13K | $52.30 |
| 2025-03-24 | Jacobson Matthew | Sell | 590 | $53.13 |
| 2025-03-24 | Jacobson Matthew | Sell | 14K | $52.30 |
| 2025-03-24 | Jacobson Matthew | Sell | 640 | $53.13 |
| 2025-03-24 | Jacobson Matthew | Sell | 45K | $52.30 |
| 2025-03-24 | Jacobson Matthew | Sell | 2.0K | $53.13 |
| 2025-03-24 | Jacobson Matthew | Sell | 74K | $52.30 |
| 2025-03-24 | Jacobson Matthew | Sell | 3.3K | $53.13 |
| 2025-03-19 | BOSTROM SUSAN L | Sell | 40K | $51.88 |
| 2025-03-17 | Farmer Sabrina | Tax withheld | 6.3K | $51.74 |
| 2025-03-17 | Schulman Robin | Option exercise | 5.7K | — |
| 2025-03-17 | Schulman Robin | Tax withheld | 6.1K | $51.74 |
| 2025-03-17 | ROBINS BRIAN G | Option exercise | 12K | — |
| 2025-03-17 | ROBINS BRIAN G | Tax withheld | 15K | $51.74 |
| 2025-03-17 | BLASING KAREN | Sell | 6.5K | $51.91 |
| 2025-03-17 | Sijbrandij Sytse | Conversion | 56K | — |
| 2025-03-17 | Sijbrandij Sytse | Sell | 39K | $51.79 |
| 2025-03-17 | Sijbrandij Sytse | Sell | 17K | $52.32 |
| 2025-03-03 | HENSHALL DAVID J | Grant | 4.4K | — |
| 2025-03-03 | HENSHALL DAVID J | Grant | 974 | — |
| 2025-02-18 | BLASING KAREN | Sell | 600 | $68.58 |
| 2025-02-18 | BLASING KAREN | Sell | 2.4K | $70.24 |
| 2025-02-18 | BLASING KAREN | Sell | 3.5K | $71.15 |
| 2025-02-18 | Sijbrandij Sytse | Conversion | 84K | — |
| 2025-02-18 | Sijbrandij Sytse | Sell | 4.1K | $68.42 |
| 2025-02-18 | Sijbrandij Sytse | Sell | 16K | $69.68 |
| 2025-02-18 | Sijbrandij Sytse | Sell | 35K | $70.66 |
| 2025-02-18 | Sijbrandij Sytse | Sell | 29K | $71.37 |
| 2025-02-03 | ROBINS BRIAN G | Conversion | 10K | — |
| 2025-02-03 | ROBINS BRIAN G | Sell | 6.3K | $70.57 |
| 2025-02-03 | ROBINS BRIAN G | Sell | 3.7K | $71.26 |
| 2025-01-28 | Schulman Robin | Conversion | 9.3K | — |
| 2025-01-28 | Schulman Robin | Sell | 9.3K | $70.00 |
| 2025-01-17 | Schulman Robin | Conversion | 9.3K | — |
| 2025-01-17 | Schulman Robin | Sell | 9.3K | $65.00 |
| 2025-01-15 | Sijbrandij Sytse | Conversion | 84K | — |
| 2025-01-15 | Sijbrandij Sytse | Sell | 45K | $62.68 |
| 2025-01-15 | Sijbrandij Sytse | Sell | 39K | $63.35 |
| 2025-01-15 | BLASING KAREN | Sell | 3.6K | $62.97 |
| 2025-01-15 | BLASING KAREN | Sell | 2.9K | $63.47 |
| 2025-01-03 | Schulman Robin | Conversion | 9.3K | — |
| 2025-01-03 | Schulman Robin | Sell | 9.3K | $60.00 |
| 2025-01-02 | ROBINS BRIAN G | Sell | 800 | $56.96 |
| 2025-01-02 | Schulman Robin | Sell | 7.3K | $56.98 |
| 2025-01-02 | ROBINS BRIAN G | Conversion | 10K | — |
| 2025-01-02 | ROBINS BRIAN G | Sell | 9.2K | $56.18 |
| 2024-12-31 | BOSTROM SUSAN L | Sell | 20K | $56.26 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | Exec/director changeShareholder vote | filing ↗ |
| 2026-06-02 | Results2.05Reg FDExhibits | filing ↗ |
| 2026-05-19 | Reg FD | filing ↗ |
| 2026-05-11 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-16 | Exec/director change | filing ↗ |
| 2026-03-03 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-01-12 | Exec/director changeReg FD | filing ↗ |
| 2026-01-05 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-17 | 0001653482-26-000139 ↗ |
| 10-Q | 2026-06-02 | 2026-04-30 | 0001628280-26-039793 ↗ |
| 8-K | 2026-06-02 | 2026-06-01 | 0001628280-26-039805 ↗ |
| 8-K | 2026-05-19 | 2026-05-18 | 0001653482-26-000107 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001653482-26-000095 ↗ |
| 8-K | 2026-04-16 | 2026-04-13 | 0001653482-26-000051 ↗ |
| 10-K | 2026-03-17 | 2026-01-31 | 0001628280-26-018731 ↗ |
| 8-K | 2026-03-03 | 2026-03-02 | 0001628280-26-013795 ↗ |
| 8-K | 2026-01-12 | 2026-01-09 | 0001653482-26-000009 ↗ |
| 8-K | 2026-01-05 | 2025-12-30 | 0001653482-26-000002 ↗ |
| 10-Q | 2025-12-03 | 2025-10-31 | 0001628280-25-054840 ↗ |
| 8-K/A | 2025-12-03 | 2025-12-02 | 0001628280-25-054895 ↗ |