GitLab Inc. (GTLB) Stock Price & How to Invest

GitLab (GTLB) runs an open-core DevSecOps platform that lets software teams manage source code, run CI/CD pipelines, scan for security vulnerabilities, and deploy applications from a single application. Its differentiation versus Microsoft-owned GitHub centers on flexible deployment (self-managed, cloud, or air-gapped), LLM neutrality, and a workflow-integrated AI layer called GitLab Duo (with a Duo Agent Platform that reached general availability in January 2026). The company crossed $1 billion in annual recurring revenue in fiscal 2026 and was named a leader in Gartner's Magic Quadrant for DevOps Platforms.

The investment picture is a classic high-growth software profile in transition toward profitability. Revenue grew roughly 26% in fiscal 2026 (to about $955 million) and about 23% in the most recent quarter, gross margins sit near 87%, and free cash flow has swung sharply positive (about $220 million in fiscal 2026). GitLab is still GAAP-unprofitable, though losses have narrowed meaningfully, and non-GAAP operating margins have turned solidly positive. Bulls point to strong dollar-based net retention (around 117%), deepening enterprise penetration, and AI monetization; skeptics focus on the intense competition from GitHub Copilot, a rich valuation relative to GAAP earnings, and decelerating growth.

The dominant risk is competition from GitHub, owned by Microsoft, which has enormous distribution, deep enterprise bundling, and an aggressive AI roadmap around Copilot that leads on raw code generation. GitLab remains GAAP-unprofitable, so the stock trades on revenue multiples and forward expectations that can compress quickly if growth decelerates. Growth has been slowing from prior years, and some analysts model mid-teens forward growth rather than the 20%-plus of the recent past. AI could commoditize parts of the developer-tools stack or shift spending toward code-generation leaders. Macro pressure on software budgets and seat-based pricing adds cyclicality, and heavy stock-based compensation dilutes shareholders.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see GitLab Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$1.0B
• Revenue growth (latest Q): ~23% YoY
• Gross margin: ~87%
• Free cash flow (FY2026): ~$220M
• Net income (TTM): ~-$25M (loss)
• Market cap: ~$4B

GitLab crossed $1 billion in ARR in fiscal 2026 (ended January 31, 2026) and reported about $955 million of revenue, up roughly 26%, followed by about $264 million in Q1 fiscal 2027, up 23%. The company is still GAAP-unprofitable on a trailing basis but generates strong free cash flow and near-87% gross margins. With a market cap around $4 billion against roughly $1 billion of TTM revenue, the shares carry a growth-software valuation that assumes continued expansion and margin improvement.

There are three common ways to get GTLB exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so GTLB sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where GTLB fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

GTLB pairs a fast-growing, high-gross-margin DevSecOps platform with a still-unprofitable income statement and a formidable competitor in GitHub, so the story hinges on execution and AI adoption.

Whether GTLB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GTLB a buy?, and where the stock could go from here in the GTLB stock forecast.

For income investors, whether GTLB pays a dividend and how the payout looks is covered in does GTLB pay a dividend?