GitLab Reports 23% YoY Revenue Growth to $264.2M

GitLab reported fiscal first-quarter revenue of $264.2 million, a 23% year-over-year increase that exceeded its guidance of $253 million to $255 million. Subscription revenue rose 23% to $239.3 million, and license revenue grew 25% to $24.9 million. The company recorded nearly $20 million in consumption revenue from its Duo Agentic Platform and saw a 30% increase in new logo growth. Customers with $100,000 or more in annual recurring revenue rose 18% to 1,519.