Financials GitLab Inc.

Equities

GTLB

US37637K1088

Software

Market Closed - Nasdaq Other stock markets 21:00:00 23/04/2025 BST			5-day change	1st Jan Change
42.92 ^USD	+3.30%		+1.20%	-23.83%

04-23	Cybersecurity startup Chainguard almost triples valuation to $3.5 billion after fundraise	RE
04-17	Gitlab Announces The General Availability Of Gitlab Duo With Amazon Q	RE

Projected Income Statement: GitLab Inc.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	-	252.7	424.3	579.9	759.2	941.7	1,152	1,450
Change	-	-	67.95%	36.66%	30.93%	24.03%	22.31%	25.89%
EBITDA ¹	-	-63.71	-83.91	5.169	80.51	124.4	170.7	259
Change	-	-	-31.71%	106.16%	1,457.48%	54.52%	37.22%	51.74%
EBIT ¹	-	-98.28	-87.14	-1.366	77.65	117.2	167.7	267.8
Change	-	-	11.34%	98.43%	5,784.19%	50.99%	43.02%	59.74%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-159.1	-175.3	-160.2	-81.9	-78.63	-80.78	6.005
Change	-	-	-10.22%	8.66%	48.86%	3.99%	-2.73%	107.43%
Net income ¹	-192.2	-155.1	-172.3	-424.2	-2.434	-74.56	-71.29	-2.75
Change	-	19.28%	-11.07%	-146.17%	99.43%	-2,963.24%	4.38%	96.14%
Announcement Date	16/07/21	14/03/22	13/03/23	04/03/24	03/03/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: January	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	66.8	77.8	87.41	101	113	122.9	126.9	139.6	149.7	163.8	169.2	182.6	196	211.4	213.2	227	242.2	258.7	261.4	276.7	293.5	311.7
Change	-	16.46%	12.35%	15.6%	11.82%	8.79%	3.23%	10.01%	7.23%	9.43%	3.3%	7.92%	7.37%	7.85%	0.84%	6.49%	6.66%	6.82%	1.04%	5.88%	6.06%	6.2%
EBITDA ¹	-23.8	-16.61	-24.26	-26.23	-21.53	-12.73	-13.32	-2.636	6.334	14.8	-2.877	18.92	26.59	37.88	24.18	26.96	33.79	42.92	37.51	39.16	49.39	60.41
Change	-	30.22%	-46.11%	-8.12%	17.92%	40.89%	-4.7%	80.22%	340.29%	133.6%	-119.44%	757.49%	40.56%	42.46%	-36.18%	11.53%	25.32%	27.01%	-12.59%	4.38%	26.14%	22.31%
EBIT ¹	-23.88	-27.38	-24.82	-26.96	-21.6	-13.76	-15	-4.296	4.69	13.24	-3.814	18.17	25.91	37.38	22.62	24.2	31.32	39.33	30.5	35.75	43.36	51.48
Change	-	-14.64%	9.33%	-8.62%	19.88%	36.3%	-8.98%	71.35%	209.17%	182.22%	-128.82%	576.46%	42.58%	44.27%	-39.49%	7%	29.42%	25.56%	-22.44%	17.19%	21.28%	18.73%
Charge d'intérêts	-	-	0.316	3.734	4.463	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-42.62	-49.64	-24.1	-60.74	-49.64	-41.05	-50.66	-46.28	-28.82	-34.39	-42.18	-27.15	-11.15	-1.137	-13.25	-16.85	-15.4	-14.75	-39.4	-30.8	-36.5	-37.2
Change	-	-16.47%	51.45%	-152%	18.27%	17.31%	-23.43%	8.66%	37.71%	-19.3%	-22.65%	35.64%	58.91%	89.81%	-1,065.35%	-27.17%	8.61%	4.22%	-167.12%	21.83%	-18.51%	-1.92%
Net income ¹	-41.23	-45.78	-26.1	-59.02	-48.46	-38.73	-52.47	-50.08	-285.2	-36.47	-54.64	12.95	29.56	10.78	-19.27	-23.28	-20	-13.8	-25.58	-24.68	-28.87	-16.92
Change	-	-11.06%	43%	-126.15%	17.91%	20.06%	-35.46%	4.55%	-469.4%	87.21%	-49.85%	123.7%	128.32%	-63.52%	-278.72%	-20.78%	14.08%	30.98%	-85.26%	3.52%	-16.99%	41.37%
Announcement Date	06/12/21	14/03/22	06/06/22	06/09/22	05/12/22	13/03/23	05/06/23	05/09/23	04/12/23	04/03/24	03/06/24	03/09/24	05/12/24	03/03/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: GitLab Inc.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-	-885	-295	-288	-992	-684	-953	-1,162
Change	-	-	66.67%	2.37%	-244.44%	31.07%	-39.33%	-21.93%
Announcement Date	16/07/21	14/03/22	13/03/23	04/03/24	03/03/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: GitLab Inc.

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	3.541	6.07	1.598	3.765	5.866	7.579	16.02
Change	-	71.42%	-73.67%	135.61%	55.8%	29.22%	111.36%
Free Cash Flow (FCF) ¹	-53.36	-83.48	33.44	120	163.4	220.4	334.7
Change	-	-56.46%	140.06%	258.83%	36.19%	34.85%	51.89%
Announcement Date	14/03/22	13/03/23	04/03/24	03/03/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: GitLab Inc.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-25.22%	-19.77%	0.89%	10.6%	13.21%	14.82%	17.86%
EBIT Margin (%)	-	-38.9%	-20.54%	-0.24%	10.23%	12.45%	14.56%	18.47%
EBT Margin (%)	-	-62.96%	-41.32%	-27.62%	-10.79%	-8.35%	-7.01%	0.41%
Net margin (%)	-	-61.4%	-40.61%	-73.15%	-0.32%	-7.92%	-6.19%	-0.19%
FCF margin (%)	-	-21.12%	-19.67%	5.77%	15.8%	17.36%	19.13%	23.09%
FCF / Net Income (%)	-	34.39%	48.45%	-7.88%	-4,930.12%	-219.19%	-309.12%	-12,172.34%
Profitability
ROA	-	-	-5.99%	2.62%	9.18%	8.22%	8.92%	10.4%
ROE	-	-35.07%	-8.76%	4.86%	18.64%	14.69%	16.32%	18.09%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.4%	1.43%	0.28%	0.5%	0.62%	0.66%	1.1%
CAPEX / EBITDA (%)	-	-5.56%	-7.23%	30.92%	4.68%	4.72%	4.44%	6.19%
CAPEX / FCF (%)	-	-6.64%	-7.27%	4.78%	3.14%	3.59%	3.44%	4.79%
Items per share
Cash flow per share ¹	-	-0.6246	-0.5216	0.2271	-0.3797	0.8594	1.092	1.317
Change	-	-	16.49%	143.54%	-267.18%	326.34%	27.02%	20.69%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	5.275	5.457	3.922	4.757	5.645	6.676	7.906
Change	-	-	3.44%	-28.12%	21.3%	18.67%	18.25%	18.43%
EPS ¹	-3.82	-1.95	-1.16	-2.75	-0.02	-0.4628	-0.4572	-0.2
Change	-	48.95%	40.51%	-137.07%	99.27%	-2,213.8%	1.19%	56.26%
Nbr of stocks (in thousands)	-	144,791	149,654	155,700	162,300	164,000	164,000	164,000
Announcement Date	16/07/21	14/03/22	13/03/23	04/03/24	03/03/25	-	-	-