GitLab Stock Drops After Firm Swings to Q3 Loss Despite Revenue Jump
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GitLab (GTLB)’s fiscal 2026 third-quarter results topped analysts’ estimates and it lifted its full-year outlook. Investors are punishing the stock anyway.
Shares of the San Francisco-based software-development firm sank 9% in premarket trading Wednesday, a day after the company swung to a quarterly loss despite a big revenue jump.
GitLab swung to a GAAP Q3 loss of $0.05 per share from a profit of $0.17 a year ago, even though revenue surged 25% to $244.4 million. Analysts surveyed by Visible Alpha had expected a bigger loss and less revenue, and adjusted earnings of $0.25 per share also topped estimates.
GitLab reported better-than-expected profit and sales, and boosted its full-year earnings outlook.
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For the full year, GitLab now sees adjusted EPS of $0.88 to $0.89, up from the prior range of $0.82 to $0.83,and revenue of $946 million to $947 million, up from $936 million to $942 million.
GitLab also named Frontdoor CFO Jessica Ross its new finance chief, effective Jan. 15, 2026. Ross “has more than 25 years of experience in finance, accounting, and operational leadership at companies like Salesforce and Stitch Fix, and spent 12 years in public accounting at Arthur Andersen and Deloitte,” it said.
Shares of GitLab entered Wednesday having lost nearly a quarter of their value this year.
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