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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 183M | 7.9% |
| Gross Profit | 161M | 7.2% |
| Cost of Revenue | 21M | 13.8% |
| Operating expense | 202M | 0.9% |
| Net Income | 13M | 123.7% |
| EBITDA | -39M | 26.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.38B | 4.1% |
| Total Liabilities | 688M | 2.7% |
| Total Equity | 643M | 13.2% |
| Shares Outstanding | 160M | 1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 12M | 69.3% |
| Cash from investing | -5.2M | 105.8% |
| Cash from financing | 13M | 153.5% |
EPS
Financial Highlights for GitLab in Q3 '24
GitLab reported a revenue of 183M, which is a 7.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 161M, marking a 7.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 21M, a 13.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 202M, showing a -0.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 13M, showing a 123.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -39M, showing a 26.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for GitLab with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
