
Shares of GitLab Inc. (NASDAQ: GTLB) are down nearly 13.5% the day after the company delivered its fiscal year 2026 third-quarter earnings report.
The results were solid. In fact, revenue growth of 25% kept the company’s perfect streak of reporting quarterly revenue growth of at least 25% in every quarter since its initial public offering (IPO) in 2021. The report also featured an 89% non-GAAP gross margin, 18% non-GAAP operating margin, and a 119% net retention rate, highlighting sustained strength in GitLab's core metrics.