GitLab (GTLB) Investor update summary

Key business highlights

• Surpassed $1 billion in annual revenue, serving over 50 million users and hundreds of thousands of organizations globally.

• Added 30% more new paying customers year-over-year last quarter.

• Platform usage surged: 40% growth in CI/CD pipelines, 50% increase in code pushes, and 60% more secure repos.

• AI-driven engineering is accelerating productivity, with some teams building software at 20x last year's rate.

Product and platform innovation

• Launched next-generation source code management (Project Switch), delivering up to 42x faster clone operations and 17x faster writes, with significant cost and resource savings.

• Introduced GitLab Orbit, a context graph for the entire software lifecycle, enabling agents to access comprehensive context instantly and reducing hallucinations by up to 45x.

• Expanded agentic infrastructure with improved orchestration, security, and compliance features, including new governance capabilities for AI agents.

• GitLab Duo Agent Platform now offers specialist agents, agentic workflows, and triggers, automating complex tasks and boosting productivity.

Commercial and customer updates

• Announced GitLab Flex, a new buying program allowing customers to flexibly allocate spend across products and AI credits as needs evolve, with volume discounts and usage caps.

• Forrester study found 40% faster remediation, 80% faster developer onboarding, and 400% ROI for Duo Agent Platform customers.

• Mercedes-Benz shared success consolidating 20,000+ engineers on GitLab, improving flexibility, governance, and productivity.