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, including over half of the Fortune 100.

• Added 30% more new paying customers year-over-year last quarter, with 100% growth in community contributions and 250% growth in user namespaces as of May 2026.

• Serving customers across diverse industries such as technology, finance, public sector, manufacturing, and transportation.

Platform usage and innovation

• Platform usage surged: 40% growth in CI/CD pipelines, 50% increase in code pushes, 60% more secure repos, and 500% growth in codebase size.

• Duo Agent Platform saw 1000% growth in weekly active users compared to the previous generation.

• Launched next-generation source code management (Project Switch), delivering up to 42x faster clone operations, 17x faster writes, up to 2x fewer tokens, 50x faster wall clock time, and 1,000x less network traffic.

• Introduced GitLab Orbit, a context graph for the software lifecycle, enabling agents to access comprehensive context instantly, with up to 11x faster response, 4.5x fewer tokens, and 45x fewer hallucinations.

Agentic engineering and AI-driven development

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

• Shift in software development from manual coding to orchestrating agents, with models now working autonomously for up to 12 hours.

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