EX-99.1 2 gitlab-ex99120251031fy26am.htm EX-99.1 Document
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Exhibit 99.1
GitLab Reports Third Quarter Fiscal Year 2026 Financial Results


Third Quarter Fiscal Year 2026 Highlights:
•Total revenue of $244.4 million, up 25% year-over-year
•GAAP operating margin of (5)%; non-GAAP operating margin of 18%
•Operating cash flow of $31.4 million and non-GAAP adjusted free cash flow of $27.2 million

San Francisco (December 2, 2025) -All-Remote-GitLab Inc. (NASDAQ: GTLB), the most comprehensive, intelligent DevSecOps platform, today reported financial results for its third quarter fiscal year of 2026, ended October 31, 2025.

“More code means more of a need for GitLab,” said Bill Staples, GitLab chief executive officer. “Engagement is growing across our platform as we are a critical part of how our customers deliver high quality, secure software. We’ve architected GitLab and Duo Agent Platform to provide intelligent orchestration across the software lifecycle, facilitate trust and accuracy in an AI world, and help accelerate the end to end software delivery process required to win.”

“I am pleased with GitLab’s strong third quarter results for fiscal year 2026, which resulted in 25% year-over-year revenue growth,” said James Shen, GitLab interim chief financial officer. “By investing strategically while delivering free cash flow, we are building GitLab for sustainable growth at scale. We're positioning GitLab for long-term success to take advantage of a rapidly transforming market from a place of strength.”

Third Quarter Fiscal Year 2026 Financial Highlights (in millions, except per share data and percentages):

Q3 FY 2026
Q3 FY 2025
Y/Y Change
Revenue$244.4 $196.0 25 %
GAAP Gross margin87 %89 %
Non-GAAP Gross margin89 %91 %
GAAP Operating margin(5)%(15)%
Non-GAAP Operating margin18 %13 %
GAAP Operating loss$(12.4)$(28.7)$16.3 
Non-GAAP Operating income$43.7 $25.9 $17.8 
GAAP Net income (loss) attributable to GitLab$(8.3)$29.1 $(37.4)
Non-GAAP Net income attributable to GitLab$43.5 $39.1 $4.4 
GAAP Net income (loss) per share attributable to GitLab, basic$(0.05)$0.18 $(0.23)
GAAP Net income (loss) per share attributable to GitLab, diluted$(0.05)$0.17 $(0.22)
Non-GAAP Net income per share attributable to GitLab, basic$0.26 $0.24 $0.02 
Non-GAAP Net income per share attributable to GitLab, diluted$0.25 $0.23 $0.02 
GAAP net cash provided by (used in) operating activities$31.4 $(177.0)$208.4 
Non-GAAP adjusted free cash flow$27.2 $9.7 $17.5 

A reconciliation between GAAP and non-GAAP financial measures is contained in this release under the section titled “Non-GAAP Financial Measures.”


Additional Third Quarter Fiscal Year 2026 Financial Highlights:

•Customers with more than $5,000 of ARR reached 10,475, an increase of 10% year-over-year.
•Customers with more than $100,000 of ARR reached 1,405, an increase of 23% year-over-year.
•Dollar-Based Net Retention Rate was 119%.
•Total RPO grew 27% year-over-year to $1.0 billion, while cRPO grew 28% to $659.1 million.

GitLab Names Chief Financial Officer

GitLab announced that Jessica Ross will join the company as Chief Financial Officer (CFO), effective January 15, 2026. Ross joins from Frontdoor, where she served as CFO. She 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.

Business Highlights:

•Named Jessica Ross as Chief Financial Officer, effective January 15, 2026.
•Recognized as a Leader in the Gartner® Magic Quadrant™ for DevOps Platforms for the third consecutive year.
•Named a Leader in the 2025 Gartner® Magic Quadrant™ for AI Code Assistants for the second consecutive year.
•Expanded GitLab Duo Agent Platform with purpose-built AI agents, launched the AI Catalog for custom agent creation, and delivered integrations with external agents such as Claude Code, OpenAI Codex and Google Gemini.
•Enhanced application security capabilities with Static Reachability Analysis to identify exploitable vulnerabilities, Secret Validity Checks for active credential detection, and diff-based SAST scanning for faster pipelines.
•Delivered a modernized platform experience and workflow automation with a new panel-based UI for contextual work across GitLab, expanded Flows, and embedded views powered by GitLab Query Language.

Fourth Quarter and Fiscal Year 2026 Financial Outlook

For the fourth quarter and fiscal year 2026, GitLab Inc. expects (in millions, except share and per share data):
Q4 FY 2026 GuidanceFY 2026 Guidance
Revenue$251.0 - $252.0$946 - $947
Non-GAAP operating income$38.0 - $39.0$147 - $148
Non-GAAP diluted net income per share assuming approximately 172 million and 171 million weighted average shares outstanding during Q4 FY 2026 and FY 2026, respectively.$0.22 - $0.23$0.88 - $0.89

These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below in Non-GAAP Financial Measures. We have not provided the most directly comparable GAAP financial guidance measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP guidance for operating income (loss) and net income (loss) per share to the corresponding GAAP measures is not available.


Conference Call Information

GitLab will host a conference call today, December 2, 2025, at 1:30 p.m. (PT) / 4:30 p.m. (ET) to discuss its third quarter fiscal year 2026 financial results and its guidance for the fourth quarter and full fiscal year 2026. Interested parties may register for the call in advance by visiting https://bit.ly/4p4MoT0. A live webcast of this conference call will be available on GitLab’s investor relations website (ir.gitlab.com), and a replay will also be archived on the website for one year.

About GitLab

GitLab is the most comprehensive, intelligent DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 50 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster.

Non-GAAP Financial Measures

GitLab believes non-GAAP measures are useful in evaluating its operating performance. GitLab uses this supplemental information to evaluate its ongoing operations and for internal planning and forecasting purposes. GitLab believes that non-GAAP financial information, when taken collectively with its GAAP financial information, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. We define non-GAAP financial measures as GAAP measures, excluding certain items such as stock-based compensation expense, amortization of acquired intangible assets, foreign exchange (gain) loss, equity method investment loss and impairment, acquisition related expenses, charitable donation of common stock, restructuring charges, a non-recurring income tax adjustment related to bilateral advance pricing agreement (“BAPA”) negotiations, non-recurring charges associated with the formation of our GitLab Information Technology (Hubei) Co., LTD Joint Venture in China (“JiHu”), and other expenses that the Company believes are not indicative of its ongoing operations. In addition to these exclusions, effective Q1 FY26 we utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision which reflects the new location of GitLab’s intellectual property in the U.S. following the conclusion of our bilateral advance pricing agreements. For FY26, we have determined the projected non-GAAP tax rate to be 22%. Shares used for net income per share on a non-GAAP basis include incremental dilutive shares related to restricted stock units, options, and shares issuable under GitLab Inc.’s 2021 Employee Stock Purchase Plan that are anti-dilutive on a GAAP basis. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business.

Adjusted Free Cash Flow

Adjusted free cash flow is a non-GAAP financial measure that we calculate as net cash provided by operating activities less cash used for purchases of property and equipment, plus any non-recurring income tax payments related to the BAPA or minus any non-recurring income tax refunds related to the BAPA, plus any non-recurring payments related to the formation of JiHu. We believe that adjusted free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash generated from our operations that, after the investments in property and equipment, any non-recurring income tax payments or refunds related to the BAPA, and any non-recurring payments related to the formation of JiHu, can be used for strategic initiatives, including investing in our business, and strengthening our financial position. One limitation of adjusted free cash flow is that it does not reflect

our future contractual commitments. Additionally, adjusted free cash flow does not represent the total increase or decrease in our cash balance for a given period.

Forward-Looking Statements

This press release and the accompanying earnings call contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although we believe that the expectations reflected in the forward-looking statements contained in this release and the accompanying earnings call are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to the following:

• our ability to effectively manage our growth;
• our revenue growth rate in the future;
• our ability to achieve and sustain profitability, our business, financial condition, and operating results;
• security and privacy breaches;
• intense competition in our markets and loss of market share to our competitors;
• our ability to respond to rapid technological changes;
• the market for our services may not grow;
• a decline in our customer renewals and expansions;
• fluctuations in our operating results;
• our incorporation of artificial intelligence features into our products;
• our transparency;
• our publicly available company Handbook;
• customers staying on our free self-managed or SaaS product offering;
• our ability to accurately predict the long-term rate of customer subscription renewals or adoption, or the impact of these renewals and adoption;
• our hiring model;
• the effects of ongoing armed conflict in different regions of the world on our business; and
• general economic conditions (including changes in interest rates, inflation, tariffs, regulatory uncertainty (including with respect to the federal budget and potential government shutdowns), volatile capital markets, and actual or perceived instability in the global banking sector) and slow or negative growth of our markets.

Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in the filings and reports we make with the Securities and Exchange Commission. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

Operating Metrics

Annual Recurring Revenue (“ARR”): We define annual recurring revenue as the annual run-rate revenue of subscription agreements, including our self-managed and SaaS offerings but excluding professional services, from all customers as measured on the last day of a given month. We calculate ARR by taking the monthly recurring revenue (“MRR”) and multiplying it by 12. MRR for each month is calculated by aggregating, for all customers during that month, monthly revenue from committed contractual amounts of subscriptions, including our self-managed license, self-managed subscription, and SaaS subscription offerings but excluding professional services.


Dollar-Based Net Retention Rate: We calculate Dollar-Based Net Retention Rate as of a period end by starting with our customers as of the 12 months prior to such period end (“Prior Period ARR”). We then calculate the ARR from these customers as of the current period end (“Current Period ARR”). The calculation of Current Period ARR includes any upsells, price adjustments, user growth within a customer, contraction, and attrition. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Dollar-Based Net Retention Rate.



GitLab Inc.
Condensed Consolidated Balance Sheets
(in thousands, except per share data)
(unaudited)

October 31, 2025(1)
January 31, 2025(1)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents$224,231 $227,649 
Short-term investments980,077 764,728 
Accounts receivable, net of allowance for doubtful accounts of $1,080 and $991 as of October 31, 2025 and January 31, 2025, respectively221,140 264,565 
Deferred contract acquisition costs, current36,522 38,964 
Prepaid expenses and other current assets44,979 40,411 
Total current assets1,506,949 1,336,317 
Property and equipment, net10,193 4,013 
Goodwill16,919 16,139 
Intangible assets, net11,789 17,834 
Deferred contract acquisition costs, non-current20,288 20,142 
Other non-current assets4,701 4,818 
TOTAL ASSETS$1,570,839 $1,399,263 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable$9,187 $7,519 
Accrued expenses and other current liabilities58,406 54,680 
Accrued compensation and benefits33,402 40,233 
Deferred revenue, current464,813 442,599 
Total current liabilities565,808 545,031 
Deferred revenue, non-current28,977 26,369 
Other non-current liabilities8,057 6,557 
TOTAL LIABILITIES602,842 577,957 
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.0000025 par value; 50,000 shares authorized; no shares issued and outstanding as of October 31, 2025 and January 31, 2025— — 
Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized; 149,723 and 144,444 shares issued and outstanding as of October 31, 2025 and January 31, 2025, respectively— — 
Class B Common stock, $0.0000025 par value; 250,000 shares authorized; 18,581 and 19,469 shares issued and outstanding as of October 31, 2025 and January 31, 2025, respectively— — 
Additional paid-in capital2,141,732 1,952,031 
Accumulated deficit(1,220,973)(1,167,614)
Accumulated other comprehensive income (loss)1,956 (8,508)
Total GitLab stockholders’ equity922,715 775,909 
Noncontrolling interests45,282 45,397 
TOTAL STOCKHOLDERS’ EQUITY967,997 821,306 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$1,570,839 $1,399,263 
__________
(1) As of October 31, 2025 and January 31, 2025, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $41.6 million and $46.5 million, respectively, and liabilities of $7.2 million and $10.3 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of GitLab Inc.

GitLab Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)

Three Months Ended October 31,Nine Months Ended October 31,
2025202420252024
Revenue:
Subscription—self-managed and SaaS$223,262 $175,257 $630,427 $489,617 
License—self-managed and other21,091 20,790 64,395 58,201 
Total revenue244,353 196,047 694,822 547,818 
Cost of revenue:
Subscription—self-managed and SaaS25,184 17,170 66,205 47,639 
License—self-managed and other7,037 4,955 19,556 14,632 
Total cost of revenue32,221 22,125 85,761 62,271 
Gross profit212,132 173,922 609,061 485,547 
Operating expenses:
Sales and marketing104,974 95,340 322,144 285,542 
Research and development68,715 61,354 205,613 176,767 
General and administrative50,799 45,960 146,621 146,615 
Total operating expenses224,488 202,654 674,378 608,924 
Loss from operations(12,356)(28,732)(65,317)(123,377)
Interest income11,704 12,586 34,077 37,443 
Other income (expense), net(6,334)4,799 (17,216)5,170 
Loss before income taxes(6,986)(11,347)(48,456)(80,764)
Provision for (benefit from) income taxes1,811 (39,152)6,595 (65,330)
Net income (loss)$(8,797)$27,805 $(55,051)$(15,434)
Net loss attributable to noncontrolling interest(521)(1,298)(1,692)(2,216)
Net income (loss) attributable to GitLab$(8,276)$29,103 $(53,359)$(13,218)
Net Income (loss) per share attributable to GitLab Class A and Class B common stockholders:
Basic$(0.05)$0.18 $(0.32)$(0.08)
Diluted$(0.05)$0.17 $(0.32)$(0.08)
Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders:
Basic167,407 161,317 165,965 159,756 
Diluted167,407 167,436 165,965 159,756 

GitLab Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)

Three Months Ended October 31,Nine Months Ended October 31,
2025202420252024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss), including amounts attributable to noncontrolling interest$(8,797)$27,805 $(55,051)$(15,434)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense, net of amounts capitalized51,682 48,042 161,793 139,263 
Change in fair value of acquisition related contingent consideration— — — 3,750 
Charitable donation of common stock1,970 2,957 5,496 8,871 
Amortization of intangible assets2,015 2,511 6,050 5,931 
Depreciation expense869 680 2,184 2,361 
Amortization of deferred contract acquisition costs13,478 12,704 40,747 35,650 
Net amortization of premiums or discounts on short-term investments(1,741)(3,792)(7,346)(12,933)
Unrealized foreign exchange loss (gain), net2,416 (5,175)13,386 (5,443)
Other non-cash expense, net231 467 631 768 
Changes in assets and liabilities:
Accounts receivable(23,472)(32,883)46,315 (31,658)
Prepaid expenses and other current assets(7,036)(10,847)(4,290)2,497 
Deferred contract acquisition costs(15,898)(14,751)(36,328)(35,706)
Other non-current assets233 1,348 414 851 
Accounts payable(2,302)(1,317)812 33 
Accrued expenses and other current liabilities6,140 (219,544)1,862 (240,614)
Accrued compensation and benefits3,168 (1,913)(7,895)(8,815)
Deferred revenue8,011 19,665 17,500 34,503 
Other non-current liabilities461 (2,985)819 (11,068)
Net cash provided by (used in) operating activities31,428 (177,028)187,099 (127,193)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of short-term investments(314,385)(240,136)(798,283)(503,394)
Proceeds from maturities of short-term investments241,641 148,763 589,527 524,862 
Proceeds from sales of short-term investments— — 1,367 — 
Additions to property and equipment(3,038)(1,057)(6,854)(2,608)
Payments for business combination, net of cash acquired— — — (20,210)
Payments for asset acquisition— (346)— (7,660)
Other investing activities— — — 457 
Net cash used in investing activities(75,782)(92,776)(214,243)(8,553)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases8,182 7,822 15,457 17,895 
Issuance of common stock under employee stock purchase plan— — 8,404 7,932 
Payments for taxes related to net share settlement of equity awards(529)— (529)— 
Settlement of acquisition related contingent cash consideration— (4,900)— (4,900)
Net cash provided by financing activities7,653 2,922 23,332 20,927 
Impact of foreign exchange on cash and cash equivalents(439)4,898 394 3,455 
Net decrease in cash and cash equivalents(37,140)(261,984)(3,418)(111,364)
Cash and cash equivalents at beginning of period261,371 438,616 227,649 287,996 
Cash and cash equivalents at end of period$224,231 $176,632 $224,231 $176,632 

GitLab Inc.
Reconciliation of GAAP to Non-GAAP
(in thousands, except per share data)
(unaudited)

Three Months Ended October 31,Nine Months Ended October 31,
2025202420252024
 Gross profit on GAAP basis $212,132 $173,922 $609,061 $485,547 
 Gross margin on GAAP basis87 %89 %88 %89 %
Stock-based compensation expense2,300 1,993 6,490 5,924 
Amortization of acquired intangibles2,015 2,511 6,050 5,931 
 Gross profit on non-GAAP basis $216,447 $178,426 $621,601 $497,402 
 Gross margin on non-GAAP basis89 %91 %89 %91 %
 Sales and marketing on GAAP basis $104,974 $95,340 $322,144 $285,542 
Stock-based compensation expense(17,354)(17,012)(59,395)(54,290)
Restructuring charges— (130)— (1,126)
 Sales and marketing on non-GAAP basis $87,620 $78,198 $262,749 $230,126 
 Research and development on GAAP basis $68,715 $61,354 $205,613 $176,767 
Stock-based compensation expense(15,560)(14,384)(49,029)(42,834)
Restructuring charges— — — (393)
 Research and development on non-GAAP basis $53,155 $46,970 $156,584 $133,540 
 General and administrative on GAAP basis $50,799 $45,960 $146,621 $146,615 
Stock-based compensation expense(16,468)(14,653)(46,879)(36,215)
Restructuring charges— 11 — (377)
Charitable donation of common stock(1,970)(2,957)(5,496)(8,871)
Changes in the fair value of acquisition related contingent consideration— — — (3,750)
Acquisition related expenses(321)(140)(661)(2,849)
Other non-recurring charges(48)(872)(691)(1,084)
 General and administrative on non-GAAP basis $31,992 $27,349 $92,894 $93,469 
Loss from operations on GAAP basis $(12,356)$(28,732)$(65,317)$(123,377)
Stock-based compensation expense51,682 48,042 161,793 139,263 
Amortization of acquired intangibles2,015 2,511 6,050 5,931 
Restructuring charges— 119 — 1,896 
Charitable donation of common stock1,970 2,957 5,496 8,871 
Changes in the fair value of acquisition related contingent consideration— — — 3,750 
Acquisition related expenses321 140 661 2,849 
Other non-recurring charges48 872 691 1,084 
Income from operations on non-GAAP basis $43,680 $25,909 $109,374 $40,267 
Other income (expense), net on GAAP basis
$(6,334)$4,799 $(17,216)$5,170 
Foreign exchange gains (losses), net
2,362 (5,074)13,433 (5,556)
          Other non-recurring charges (1)
3,714 171 4,056 517 
Other income (expense), net on non-GAAP basis$(258)$(104)$273 $131 
Net income (loss) attributable to GitLab common stockholders on GAAP basis$(8,276)$29,103 $(53,359)$(13,218)
Stock-based compensation expense51,682 48,042 161,793 139,263 
Amortization of acquired intangibles2,015 2,511 6,050 5,931 
Restructuring charges— 119 — 1,896 
Charitable donation of common stock1,970 2,957 5,496 8,871 
Changes in the fair value of acquisition related contingent consideration— — — 3,750 
Acquisition related expenses321 140 661 2,849 
Foreign exchange gains (losses), net
2,362 (5,074)13,433 (5,556)

Income tax adjustment (2)
(10,318)(39,696)(25,026)(77,246)
Other non-recurring charges (1)
3,762 1,043 4,747 1,601 
Net income attributable to GitLab common stockholders on non-GAAP basis$43,518 $39,145 $113,795 $68,141 
GAAP net income (loss) per share, basic$(0.05)$0.18 $(0.32)$(0.08)
GAAP net income (loss) per share, diluted$(0.05)$0.17 $(0.32)$(0.08)
Non-GAAP net income per share, basic$0.26 $0.24 $0.69 $0.43 
Non-GAAP net income per share, diluted$0.25 $0.23 $0.67 $0.41 
Shares used in per share calculation - basic on GAAP basis167,407 161,317 165,965 159,756 
Effect of dilutive securities4,324 6,119 5,141 7,637 
Shares used in per share calculation - diluted on non-GAAP basis171,731 167,436 171,106 167,393 

(1) Other non-recurring charges for the three and nine months ended October 31, 2025 includes a $3.5 million indirect tax credit expense related to the JiHu formation, reflecting a change in accounting estimate.
(2) Income tax adjustment for the three and nine months ended October 31, 2025 primarily reflects an assumed provision for income taxes based on our long-term projected tax rate of 22%, while for the three and nine months ended October 31, 2024 consists primarily of one-time charges associated with the formation of Jihu and BAPA negotiations.





GitLab Inc.
Reconciliation of GAAP Cash Flow from Operating Activities to Adjusted Free Cash Flow
(in thousands)
(unaudited)

Three Months Ended October 31,Nine Months Ended October 31,
2025202420252024
Computation of adjusted free cash flow (1)
GAAP net cash provided by (used in) operating activities$31,428 $(177,028)$187,099 $(127,193)
Less: Additions to property and equipment(3,038)(1,057)(6,854)(2,608)
Add: Income tax payments (refunds) related to BAPA(1,146)187,735 (2,451)187,735 
Non-GAAP adjusted free cash flow$27,244 $9,650 $177,794 $57,934 
(1) No non-recurring payments related to the formation of JiHu were recorded during the periods presented.

Media Contact:
Lisa Boughner
VP, Global Communications
GitLab Inc.
press@gitlab.com

Investor Contact:
Yaoxian Chew
VP, Investor Relations
GitLab Inc.
ir@gitlab.com