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Jun 2, 2026 4:50 PM

GitLab Stock Rallies After Q1 Earnings — Here's Why

GitLab Inc. (NASDAQ:GTLB) posted its first-quarter results after Tuesday’s closing bell, beating analyst estimates. Here's a look at the details inside the report. 

GTLB stock is moving. Watch the price action here.

GitLab Q1 Details       

GitLab reported quarterly earnings of 23 cents per share, which beat the analyst estimate of 21 cents, according to Benzinga Pro data.

Quarterly revenue clocked in at $264.16 million, which beat the Street estimate of $254.56 million.

The company also said the board has approved a restructuring plan including a 14% reduction to its full-time workforce (350 team ...