The document provides an investor presentation for GitLab's first quarter of fiscal year 2023, including key business and financial metrics such as over $100k customers, $350M run-rate revenue with 75% year-over-year growth, and a dollar-based net retention rate of over 130%. It also outlines GitLab's vision as a single application for the entire DevOps lifecycle from planning to monitoring, and its strategy to consolidate the market through a unified DevOps platform.
Comme à chaque Release, nous organiserons une session de présentation des nouvelles features.
Pour cette nouvelle release, nous vous proposons un événement spécial de la rentrée durant lequel l'ensemble des groupes France se connecteront pour vous.
A l'occasion de la sortie de la Winter'22, les Community Groups de France se réuniront pour vous présenter les features à ne pas manquer.
Ce sera l'occasion de faire connaissance avec les différents groupes, et d'avoir un max d'informations sur les évolutions.
La session sera d'ailleurs un peu plus longue (1h30) parce que de nombreux sujets seront couverts.
Merci à tous les Group Leaders pour leur participation :
Bordeaux User Group (Martin Lezer) : https://trailblazercommunitygroups.com/salesforce-user-group-bordeaux-france/
French Riviera User Group (Hugo Rosario) : https://trailblazercommunitygroups.com/salesforce-user-group-french-riviera-france/
Lyon Admin Group (Bertrand Rousset, Frédérique Mounier) : https://trailblazercommunitygroups.com/salesforce-admin-group-lyon-france/
Nantes Admin Group (Julie Boncour, Yohann Chevreux) : https://trailblazercommunitygroups.com/salesforce-admin-group-nantes-france/
Paris Admin Group : (Jean-Michel Mougeolle,Yohann Lecornet) https://trailblazercommunitygroups.com/salesforce-admin-group-paris-france/
Paris Developer Group (Fabien Taillon, Mohamed El Moussaoui) : https://trailblazercommunitygroups.com/salesforce-developer-group-paris-france/
Paris Women in Tech (Doria Hamelryk, Yosra Saidani, Marine Fabro) : https://trailblazercommunitygroups.com/salesforce-women-in-tech-group-paris-france/
Toulouse User Group (Thierry Trouin) : https://trailblazercommunitygroups.com/salesforce-user-group-toulouse-france/
Comme à chaque Release, nous organiserons une session de présentation des nouvelles features.
Pour cette nouvelle release, nous vous proposons un événement spécial de la rentrée durant lequel l'ensemble des groupes France se connecteront pour vous.
A l'occasion de la sortie de la Winter'22, les Community Groups de France se réuniront pour vous présenter les features à ne pas manquer.
Ce sera l'occasion de faire connaissance avec les différents groupes, et d'avoir un max d'informations sur les évolutions.
La session sera d'ailleurs un peu plus longue (1h30) parce que de nombreux sujets seront couverts.
Merci à tous les Group Leaders pour leur participation :
Bordeaux User Group (Martin Lezer) : https://trailblazercommunitygroups.com/salesforce-user-group-bordeaux-france/
French Riviera User Group (Hugo Rosario) : https://trailblazercommunitygroups.com/salesforce-user-group-french-riviera-france/
Lyon Admin Group (Bertrand Rousset, Frédérique Mounier) : https://trailblazercommunitygroups.com/salesforce-admin-group-lyon-france/
Nantes Admin Group (Julie Boncour, Yohann Chevreux) : https://trailblazercommunitygroups.com/salesforce-admin-group-nantes-france/
Paris Admin Group : (Jean-Michel Mougeolle,Yohann Lecornet) https://trailblazercommunitygroups.com/salesforce-admin-group-paris-france/
Paris Developer Group (Fabien Taillon, Mohamed El Moussaoui) : https://trailblazercommunitygroups.com/salesforce-developer-group-paris-france/
Paris Women in Tech (Doria Hamelryk, Yosra Saidani, Marine Fabro) : https://trailblazercommunitygroups.com/salesforce-women-in-tech-group-paris-france/
Toulouse User Group (Thierry Trouin) : https://trailblazercommunitygroups.com/salesforce-user-group-toulouse-france/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
2. This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial position,
anticipated future expenses and investments, expectations relating to certain of our key financial and operating metrics, our business strategy and plans, market growth, our market
position and potential market opportunities, and our objectives for future operations. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,”
“could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management’s
expectations, assumptions, and projections based on information available at the time the statements were made. Our future financial condition and results of operations, as well as any
forward-looking statements, are subject to change due to inherent risks and uncertainties, many of which are beyond our control. Important factors that could cause our actual results,
performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by our forward-looking statements include the following: our
ability to appropriately manage future growth; our revenue growth rate in the future; our ability to achieve and sustain profitability, our business, financial condition, and operating results;
our intense competition and loss of market share to our competitors; the market for our services may not grow; a decline in our customer renewals and expansions; our transparency;
our publicly available company Handbook; security and privacy breaches; customers staying on our open-source or free SaaS product offering; fluctuations in our operating results; our
limited operating history; our ability to manage our growth effectively; our ability to respond to rapid technological changes; our ability to accurately predict the long-term rate of
customer subscription renewals or adoption, or the impact of these renewals and adoption; and our hiring model. 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 hereof or to reflect the occurrence of unanticipated events, except as required by law.
This presentation also contains estimates and other statistical data made by independent parties and by GitLab relating to market size and growth and other industry data. Such data
involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. GitLab has not independently verified the statistical and other
industry data generated by independent parties and contained in this presentation and, accordingly, it cannot guarantee their accuracy or completeness. In addition, projections,
assumptions and estimates of its future performance and the future performance of the markets in which GitLab competes are necessarily subject to a high degree of uncertainty and risk
due to a variety of factors. These and other factors could cause results or outcomes to differ materially from those expressed in the estimates made by the independent parties and by
GitLab.
This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles in the United States ("GAAP"), which are used by
management as a supplemental measure, have certain limitations, and should not be construed as alternatives to financial measures determined in accordance with GAAP. The non-GAAP
measures as defined by us may not be comparable to similar non-GAAP measures presented by other companies. Our presentation of such measures, which may include adjustments to
exclude unusual or non-recurring items, should not be construed as an inference that our future results will be unaffected by other unusual or non-recurring items. A reconciliation is
provided in the Appendix to the most directly comparable financial measure stated in accordance with GAAP.
For further information with respect to GitLab, we refer you to our most recent Quarterly Report on Form 10-Q filed with the SEC. In addition, we are subject to the information and
reporting requirements of the Securities Exchange Act of 1934 and, accordingly file periodic reports, current reports, proxy statements and other information with the SEC. These periodic
reports, current reports, proxy statements and other information are available for review at the SEC’s website at http://www.sec.gov.
3. GitLab at a Glance
Business
Financial
1
Platform
545
>$100K Customers
$350M
Run-Rate Revenue1
75%
YoY Run-Rate
Revenue Growth2
>130%
Dollar-Based Net
Retention Rate1
90%
Non-GAAP Gross
Margin3
5,168
Base Customers1
100% Remote
Since inception
Note: Figures as of the three months ended April 30, 2022 (Q1 FY23) unless otherwise noted.
1
Definition can be found in the Appendix.
2
Represents growth in revenue from annualized Q1 FY22 to annualized Q1 FY23.
3
See Appendix for reconciliation with most directly comparable GAAP figure.
6. The Four Phases of DevOps
BYO DevOps
Bring-Your-Own
Disparate set of tools
BIC DevOps
Best-In-Class
Standardized toolchain
DIY DevOps
Do-It-Yourself
Custom integration
DevOps Platform
Single Application
7. The One
DevOps Platform
for software innovation
○ Project planning
○ Source code management
○ Continuous integration
○ Infrastructure configuration
○ Incident monitoring
○ Application security
○ And so much more...
Business Developers Security Operations
One user interface
Unified data model
Plan Create Monitor
Package Release
Manage Verify Secure Configure Protect
8. Consolidation onto DevOps Platforms
Supports Long-Term Market Growth
1
Gartner Market Guide for Value Stream Delivery Platforms, Manjunath Bhat, Thomas Murphy, Daniel Betts, Chris Saunderson, Hassan Ennaciri, Joachim Herschmann, 18 October 2021
GARTNER is a registered trade and service mark of Gartner, Inc. and/or its affiliates in the US and internationally and is used herein with permission. All rights reserved.
Graphic created by GitLab
“By 2024, 60% of organizations
will have switched from multiple
point solutions to value stream
delivery platforms to streamline
application delivery, up from 20%
in 2021”1
Increase in Platform usage correlates to a decrease in point solution usage
2021 2024
20%
60%
9. GitLab Streamlines Collaboration Across Personas
The One DevOps Platform
Compliance
Pros
R&D
Execs
Product
Managers
Designers Developers Security
Pros
Operations
Pros
Platform
Engineers
Security
Pros
Manage Plan Create Verify Secure Package Release Configure Monitor Protect
13. Source: GitLab commissioned a Total Economic Impact™ study in 2020 conducted by Forrester Consulting that found GitLab customers
can see a 407% return within just the first three years of deployment.
1
When Deployed to Revenue-Generating Applications.
GitLab Can Enable
Delivery of 407% ROI
Within Three years
of Deployment1
Level 4
Revenue acceleration due to faster cycle time
Level 1
Software tool license cost reduction
Level 3
Higher productivity due to a
better developer experience
Level 2
Eliminate tool chain integration costs
Time (with growing GitLab adoption across your organization)
ROI
Typical break-even point
15. Aligning our Go-to-Market Strategy
to our Opportunity
SMB
Large Enterprise
High velocity
inside sales
Self-serve
High value
enterprise sales
Mid-Market
• Viral product adoption
• Strong product familiarity
• Bottoms-Up adoption
• Massive base of Free Users
• Demanded by Developers
Go-to-Market Advantages
16. * Highest level plan in use at the organization will be the one rolled out to all users within the business.
Buyer Persona: Executives (all users
within organization have the same
plan*)
• All the benefits of Premium
• Advanced security testing
• Portfolio management
• Compliance and planning
• Value stream analytics
• Unlimited guest users at no additional cost
Buyer Persona: Directors (all users
within organization have the same plan*)
• All the benefits of Free
• Faster code reviews
• Operational insights
• Project management
• Code and deployment release controls
• 24/7 customer support
Buyer Persona: Individual Contributors
• All stages of the DevOps lifecycle
• Open source license (MIT)
$
0per user
per month
$
19per user
per month
$
99per user
per month
Fastest Growing Tier
Free Premium Ultimate
We Don’t Price Per Stage
17. Agnostic to How We Deploy Our Platform
• Software fully managed by GitLab
• For customers who want to consume as
a service
• Majority of installations are in the public cloud
• Software instance managed by the customer
• For customers seeking control of deployment
GitLab.com (SaaS) Fully-Managed Self-Managed
Single codebase across both deployment options
18. Customers Across a Wide Array of Verticals
Disclaimer: Gitlab does not own any right, title or interest to any marks shown. All trademarks and logos are owned by the applicable entity (ies)).
Public
Sector
Financial
Services
Media &
Telecom
Consumer /
Retail
Industrials
Software /
Core Tech
Internet
19. 8,500+ developers run 3 million+ CI/CD jobs
monthly and have 10x deployments after replacing
point-solutions with GitLab SaaS Premium
“At the end of the day, GitLab is primarily focused on
creating a better developer experience. Just like
T-Mobile is. So we're aligned on vision; we're aligned
in terms of communication from a transparency
perspective. We also talk about how we can improve
[something] on the GitLab side or on the T-Mobile
side and both parties are coming up with ideas to
make for a better experience. That's the definition of
a strategic partnership.”
Challenge
• T-Mobile was looking for a unified platform that would allow
developers to deliver value to their customers faster while
decreasing the cognitive load and context switching
concerns that resulted from their prior toolchain.
Benefits
• Consistent developer experience: Using GitLab as the
DevOps platform, they have improved developer output,
running about 3 million CI/CD jobs every month.
• Better products faster: T-Mobile has achieved 10x the
deployment frequency by switching to GitLab, while also
preserving the end-user experience by easily adjusting and
rolling back changes when needed.
• Improved Time to Value with SaaS: T-Mobile’s development
team is able to consume requested fixes at a much faster
rate: from 3-6 months using On-Premise solutions to just 3
weeks with GitLab SaaS Premium.
20. Challenge
• UBS's cloud journey is targeted at developing a
market-leading, dynamic development experience – with the
ultimate goal of producing faster, high-quality, innovative
solutions for clients while increasing efficiency.
Benefits
• Consistent developer experience: Using GitLab as the
DevOps platform, they have improved developer output,
running about 3 million CI/CD jobs every month.
• Enabled UBS to engineer solutions that offer a improved
client experience
• Accelerated their ability to roll out development, production,
failover, and test environments to achieve auto scaling
cloud-natively within the security parameters of an air
gapped environment
• Increased productivity and market competitiveness by
unifying app engineering through a single platform
12,000 users and 54,000 source code
repositories migrated from two legacy
point-solutions to GitLab Ultimate
Self-Managed
This case study is based on correspondence and interviews with the UBS Information Technology (UBS
IT) team as conducted by the Gitlab team during the adoption of the GitLab DevOps Platform, while UBS
IT is an affiliate of UBS IB, no member of the UBS IT team had a role or part in the drafting or preparation
of this case study.
21. Investing in Building out our Ecosystem
Integrate with GitLab to deliver
customized DevOps solutions
across industries and use cases
Sales and integration partners
that help customers achieve
technical and business goals in
digital transformation
Allow GitLab to deliver better
software faster. Our cloud
native integrations are a
direct line to environments
trusted by developers
Infrastructure Partners Technical Partners Service Partners
Representative Partners
22. Driven by a Distinguished Company Culture
CREDIT Value Hierarchy Prioritizes Results
Results
Iteration Transparency
Collaboration Diversity, inclusion and belonging Efficiency
20 Documented ways in which we reinforce Our Values
25. $350M
90% >130%
5,168
75%
Run-Rate Revenue1
Non-GAAP Gross
Margin3
Dollar-Based Net
Retention
Base Customers1
YoY Run-Rate
Revenue Growth2
545
> $100K Customers
1
Definition can be found in the Appendix.
2
Represents growth in revenue from annualized Q1 FY22 to annualized Q1 FY23.
3
See Appendix for reconciliation with most directly comparable GAAP figure.
Financial
Highlights
Q1 FY’2023
26. Strong Momentum at Scale
Run-Rate Revenue1
(millions)
1 Definition can be found in the Appendix.
75%
YOY Growth
27. Growing Customer Base
1 Definition can be found in the Appendix.
Customers Generating > $100k ARR
Base Customers 1
28. Continued Investment in Growth with
Significant Operating Leverage
1 Non-GAAP metrics-see Appendix for reconciliation with most directly comparable GAAP figure.
Non-GAAP Gross Margin 1
Non-GAAP Operating Expenses 1
(% of Revenue)
29. Driving Operating Efficiency While Maintaining Growth
1 Non-GAAP metrics-see Appendix for reconciliation with most directly comparable GAAP figure.
Cash efficient business
Non-GAAP Operating Loss1
(% of Revenue) GAAP Operating Cash Flow (% of Revenue)
Increasing operating leverage
30. Enduring Tailwinds
High productivity helps reduce growing cost of quality engineers
Ultimate penetration has room to expand
Strong ARPU growth
Large and growing number of open source registrations
Platform shift is still early
31. Financial Outlook
Second Quarter and Fiscal Year 2023
($ in millions, except per share data)
Note: Non-GAAP net loss per share assuming approximately 147 million and 148 million weighted average shares outstanding as of 2Q FY2023 and FY23, respectively.
Q2 FY 2023 Guidance FY 2023 Guidance
Revenue $93.5 - $94.5 $398.0 - $402.0
Non-GAAP operating loss $(34.0) - $(33.0) $(130.5) - $(127.5)
Non-GAAP net loss per share $(0.24) - $(0.23) $(0.93) - $(0.89)
33. Definitions
Customer: a single organization with separate subsidiaries, segments, or divisions that use The DevOps Platform is
considered a single customer for determining each organization’s ARR. Reseller or distributor channel partners are not
counted as customers. In cases where customers subscribe to The DevOps Platform through our channel partners, each
end customer is counted separately.
Base Customers: customers generating $5,000 or more in ARR.
Monthly Recurring Revenue (“MRR”): aggregate monthly revenue for all customers during that month from committed
contractual amounts of subscriptions, including self-managed and SaaS offerings but excluding professional services.
Annual Recurring Revenue (“ARR”): monthly recurring revenue multiplied by 12.
Current Period ARR: includes any upsells, price adjustments, user growth within a customer, contraction, and attrition.
Dollar-Based Net Retention: the percentage change in ARR derived from the customer base at a point in time. Calculated
as of a period end by starting with customers as of 12 months prior to such period end (“Prior Period ARR”). Then ARR for
the same customers is calculated as of the current period end (“Current Period ARR”). Then divide the total Current Period
ARR by the total Prior Period ARR to arrive at the Dollar-Based Net Retention Rate.
Run-Rate Revenue: the sum of the most recent three months of revenue at the end of each quarter multiplied by 4.
34. GAAP to Non-GAAP Reconciliation
Gross Profit ($ in thousands)
Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.
FY 2021 FY 2022 Q1 FY22 Q1 FY23
GAAP Gross Profit $133,713 $222,668 $43,505 $77,559
Add: Stock-based Compensation Expense 1,185 1,300 152 790
Add: Amortization of Intangible Assets 0 334 0 504
Non-GAAP Gross Profit $134,898 $224,302 $43,657 $78,853
Non-GAAP Gross Profit Margin % 89% 89% 87% 90%
35. GAAP to Non-GAAP Reconciliation
Sales & Marketing Expense ($ in thousands)
Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.
FY 2021 FY 2022 Q1 FY22 Q1 FY23
Sales & Marketing Expense $154,086 $190,754 $38,854 $66,710
Less: Stock-based Compensation Expense (21,504) (10,550) (1,439) (7,051)
Non-GAAP Sales & Marketing Expense $132,582 $180,204 $37,415 $59,659
As % of Revenue 87% 71% 75% 68%
36. GAAP to Non-GAAP Reconciliation
Research & Development Expense ($ in thousands)
Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.
FY 2021 FY 2022 Q1 FY22 Q1 FY23
Research & Development Expense $106,643 $97,217 $21,340 $31,830
Less: Stock-based Compensation Expense (31,519) (8,305) (965) (5,036)
Non-GAAP Research & Development Expense $75,124 $88,912 $20,375 $26,794
As % of Revenue 49% 35% 41% 31%
37. GAAP to Non-GAAP Reconciliation
General & Administrative Expense ($ in thousands)
Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.
FY 2021 FY 2022 Q1 FY22 Q1 FY23
General & Administrative Expense $86,868 $63,654 $9,339 $21,892
Less: Stock-based Compensation Expense (57,638) (9,854) (875) (4,594)
Add: Amortization of Acquired Intangibles (222) (331) (84) (77)
Non-GAAP General & Administrative Expense $29,008 $53,469 $8,380 $17,221
As % of Revenue 19% 21% 17% 20%
38. GAAP to Non-GAAP Reconciliation
Operating Loss ($ in thousands)
Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.
FY 2021 FY 2022 Q1 FY22 Q1 FY23
GAAP Operating Loss $(213,884) $(128,957) $(26,028) $(42,873)
Add: Stock-based Compensation Expense 111,846 30,009 3,431 17,471
Add: Amortization of Acquired Intangibles 222 665 84 581
Non-GAAP Operating Loss $(101,816) $(98,283) $(22,513) $(24,821)
Non-GAAP Operating Loss Margin % (67%) (39%) (45%) (28%)
39. GAAP to Non-GAAP Reconciliation
Net Loss Attributable to GitLab ($ in thousands)
Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.
FY 2021 FY 2022 Q1 FY22 Q1 FY23
Net Loss Attributable to GitLab $(192,194) $(155,138) $(27,937) $(26,099)
Add: Stock-based Compensation Expense 111,846 30,009 3,431 17,471
Add: Amortization of Acquired Intangibles 222 665 84 581
Add: Foreign Exchange (Gains) Losses, Net (23,423) 29,140 1,051 (860)
Add: Loss from Equity Method Investment, Net of Tax 0 0 0 203
Add: De-Consolidation (Gains) Losses 0 0 0 (17,798)
Non-GAAP Net Loss Attributable to GitLab $(103,549) $(95,324) $(23,371) $(26,502)
Non-GAAP Net Loss Margin % (68%) (38%) (47%) (30%)