Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues152m253m424m580m738m921m1.1b
% growth87 %66 %68 %37 %27 %25 %25 %
EBITDA(214m)(128m)(206m)(169m)44.1m91.1m187m
% EBITDA margin(140 %)(51 %)(49 %)(29 %)6 %10 %16 %
Profit(192m)(155m)(172m)(424m)(151m)(141m)(140m)
% profit margin(126 %)(61 %)(41 %)(73 %)(21 %)(15 %)(12 %)
EV / revenue-33.2x16.7x18.6x9.3x7.2x5.6x
EV / EBITDA--65.6x-34.5x-63.9x155.6x72.3x34.5x
R&D budget107m97.2m156m201m---
R&D % of revenue70 %38 %37 %35 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-

N/A

Corporate spinout

$120k

Seed
*

$1.5m

Early VC
*

$4.0m

Series A
*

€18.2m

Series B
*

$20.0m

Series C
*

$100m

Valuation: $1.1b

104.8x EV/LTM Revenues

Series D
*

$20.0m

Valuation: $1.2b

114.3x EV/LTM Revenues

Series D
*

$268m

Valuation: $2.8b

Series E
N/A

$195m

Valuation: $6.0b

73.9x EV/LTM Revenues

-46.7x EV/LTM EBITDA

Secondary
N/A

$650m

Valuation: $11.0b

135.4x EV/LTM Revenues

-85.7x EV/LTM EBITDA

IPO
*

N/A

Post IPO Equity
Total FundingAUD670m

Recent News about GitLab

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More about GitLabinfo icon
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GitLab is a technology company that offers a comprehensive DevOps platform designed to streamline software development processes. The company provides a single application that enhances collaboration, visibility, and development speed for software teams. GitLab's platform integrates various tools required for software development, reducing the complexity of managing multiple toolchains. This allows companies to focus more on improving their products rather than spending excessive time on builds.

GitLab serves a diverse range of clients, including major corporations like Goldman Sachs, Ticketmaster, and Fanatics. These clients span various industries, from finance to entertainment, showcasing the platform's versatility and broad appeal. The market GitLab operates in is the DevOps and software development sector, which is growing rapidly as more companies seek efficient ways to develop and deploy software.

The business model of GitLab is primarily subscription-based. Clients pay for access to the platform, which includes various features and tools that support continuous integration (CI) and continuous deployment (CD). GitLab also offers a free trial and demo to attract potential customers. Additionally, the company continuously updates its platform with new features, ensuring that clients receive ongoing value from their subscriptions.

GitLab makes money by selling these subscriptions to its platform, which can be customized to meet the specific needs of different organizations. The company also partners with other technology providers to enhance its offerings and expand its ecosystem, further driving revenue.

In summary, GitLab is a leading provider of a unified DevOps platform that simplifies software development and deployment, serving a wide range of industries with a subscription-based model.

Keywords: DevOps, software development, collaboration, continuous integration, continuous deployment, toolchain, visibility, subscription, innovation, security.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by GitLab

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Gitter
ACQUISITION by Element Sep 2020
Gemnasium
ACQUISITION by GitLab Jan 2018
Gitorious
ACQUISITION by GitLab May 2015
Fuzzit
ACQUISITION by GitLab Jun 2020
Peach Tech
ACQUISITION by GitLab Jun 2020
Opstrace
ACQUISITION by GitLab Dec 2021
UnReview
ACQUISITION by GitLab Jun 2021
Oxeye
ACQUISITION by GitLab Mar 2024