GitLab Inc.
- GitLab dropped 3% to $30.87 after the company announced its plan to reduce its full-time workforce by 14%, or about 36 staff, and exit 22 countries.
The company estimated a pre-tax charge between $30 million and $35 million for its restructuring plan.
Total revenue in the fiscal first quarter ending in April rose 23% to $264.2 million from $214.5 million, net loss attributable to shareholders shrank to $5 million from $35.9 million, and diluted loss per share decreased to 3 cents from 22 cents a year ago.
The company guided fiscal second quarter revenue to range between $272 million and $274 million, and fiscal 2027 revenue to range between $1.112 million and $118 million.
The software platform developer estimated adjusted earnings per share in the fiscal second quarter to range between 17 and 18 cents and fiscal 2027 to range between 79 cents and 82 cents.
Jun 3, 2026
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