GitLab stock rises 35 percent after strong quarterly results
Business · 6 September 2026
Written by AI from multiple news reports
GitLab's share price rose nearly 35% in August 2026 after the company reported strong quarterly results on 31 July. The S&P 500 index gained only 2.6% in the same period.
GitLab raised its full-year revenue forecast to around $1.13 billion, up from its earlier estimate. The company also increased its earnings guidance for the year.
Revenue from subscriptions grew 21% compared to the previous year, and cloud-based service revenue grew 36%. Large deals worth $500,000 or more more than doubled.