GitLab
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|
Revenues | 152m | 253m | 424m | 580m | 738m | 921m | 1.1b |
% growth | 87 % | 66 % | 68 % | 37 % | 27 % | 25 % | 25 % |
EBITDA | (214m) | (128m) | (206m) | (169m) | 44.1m | 91.1m | 187m |
% 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 | - | 33.2x | 16.7x | 18.6x | 9.3x | 7.2x | 5.6x |
EV / EBITDA | - | -65.6x | -34.5x | -63.9x | 155.6x | 72.3x | 34.5x |
R&D budget | 107m | 97.2m | 156m | 201m | - | - | - |
R&D % of revenue | 70 % | 38 % | 37 % | 35 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | 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 Funding | €394m |
Recent News about GitLab
EditGitLab 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.