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Is Beaten-Down GitLab Stock a Buy as Revenue Growth Remains Strong?
Yahoo Finance· 2026-06-07 02:35
GitLab saw solid growth in fiscal Q1, coming from both new and existing customers. It realized a 30% increase in new logo growth -- i.e., acquiring new customers -- in the quarter, while its dollar-based net retention was 117% over the past 12 months, showing strong growth within its customer base. The company said it was seeing rising demand from non-technical users, while it also recorded nearly $20 million in consumption revenue from its Duo Agentic Platform. Overall revenue climbed 23% year over year to ...