$GTLB just crushed its FY27 Q2 earnings, sending the stock surging while outperforming the broader market.
• Revenue: $286.3M +21.3% YoY
• Adjusted EPS: $0.24 vs. $0.18 expected
• Net ARR Growth: Up 42% YoY, marking one of its best growth rates in 4 years
• Net Retention : Bounced back to 117%
• Duo Agent Platform: Paid consumption run rate skyrocketed by 50% QoQ. AI monetization is officially real.
• GitLab Orbit: The new beta tool already reached 2,200+ orgs.
• New "Flex" Model: Secured over $20M in commitments in just its first 6 weeks.
• Although revenue growth and operational profitabi