GitLab Stock Plunges 11.77% on Weak Revenue Outlook

Before the BellWednesday, Jun 11, 2025 4:33 am ET

1min read

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On June 11, 2025, GitLab's stock price plummeted by 11.77% in pre-market trading, marking a significant decline for the company.

GitLab's shares experienced a sharp drop following the release of its first-quarter earnings report. Despite exceeding earnings per share (EPS) estimates by 2 cents, the company's revenue outlook for the year was weaker than anticipated, leading to a 12.6% decline in after-hours trading.

Analysts have revised their estimates for GitLab, predicting a 22% annualized revenue decline by the end of 2025. This pessimistic outlook has contributed to the recent sell-off in the company's stock.

GitLab's strategic moves, including its focus on AI adoption, have been highlighted as potential drivers for future growth. The company has outlined a revenue target of $936 million to $942 million for fiscal year 2026, aiming to capitalize on the accelerating adoption of AI technologies.

Ask Aime: Why is GitLab's stock price plummeting?

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