GitLab's Trading Volume Drops 67% to $380 Million, Ranked 227th in Daily Market

On June 12, 2025, GitLab's trading volume reached $380 million, a significant 67.26% decrease from the previous day, placing it at the 227th position in the daily stock market rankings. GitLab's stock price increased by 0.78%.

GitLab Inc. reported its Q1 FY2026 results on June 10, 2025, revealing a 27% year-over-year revenue growth to $214.5 million. This increase was driven by a surge in demand for AI-powered solutions, which has become a key growth driver for the company. The non-GAAP operating margin also saw a notable improvement, rising to 12% from -2% in the same period last year.

Despite the strong revenue performance, GitLab's shares experienced a decline in pre-market trading. This drop was attributed to heightened competition in the AI code generation sector and ongoing uncertainties in the public sector. The company's top-line growth, however, remained robust, with revenue increasing by 26.8% year over year, fueled by higher spending from existing customers and the acquisition of new clients.

GitLab has set an ambitious revenue target of $936 million to $942 million for FY26, driven by the accelerating adoption of AI technologies. The company also reaffirmed its full-year guidance, expecting to earn between $0.74 and $0.75 per share on an adjusted basis, surpassing the estimated $0.72 per share.