By Amira McKee

GitLab posted a double-digit revenue increase and expects its agentic AI platform driving multi-year growth.

The provider of software-development tools recorded a fourth-quarter net loss of $2.6 million, or 2 cents a share, compared with a profit of $6.9 million, or 4 cents a share, a year earlier.

Adjusted earnings came in at 30 cents a share. Analysts polled by FactSet were expecting 23 cents a share.

Revenue climbed 23% to $260.4 million, topping the $252.2 million that Wall Street forecast, according to FactSet.

Customers with more than $1 million in annual run-rate subscription agreements reached 155, an increase of 26% from a year earlier. Customers with more than $5,000 and $100,000 grew 8% and 18% respectively.

Chief Financial Officer Jessica Ross said the company sees its GitLab Duo Agent Platform, which embeds AI agents to assist with workflow automation, along with hybrid pricing, driving multi-year growth.

"As code volume explodes, security, compliance, and governance are no longer optional; they're existential," Chief Executive Officer Bill Staples said.

GitLab anticipates logging adjusted earnings of 20 cents to 21 cents a share, and revenue of $253 million to $255 million in the first quarter. Wall Street is modeling adjusted earnings of 21 cents a share and revenue of $256.3 million according to FactSet.

For fiscal year 2027, the company expects adjusted earnings of 76 cents to 80 cents a share, and revenue of $1.099 billion to $1.118 billion. Analysts polled by FactSet are projecting adjusted earnings of $1.04 cents and revenue of $1.12 billion.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

March 03, 2026 16:49 ET (21:49 GMT)

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