Gitlab (GTLB) Cost of Revenue (2020 - 2026)
Gitlab (GTLB) posted quarterly Cost of Revenue of $35.0 million for Q1 2026, up 52.97% year-over-year from $22.9 million in Q1 2025, and up 8.57% quarter-over-quarter from $32.2 million in Q4 2025.
Gitlab (GTLB) Cost of Revenue (2020 - 2026) Analysis & Trends
Gitlab (GTLB) has reported Cost of Revenue for 7 consecutive years, with $35.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 52.97% year-over-year to $35.0 million; the TTM figure through Jan 2026 stood at $120.7 million (up 41.82% YoY), while the FY2026 annual figure was $120.7 million, up 41.82% from the prior year.
- Cost of Revenue rose to $35.0 million in Q1 2026 per GTLB's latest filing, from $32.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $35.0 million in Q1 2026 and bottomed at $9.2 million in Q1 2022.
- Historically, Cost of Revenue has averaged $19.2 million across 5 years, with a median of $16.0 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 102.42% — and 2023, when it climbed 3.57%.
- Gitlab's Cost of Revenue stood at $14.6 million in 2022, then climbed by 3.57% to $15.1 million in 2023, then jumped by 46.68% to $22.1 million in 2024, then surged by 45.63% to $32.2 million in 2025, then climbed by 8.57% to $35.0 million in 2026.
- Business Quant data shows GTLB's Cost of Revenue at $35.0 million in Q1 2026, $32.2 million in Q4 2025, and $28.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Gitlab | 7.04 Bn | 5.69 Bn | 226.67 Mn | 37.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 37.49 Mn |
| Apr 30, 2026 | 37.49 Mn |
| Jan 31, 2026 | 34.98 Mn |
| Jan 31, 2026 | 34.98 Mn |
| Oct 31, 2025 | 32.22 Mn |
| Oct 31, 2025 | 32.22 Mn |
| Jul 31, 2025 | 28.51 Mn |
| Jul 31, 2025 | 28.51 Mn |
| Apr 30, 2025 | 25.04 Mn |
| Apr 30, 2025 | 25.04 Mn |
| Jan 31, 2025 | 22.87 Mn |
| Jan 31, 2025 | 22.87 Mn |
| Oct 31, 2024 | 22.13 Mn |
| Oct 31, 2024 | 22.13 Mn |
| Jul 31, 2024 | 21.37 Mn |
| Jul 31, 2024 | 21.37 Mn |
| Apr 30, 2024 | 18.78 Mn |
| Apr 30, 2024 | 18.78 Mn |
| Jan 31, 2024 | 15.99 Mn |
| Jan 31, 2024 | 15.99 Mn |