GitLab Inc. is a leading platform for DevOps, providing a suite of tools for software development, project management, and collaboration
The company offers a comprehensive solution that integrates various stages of the software development lifecycle, from planning and coding to testing and deployment. GitLab’s platform is designed to enhance productivity and streamline processes for developers and teams, allowing for better version control, continuous integration, and automated workflows. With an emphasis on openness and collaboration, GitLab also supports both self-hosted and cloud-based environments, catering to a diverse range of organizations seeking to innovate and deliver high-quality software efficiently.
Over the past six months, GitLab has been a great trade, beating the S&P 500 by 9%. Its stock price has climbed to $62.60, representing a healthy 18.4% increase. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at software development stocks, starting with JFrog (NASDAQFROG).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the software development industry, including Twilio (NYSETWLO) and its peers.
Shares of software development tools maker GitLab (NASDAQGTLB)
jumped 12.7% in the pre-market session after the company reported strong financial results for the third quarter (FQ3 2025). Revenue and adjusted operating profit beat in the quarter, which is only the start of the good news. GitLab also provided optimistic adjusted operating profit guidance for the next quarter, which beat analysts' expectations despite an in-line revenue guide. Its full-year adjusted operating profit guidance also came in much higher than Wall Street's estimates. Overall, we think this was a decent quarter, with some key metrics above expectations.
Software development tools maker GitLab (NASDAQGTLB) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 31% year on year to $196 million. The company expects next quarter’s revenue to be around $205.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.23 per share was 44.4% above analysts’ consensus estimates.
