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Arphra AIPlain-English read on GitLab Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Valuation multiples
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Headline | |||||
| Market cap | $5.8B | — | — | — | — |
| Enterprise value | $5.57B | — | — | — | — |
| Multiples | |||||
| P / E | — | — | — | — | — |
| P / B | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / Sales | 5.83 | — | — | — | — |
| EV / FCF | 25.09 | — | — | — | — |
| Yields | |||||
| Earnings yield | -0.96% | — | — | — | — |
| Free cash flow yield | +3.83% | — | — | — | — |
| Dividend yield | — | — | — | — | — |
Profitability
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin | +87.36% | +89.09% | +85.27% | +89.91% | +88.47% |
| Operating margin | -7.38% | -7.54% | -7.60% | -7.45% | -7.39% |
| EBITDA margin | -6.19% | -6.21% | -6.23% | -6.25% | -6.24% |
| EBIT margin | -7.38% | -7.41% | -7.50% | -7.49% | -7.36% |
| Pre-tax margin | -5.03% | -4.99% | -4.97% | -4.90% | -4.99% |
| Net margin | -5.86% | -5.90% | -5.71% | -5.76% | -5.94% |
| Cost structure | |||||
| Cost of revenue / sales | +12.64% | +12.65% | +12.71% | +12.78% | +12.51% |
| R&D intensity | +28.74% | +28.53% | +28.56% | +29.08% | +28.33% |
| SG&A intensity | +65.99% | +64.81% | +64.19% | +64.11% | +67.37% |
| Effective tax rate | — | — | — | — | — |
Returns on capital
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Returns | |||||
| Return on equity (ROE) | -5.40% | -5.52% | -5.42% | -5.41% | -5.44% |
| Return on assets (ROA) | -3.25% | -3.28% | -3.09% | -3.18% | -3.30% |
| Return on capital (ROC) | -6.80% | -7.05% | -7.22% | -6.99% | -6.77% |
| Return on invested capital (ROIC) | -5.10% | -5.29% | -5.41% | -5.24% | -5.07% |
| Asset turnover | +55.45% | +55.58% | +54.03% | +55.14% | +55.48% |
| DuPont · ROE decomposition | |||||
| Net margin | -5.86% | -5.90% | -5.71% | -5.76% | -5.94% |
| Asset turnover (× revenue / assets) | +55.45% | +55.58% | +54.03% | +55.14% | +55.48% |
| Equity multiplier (× assets / equity) | +166.25% | +168.25% | +175.79% | +170.12% | +165.10% |
Activity & efficiency
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Turnover | |||||
| Asset turnover | 0.55 | 0.56 | 0.54 | 0.55 | 0.55 |
| Fixed-asset turnover | 80.85 | — | — | — | — |
| Inventory turnover | — | — | — | — | — |
| Receivables turnover | 3.14 | — | — | — | — |
| Payables turnover | 13.12 | — | — | — | — |
| Days outstanding | |||||
| Days sales outstanding (DSO) | 116.28 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — |
| Days payables outstanding (DPO) | 27.83 | — | — | — | — |
| Cash conversion cycle | 88.45 | — | — | — | — |
Cash flow quality
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Operating CF / Net income | -4.16 | -4.02 | -4.15 | -4.19 | -4.10 |
| FCF / Net income | -3.97 | -3.89 | -4.14 | -3.96 | -3.86 |
| FCF margin | +23.24% | +22.96% | +23.61% | +22.80% | +22.90% |
| OCF margin | +24.38% | +23.72% | +23.69% | +24.12% | +24.36% |
| CapEx / Revenue | +1.13% | +1.12% | +1.16% | +1.14% | +1.12% |
| CapEx / D&A | -76.25 | — | — | — | — |
| Stock-based comp / Revenue | +22.50% | — | — | — | — |
Per-share & shareholder yield
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| EPS · diluted | -0.35 | 0.81 | 1.02 | 1.16 | 1.38 |
| EPS · basic | -0.35 | 0.82 | 1.03 | 1.17 | 1.40 |
| Book value / share | 6.25 | 7.25 | 8.21 | 9.41 | 11.18 |
| Tangible BV / share | 6.09 | 7.25 | 8.21 | 9.41 | 11.18 |
| Sales / share | 5.76 | 6.78 | 7.80 | 8.83 | 10.24 |
| Operating CF / share | 1.40 | 1.61 | 1.85 | 2.13 | 2.49 |
| Free cash flow / share | 1.34 | 1.56 | 1.84 | 2.01 | 2.35 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E | 4y CAGR |
|---|---|---|---|---|---|---|
| Top-line | ||||||
| Revenue · YoY | — | +16.77% | +15.30% | +13.78% | +15.13% | +15.24% |
| Gross profit · YoY | — | +19.08% | +10.36% | +19.97% | +13.29% | +15.61% |
| Profit | ||||||
| Operating income · YoY | — | -19.38% | -16.13% | -11.52% | -14.19% | — |
| EBITDA · YoY | — | -17.11% | -15.61% | -14.26% | -14.83% | — |
| Net income · YoY | — | -17.60% | -11.58% | -14.85% | -18.68% | — |
| Operating | ||||||
| EBIT · YoY | — | -17.31% | -16.71% | -13.57% | -13.11% | — |
| R&D · YoY | — | +15.90% | +15.41% | +15.86% | +12.16% | +14.82% |
| Per-share | ||||||
| EPS · diluted · YoY | — | +332.15% | +25.21% | +14.44% | +18.53% | — |
| EPS · basic · YoY | — | +333.82% | +25.87% | +13.72% | +19.19% | — |
Credit & leverage
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Leverage | |||||
| Total debt | $0 | $0 | $0 | $0 | $0 |
| Net debt | -$229.58M | -$275.2M | -$317.7M | -$343.37M | -$399.66M |
| Net debt / EBITDA | 3.88 | 3.97 | 3.97 | 3.75 | 3.80 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity / assets | +60.15% | +59.43% | +56.89% | +58.78% | +60.57% |
| Coverage | |||||
| EBITDA / interest expense | — | — | — | — | — |
| Operating income / interest | — | — | — | — | — |
| Interest expense | $0 | $0 | $0 | $0 | $0 |
| Liquidity | |||||
| Current ratio | 2.54 | — | — | — | — |
| Quick ratio | 2.40 | — | — | — | — |
| Cash ratio | 0.35 | — | — | — | — |
| Working capital | $1B | — | — | — | — |
| Working capital / revenue | +105.07% | — | — | — | — |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 5.83x | 15.09x | 18.42x |
| Earnings yield | -1.0% | -0.1% | -3.9% |
| FCF yield | 3.8% | -0.6% | 0.3% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | -5.6% | -0.8% | -76.0% |
| ROA | -3.2% | -0.5% | -32.2% |
| ROIC | -6.6% | -1.8% | -29.1% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 3.88 | 1.73 | 1.59 |
| Interest coverage | — | — | — |
| Current ratio | 2.54x | 2.45x | 1.90x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).