GitLab Inc.

Filing receipts

“Stock-Based Compensation Expense Three Months Ended April 30, Change 2026 2025 $ % (in thousands, except percentages) Cost of revenue $ 2,864 $ 1,929 $ 935 48 % Sales and marketing 17,445 22,091 (4,646) (21) Research and development 13,630 14,272 (642) (4) General and administrative 16,122 17,535 (1,413) (8) Total stock-based compensation expense $ 50,061 $ 55,827 $ (5,766) (10) % Stock-based compensation ex pense decreased by $5.8 million, to $50.1 million for the three months ended April 30, 2026 from $55.8 million for the three months ended April 30, 2025 , primarily due to a decrease of $3.7 million of expense from RSUs and $1.1 million related to stock options.”

“Cost of Revenue, Gross Profit, and Gross Margin Three Months Ended April 30, Change 2026 2025 $ % (in thousands, except percentages) Cost of revenue $ 37,488 $ 25,035 $ 12,453 50 % Gross profit 226,670 189,474 37,196 20 Gross margin 86 % 88 % (2) % Cost of revenue increased by $12.5 million, to $37.5 million for the three months ended April 30, 2026 from $25.0 million for the three months ended April 30, 2025, primarily due to an increase of $7.5 million in third party hosting costs for SaaS and cloud usage.”

“Interest Income and Other Income (Expense), Net Three Months Ended April 30, Change 2026 2025 $ % (in thousands, except percentages) Interest income $ 11,947 $ 10,862 $ 1,085 10 % Foreign exchange gains (losses), net 536 (9,954) 10,490 (105) Other expense, net (281) (17) (264) 1,553 Total other income (expense), net $ 255 $ (9,971) $ 10,226 (103) % Interest income increased f or the three months ended April 30, 2026 compared to the three months ended April 30, 2025 , primarily due to income earned from our cash, cash equivalents, and short-term investments, driven by higher average balances during the three months ended April 30, 2026 compared to the three months ended April 30, 2025 .”