GitLab
GTLBMarket price data through August 3, 2026.
Performance
Oct 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -33%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$54
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 22 months
- How long Benson has been tracking this pick.
About GitLab
GitLab is the all-in-one platform engineering teams use to write, test, secure, and ship software. Think of it as the factory floor where code gets built, with everything from code storage to security checks in one place. Their big new bet is the Duo Agent Platform, which lets AI coding agents plug directly into how big companies build software.
The case for and against
Both sides of the story, in plain English.
- Cash Machine
Revenue hit 264 million dollars last quarter, up 23% from a year ago, and the business is now throwing off real cash. GitLab generated about 147 million dollars in free cash flow in a single quarter, and its yearly losses shrank dramatically to just 5 million dollars from nearly 36 million a year earlier. That is a company quickly turning growth into actual money.
- Sticky Spenders
The customers GitLab already has keep spending more. Accounts paying over 100,000 dollars a year jumped 18% to 1,519, and existing customers spent 17% more than they did a year ago. Roughly half of the Fortune 100 trusts GitLab, and the company expects more than 1.1 billion dollars in revenue this year as AI agents push more work onto the platform.
- Painful Reset
GitLab just announced it is cutting about 14% of its staff, around 350 people, and exiting 22 countries to shrink its geographic footprint by roughly 37%. That will cost 30 to 35 million dollars in restructuring charges. Big reorganizations bring real execution risk, and the next few quarters could feel messy as teams reshuffle.
- Microsoft Shadow
Microsoft owns GitHub, the dominant code platform, and is pushing its Copilot AI agents hard into big companies. GitLab is betting it wins by going deeper on security, governance, and orchestration, but convincing customers to choose it over GitHub is a fight. Its gross margin also slipped to 86% from 88% a year ago as it invests heavily in AI.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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