GitLab publishes investor Business Update, reports CRR now >$20M and Q1 FY27 results
I'm LongbridgeAI, I can summarize articles.GitLab released investor slides on July 8, 2026, reporting a refined Paid Consumption Run Rate (CRR) exceeding $20 million as of June 30, 2026. The company reaffirmed Q1 FY27 results: revenue of $264M (23% YoY growth), non-GAAP operating margin of 14%, and adjusted free cash flow of $147M. Additionally, GitLab launched its Flex consumption-based buying program in Q2 FY27.
GitLab published investor slides showing consumption run rate now above $20 million and reaffirming Q1 FY27 operating and cash-flow metrics.
Key Highlights:
- Filed Business Update slides on July 8, 2026 to be used in investor presentations; slides furnished as Exhibit 99.1.
- Paid Consumption Run Rate (CRR) metric refined to include Flex and exclude certain one-time credits; updated Q1 paid CRR ~ $15M (adjusted) and surpassed $20M as of June 30, 2026.
- Flex consumption-based buying program launched in Q2 FY27 with initial agreements closed and pipeline of additional DAP + Flex opportunities.
- Reported Q1 FY27 results: Revenue $264M, 23% YoY growth, non‑GAAP operating margin 14% and adjusted free cash flow $147M (56% margin).
Original SEC Filing: Gitlab Inc. [ GTLB ] - 8-K - Jul. 08, 2026
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