GitLab Reports Revenue Growth and Net ARR Rise as Quarterly Cash Flow Turns Negative
GitLab reported fiscal second-quarter revenue of $286.3 million, up 21% year over year, with gross bookings at a company record and quarterly net ARR growth above 40%. Customers generating more than $100,000 of ARR rose to 1,571. Quarterly operating cash flow fell to negative $3.1 million, though six-month operating cash flow stayed positive at $146.1 million.