GitLab Inc.
GTLB Technology Software Infrastructure
GitLab Inc.’s revenue for fiscal 2026 (year ended January 2026) was $955.2 million, up 25.8% from fiscal 2025. In the quarter to July 2026, revenue grew 21.3%, EPS fell 266.7% and free cash flow fell 107.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
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GitLab Inc. (GTLB) Altman Z-score
GitLab Inc.'s Altman Z-score for fiscal 2026 is 5.22, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 5.22 | (6.62) |
| FY2025 | 11.85 | 3.35 |
| FY2024 | 8.50 | (4.00) |
| FY2023 | 12.50 | 2.00 |
| FY2022 | 10.51 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.58 | — | 0.70 | |
| Retained earnings / total assets | (0.71) | — | −0.99 | |
| EBIT / total assets | (0.04) | — | −0.14 | |
| Market value of equity / total liabilities | 8.50 | — | 5.10 | |
| Sales / total assets | 0.55 | — | 0.55 | |
| Altman Z-score | Safe zone | 5.22 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.82 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SAIL SailPoint, Inc. compare | 6.8× |
| QLYS Qualys, Inc. compare | 6.7× |
| GTLB GitLab Inc. | 5.2× |
| PATH UiPath, Inc. compare | 4.0× |
| ZETA Zeta Global Holdings Corp. compare | 4.0× |
| DOCN DigitalOcean Holdings, Inc. compare | 2.0× |
| S SentinelOne, Inc. compare | 1.7× |
| DBX Dropbox, Inc. compare | 0.5× |
| NTSK Netskope Inc. compare | −1.2× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets