GitLab Shares Fall 9% After CFO Resignation And Cautious Guidance

GitLab Inc. (NASDAQ:GTLB) dropped 9% on Thursday after the company issued cautious guidance and announced that CFO Brian Robins would step down effective September 19, with VP of Finance James Shen to serve as interim CFO.

For the quarter ended July 31, GitLab reported adjusted EPS of $0.24 on revenue of $236 million, beating estimates of $0.16 and $227.2 million, respectively.

For Q3, the company forecast adjusted EPS of $0.19–$0.20 and revenue of $238–$239 million, compared with consensus of $0.19 and $241.5 million.

For FY26, GitLab raised its adjusted EPS outlook to $0.82–$0.83 from $0.74–$0.75, topping estimates of $0.75. It reiterated full-year revenue guidance of $936–$942 million, slightly below consensus of $942.9 million.