By Kelly Cloonan

GitLab swung to a loss in its latest quarter despite posting double-digit sales gains.

The company, which provides software-development tools, also named Jessica Ross its next chief financial officer.

GitLab on Tuesday recorded a loss of $8.3 million, or 5 cents a share, compared with a profit of $29.1 million, or 18 cents a share, a year earlier.

Adjusted earnings per share were 25 cents, ahead of estimates of 20 cents a share according to analysts polled by FactSet.

Revenue climbed 25% to $244.4 million, topping analyst estimates of $239.3 million.

Chief Executive Bill Staples said engagement is growing across the company's platform.

"More code means more of a need for GitLab," Staples said.

For the full year, the company now expects adjusted earnings per share of 95 cents to 96 cents, up from its prior guidance of 82 cents to 83 cents. It now forecasts revenue of $946 million to $947 million, compared to $936 million to $942 million previously.

For the current quarter, GitLab expects adjusted earnings per share of 22 cents to 23 cents cents and sales of $251 million to $252 million. Analysts forecast adjusted per-share earnings of 23 cents on sales of $251.9 million.

The company also said Ross, former CFO of Frontdoor, will take on its top finance role effective Jan. 15.

Ross has more than 25 years of experience in finance, accounting, and operational leadership at companies like Salesforce and Stitch Fix, GitLab said. She also previously worked at Arthur Andersen and Deloitte.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 02, 2025 16:28 ET (21:28 GMT)

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