Saastr · 25 September 2026 · Industry Analysis

5 Interesting Learnings from GitLab at $1.13 Billion in Revenue: 24% Billings Growth, $20M of Flex in Six Weeks, and 400 Basis Points of AI Margin Cost

Jason Lemkin, GP @ SaaStr

GitLab's Q2 results show strong billings and consumption growth despite 400bps of gross margin compression from AI inference costs, with a new Flex pricing model driving $20M in six weeks but creating revenue timing headwinds that the guidance doesn't yet reflect.

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Topics: Enterprise Software · Developer Tools

Published by Saastr · their site ↗

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