Gitlab Inc. Earnings Per Share Disclosure
| Fiscal Year Ended January 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net loss attributable to GitLab | $ | (6,326) | $ | (425,677) | $ | (173,407) | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average shares used to compute net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted | 160,580 | 154,283 | 148,407 | ||||||||||||||
| Net loss per share attributable to GitLab Class A and Class B common stockholders, basic and diluted | $ | (0.04) | $ | (2.76) | $ | (1.17) | |||||||||||
| As of | |||||||||||||||||
| January 31, 2025 | January 31, 2024 | January 31, 2023 | |||||||||||||||
| Shares subject to outstanding common stock options | 5,896 | 8,503 | 12,686 | ||||||||||||||
| Unvested restricted stock in connection with business combination | 1 | 3 | 8 | ||||||||||||||
| Unvested early exercised stock options | 3 | 22 | 194 | ||||||||||||||
| Unvested RSUs and PSUs | 8,743 | 10,930 | 8,336 | ||||||||||||||
| Shares subject to the ESPP | 55 | 63 | 81 | ||||||||||||||
| Total | 14,698 | 19,521 | 21,305 | ||||||||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.