GitLab Inc. (GTLB) reported strong Q2 FY2025 earnings, exceeding analysts' expectations. The company posted revenue of $182.6 million, a 31% year-over-year increase, surpassing the estimated $176.88 million. Non-GAAP earnings per share (EPS) stood at $0.15, beating the forecasted $0.10. Adjusted EPS was $0.08. The GAAP operating margin improved to -22% from -39% YoY. GitLab also raised its guidance for Q3 2025, projecting revenue between $187 million and $188 million, and EPS between $0.15 and $0.16. For the full fiscal year 2025, GitLab expects revenue between $742 million and $744 million, and EPS between $0.45 and $0.47. The company reported a 126% net revenue retention rate and a 49% subscription gross profit CAGR over the last four years. Non-GAAP operating income for Q3 is projected at $19.0 million. Following the earnings report, GitLab's stock surged 16% in after-hours trading. BofA Securities raised its price target for GitLab to $68.