4 ms·

Is it profitable though?

• sytse 7y ago
  Not close to being profitable since we're optimizing for growth (more than doubling year over year). Cash flow positive planned no later then 2023 https://about.gitlab.com/company/strategy/#sequence https://about.gitlab.com/company/strategy/#sequence
  • e1g 7y ago
    Can you confirm if GitLab increased revenue 10x in 2018? A previous profile stated the revenue was $10M in 2017 (https://www.forbes.com/sites/alejandrocremades/2019/07/21/he-built-a-1-billion-business-where-all-700-employees-work-remotely/#42d13d602aa9 https://www.forbes.com/sites/alejandrocremades/2019/07/21/he...) and this article says it is now $100M. This is a phenomenal achievement, but the valuation ought to be more than $1B at that trajectory.
    • sytse 7y ago
      Do did not increase revenue by 10x in 2018. We more than doubled IACV (and hence revenue) in 2018.
      • the-dude 7y ago
        The what? https://en.wikipedia.org/wiki/Idle_air_control_actuator https://en.wikipedia.org/wiki/Idle_air_control_actuator
        • vidarh 7y ago
          https://about.gitlab.com/handbook/sales/#incremental-annual-contract-value-iacv https://about.gitlab.com/handbook/sales/#incremental-annual-... Amazing amount of detail of how Gitlab operates is public.
• romanovcode 7y ago
  No, they will get bought by Google soon tho so doesn't matter anyway
  • grizzles 7y ago
    I don't blame gitlab for playing the game. It does sort of matter if you care about the central organizing principle of our society (capitalism). Companies are meant to do more than simply reinforce the market dominance of a single market winner.