GitLab: Strong Growth, Valuation Not Attractive (NASDAQ:GTLB)

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greenbutterfly

Investment thesis

GitLab (NASDAQ:GTLB) went public in late 2021 and since then the stock price has declined more than 70%. Some people might be tempted to buy the dip, but I would like to make readers aware that

GitLab's disaggregation of revenues

GitLab’s latest 10-K report

GitLab's financials over last four years

Author’s calculations

GitLab operating costs disaggregation

Author’s calculations

GitLab excellent earnings history

Seeking Alpha

Gitlab revenue quarterly dynamics

Author’s calculations

GitLab's balance sheet summarized

Seeking Alpha

Gitlab DCF valuation

Author’s calculations

Gitlab DCF valuation

Author’s calculations

GTLB fair share price per Morningstar

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