How many shares did GitLab repurchase in Q2 FY2027?

GitLab repurchased approximately 3.5 million shares during the three-month quarter ended July 31, 2026, for a total of $104.6 million, representing an average price of approximately $29.89 per share.

What is GitLab's total repurchase spending year-to-date in fiscal 2027?

For the six-month period ended July 31, 2026, GitLab repurchased $154.7 million in common stock. This represents a significant capital return program that accelerated in the first half of fiscal 2027.

Does this filing disclose a new share repurchase authorization?

No. This earnings release discloses execution of repurchases under what appears to be an existing program, but does not announce a new authorization amount or authorization date in the 8-K filing.

How do these repurchases affect GitLab's share count?

The 3.5 million shares repurchased in Q2 partially offset dilution from stock-based compensation expense of $75.0 million in the quarter. GitLab's guidance assumes 172 million weighted average shares outstanding for Q3 and full-year FY2027, reflecting the net impact of repurchases and equity issuances.

What was the execution mechanism for these repurchases?

The filing does not specify whether these repurchases were conducted under Rule 10b-18 open-market purchases, an Accelerated Share Repurchase agreement, or another mechanism. The execution method is not disclosed in this 8-K.

How does GitLab's liquidity position support these repurchases?

As of July 31, 2026, GitLab held $226.5 million in cash and $1.03 billion in short-term investments, providing substantial financial flexibility. The company generated $146.1 million in operating cash flow for the first half of fiscal 2027, demonstrating that repurchases are funded from operational results and existing reserves.

GTLB 8-K Filed 2026-09-01 Execution disclosure

GitLab repurchased 3.5M shares in Q2 FY2027

Company executed approximately 3.5 million share repurchases during second quarter fiscal year 2027.

Shares repurchased3.5M

Avg price paid$29.89

MechanismNot specified

What the filing says

GitLab Inc. (NASDAQ: GTLB) executed a share repurchase program during its second quarter of fiscal year 2027 (ended July 31, 2026), repurchasing approximately 3.5 million shares. The company disclosed this execution in its earnings release filed as an 8-K on September 1, 2026.

According to GitLab's condensed consolidated statements of cash flows covering the six-month period ended July 31, 2026, the company repurchased common stock totaling $154.7 million. For the three-month quarter alone, GitLab repurchased shares totaling $104.6 million. The average price paid per share during the quarter can be calculated as approximately $29.89 per share based on the quarterly repurchase amount and share count disclosed.

No new authorization amount or specific authorization date is disclosed in this filing. The execution mechanism is not explicitly stated in the document; however, the repurchases appear to have been conducted under an existing program. GitLab's financial guidance for Q3 FY2027 and full fiscal year 2027 assumes approximately 172 million weighted average shares outstanding, reflecting the dilutive impact of equity compensation programs partially offset by these repurchases.

In the quarter, GitLab repurchased approximately 3.5 million shares. — Gitlab Inc. 8-K filing · View on SEC EDGAR →

What this means

GitLab's execution of 3.5 million share repurchases in Q2 FY2027 represents active capital return to shareholders during a period of 21% year-over-year revenue growth. With $226.5 million in cash and $1.03 billion in short-term investments on the balance sheet as of July 31, 2026, the company has substantial liquidity to support these repurchases. The $154.7 million spent on buybacks over six months illustrates management's confidence in the stock's valuation relative to alternative uses of capital. The repurchases partially offset equity dilution from stock-based compensation (which totaled $125.1 million on a non-GAAP basis for the six-month period), helping stabilize share count despite significant employee equity grants.

Frequently asked questions

How many shares did GitLab repurchase in Q2 FY2027?: GitLab repurchased approximately 3.5 million shares during the three-month quarter ended July 31, 2026, for a total of $104.6 million, representing an average price of approximately $29.89 per share.
What is GitLab's total repurchase spending year-to-date in fiscal 2027?: For the six-month period ended July 31, 2026, GitLab repurchased $154.7 million in common stock. This represents a significant capital return program that accelerated in the first half of fiscal 2027.
Does this filing disclose a new share repurchase authorization?: No. This earnings release discloses execution of repurchases under what appears to be an existing program, but does not announce a new authorization amount or authorization date in the 8-K filing.
How do these repurchases affect GitLab's share count?: The 3.5 million shares repurchased in Q2 partially offset dilution from stock-based compensation expense of $75.0 million in the quarter. GitLab's guidance assumes 172 million weighted average shares outstanding for Q3 and full-year FY2027, reflecting the net impact of repurchases and equity issuances.
What was the execution mechanism for these repurchases?: The filing does not specify whether these repurchases were conducted under Rule 10b-18 open-market purchases, an Accelerated Share Repurchase agreement, or another mechanism. The execution method is not disclosed in this 8-K.
How does GitLab's liquidity position support these repurchases?: As of July 31, 2026, GitLab held $226.5 million in cash and $1.03 billion in short-term investments, providing substantial financial flexibility. The company generated $146.1 million in operating cash flow for the first half of fiscal 2027, demonstrating that repurchases are funded from operational results and existing reserves.

execution tech-sector rule-10b-18 q2-fy2027

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.