10 Best Debt Free Mid Cap Stocks to Buy Now

3. GitLab Inc. (NASDAQ:GTLB)

Number of Hedge Fund Holders: 51

Enterprise Value: $7.24 billion

Market Capitalization: $8.23 billion

GitLab Inc. (NASDAQ:GTLB) is a technology company that provides a comprehensive DevSecOps platform, enabling organizations to manage the entire software development lifecycle. Its platform integrates tools for planning, development, testing, security, and deployment, streamlining workflows and enhancing collaboration. GTLB serves a diverse range of industries, including technology, finance, healthcare, and retail, offering solutions for both cloud-based and on-premises environments. The company generates revenue through subscription-based plans and targets enterprises seeking to improve software delivery efficiency and security. It is among the best debt free stocks to monitor.

In fiscal year 2025, GitLab Inc. (NASDAQ:GTLB) delivered impressive financial results, achieving a 31% YoY revenue increase, with fourth-quarter growth reaching 29%. This momentum was fueled largely by seat expansion, which accounted for 75% of the growth, followed by higher customer spending and tier upgrades. The company’s strong customer retention, evidenced by a net dollar retention rate of 123%, highlights its success in deepening existing client relationships. GTLB also saw heightened demand from enterprise clients seeking platform consolidation, resulting in major wins such as Barclays, which adopted 20,000 Ultimate and 20,000 Duo seats, alongside notable partnerships with Amazon, NatWest, Anthropic, and CACI.

Strategically, GitLab Inc. (NASDAQ:GTLB) has reinforced its position as a leader in the software development lifecycle space, placing significant emphasis on artificial intelligence. Its AI product lineup, including Duo Pro for intelligent code suggestions, Duo Enterprise for broader lifecycle enhancements, and Duo Workflow currently in private beta, has started to gain meaningful traction. As it looks to fiscal year 2026, management plans to concentrate on accelerating initial customer adoption, increasing value through upgrades from Premium to Ultimate tiers, and advancing R&D efforts – especially in AI innovation.