XML 75 R61.htm IDEA: XBRL DOCUMENT v3.22.1
Equity - Narrative (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Feb. 01, 2022
shares
Oct. 18, 2021
USD ($)
$ / shares
shares
Sep. 30, 2021
target
shares
May 31, 2021
USD ($)
target
$ / shares
shares
Apr. 30, 2021
Apr. 30, 2016
Jan. 31, 2022
USD ($)
vote
$ / shares
shares
Jan. 31, 2021
USD ($)
$ / shares
shares
Jan. 31, 2020
USD ($)
$ / shares
shares
Oct. 17, 2021
USD ($)
shares
Jan. 31, 2019
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Preferred stock, shares authorized (in shares) | shares   50,000,000         50,000,000 0      
Preferred stock, par value (in USD per share) | $ / shares   $ 0.0000025         $ 0.0000025 $ 0.0000025      
Proceeds from initial public offering, net of underwriting discounts             $ 654,552,000 $ 0 $ 0    
Payments of deferred offering costs   $ 4,700,000         $ 4,667,000 $ 0 $ 0    
Deferred offering costs                   $ 4,700,000  
Shares subject to repurchase obligation (in shares) | shares             713,967 1,197,150      
Deferred compensation liability, noncurrent             $ 6,800,000 $ 8,100,000      
Convertible preferred stock, shares outstanding (in shares) | shares   79,600,000         0 79,551,000 79,959,000 79,600,000 65,546,000
Carrying value of convertible preferred stock             $ 0 [1] $ 424,904,000 $ 425,146,000 $ 424,904,000 $ 156,969,000
Award vesting period (in years)             4 years        
Additional shares added (in shares) | shares             22,532,000 5,788,000      
Aggregate intrinsic value, options vested             $ 10,800,000 $ 8,200,000 $ 1,800,000    
Options granted (in USD per share) | $ / shares             $ 10.81 $ 3.55 $ 2.04    
Intrinsic value of options exercised             $ 280,500,000 $ 33,800,000 $ 16,000,000    
Compensation expense not yet recognized             101,800,000 26,800,000      
Stock-based compensation             29,665,000 8,024,000 3,702,000    
Tax benefit for stock-based compensation expense             $ 7,000,000 $ 0 $ 0    
Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Common stock, shares authorized (in shares) | shares   1,500,000,000         1,500,000,000 163,000,000      
Common stock, par value (in USD per share) | $ / shares   $ 0.0000025         $ 0.0000025 $ 0.0000025      
Voting rights, vote per share | vote             1        
Class A Common Stock | IPO                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Shares sold (in shares) | shares   8,940,000                  
Share price (in USD per share) | $ / shares   $ 77.00                  
Proceeds from initial public offering, net of underwriting discounts   $ 654,600,000                  
Payments of deferred offering costs   $ 33,800,000                  
Class A Common Stock | Over-Allotment Option                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Shares sold (in shares) | shares   520,000                  
Class A Common Stock | IPO, Shares From Existing Stockholder                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Shares sold (in shares) | shares   2,500,000                  
Proceeds from initial public offering, net of underwriting discounts   $ 0                  
Class B Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Common stock, shares authorized (in shares) | shares   250,000,000         250,000,000 163,000,000      
Common stock, par value (in USD per share) | $ / shares   $ 0.0000025         $ 0.0000025 $ 0.0000025      
Voting rights, vote per share | vote             10        
2021 Equity Incentive Plan | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Common stock reserved for future issuance (in shares) | shares     13,032,289                
2021 Equity Incentive Plan | Class A Common Stock | Subsequent Event                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Additional shares added (in shares) | shares 7,344,382                    
Shares subject to the 2021 ESPP                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Dividend yield             0.00%        
Risk-free interest rate             0.07%        
Shares subject to the 2021 ESPP | 2021 Employee Stock Purchase Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Period for recognition (in years)             3 months 18 days        
Compensation expense not yet recognized             $ 6,900,000        
Stock-based compensation             $ 5,100,000        
Discount rate (as a percent)     15.00%                
Look-back period (in months)     27 months                
Shares subject to the 2021 ESPP | 2021 Employee Stock Purchase Plan | Class A Common Stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Common stock reserved for future issuance (in shares) | shares     3,271,090                
Automatic annual increase period (in years)     10 years                
Shares subject to the 2021 ESPP | 2021 Employee Stock Purchase Plan | Class A Common Stock | Subsequent Event                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Additional shares added (in shares) | shares 1,468,876                    
Stock options                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Period for recognition (in years)         1 year 3 months 18 days   2 years 3 months 18 days        
Dividend yield             0.00% 0.00% 0.00%    
Risk-free interest rate             1.10% 0.50% 1.90%    
Stock options | 2015 Equity Incentive Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Expiration period (in years)           10 years          
Stock options | 2015 Equity Incentive Plan | Period one                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting percentage           25.00%          
Award vesting period (in years)           1 year          
Stock options | 2015 Equity Incentive Plan | Period two                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period (in years)           36 months          
RSUs                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
RSUs granted in period (in shares) | shares             3,290,000 0      
RSUs | Chief Executive Officer                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
RSUs granted in period (in shares) | shares       3,000,000              
Grant date fair value       $ 8,800,000              
Share price volatility (as a percent)       45.00%              
Risk-free interest rate       1.52%              
Number of threshold stock price targets | target     8 8              
Compensation expense not yet recognized       $ 8,800,000     $ 7,600,000        
Stock-based compensation             $ 1,200,000        
RSUs | Chief Executive Officer | Minimum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Period for recognition (in years)       2 years 9 months 29 days              
Threshold stock price target (in USD per share) | $ / shares       $ 95              
RSUs | Chief Executive Officer | Maximum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Period for recognition (in years)       7 years 6 months              
Threshold stock price target (in USD per share) | $ / shares       $ 500              
RSUs | 2021 Equity Incentive Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
RSUs granted in period (in shares) | shares             300,000        
RSU grant date fair value (in dollars per share) | $ / shares             $ 82.10        
RSUs | 2021 Equity Incentive Plan | Minimum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period (in years)             2 years        
RSUs | 2021 Equity Incentive Plan | Maximum                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Award vesting period (in years)             4 years        
[1] (1) As of January 31, 2022, the consolidated balance sheet includes assets and liabilities of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $17.7 million and $3.7 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of the Company. Refer to “Note 10. Joint Venture and Majority Owned Subsidiary” for further discussion.