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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (157,560) $ (192,194) $ (130,741)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 30,009 111,846 40,872
Amortization of intangible assets 665 222 0
Depreciation expense 543 0 0
Amortization of deferred contract acquisition costs 33,368 18,469 7,960
Unrealized foreign exchange (gain) loss 20,389 (24,322) 4,257
Other non-cash expense 197 458 122
Changes in assets and liabilities:      
Accounts receivable (38,223) (14,745) (13,457)
Prepaid expenses and other current assets (8,219) 677 (5,743)
Costs deferred related to contract acquisition (42,575) (34,137) (15,223)
Other long-term assets (3,374) 252 (1,128)
Accounts payable 1,877 1,474 914
Accrued expenses and other current liabilities 13,953 733 3,395
Accrued compensation and benefits 19,755 4,646 5,791
Deferred revenue 79,074 52,382 41,950
Other long-term liabilities 307 659 865
Net cash used in operating activities (49,814) (73,580) (60,166)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of short-term investments (100,031) 0 0
Proceeds from maturities of short-term investments 50,000 0 0
Purchases of property and equipment (3,541) 0 0
Payments for business combination, net of cash acquired and consideration withheld in an escrow (323) 0 0
Payments for asset acquisitions 0 (933) 0
Other investing activities 0 91 0
Net cash used in investing activities (53,895) (842) 0
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from initial public offering, net of underwriting discounts 654,552 0 0
Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 25,354 13,765 3,088
Proceeds from warrants exercised 86 0 0
Net proceeds from Series E preferred stock financing 0 0 268,177
Repurchase of common stock in a tender offer (590) (820) 0
Contributions received from noncontrolling interests 26,450 0 0
Payments of deferred offering costs (4,667) 0 0
Net cash provided by financing activities 701,185 12,945 271,265
Impact of foreign exchange on cash, cash equivalents and restricted cash 6,846 1,000 (226)
Net increase (decrease) in cash, cash equivalents and restricted cash 604,322 (60,477) 210,873
Cash, cash equivalents and restricted cash at beginning of period 282,850 343,327 132,454
Cash, cash equivalents and restricted cash at end of period 887,172 282,850 343,327
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 1,310 1,901 1,986
Cash donations 1,000 0 0
Supplemental disclosure of non-cash investing and financing activities:      
Vesting of early exercised stock options 7,212 2,838 671
Issuance of common stock upon conversion of preferred stock 424,904 242 0
Unpaid property and equipment in accrued expenses 273 0 0
Unpaid deferred offering costs 40 0 0
Reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:      
Cash and cash equivalents 884,672 [1] 282,850 343,327
Restricted cash 2,500 0 0
Total cash, cash equivalents and restricted cash $ 887,172 $ 282,850 $ 343,327
[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.